Frost Bank Review

Overview

Frost Bank is one of the biggest banks in Texas. It is located in San Antonio and was founded in 1899. The bank does not have any ATMs or locations outside of Texas.

The bank offers personal banking services such as checking accounts, savings accounts, mortgages, money market accounts, certificates of deposit and personal loans.

The bank employs over 4,000 full-time employees in 146 offices in Texas. It has amassed loans and leases worth $13,00 billion.

Interest rates on the bank’s accounts are competitive. Their CDs are especially attractive. Moreover, the bank offers lots of great features, including free overdraft protection transfers.

Frost Bank has earned 4 out of 5 stars for safety and soundness.

Products and services

• Personal Banking (Checking, Personal Loans, Savings & Money Market Accounts, CDs (Certificates of Deposit), Gift Cards, Mortgages & Lot Loans, Private Banking, Personal Account, Online & Mobile Banking);
• Personal Investments;
• Personal Insurance (Insurance providers include Chubb, ACE, Travelers, AIG, Central, Safeco, Nationwide Private Client, PURE);
• Business Banking (Checking, Loans & Financing, Savings & Money Market Accounts, Frost at Work, CDs (Certificate of Deposit), Treasury Management, Cards, Correspondent Services, Business Checking, Cash Manager, Merchant Services);
• Business Investments (Asset Management, Brokerage Services, Oil & Gas Management, Real Estate Management);
• Business Insurance (Property And Casualty).

Does the bank have a mobile app?

Yes. With Frost Bank’s mobile app, you can send money to anyone in the U.S., deposit checks with your phone, pay bills on the go, transfer money anywhere in the U.S., see all your accounts in one place, check balances on your Apple Watch, see your latest account activity, freeze and unfreeze your debit card, log in with biometrics, set travel notices with a few taps, tap to talk to Frost 24/7 right here in Texas, find one of over 120 financial centers and 1,200 Frost ATMs across Texas, enjoy views from across the Lone Star State.

Where can I find Frost Bank?

The bank operates only in Texas. So you can become their client if you live in the following areas:

• Austin
• Corpus Christi
• Dallas/Fort Worth
• Houston
• Permian Basin
• Rio Grande Valley
• San Antonio

Mailing Address:

P.O. Box 1600
San Antonio, Texas 78296

Billing Inquiries:

P.O. Box 34746
San Antonio, TX 78265

Customer Service Specialists:

(800) 513-7678

Internet Banking Specialists:

(877) 714-4932

How to open an account with Frost Bank?

To open a savings account, you should call (866) 376-7889 or visit your local bank’s branch and bring with you:

• your state-issued photo ID such as a state ID, driver’s license, or U.S. Military ID;
• a minimum $50 opening deposit;
• your Social Security number.

How can I save more money with Frost Bank?

One of the best ways to save more with Frost Bank is to put your money in a certificate of deposit (CD). The bank offers quite good rates on its CDs. A 2-year CD earns 0.28%, with a starting deposit of $1,000, and no fees if you keep your funds in the account for the entire period.

Conclusion

Since Frost Bank operates only in Texas, it’s a good choice for residents living in Austin, Corpus Christi, Dallas/Fort Worth, Houston, Permian Basin, Rio Grande, Valley, and San Antonio. Even though it’s not a big bank, it still offers up-to-date technology. Residents of other states will probably need to search for another bank because of its limited locations.

Besides, this bank might not be a good choice for you if you prefer the wider range of financial products available at larger national banks. You’ll also need to select another bank if you travel a lot and need a bank operating all across the USA.

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• Wesley Cook