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888-210-1256
200 South Rockwell Avenue
Oklahoma City, OK 73128

Yes, Redneck Bank is a real bank. In fact, it is the (purposefully lighthearted and humorously named) online banking division of All America Bank, which was established in 1969 as The First Mustang State Bank. Headquartered in Oklahoma City, Oklahoma, Redneck Bank is fully insured by the Federal Deposit Insurance Corporation (FDIC). The bank traces its history back to multiple Oklahoma banks owned by the Huckabay family.

To keep things simple, Redneck Bank limits its personal depository banking products to checking accounts and money market accounts. Both the checking account and money market account have very low minimum initial deposits. However, neither account has a minimum balance requirement. Both accounts also feature free online banking and a free VISA debit card. At the time of this writing, the Annual Percentage Yield (APY) of the money market account – which is a variable interest rate account – decreases once the balance exceeds $35,000. Statements for both checking and money market accounts are available electronically.

In addition to these personal deposit accounts, Redneck Bank offers various services, including free online bill pay and free bank-to-bank transfers. The bank also provides educational resources about online banking – including a series of video tutorials and an electronic guide.

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Exceptional Bank

Posted by: r263369 | Feb 11, 2017

We have banked with RNB for several years and have been happy with the experience. Initially we found them doing a search for a high yield money market rate. We like the crazy name and the antics and are pleased with the professional service. Like any bank, the account set up and transferring of funds is a process.
Over the years, anytime we had a question, a phone call was always received by a real person and although we have not visited the brick and mortar bank locations, the service is personal, helpful and professional. It feels very much like a "small town" bank where you know the people that work there.
In a world where big banks and institutions are trying to rule the financial world, it is refreshing finding a small bank that offers the same products and is even beating these massive establishments at their own game. We recommend you take a close look at this bank and sign up with them. We think you will be glad you did.
Oh yea, we still have the keychain they sent us for opening an account and because of the bank's name, it makes for a great conversation piece!

Fast Funds Transfers

Used to take a good three days for transfers to show up at there intended targets, now one day and all is good!!!

Fun bank to be a member of.

When I first heard of Redneck Bank from a friend I honestly assumed it was just a joke. But let me tell you, after being a member for over a year I am more satisfied with this bank than any other bank. Even brick and mortar. They are extremely personal on the phone if you have any needs. I even received a free gift when I joined! It is nice to see that you can still have a sense of humor with banking; all while managing a traditional and professional business model.

Horrible Customer Service

When I first tried to open an account at this online bank the website gave me a pending approval notice. It said to wait 48 hours for approval. I waited 3 days and nothing. I called the customer service number and they said to fax over my drivers license and social security card to verify my identity. I did that and waited 3 more days. Not a word from Redneck Bank. I called the customer service department back and they had no record of having received my documents. They told me to resend them via fax. I resent the documents and the next day I was approved for a free checking account. I signed up for direct deposit at my place of employment and my next paycheck was supposed to be deposited to Redneck Bank. Well, my money was not there on the payday Friday and I called Redneck Bank and was told that my direct deposit was rejected due to a name mismatch error. Everything looked ok on the website and my employer had my name right. Long story short is that I had to get my employer to cut me a paper check and the money never posted to Redneck Bank. Horrible customer service and I would not advise anyone to bank with this company.

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Health

Health Grade Components

Overall
FDIC Certificate #20093
Year Established1969
Employees110
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.18%
Return on Equity - YTD10.3%
Annual Interest Income$17.1MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$388.0MM$361.5MM
LoansQ4 2016vs Q4 2015$281.0MM$232.2MM
DepositsQ4 2016vs Q4 2015$325.0MM$317.8MM
Equity CapitalQ4 2016vs Q4 2015$42.6MM$43.3MM
Loan Loss AllowanceQ4 2016vs Q4 2015$2.1MM$1.3MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$467.00K$705.00K
Real Estate OwnedQ4 2016vs Q4 2015$338.00K$235.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Redneck Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%*-$35kMega Money Market Account
OTHER TIERS: 0.50% $35k+

Redneck Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*-$10kRedneck Rewards Checking - Qualifying
OTHER TIERS: 0.50% $10k+
Locations

Redneck Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 200 South Rockwell Avenue - Oklahoma City, OK 73128