US Century Bank: Full Review

If you live in South Florida and are looking for a bank that offers services for Latinos (made by Latinos in the United States), US Century Bank could be an option to consider. This bank, created in 2002 in El Doral, has a complete package, from a certificate of deposit with a moderately attractive savings interest rate (although it does not surpass online banks) to mortgage loans created especially for immigrants. The best part? US Century Bank does not charge, in many cases, a monthly maintenance fee, which makes it an alternative to save.

US Century Bank

What is US Century Bank and how does it work?

US Century Bank is a bank founded by Hispanic Americans in Florida. It could be said that it is a relatively small bank, since it only has 13 branches in cities such as Hialeah, Miami, Hollywood, Coral Gables, Miami Lakes and Aventura.

His ATM network is much broader than one might think, thanks to the alliances it has formed with CUHere, SUM, Mastercard, NYCE and Pulse. As for assets, it’s pretty healthy, at least for being so small. According to the latest financial reports, manages almost a billion dollarssomething that makes it a medium-sized financial institution.

US Century Bank Review

To determine if US Century Bank is worth it, you would have to Analyze what types of bank accounts you offer and what are its characteristics. In this way, you will be able to compare your bank portfolio with those of other banks in Florida or the United States.

US Century Bank Savings Account

Many banks offer good savings accounts, but these are often subject to a monthly maintenance fee. The US Century Bank personal savings account is not one of them. In this case, the client will only have to pay $10 every three months to keep their account active.

However, it is important to note that the rate of this account is not the most attractive in the country. There might be a high-yield savings account out there that offers you a better return on investment.

To carry out:

  • $250 minimum deposit
  • 0.05% savings rate
  • Charge a quarterly fee of $10
  • It’s easy to get that fee down to $5

US Century Bank Checking Account

Although there are banks that give money for opening an account, they are relatively few. Most of the best banks for Latinos in the United States usually charge a monthly or quarterly maintenance fee. US Century Bank is one of the few that exempts the user from paying a surcharge for this concept, making having a checking account with them is completely free.

To carry out:

  • $100 minimum deposit
  • Overdraft fees of $38
  • No hidden charges or monthly maintenance fees
  • $3 out-of-network debit card fee
  • Offers a link to the savings account to avoid bank overdraft

US Century Bank Certificate of Deposit

Although it is not the best certificate of deposit in the financial market, this is the bank’s flagship product. Its interest rate, in some cases (for 5 years) competes with other banks and credit unions and charges a very low penalty for early withdrawal. The bad part? You need a high opening amount ($1,000).

US Century Bank Money Market Accounts

The US Century Bank Gold money market account is free, at least as long as you maintain a minimum monthly balance of $500. Otherwise, you will have to pay $10 per month for maintenance. As long as you can afford the maintenance payment (or leave $500 in this account) it could be a good option to save money for your emergency fund.

The US Century Bank money market account includes a debit card, plus a checkbook; so you will have quick access to your money in case you need it.

To carry out:

  • $500 minimum deposit
  • $10 monthly maintenance fee
  • $3 out-of-network debit card fee
  • Maintenance fee may be waived with monthly balance equal to or greater than $500

US Century Bank APY

The savings rate or APY (Annual Percentage Yield) of US Century Bank is quite low, at least if we compare it with other American banks. How much does a certificate of deposit pay? A maximum of 0.55% to one year and 1.10% to 5 years. Money market accounts are around 0.25%.

US Century Bank Fees

One of the strongest attractions of US Century Bank is that almost no commissions, at least compared to the most popular banks in the USA (with an average of $3.21). Regrettably, does not reimburse charges for operations at ATMs that are outside its network and this is a shame because they don’t have as many ATMs as other banks.

Keep reading: Bank hours in the United States

US Century Bank Customer Service

US Century Bank is a very traditional bank. Here you won’t find live chat tools, a 24/7 Spanish phone or premium customer service for high-end customers. If you want to access their services, you will have to visit one of their branch officesdial the number of Customer Support during office hours or download your mobile appavailable for iOS and Android.

US Century Bank Mobile App

The US Century Bank mobile application is similar to other classic banks, such as Bank of America, Chase Bank or Citibank. Through it, customers can manage their accounts with the facilities of online banking:

These same services are also available through online banking. You will only have to log in with your credentials on the official page of US Century Bank.

US Century Bank in Spanish phone: 1-305-712-5200

US Century Bank offers a customer service in Spanish that you can access by calling the main number 1-305-712-5200 Monday through Friday, 8:30 am to 6:00 pm EST. If you have a specific question or problem, such as reporting a lost or stolen credit card, or perhaps that you are a victim of identity theft, please call the following numbers:

US Century Bank phone in Spanish
query or problem Telephone Schedule
Telephone center for general inquiries 1-305-715-5200 Monday through Friday, 8:30 a.m. to 6:00 p.m. EST
Account information 1-888-488-8980 24 hours a day, 7 days a week
Business banking or corporate loans 1-305-715-5200 Monday through Friday, 8:30 a.m. to 6:00 p.m. EST
Online banking, mobile banking support and bill payment 1-305-715-5300 Monday through Friday, 8:30 a.m. to 6:00 p.m. EST
Report a lost debit or credit card 1-800-500-1044 24 hours a day, 7 days a week
Other personal banking services 1-305-715-5303 Monday through Friday, 8:30 a.m. to 6:00 p.m. EST
Cash and check management 1-305-715-5300 Monday through Friday, 8:30 a.m. to 6:00 p.m. EST

U.S. Century Bank Branches

As we said before, US Century Bank has few physical branches in the country. We leave you the list of offices so you can find the one closest to you in case you need personalized attention, cash a check, withdraw cash from your accounts, etc.

