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  Banco Popular de Puerto Rico Prestige Checking

Banco Popular de Puerto Rico Prestige Checking

in Checking Accounts from Banco Popular de Puerto Rico · Member FDIC

Unaffiliated

Banco Popular de Puerto Rico Prestige Checking

Unaffiliated

in Checking Accounts from Banco Popular de Puerto Rico · Member FDIC

Net Recommendation Score -100%

SUPERMONEY NET RECOMMENDATION SCORE

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Monthly Fee $0 - $12
ATM Fee: Out-of-Network $2
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0.05% - 0.10%

Banco Popular de Puerto Rico Prestige Checking Review

Banco Popular de Puerto Rico Prestige Checking is offered by Banco Popular de Puerto Rico, a bank founded in 1893 and based in New York, NY. Banco Popular de Puerto Rico Prestige Checking is available in 3 states across the USA.

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.10%, and you must keep a minimum balance of $500.
  • Charges a monthly fee. This account charges a monthly maintenance fee of up to $12.
  • $25 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • Free bill pay. Pay your bills to practically anyone in the United States through Banco Popular de Puerto Rico.
  • Hard credit pull. Banco Popular de Puerto Rico may require a hard pull on your credit report to open a checking account.
Banco Popular de Puerto Rico Prestige Checking Pros & Cons
Pros Cons
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • Only available in 3 states.
  • Higher than average wire transfer fees.
  • Monthly service charge.
  • Charges a higher than average fee on out-of-network ATM transactions.
Banco Popular de Puerto Rico Prestige Checking FAQ

Are checking accounts from Banco Popular de Puerto Rico federally insured?

Yes, your Banco Popular de Puerto Rico checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Banco Popular de Puerto Rico Prestige Checking offer?

Banco Popular de Puerto Rico Prestige Checking offers an APY starting at 0.05% and ranging up to 0.10% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $500.

Banco Popular de Puerto Rico Prestige Checking Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.05% - 0.10%

What are the account minimums for Banco Popular de Puerto Rico Prestige Checking?

Banco Popular de Puerto Rico Prestige Checking requires a minimum initial deposit of $25 to open an account.

Banco Popular de Puerto Rico Prestige Checking Account Minimums
Description Amount
Minimum Initial Deposit $25
APY Minimum Balance $500
Minimum Combined Balance to Avoid Monthly Fee $5,000
Minimum Direct Deposit to Avoid Monthly Fee $2,000

What fees does Banco Popular de Puerto Rico Prestige Checking charge?

This account charges a monthly maintenance fee of up to $12.

Banco Popular de Puerto Rico Prestige Checking Fees
Description
Monthly Fee $0 - $12
Paper Statement Fee $2
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $2
NSF Fee $34
Overdraft Protection Fee (per transfer) $5
Overdraft Item Fee $34
Early Account Closure $25
Returned Deposit Fee (Domestic) $10
Debit Card Replacement Fee $5
Bank Teller Fee N/A
Check Cashing Fee N/A
Online Bill Pay Fee $0
Stop Payment Fee $30
Check Image Service N/A
Check Copy $5
Foreign Transaction Fee (Debit Card) 2%
Wire Transfer Fee - Domestic (Outgoing) $35
Wire Transfer Fee - International (Outgoing) $35
Wire Transfer Fee - International (Incoming) $15
Returned Deposit Fee (International) $10
Wire Transfer Fee - Domestic (Incoming) $15
ATM Reimbursement Monthly Limit N/A

What features and perks does Banco Popular de Puerto Rico Prestige Checking offer?

This account includes the following features:

  • Fraud monitoring - Banco Popular de Puerto Rico Prestige Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Banco Popular de Puerto Rico Prestige Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 3 states
  • Florida
  • New Jersey
  • New York

Feature Breakdown

APY Minimum Balance $500
Minimum Combined Balance to Avoid Monthly Fee $5,000
Minimum Direct Deposit to Avoid Monthly Fee $2,000
Minimum Initial Deposit $25
ATM Fee: In-Network $0
Online Bill Pay Fee $0
Check Copy $5
Debit Card Replacement Fee $5
Early Account Closure $25
Foreign Transaction Fee (Debit Card) 2%
Monthly Fee $0 - $12
NSF Fee $34
Overdraft Item Fee $34
Overdraft Protection Fee (per transfer) $5
Paper Statement Fee $2
Returned Deposit Fee (Domestic) $10
Returned Deposit Fee (International) $10
Stop Payment Fee $30
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $35
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $35
ATM Fee: Out-of-Network $2
Bank Account Features
  • IRAs
  • FDIC Member
  • Check Writing
  • Branch Access
  • Bauer Financial A+/A Rating
  • Debit Card
  • Free Bill Pay
  • Fraud Monitoring
  • Mobile Banking
  • Interest Bearing Account
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.05% - 0.10%

Banco Popular de Puerto Rico Prestige Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

-100%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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