UMB Bank, National Association is headquartered in KANSAS CITY and is the largest bank in the state of Missouri. It is also the 57th largest bank in the nation. It was established in 1902 and as of March of 2023, it had grown to 2,950 employees at 103 locations. UMB Bank, National Association's money market rates are 10X the national average, and it has a B health rating.
My Experience With Umb Bank
They are incredibly kind to me. I first had a biz account, and despite the failure of my startupn, they were always respectful, even kind.
I went back to the same neighborhood branch later, and it was like coming home. Perhaps I am better with people I know, but their service has never been less than courteous.
The neat thing about my checking is having the option to choose no overdraft fees, and how they took in my deposit before it came to any problem. They are always good to work with. Maybe online isn't everything.. but my UMB branch has it all together.
Be Aware Of Limitations!
To setup money market account you must go to local branch, can't do online.
Don't try to setup online banking yourself, have banker do it. VERY easy to get locked out as physical address is used in verification and must be exact. You aren't provided with actual recorded address as banker enters.
Maximum transfer in amount is $10,000 per day AND is not available for 5 business days.
UMB Bank Accounts
Worst Bank and customer service. Have called 11 times. Today called the lady hung up on me. They have been charging me a few every month 7 months since they took over my account. I have not received anything from them, not even a account number. Yet they charge me.
I asked if they were going to refund me for the last 7months. She said they could do 2 months of refunds.
Would Never Willingly Bank Here.
They charge you for everything plus offer a whopping .001% interest. Wish my employer used Fidelity for HSA services. I will continue to push our HR dept. to change as these guys suck.
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 8273 |
| Year Established | 1902 |
| Employees | 2950 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.96% |
| Return on Equity - YTD | 13.68% |
| Annual Interest Income | $408.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $40.35B$40.29B |
| Loans | Q1 2023vs Q1 2022 | $21.60B$17.55B |
| Deposits | Q1 2023vs Q1 2022 | $32.08B$34.55B |
| Equity Capital | Q1 2023vs Q1 2022 | $2.86B$2.58B |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $210.5MM$179.3MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $16.9MM$113.5MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $0$0 |
