Citizens State Bank review: Hispanic American-owned bank in Texas with high-yield checking and savings

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Citizens State Bank is a Hispanic American-owned bank with 2 branches.

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The bottom line: Citizens State Bank Personal Checking Account is a worthwhile option if you live in Roma or Rio Grande City, Texas, and want to use a Hispanic American-owned bank. The most competitive products are its Kasasa checking and savings accounts.

Overall bank rating

FeatureInsider rating (out of 5)Checking3.25Savings3CD3.5Money market account3.25Kasasa accounts5Trustworthiness4Total3.67

Pros and cons

ProsConsHispanic American-owned bankPays competitive interest rate on longer-term CDsKasasa accounts with high-yield and cash-back optionsOnly 2 branches and ATMs in TexasMonthly/quarterly fees (unless you qualify to waive them)Only 3 free withdrawals per quarter from the regular savings accountLow savings interest rate


Citizens State Bank Personal Checking Account

You can waive the monthly fee by keeping at least $500 in your Citizens State Bank Personal Checking Account. Keep an eye out for other fees, though – you’ll pay $2 per month for every ATM card attached to the account, and at least $5.95 monthly if you set up automatic bill pay.


Citizens State Bank Personal Savings Account

You can waive the $20 quarterly fee on your Citizens State Bank Personal Savings Account by maintaining a $300 daily balance. You’re limited to three withdrawals per quarter, though, then you’ll pay $4 per transaction. You’ll also earn a significantly higher interest rate with the bank’s Kasasa high-yield savings account.


Citizens State Bank Certificate of Deposit

The Citizens State Bank Certificate of Deposit is a good option if you have at least $1,000 to get started. You’ll need to use another bank if you want a term longer than three years, though.

Money market account

Citizens State Bank Money Market Checking Account

The Citizens State Bank Money Market Checking Account pays the same interest rate as the regular savings account, and you can make six withdrawals per month instead of three each quarter. The account is probably only a good fit if you can keep $2,000 in your account, though – otherwise, you won’t earn interest, and you’ll pay a $10 monthly fee.

How Citizens State Bank works

Citizens State Bank Personal Checking Account is a Hispanic American-owned bank with a branch in Roma and Rio Grande City, Texas. There is a free ATM at each location.

Call or visit the drive-thru Monday through Friday from 8:30 a.m. to 5:00 p.m., or Saturday from 9:00 a.m. to 1:00 p.m. Branch lobbies don’t open until 9:00 a.m. on weekdays and are closed on Saturdays.

The bank has its own accounts, but it also has three Kasasa accounts: a high-yield savings account, high-yield checking account, and cash-back checking account.

Kasasa is a financial services company that partners with small banks and credit unions so the institutions can offer customers more competitive products. Citizens State Bank’s Kasasa accounts are more competitive than its regular accounts, but each one has its limits. For example, you’ll earn 2% cash back with the cash-back Kasasa account – but only up to $7.50 per month. Learn more about the bank’s Kasasa accounts here.

The bank does not have a mobile app.

Your deposits are FDIC insured for up to $250,000, or up to $500,000 for joint accounts.

Is Citizens State Bank trustworthy?

Citizens State Bank does not have any public controversies.

At Insider, we usually evaluate banks’ trustworthiness based on their grades from the Better Business Bureau. The BBB has not assessed Citizens State Bank yet, though.

You may want to ask friends and family about their experiences with Citizens State Bank, or read online customer reviews.

How Citizens State Bank compares

We’ve compared Citizens State Bank to two other Hispanic American banks in the same cities: Lone Star National Bank and Rio Bank.

To learn more about the role of Hispanic American-owned institutions in working with underserved communities, read our guide on Hispanic American-owned banks and credit unions.

Texas branches

2 (Roma, Rio Grande City)

Texas branches

33 (Brownsville, Edinburg, Harlingen, Hidalgo, McAllen, Mission, Pharr, Rio Grande City, Roma, San Antonio, South Padre Island, Weslaco)

Texas branches

15 (Brownsville, Edcouch, Edinburg, Elsa, Harlingen, Palmview, Rio Grande City, Roma, San Juan, McAllen, Weslaco)

Standout feature

Kasasa accounts

Standout feature

Large presence in Texas, large ATM network

Standout feature

Large ATM network

Citizens State Bank Personal Checking AccountLone Star National Bank Smart Choice Checking AccountRio Bank Bonus Checking Account

Your choice between the three banks could come down to where you live in Texas. Lone Star and Rio have more branches than Citizens State Bank. They are also both part of the Allpoint ATM network, giving you access to over 55,000 free ATMs around the US. These two banks could be more convenient options if you regularly travel.

You may like Citizen State Bank’s Kasasa accounts, though. The Kasasa accounts have more perks than any of three banks’ regular accounts.

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