Legend Bank
If you’re considering opening an account at Legend Bank, there are a few benefits to consider. A low fee structure (0.15%) and 14 banking locations are great benefits, as is the fact that you won’t be charged for using an out-of-network ATM. You can also view your account history, see check images, and receive text alerts. You can even make loan payments online, for free, from your mobile device.
0.15%
While it’s not the highest savings rate in the business, the rate is more than adequate. If you are looking for higher returns, look elsewhere. Legend Bank offers many deposit products, but it doesn’t have the highest savings rate. While CDs are a great option for higher returns, they do have restrictions on how quickly you can access your money. However, the rates are competitive compared to the average U.S. bank. Legend Bank has 10 physical branches throughout the U.S.
The highest-yielding money market account at Legend Bank earns 0.15% APY. This is below the average for other banks. However, it is better than most other banks that charge higher fees for their products. If you have a high interest rate, you should consider switching to a lower-yielding bank. However, it is important to note that Legend Bank is FDIC-insured, so it is safe to deposit your money with them.
14 banking locations
The first century of the financial industry is full of legends. The Legend Bank story is no different. Established in 1897, the bank now has 14 banking locations. The first one opened in Whitesboro, Texas, and is still going strong today. In fact, the bank has been around for 120 years and still provides community banking services today. For more information, visit the Legend Bank website. For more information, call (903) 792-5351 or visit the Legend Bank website.
Employees at Legend Bank make $66,195 a year and average 4.8 years with the company. According to Zippia, the bank’s diversity is among the best in the industry. Eighty percent of its employees are women, compared to just twenty percent of men. Employees are often Austin Peay State University graduates. In addition, the bank recruits a variety of individuals, including graduates. Despite its history and small size, the bank is one of the best places to work if you’re looking for a great career.
The bank’s impressive growth is evident from its growing branch network. As of the second quarter of 2019, Legend has added three new locations: Whitewright, Cooper, and Sherman. Legend plans to open a full-service Sherman location later this month. As of 2019, Legend Bank has grown from six to seventy-nine million dollars. Legend Bank, N.A. has 13 banking locations throughout North Texas. As of 2018, the bank has approximately 175 employees and an A+ health rating.
In addition to traditional banking, Legend Bank offers mobile deposit and mobile banking. Through the mobile app, customers can check their account balances, search recent transactions, transfer cash between accounts, and manage their accounts by text message. For additional convenience, the app allows users to submit check deposits with the camera of their device. Mobile users can use the app to find ATMs and branches near them. The app supports Touch ID/Face ID sign-on experience.
Low fees
Unlike many U.S. banks, Legend Bank charges low monthly service fees for its checking accounts. They also do not reimburse customers for out-of-network ATM fees, so you have to use one of their own ATMs if you plan to withdraw money from an out-of-network location. But, if that’s not important to you, the bank’s low monthly service fees make it a good choice for people who value simplicity.
Savings rates at Legend Bank are average. The highest money market account at the bank earns just 0.15% APY. That’s not very competitive compared to many other banks, but it’s better than nothing. The bank’s low monthly service fees and no monthly maintenance fees mean that customers can enjoy a hassle-free account without worrying about the costs. However, if you’re looking for a higher rate, you’d be better off at other banks.
Mobile banking and mobile deposit are great features at Legend Bank. You can manage your accounts on the go and view check images, account history, and transaction histories. You can even receive alerts and manage your account through text. Loan payments can be made online, and they’re free for registered users. If you need to pay a loan quickly, you can use their app to make a secure payment online. Once you’re registered, loan payments can be made through the bank’s website.
Online banking is another benefit of Legend Bank. It offers mobile and web banking apps for convenient access. Unfortunately, the bank doesn’t offer round-the-clock customer service. Customer support hours are 8 a.m. to 5 p.m. CT on weekdays and 8 a.m. to noon on weekends. Despite its limited customer service hours, Legend Bank’s mobile platform receives moderate praise among its customers. With a four-star rating from the Better Business Bureau, customers find the bank’s online banking platform easy to use.
No out-of-network ATM fees
If you’re a Citibank, SunTrust, or other bank customer, you may want to consider switching to an online bank for reasons other than no out-of-network ATM fees. Some brick-and-mortar bank customers have made the switch to online banking to take advantage of the convenience and higher yields that come with online banking. While consumers often focus on finding the lowest out-of-network ATM fee, all of the 10 largest banks charge fees.
The bank has 10 physical branches in Texas. You can also use mobile or web banking apps to manage your account. However, the bank’s phone and online customer service hours are limited to eight a.m. to five p.m. CT weekdays and eight a.m. to noon CT on weekends. Customers give Legend Bank moderate marks for its mobile platform. Users rated its app 4.4 out of five.
No 24/7 customer service
If you’re looking for a good bank in the U.S., you’ve probably come across Legend Bank. Its rates are low, and its checking account has no monthly fee. But one downside: Legend Bank doesn’t reimburse ATM fees. Instead, you must use its ATMs. Regardless of its mediocre rate, we think it’s a great choice for many people. And the best part? It’s a very easy bank to use!
Legend Bank has 10 physical branches in Texas. It offers its customers mobile and online banking services. However, there are no 24-hour customer service hours. They offer hours of 8:00 a.m. to 5 p.m. CT on weekdays and 8:00 a.m. to noon on weekends. However, customers have moderate praise for their mobile platform. The bank has a 4.3-star rating and offers a full lineup of products.