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Lone Star National Bank Review: Overall Rating
|Feature||Insider rating (out of 5)|
|Money market account||2.75|
Lone Star National Bank Pros and Cons
About Lone Star National Bank
Lone Star National Bank is a Hispanic American-owned brick-and-mortar institution with 38 locations in South Texas. The institution has locations in:
- Rio Grande City
- San Antonio
- South Padre Island
The bank has free ATMs in Texas and is a member of the Allpoint ATM network, with free machines around the US.
The mobile app has 3.3 out of 5 stars on the Google Play store but just 1.6 out of 5 stars on the Apple store. However, there aren't many reviews of the app on either marketplace.
You can reach Lone Star customer service by phone Monday through Friday, 7:45 a.m. to 6:30 p.m. CT, and on Saturday from 9 a.m. to 1 p.m. CT.
Your deposits are FDIC-insured for up to $250,000 for an individual account and $500,000 for a joint account.
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.
Lone Star National Bank has an ATM truck to make ATM services accessible to the community.
Is Lone Star National Bank Trustworthy?
The Better Business Bureau gives Lone Star National Bank an A+ rating. A great BBB grade means a company advertises truthfully, is open about business practices, and responds effectively to consumer complaints.
However, a solid BBB rating doesn't ensure you'll have a good relationship with a bank. You might want to read online customer reviews or reach out to family and friends to hear about their experiences with Lone Star.
Lone Star doesn't have any recent public controversies.
Between its top-notch BBB grade and sparkling history, you might determine that Lone Star is the right bank for you.
Lone Star National Bank FAQs
Is Lone Star National Bank legit?
Lone Star National Bank is a legitimate financial institution. It is FDIC-insured, which means your insured deposits are secure if the bank fails. Up to $250,000, per depositor, per category is secure in Lone Star National Bank accounts.
Is Lone Star National Bank a good bank?
Lone Star National Bank may be a good option if you live in South Texas and prefer local brick-and-mortar financial institutions over national banks. Lone Star National Bank also might be worth considering if you appreciate banking with a Hispanic American-owned financial institution.
What is the monthly fee for Lone Star National Bank?
Lone Star National Bank Reviews
Lone Star National Bank Savings Account
You might like the
Lon Star National Bank Checking Account
You can also choose from two other checking accounts, including one that will pay you tier-based interest rates on your balance, but keep in mind these accounts have higher monthly service fees (unless you qualify to waive them).
Lon Star National Bank CD
Lone Star pays average CD rates for most terms, but the rates are lower than what you'll earn with many of the best online banks. If you want a term shorter than six months or longer than five years, you'll have to consider another bank.
Lon Star National Bank Money Market Account
How Lone Star National Bank Compares
Lone Star National Bank vs. Falcon International Bank
Lone Star National Bank will probably be a better option if you value having a robust branch network. It has more branch locations and ATM access than Falcon International Bank.
However, Falcon International Bank may be more suitable if you prioritize free checking and savings accounts. Lone Star National Bank checking and savings accounts have monthly service fees. Most of the Lone Star National bank accounts allow you to waive monthly service fees, but you'll typically need to meet certain minimum balance requirements.
Lone Star National Bank vs. Rio Bank
Lone Star National Bank has 38 locations while Rio Bank only has 15 branches. If you're searching for a bank with branches close to home, Lone Star National Bank might be the better choice between the two banks.
For strong checking account options, you might prefer Rio Bank. At Rio Bank, the
Why You Should Trust Us: How We Reviewed Lone Star National Bank
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 different features for specific types of bank accounts. For example, we look at overdraft fees for checking accounts and early withdrawal penalties for CDs.