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Falcon International Bank Review: Overall Rating
| Feature | Insider rating (out of 5) |
| Savings | 3.75 |
| Checking | 3.5 |
| CD | 3.75 |
| Money Market | 3.5 |
| Trustworthiness | 5 |
| Total | 4 |
Falcon International Bank Pros and Cons
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About Falcon International Bank
Falcon International Bank is a Hispanic American-owned bank in Texas. There are 18 branches scattered throughout the state and two representative offices in Monterrey, Mexico, and Guadalajara, Mexico.
You can find branch locations in the following cities:
- Laredo
- Del Rio
- Eagle Pass
- San Antonio
- Brownsville
- Buda
- McAllen
- Zapata
Around 24 free ATMs are available in eight 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 a.m. to 5 p.m. CT on weekdays and from 9 a.m. to 1 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 contact information.
The Falcon International Bank mobile app has 3.8 out of 5 stars on the Apple Store and 4.0 out of 5 stars on Google.
The bank's website also has the option of translating the page to Spanish if you'd prefer.
Since Falcon International Bank is an FDIC member, deposits are insured up to $250,000 for individuals and up to $500,000 for joint accounts.
The Role of Hispanic American-led Institutions
Hispanic American-led financial institutions offer local products and services geared toward Hispanic American and underserved communities. At Falcon International Bank, customer support and website features are available in Spanish and English.
These banks are also often more closely tied to these communities than national banks. Falcon International Bank leaders and staff have volunteered locally at the American Cancer Society, Leadership Laredo, South Texas Food Bank, and more. The bank also hasn't gone through any public controversies in recent years.
Is Falcon International Bank Trustworthy?
We use ratings from the Better Business Bureau to help you better understand how these institutions deal with customer disputes. Falcon International Bank has an A+ rating from the BBB.
Keep in mind that a good BBB rating doesn't guarantee that your relationship with a bank will be great. Make sure to also get feedback from friends, families, or online reviews to see if a bank is right for you.
Falcon International Bank FAQs
Is Falcon International Bank legit?
Falcon International Bank is a legitimate bank. Its bank accounts are federally insured for up to $250,000 per depositor, per account category.
Is Falcon International Bank a good bank?
Falcon International Bank may be a good option if you value banking with a Hispanic-American-led financial institution in Texas. If you're strictly looking for the most competitive savings rates, online banks will likely offer higher rates right now.
Who is the CEO of Falcon International Bank?
Gilbert Narvaez, Jr. is the president and CEO of Falcon International Bank.
Falcon International Bank Account Reviews
Falcon International Bank Statement Savings Account
The
Falcon International Bank Regular Checking Account
The
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 CD
Falcon International Bank offers a wide array of CD term options, from 30 days to 5 years. However, CDs require a
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.
Falcon International Bank Money Market Account
The
How Falcon International Bank Compares
Falcon International Bank vs. Bank of South Texas
Falcon International Bank has more branch locations but fewer ATMs than Bank of South Texas.
Bank of South Texas offers more checking account options, including one that accumulates interest and another that is designed for customers age 55 and older. However, if you want a checking account that has zero monthly fees, then you may be more interested in Falcon International Bank. Depending on your needs, one bank may be a better choice.
Falcon International Bank vs. Texas National Bank
Texas National Bank offers higher rates for savings, money market, and CD accounts. However, if you're looking for an account with a lower opening deposit, or with a greater variety of term options for CDs, then Falcon International Bank may stand out more to you.
You should also keep in mind branch locations and offerings. Falcon International Bank has more branch locations and offers longer customer service hours. However, Texas National Bank has more ATMs available.
Why You Should Trust Us: How We Reviewed Falcon International 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 early withdrawal penalties for CDs.