Zapata National Bank Review 2024
- Overall Rating
- Pros and Cons
- About Zapata National Bank
- Zapata National Bank Account Reviews
- How Zapata National Bank Compares
- Why You Should Trust Us
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Compare Zapata National Bank accountsZapata National Bank Savings Personal Account
The bottom line: Zapata National Bank is a worthwhile option if you want to work with a small Hispanic American-owned bank that has a free checking account. But if you'll need to go to the best online banks to earn the highest savings rates.
Zapata National Bank Review: Overall Rating
| Feature | Insider rating (out of 5) |
| Checking | 3.75 |
| Savings | 2.75 |
| CD | 3 |
| Money market account | 2.75 |
| Trustworthiness | 4 |
| Total | 3.25 |
Zapata National Bank Pros and Cons
| Pros | Cons |
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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 Start banking Zapata National Bank, FDIC Insured. Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Feesno monthly service fee
Annual Percentage Yield (APY)None
Minimum Deposit Amount$50
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. $50 minimum opening deposit
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fees
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. No overdraft fees
- con icon Two crossed lines that form an 'X'. No option to overdraw
- con icon Two crossed lines that form an 'X'. $1.75 out-of-network ATM fee
Zapata National Bank is a worthwhile option if you want to work with a small Hispanic American-owned bank that has a free checking account. But if you'll need to go to the best online banks to earn the highest savings rates.
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 Start saving On Zapata National Bank's site. Zapata National Bank, FDIC Insured. Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Fees$5 monthly service fee
Annual Percentage Yield (APY)up to 0.10%
Minimum Deposit Amount$300
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Includes ATM card
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Able to waive $5 monthly service fee
- con icon Two crossed lines that form an 'X'. $300 minimum opening deposit
- con icon Two crossed lines that form an 'X'. Low interest rate
- con icon Two crossed lines that form an 'X'. $5 monthly service fee
- con icon Two crossed lines that form an 'X'. Only 1 free withdrawal per month, then $2 per withdrawal
Zapata National Bank is a worthwhile option if you want to work with a small Hispanic American-owned bank that has a free checking account. But if you'll need to go to the best online banks to earn the highest savings rates.
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 Start saving Zapata National Bank, FDIC Insured. Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Annual Percentage Yield (APY)1.00% to 1.75%
Minimum Deposit Amount$2,500
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Interest compounded daily
- con icon Two crossed lines that form an 'X'. Low APY
- con icon Two crossed lines that form an 'X'. $2,500 minimum deposit
- con icon Two crossed lines that form an 'X'. Only term options are 91 days, 6 months, and 1 year
Zapata National Bank is a worthwhile option if you want to work with a small Hispanic American-owned bank that has a free checking account. But if you'll need to go to the best online banks to earn the highest savings rates.
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 Start banking Zapata National Bank, FDIC Insured. Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Fees$15 monthly service fee
Annual Percentage Yield (APY)0.00% to 0.10%
Minimum Deposit Amount$2,500
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Able to waive $15 monthly service fee
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. 5 free paper checks per year
- con icon Two crossed lines that form an 'X'. Low interest rate
- con icon Two crossed lines that form an 'X'. $2,500 minimum opening deposit
- con icon Two crossed lines that form an 'X'. $15 monthly service fee
- con icon Two crossed lines that form an 'X'. No debit card
Zapata National Bank is a worthwhile option if you want to work with a small Hispanic American-owned bank that has a free checking account. But if you'll need to go to the best online banks to earn the highest savings rates.
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.
Laura Grace Tarpley, CEPF Personal Finance Reviews Editor Laura Grace Tarpley (she/her) is a senior editor at Personal Finance Insider. She oversees coverage about mortgage rates, refinance rates, lenders, bank accounts, and borrowing and savings tips for Personal Finance Insider. She was a writer and editor for Business Insider's "The Road to Home" series, which won a Silver award from the National Associate of Real Estate Editors. She is also a Certified Educator in Personal Finance (CEPF).She has written about personal finance for over seven years. Before joining the Business Insider team, she was a freelance finance writer for companies like SoFi and The Penny Hoarder, as well as an editor at FluentU. You can reach Laura Grace at ltarpley@businessinsider.com.Learn more about how Personal Finance Insider chooses, rates, and covers financial products and services » Read more Read less Sophia Acevedo, CEPF Banking Reporter Sophia Acevedo is a banking reporter at Business Insider. Sophia joined Business Insider in July 2021. She writes bank reviews, banking guides, and banking and savings articles for Personal Finance Insider. She is also a Certified Educator in Personal Finance (CEPF).Sophia is an alumna of California State University Fullerton where she studied journalism and minored in political science. She is based in Southern California.You can reach out to her on Twitter at @sophieacvdo or email sacevedo@businessinsider.com.Read more about how Personal Finance Insider chooses, rates, and covers financial products and services >>Below are links to some of her most popular stories:- Are banks open today? Here's a list of US bank holidays for 2023
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