U.S. Century Bank branches
US Century Bank Direction Telephone Schedule
Central bank in El Doral 2301 NW 87th Avenue

Miami, FL 33172

1-305-513-3733 From Monday to Thursday, from 9:00 a.m. to 4:00 p.m.

Friday, from 9:00 a.m. to 5:00 p.m.

Milam Dairy Banking Center 5115 NW 72nd Avenue

Miami, FL 33166

1-305-594-9123 From Monday to Thursday, from 9:00 a.m. to 4:00 p.m.

Friday, from 9:00 a.m. to 5:00 p.m.

Bird Road Banking Center 8615 SW 40th Street

Miami, FL 33155

1-305-222-1267 From Monday to Thursday, from 9:00 a.m. to 4:00 p.m.

Friday, from 9:00 a.m. to 5:00 p.m.

East Hialeah Banking Center 1100 East Fourth Avenue

Hialeah, FL 33010

1-305-888-8882 From Monday to Thursday, from 9:00 a.m. to 4:00 p.m.

Friday, from 9:00 a.m. to 5:00 p.m.

Coral Gables Banking Center 396 Alhambra Circle

Coral Gables, FL 33134

1-305-448-5557 From Monday to Thursday, from 9:00 a.m. to 4:00 p.m.

Friday, from 9:00 a.m. to 5:00 p.m.

Coral Way Banking Center 13780 Coral Way

Miami, FL 33175

1-305-228-9070 From Monday to Thursday, from 9:00 a.m. to 4:00 p.m.

Friday, from 9:00 a.m. to 5:00 p.m.

Hialeah Gardens Banking Center 3198 W 76 Street

Hialeah, FL 33018

1-305-819-8682 From Monday to Thursday, from 9:00 a.m. to 4:00 p.m.

Friday, from 9:00 a.m. to 5:00 p.m.

Dadeland Banking Center 8201 South Dixie Highway

Miami, FL 33143

1-305-669-4766 From Monday to Thursday, from 9:00 a.m. to 4:00 p.m.

Friday, from 9:00 a.m. to 5:00 p.m.

Miami Lakes Banking Center 15503 NW 67th Avenue

Miami Lakes, FL 33014

1-305-231-3237 From Monday to Thursday, from 9:00 a.m. to 4:00 p.m.

Friday, from 9:00 a.m. to 5:00 p.m.

Adventure Banking Center 18201 Biscayne Blvd

Adventure, FL 33160

1-305-405-6326 From Monday to Thursday, from 9:00 a.m. to 4:00 p.m.

Friday, from 9:00 a.m. to 5:00 p.m.

Hollywood Banking Center 3999 Sheridan Street

Hollywood, FL 33021

1-954-962-8707 From Monday to Thursday, from 9:00 a.m. to 4:00 p.m.

Friday, from 9:00 a.m. to 5:00 p.m.

US Century Bank Hours

US Century Bank has fairly limited hours, both for phone and in-person service. Bank offices are open Monday through Thursday from 9:00 a.m. to 4:00 p.m. and Friday from 9:00 a.m. to 5:00 p.m. m.; while the telephone switchboard numbers (for non-urgent inquiries) work only from Monday to Friday, from 8:30 am to 6:00 pm EST.

Advantages and disadvantages of US Century Bank

Before we say goodbye, we would like to highlight the US Century Bank pros and cons. We leave you this comparative table with the main advantages and disadvantages to highlight:

Advantages and disadvantages of US Century Bank
Advantages Disadvantages
Bank created by Spanish speakers. They know the needs of immigrants in the USA Only available in South Florida
Competitive interest rates for 5-year CDs Low interest rate on your savings accounts
Free checking account with no maintenance fees Charge monthly or quarterly service fees on some accounts

Alternatives to US Century Bank

US Century Bank is not the only Hispanic American bank in Florida. Thinking of making your choice a little easier, we have decided to compare it with two other equally good options: Ocean Bank and Popular Bank. In this way, you will know which one best suits your needs.

US Century Bank vs. Ocean Bank

Both Ocean Bank and US Century Bank have a good deal on checking accounts. But nevertheless, terms of US Century Bank certificates of deposit win.

Now, while US Century Bank only has 13 branches in Florida, Ocean Bank keeps 23 open. If you need a bank that has the most presence in the southern state, you may want to take a look at the Ocean Bank catalog.

US Century Bank vs Popular Bank

Popular Bank dethrones US Century Bank, or at least its flagship product: certificates of deposit. In this case, Popular Bank offers a more attractive rate. Additionally, it works with a rewards program that compensates the monthly fees it charges for accessing some of its products.

And here comes the negative part: in order to participate in this loyalty program, there is a minimum limit of money. This would be the strong point, at least in this comparison, of US Century Bank: if you don’t have enough money, you can open an account with them and also forget about maintenance fees.

Is US Century Bank trustworthy?

Arguably yes. In addition to having your deposits insured by the FDIC (Federal Deposit Insurance Corp) for a total amount of up to $250,000 per saver ($500,000 for joint accounts), has no recent public complaints or controversies.

In fact, the Better Business Bureau has crowned it with a A+ rating for trust. The Texas index, on the other hand, has given it a rating of 1.39%, meaning it considers it a bank with a very low risk of going bankrupt.

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