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Note: In September 2023, the Board of Governors of the Federal Reserve System approved an application for Emigrant Bancorp, Inc. to acquire Plus International Bank.
Plus International Bank Review: Overall Rating
| Feature | Insider rating (out of 5) |
| Checking | 2.75 |
| Savings | 3 |
| CD | 3.5 |
| Money market account | 3 |
| Trustworthiness | 4 |
| Total | 3.25 |
Plus International Bank Pros and Cons
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About Plus International Bank
Plus International Bank is a Hispanic American-owned bank with one branch in Miami. It doesn't have an ATM network; it won't charge you for using an ATM, but the ATM provider might.
In September 2023, the Board of Governors of the Federal Reserve System approved an application for Emigrant Bancorp, Inc. to acquire Plus International Bank. Emigrant Bank is not on the FDIC's most recent minority depository institution list.
To contact customer support, call or visit a branch Monday through Friday, 9:00 a.m. to 4:00 p.m. The bank doesn't have a mobile app.
Your deposits are FDIC-insured for up to $250,000, or up to $500,000 for joint accounts.
The Role of Hispanic American-led Banks
Many Hispanic American banks and credit unions provide services in both English and Spanish. There is a history of racial prejudice in banking and lending, specifically among Hispanic Americans, so working with a Hispanic American institution can help eliminate unfair bias.
Some of these institutions make it possible to open accounts if you are an immigrant or non-US citizen. Plus International Bank does require a Social Security number to open an account, but you can see a full list of banks that accept applications from immigrants and noncitizens without SSNs.
Is Plus International Bank Trustworthy?
Plus International Bank does not have any public controversies.
Usually, we include Better Business Bureau grades to assess bank's trustworthiness. The BBB has not evaluated Plus International Bank yet, though.
You may want to ask friends and family about their experiences with the bank, or read online customer reviews.
Plus International Bank Account Reviews
Plus International Bank Checking Account
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Plus International Savings Account
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Plus International Bank CD
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Plus International Bank Money Market Account
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How Plus International Bank Compares
Plus International Bank vs. Interamerican Bank
You may prefer Interamerican Bank over Plus International Bank if you value a larger branch network because it has more locations in the state of Florida. Interamerican Bank also has free ATM networks, unlike Plus International.
Plus International Bank might be worth considering if you're searching for a variety of CD terms. It has more options than Inter-American Bank, including terms from 30 days to 5 years.
Plus International Bank vs. Ocean Bank
Ocean Bank has more branches in Florida than Plus International Bank, so it may be a more convenient option for you. It also has bank accounts with lower minimum opening deposits, so it also might be more appealing if you don't have a lot of money to deposit upfront.
If you're specifically looking to open a CD, it could be a toss-up between the two banks. Both banks offers a variety of CD terms. Ocean Bank has some promotional CDs with high interest rates, but Plus International Bank still might be worth considering if you want low early withdrawal penalties.
Why You Should Trust Us: How We Reviewed Plus 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.