Gulf Coast Bank and Trust Company Review

Overview

Gulf Coast Bank and Trust Company first started operating in 1990 with its headquarters in New Orleans, Louisiana. Gulf Coast Bank and Trust Company manages assets of $3.03 billion and $2.55 billion in deposits, classifying it as a large bank. Gulf Coast Bank and Trust Company lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. Coming in at a commendable 4.1 out of 5 stars, Gulf Coast Bank and Trust Company is a respectable bank that should be given a look. Gulf Coast Bank and Trust Company offers a diverse array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Gulf Coast Bank and Trust Company has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, the bank's most basic checking account does not have a monthly maintenance charge. Using a bank with no-fee checking as well as a high savings APY is the best bet for gaining the most income on your deposits alongside easy access to your funds.

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Gulf Coast Bank and Trust Company features a savings rate of 0.20%, which is poor in comparison to the national average. Gulf Coast Bank and Trust Company's one-year CD has a rate of 4.80%, while its highest-yielding money market account has an APY of 3.60%. Given its poor savings rate, you should consider taking a look at other banks for savings accounts.

How Gulf Coast Bank and Trust Company's Savings Rates Compare

Gulf Coast Bank and Trust Company charges its customers low fees in comparison to the national average. Its checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. Also, at $35.00, its overdraft fee is lower than the average U.S. overdraft fee. Gulf Coast Bank and Trust Company doesn't reimburse out-of-network ATM charges, which means you will have to locate a Gulf Coast Bank and Trust Company ATM or accept the cost of withdrawal.

Gulf Coast Bank and Trust Company is a brick-and-mortar bank, with 36 total branches in Florida, Louisiana and Texas. With mobile and web apps, Gulf Coast Bank and Trust Company makes account access straightforward, even on the go. It does not offer all-day customer service with actual service representatives. You can get help during its customer service hours, which are Monday through Friday and 8:30 a.m. to 5:00 p.m. PT. Gulf Coast Bank and Trust Company receives fairly high praise from users for its mobile platform. The Gulf Coast Bank and Trust Company mobile app has an overall rating of 4.0 out of 5 (with 52 ratings on Apple and Android) compared to the national average of 3.8. You can utilize Gulf Coast Bank and Trust Company's app to control your accounts by looking at account balances, sending and receiving money and accessing support representatives. Gulf Coast Bank and Trust Company gets an excellent consumer satisfaction score due to comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Gulf Coast Bank and Trust Company is currently a large bank and owns $3.03 billion in assets and $2.55 billion in deposits. It has a strong Texas Ratio of 18.09%, signifying a small possibility of failure. Additionally, Gulf Coast Bank and Trust Company is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

Products Offered

Gulf Coast Bank and Trust Company has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Gulf Coast Bank and Trust Company does not have the best savings rate, which means you should think about taking a look elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Gulf Coast Bank and Trust Company's CD rates are fair in comparison to the national average.

Find a Gulf Coast Bank and Trust Company Near Me

Gulf Coast Bank and Trust Company has 36 physical branches across the U.S.