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Compare Zapata National Bank accounts
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On Zapata National Bank’s site. Zapata National Bank, FDIC Insured.
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On Zapata National Bank’s site. Zapata National Bank, FDIC Insured.
Start banking
On Zapata National Bank’s site. Zapata National Bank, FDIC Insured.
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On Zapata National Bank’s site. Zapata National Bank, FDIC Insured.
Zapata National Bank Review: Overall Rating
Zapata National Bank Pros and Cons
About Zapata National Bank
Zapata National Bank is a Hispanic American-owned bank in Zapata, Texas. It has one branch and two free ATMs (one at the branch and another near Highway 83).
To receive assistance, call or visit the branch Monday to Thursday from 9 a.m. to 4 p.m. CT, or Friday from 9 a.m. to 5 p.m. CT. The bank is not open on weekends.
The bank’s mobile app has 4.8 out of 5 stars in the Apple Store and 4.3 out of 5 stars in the Google Play store.
Your accounts are FDIC-insured for up to $250,000, or up to $500,000 for joint accounts.
The Role of Hispanic American-led Financial Institutions
Hispanic American-owned financial institutions are integral to providing products and services to underserved communities. These institutions also help address banking gaps among Hispanic American communities.
According to the US Census, people of Hispanic or Latino origin make up the largest racial and ethic group in Zapata, Texas.
Is Zapata National Bank Trustworthy?
Zapata National Bank does not have any recent public controversies.
At Insider, we usually include Better Business Bureau grades. The BBB has not assessed Zapata yet, though. You may want to ask family and friends about their experiences with the bank, or read online customer reviews.
Zapata National Bank Account Reviews
Zapata National Bank Free Checking Account
Zapata National Bank Free Checking Account
Fees
no monthly service fee
Annual Percentage Yield (APY)
None
Minimum Deposit Amount
$50
- $50 minimum opening deposit
- No monthly service fees
- No overdraft fees
- No option to overdraw
- $1.75 out-of-network ATM fee
Product Details
- Hispanic American-owned bank with 1 branch in Zapata, TX
- 2 free ATMs
- No monthly service fees
- Member FDIC
Zapata has several checking accounts, but the Zapata National Bank Free Checking Account is the only one that never charges a monthly service fee. There are no overdraft fees, so any transaction that would overdraw your account will be denied. If you want the option to overdraw, you may prefer one of the other accounts.
Zapata National Bank Savings Personal Account
Zapata National Bank Savings Personal Account
Fees
$5 monthly service fee
Annual Percentage Yield (APY)
0.00% to 0.05%
Minimum Deposit Amount
$300
- Includes ATM card
- Able to waive $5 monthly service fee
- $300 minimum opening deposit
- Low interest rate
- $5 monthly service fee
- Only 1 free withdrawal per month, then $2 per withdrawal
Product Details
- Hispanic American-owned bank with 1 branch in Zapata, TX
- 2 free ATMs
- Waive $5 monthly service fee by maintaining a $300 balance
- No interest earned when daily balance falls under $300
- Interest compounded daily, paid quarterly
- Member FDIC
You may like the Zapata National Bank Savings Personal Account if you can maintain a $300 balance, because then you’ll earn interest and waive the monthly fee. However, you can only make one free transfer or withdrawal per month, while many banks let you make six monthly savings transactions.
Zapata National Bank CD
Zapata National Bank CD
Annual Percentage Yield (APY)
0.15% to 0.25%
Minimum Deposit Amount
$2,500
- Interest compounded daily
- Low APY
- $2,500 minimum deposit
- Only term options are 91 days, 6 months, and 1 year
Product Details
- Hispanic American-owned bank with 1 branch in Zapata, TX
- Term options are 91 days, 6 months, and 1 year
- Contact the branch to learn about early withdrawal penalties
- Interest compounded daily
- Member FDIC
The Zapata National Bank CD offers a similar APY to to average CD rates. The bank also offers fewer term options than most institutions — just 91 days, six months, and one year.
Zapata National Bank Money Market Account
Zapata National Bank Money Market Personal Account
Fees
$15 monthly service fee
Annual Percentage Yield (APY)
0.00% to 0.10%
Minimum Deposit Amount
$2,500
- Able to waive $15 monthly service fee
- 5 free paper checks per year
- Low interest rate
- $2,500 minimum opening deposit
- $15 monthly service fee
- No debit card
Product Details
- Hispanic American-owned bank with 1 branch in Zapata, TX
- Waive $15 monthly service fee by maintaining a $2,500 balance
- No interest earned when your daily balance falls under $2,500
- Interest compounded daily, paid monthly
- Member FDIC
The Zapata National Bank Money Market Personal Account pays a similar rate as the regular savings account, but you can make up to six free monthly transactions. You’ll need to maintain a $2,500 balance to earn interest and waive the monthly fee, though.
How Zapata National Bank Compares
Zapata National Bank vs. Falcon International Bank
Falcon International Bank has more branches and ATMs than Zapata National Bank.
Zapata National Bank has a free checking account, but it charges a $5 monthly service fee on its savings account (unless you qualify to waive it). Falcon International Bank doesn’t charge monthly fees on checking or savings.
If you’d like to open a CD, it could depend on which features you want in an account. Zapata National Bank pays higher CD rates, but Falcon International Bank has lower minimum opening deposit requirements.
Falcon International Bank Review
Zapata National Bank vs. International Bank of Commerce
International Bank of Commerce is one of the largest Hispanic American-owned banks in the US, and it has over 167 branches around Texas and Oklahoma. It’s a good option if you want to work with a big bank or if you frequently travel around the state.
International Bank of Commerce is also the clear winner if you’re searching for higher interest rates on bank accounts. Its savings and money market account accounts also have lower minimum opening deposit requirements.
International Bank of Commerce Review
Why You Should Trust Us: How We Reviewed Zapata National Bank
At Personal Finance Insider, we rate savings, checking, CD, and money market accounts using our banking methodology and CD methodology.
Each account receives a rating between 0 and 5. We evaluate a bank’s ethics, customer service, and mobile app for all accounts. We also consider different features for specific types of bank accounts. For example, we look at overdraft fees for checking accounts and interest rates for savings accounts.
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