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International Bank of Commerce Review: Overall Rating
| Feature | Insider rating (out of 5) |
| Savings | 3.75 |
| Checking | 4 |
| CD | 3.75 |
| Money market account | 3.5 |
| Trustworthiness | 5 |
| Total: | 4 |
International Bank of Commerce Pros and Cons
| Pros | Cons |
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About International Bank of Commerce
International Bank of Commerce (also referred to as IBC Bank) is a Hispanic American-led bank, and division of International Bancshares Corporation. International Bancshares Corporation has 167 branches and more than 257 ATMs in Texas and Oklahoma.
Commerce Bank is also a division of International Bancshares Corporation. Commerce Bank has locations in Laredo, Texas, while International Bank of Commerce has branches throughout Texas and Oklahoma. The two divisions share the same website, but have different wiring numbers, routing numbers, and branch services.
Customer service is available over the phone 24/7.
The International Bank of Commerce mobile app has 4.6 out of 5 stars on the Google Play store and Apple store.
The bank is FDIC insured, so individual accounts are secured up to $250,000.
The Role of Hispanic American 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.
The bank's website lets you change the primary language to Spanish, and international banking services are available if you have family members who live in another country.
Is the International Bank of Commerce Trustworthy?
We use ratings from the Better Business Bureau to see how a bank addresses customer complaints. International Bank of Commerce received an A+ rating from the BBB.
A good BBB rating won't necessarily ensure that your relationship with the bank will be a perfect match. It'd be best to also reach out to friends and family about their experiences with the bank or glance over some online customer reviews.
International Bank of Commerce hasn't been involved in any recent public controversies.
International Bank of Commerce FAQs
Is International Bank of Commerce legit?
International Bank of Commerce is a legitimate financial institution. International Bank of Commerce bank accounts are FDIC-insured for up to $250,000 per depositor, per category.
Who is IBC Bank owned by?
International Bancshares Corporation is the parent company of International Bank of Commerce.
Is IBC a good bank?
International Bank of Commerce may be a good option if you value banking with a financial institution with majority of board members who are Hispanic American. You also might like this bank if you live in Texas or Oklahoma and prioritize a bank with a free checking account.
Is Commerce Bank the same as IBC?
Commerce Bank and International Bank of Commerce are two divisions of International Bancshares Corporation. Commerce Bank has locations in Laredo, Texas, while International Bank of Commerce has locations throughout Texas and Oklahoma. The two banks have the same website.
International Bank of Commerce Reviews
International Bank of Commerce Personal Savings Account
If you can maintain at least $500 in your account, the
You'll want to watch out for withdrawal fees, though. If you exceed two withdrawals per month, you'll be charged $1 for each withdrawal after the limit.
International Bank of Commerce Free Checking Account
The
The account also has the option of overdraft protection, so you can transfer money from your savings account if you overdraw. There's a $12 transaction fee if you use overdraft protection, but it's better than paying the $35 overdraft fee.
International Bank of Commerce CD
International Bank of Commerce has CDs ranging from 30 days to 4 years. While the interest rate is higher than what many brick-and-mortar banks pay, you'll have to deposit at least $2,500 into a CD.
If you want to open a CD with a lower minimum opening deposit, you may prefer one of the accounts on our best CD rates guide.
International Bank of Commerce Check 'N Save Plus Money Market Account
The
Our best money markets accounts guide has some strong contenders if you want to earn higher interest on your account, though.
How International Bank of Commerce Compares
International Bank of Commerce vs. Falcon International Bank
If you're looking for a bank with a large branch network, International Bank of Commerce is a better choice. International Bank of Commerce has over 167 branches; Falcon International Bank has only 17 locations.
Falcon International Bank may be a better option if you're looking for a savings account, though. The
Falcon International Bank Review
International Bank of Commerce vs. Lone Star National Bank
You'll prefer International Bank of Commerce over Lone Star National Bank if you value having a robust branch network. It has over 167 locations, while Lone Star National Bank has 38 branches.
International Bank of Commerce also might be more suitable if you want to avoid monthly service fees on checking accounts. International Bank of Commerce has a free checking account, while Lone Star National Bank checking accounts have monthly service fees, and you'll need to meet certain requirements to waive them.
If you're planning on opening a CD, Lone Star National Bank requires a lower minimum opening deposit.
Lone Star National Bank Review
Why You Should Trust Us: How We Reviewed International Bank of Commerce
At Personal Finance Insider, we rate savings, checking, CDs and money market accounts using a 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'll also consider specific features for specific types of bank accounts. For example, we look at overdraft fees for checking accounts and early withdrawal penalties for CDs.