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
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
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
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
Small bank, great rates, especially their high interest checking. Been with them for about one year.
Data as of Q4 2024
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57807 |
| Year Established | 2005 |
| Employees | 208 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.34% |
| Return on Equity - YTD | 2.81% |
| Annual Interest Income | $44.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $710.2MM$623.2MM |
| Loans | Q4 2024vs Q4 2023 | $519.9MM$443.8MM |
| Deposits | Q4 2024vs Q4 2023 | $614.7MM$522.5MM |
| Equity Capital | Q4 2024vs Q4 2023 | $82.5MM$80.2MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $703K$479K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $22.4MM$21MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |