Zapata National Bank has one branch in Zapata, Texas.
Zapata National Bank; Alyssa Powell/Insider
Table of Contents: Masthead Sticky
Overall bank review
Feature
Insider rating (out of 5)
Checking
3.75
Savings
2.75
CD
3
Money market account
2.75
Trustworthiness
4
Total
3.25
Pros and cons
Pros
Cons
Hispanic American-owned bank
Free checking account
Competitive interest rates on CDs
Only 1 branch and 2 free ATMs
Low interest rates on savings and money market accounts
Monthly service fees on most accounts (unless you qualify to waive them)
High minimum deposits on most accounts
Checking
Zapata National Bank Free Checking Account
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.
Savings
Zapata National Bank Savings Personal Account
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.
CD
Zapata National Bank Certificate of Deposit
The Zapata National Bank Certificate of Deposit pays better rates than many brick-and-mortar banks. However, it offers fewer term options than most institutions - just 91 days, six months, and one year.
Money market account
Zapata National Bank Money Market Personal Account
The Zapata National Bank Money Market Personal Account pays a slightly higher rate than the regular savings account, and 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 works
Zapata National Bank Free Checking Account 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 9:00 a.m. to 4:00 p.m., or Friday from 9:00 a.m. to 5:00 p.m. The bank is not open on weekends.
Your accounts are FDIC insured for up to $250,000, or up to $500,000 for joint accounts.
Is Zapata National Bank trustworthy?
Zapata National Bank Free Checking Account does not have any recent public controversies.
At Insider, we usually include Better Business Bureau grades when evaluating a bank's trustworthiness. 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.
How Zapata National Bank compares
We've compared Zapata National Bank to two other Hispanic American-owned banks in Zapata: Citizens State Bank and International Bank of Commerce.
Zapata
Citizen's State Bank
IBC
Standout feature
High CD interest rates
Standout feature
High CD and savings interest rates
Standout feature
Large presence in Texas
Zapata National Bank Free Checking Account
Citizens State Bank No Frills Checking Account
International Bank of Commerce Free Checking Account
You may prefer Zapata National Bank if you want a small institution with a free checking account.
Citizens State Bank does not have a free checking account, but it does pay better rates on savings and CDs. It also has a checking account that pays a decent interest rate.
International Bank of Commerce is one of the largest Hispanic American-owned banks in the US, and it has over 180 branches around Texas. It's a good option if you want to work with a big bank or if you frequently travel around the state. IBC also has a free checking account.
