Falcon International Bank has 17 branch locations in Texas.

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The bottom line: If you live in Texas and are looking for a bank with zero monthly service fees and a variety of CD options, then Falcon International Bank Statement Savings Account may be a good option.

Overall bank rating

Insider rating (out of 5)




Money Market



Pros and cons


Hispanic American-owned bank
No monthly service fees for savings or checking accounts
Variety of CD term options
Money market account includes a debit card

Low APY on accounts
Limited ATM options
Bank branch locations are only in Texas
Compounds interest monthly/quarterly, not daily

Falcon International Bank Statement Savings Account

The Falcon International Bank Statement Savings Account is a good option if you want to avoid monthly service fees. You only need a $25 minimum deposit, and there’s no minimum balance required. However, the interest rate is low, and other savings accounts could provide better rates. For example, high-yield savings accounts have higher rates.

Falcon International Bank Regular Checking Account

The Falcon International Bank Regular Checking Account is a good option if you’re looking for a checking account that is easy to maintain. There are no monthly service fees and no minimum balance needed for this account.

However, if you frequently use out-of-network ATMs, overdraw from your account, or stop using the account for more than 90 days, then additional fees may stack up for you.

Falcon International Bank Certificate of Deposit

Falcon International Bank offers a wide array of CD term options, from 30 days to 5 years. However, CDs require a $1,000 minimum opening deposit.

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If you decide to withdraw your money early, you’ll also have to deal with withdrawal penalties based on the amount deposited and the term length left.

Money market account
Falcon International Bank Money Market Account

The Falcon International Bank Money Market Account is a decent option, if you want an account with a debit card option or can deposit a minimum of $2,500 initially. There is a $10 monthly maintenance fee, but it can be waived if you keep $2,500 in your account daily.

How Falcon International Bank works

Falcon International Bank Regular Checking Account is a Hispanic American-owned bank in Texas. There are 17 branch locations (plus one more coming soon) scattered throughout the state and two representative offices in Monterrey, Mexico, and Guadalajara, Mexico.

You can find branch locations in the following cities:

Del Rio
Eagle Pass
San Antonio
Zapata (coming soon)

Twenty-two free ATMs are available in nine Texas cities. If you use an out-of-network ATM, there is a $4 transaction fee.

Customer service hours vary by branch. However, most locations have availability from 9:00 a.m. to 5:00 p.m. CT on weekdays and from 9:00 a.m. to 1:00 p.m. CT on Saturdays. There’s also a 24/7 teller available. The 24/7 teller has one phone number for the Laredo branches and a different phone number for other branches, so make sure to call the right one depending on your location.

If you accidentally lose your debit card or have it stolen, Falcon International Bank has separate …read more

Source:: Business Insider


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