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FirstBank Puerto Rico: Overall Rating
| Feature | Insider rating (out of 5) |
| Savings | 4 |
| Checking | 4 |
| CD | 4 |
| Trustworthiness | 5 |
| Total | 4.25 |
FirstBank Puerto Rico Pros and Cons
| Pros | Cons |
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About FirstBank Puerto Rico
FirstBank Puerto Rico is a designated minority depository institution, because most of its board members are Hispanic American, and the bank serves a minority community. There are 57 FirstBank branches around Puerto Rico and 319 free ATMs.
Hours vary by branch. All branches are open Monday through Friday, and some are open part of the day on Saturday.
The FirstBank Puerto Rico mobile app has 3.5 out of 5 stars in the Apple store, and 3.4 out of 5 stars in the Google Play store.
Your deposits are FDIC-insured for up to $250,000, or up to $500,000 for joint accounts.
The Role of Hispanic American-led Institutions
Hispanic American-led financial institutions provide local services and products to largely Hispanic American and underserved communities. These banks are also often more closely tied to these communities than national banks.
FirstBank Puerto Rico began the Think First, Think Green program, which focuses on environmental awareness. FirstBank partnered with local organizations, including The Conservation Trust of Puerto Rico and Fundación Amigos de El Yunque.
Is FirstBank Puerto Rico Trustworthy?
FirstBank Puerto Rico doesn't have any public controversies.
The Better Business Bureau gives FirstBank Puerto Rico an A- rating because it has failed to respond to one customer complaint on the BBB website.
BBB grades do not necessarily guarantee you'll have a smooth relationship with a bank, though. You may still want to read online customer reviews or ask friends and family about their experiences with FirstBank Puerto Rico.
FirstBank Puerto Rico FAQs
Is FirstBank Puerto Rico a US bank?
FirstBank Puerto Rico is regulated by the US Federal Deposit Insurance Corporation and Office of the Commission of Financial Institutions of the Commonwealth of Puerto Rico. Its headquarters are located in Puerto Rico, and it has a banking division in Florida.
Is FirstBank Puerto Rico legit?
Yes, FirstBank Puerto Rico is a legitimate bank. It's a Member FDIC financial institution, so up to $250,000 per depositor, per category is protected.
Is FirstBank Puerto Rico the same as FirstBank Florida?
FirstBank Florida is a banking division of FirstBank Puerto Rico. Bank account product and services are different, since FirstBank Puerto Rico is specifically for Puerto Rico residents and FirstBank Florida caters to Florida residents.
FirstBank Puerto Rico Bank Account Reviews
FirstBank Puerto Rico Easy Savings Account
You may like the
The bank also has savings accounts for kids, teenagers, and Christmas savings.
FirstBank Puerto Rico Cuenta Perfecta Checking
FirstBank Puerto Rico has several checking accounts to choose from. You may like the
FirstBank Puerto Rico CD
FirstBank Puerto Rico offers a variety of CD terms and requires a standard
How FirstBank Puerto Rico Compares
FirstBank Puerto Rico vs. Banco Popular de Puerto Rico
Banco Popular de Puerto Rico has more branches than FirstBank Puerto Rico, so it may be more convenient for you. But FirstBank has a variety of checking and savings accounts to choose from, so it's possible you'll find the best fit with this bank.
Banco Popular de Puerto Rico Review
FirstBank Puerto Rico vs. Oriental Bank
FirstBank Puerto Rico has more branches than Oriental Bank, so it may be the better option if there's a location closer to your home. If you want to open a CD, the better interest rate will come down to which term length you want. Compare the banks' accounts to make your decision.
Why You Should Trust Us: How We Reviewed FirstBank Puerto Rico
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.