Quontic Bank


Overview / Commentary
800-908-6600
31-05 Broadway,
Astoria, NY 11106

Quontic Bank is the 1,359th largest bank in the nation. It was established in 2005 and as of December of 2024, it had grown to 208 employees. Quontic Bank has a B health rating.

Yeah I Don't Know

Posted by: |

Rate seems among the better but between the chat and calling in to find out, I was told there are no external transfers out of your deposited money for 90 days, and that the only access would be through an ATM with a limit of $1,000/day. With a 6 transaction limit per month, that's a limit of $6,000 per month you could access of your money if you go to the ATM for 6 separate days. After 90 days, $25K per day limit, but it seems like your money would be tied up for the first month and a half just FYI.

Good Luck Getting Funds In Or Out Of This Bank

Posted by: |

Quontic's ACH limits are $2000 inbound or outbound. I was told that if I wanted to move funds into my Quontic account, I should initiate it through another bank. Sorry, but I'll find a bank with realistic ACH limits. As a side note, one rep told me that if I initiate an incoming ACH transfer through Quontic that there is no limit. Another rep corrected that statement and told me $2000.

Insane Company

Posted by: |

Tried to open a CD here, they said they couldn't verify my identity but would not give me any reason of why, I called in and asked if I could send them any kind of proof of my identity such as driver's license, mortgage, anything - nope. No opens. Once denied (for no reason they could give me) she said I am forever ineligible for any kind of Quantic account, with zero way to remedy it. I'll take my business elsewhere - what an absolutely insane policy and way to do business. I've opened 3 other CDs with other banks in the past year (I ladder) and never encountered anything like this.

Everything Is Just Fine

Posted by: |

Small bank, great rates, especially their high interest checking. Been with them for about one year.

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Health
B

Data as of Q4 2024

Capitalization grade does not factor in PPP loans and the use of the PPP Liquidity Facility.
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #57807
Year Established2005
Employees208
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.34%
Return on Equity - YTD2.81%
Annual Interest Income$44.4MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$710.2MM$623.2MM
LoansQ4 2024vs Q4 2023$519.9MM$443.8MM
DepositsQ4 2024vs Q4 2023$614.7MM$522.5MM
Equity CapitalQ4 2024vs Q4 2023$82.5MM$80.2MM
Loan Loss AllowanceQ4 2024vs Q4 2023$703K$479K
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$22.4MM$21MM
Real Estate OwnedQ4 2024vs Q4 2023$0$0
Rates

Sorry, we do not have rate data for Quontic Bank.

Locations

Quontic Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 31-05 Broadway, - Astoria, NY 11106

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