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Save more. Earn more.
Open a Banesco USA Money Market Account and earn more.
Trust Banesco USA to help you meet your savings goals and build your future, your way.
5.00
%
APY*
High Yield
Money Market Account
*Annual Percentage Yield
About Us
Banesco USA is an FDIC-insured bank founded in 2006 as a partner company to Banesco International, an international brand with more than 30 years of experience in banking, insurance and payment methods. Headquartered in South Florida, Banesco USA has $3 billion in assets and earned BauerFinancial’s 5 Star “Superior” rating, the highest possible rating based on an independent review and analysis of the bank’s financial data.
Open Account
Low minimum deposit to open
Open your Money Market account with as little as $2,500. Higher initial deposits accepted.
Anytime, anywhere account access
Log in to online banking and our mobile banking app to pay bills, send and receive money with Zelle®.
Open your account online if you:
- Are a U.S. citizen or resident alien
- Are a resident from any of these states: Indiana, Michigan, Ohio or Texas
- Are at least 18 years of age
- Have a valid Social Security Number
- Have a valid Indiana, Michigan, Ohio or Texas driver’s license or state-issued photo ID
Frequently Asked Questions
Is Banesco USA a bank?
Yes! We are an FDIC-insured bank headquartered in South Florida with more than $3 billion in assets. For more than 17 years, we’ve served the banking needs of individuals and businesses in Florida and Puerto Rico.
Why is a Florida bank offering to open an account for Indiana, Michigan, Ohio and Texas residents?
We’ve invested in secure digital technologies to make it possible for people like you, who don’t live near one of our branches, to open an account online and earn some of the most competitive interest rates in the nation. Plus, you can access your money 24/7/365 in online banking and our mobile banking app, pay bills online send and receive money with Zelle®, use your free VISA® Debit Card to pay for purchases online and in person at your favorite local stores, get electronic statements and a lot more.
Can I add money to a Money Market account?
Yes. You can deposit additional funds into your BanesFlex Money Market account at any time using BanescoMobile check deposit or transferring funds into your account from your account at another bank.
Is a BanesFlex Money Market account free?
Our personal BanesFlex Money Market account features free eStatements, free BanescOnlinebanking1, free BanescoMobile1, free online Bill Pay1 and a free VISA® Debit Card. There is a $5 monthly maintenance fee that you can avoid by maintaining a $2,500 minimum daily balance in the account.
Can I withdraw money from a BanesFlex Money Market account?
Yes. You can withdraw funds surcharge-free using your VISA® Debit Card at BanescoUSA ATMs, Allpoint® ATMs and ATMs that are part of the VISA® Global network. You can also transfer funds using BanescOnline or BanescoMobileor scheduling one-time or recurring payments in Online Bill Pay. Since a BanesFlex Money Market account pays you a competitive interest rate, there are some limitations on withdrawals2
What is “new money”?
New money is money not currently on deposit with Banesco USA.
How do I make a deposit to open a BanesFlex Money Market account online?
When you complete our convenient online account opening, you can easily link your accounts at other financial institutions with Plaid®.
Is my money safe?
All Banesco USA deposit accounts, including Money Market accounts, are FDIC-insured up to the standard maximum amounts: $250,000 for an account owned by one person and up to $250,000 per owner for an account owned with someone else, like a husband and wife. The FDIC (Federal Deposit Insurance Corporation) was established in 1933 as a U.S. government agency that protects depositors against the loss of their deposits if an FDIC-insured bank fails. The coverage is automatic beginning on the day you open your account.
Terms and Conditions:
Offer available in the following states: Indiana, Michigan, Ohio and Texas to U.S. residents or resident aliens.
Offer valid only for new accounts and for new money which is funds not currently deposited at Banesco USA. All Banesco USA products and services are subject to applicable customer agreements, terms, conditions, disclosures and application requirements. Annual Percentage Yield (APY) is subject to change at any time without notice. Money Market Account: Minimum deposit of $2,500.00 to open this account. A maintenance fee of $5.00 will be imposed every month if the average daily balance for the statement cycle falls below $2,500.00. You must maintain a minimum daily balance of $300.00 in the account each day to obtain the disclosed APY. Fees may reduce earnings.
Some services require enrollment.
2 Banesco USA does not charge a fee to use online banking or to download or use the mobile banking app. Check with your wireless carrier for data usage and other charges. Account transaction fees apply. Refer to the Schedule of Fees and Service Charges.
3 Transaction Limitations: You may make 6 withdrawal(s) from your Money Market account every statement cycle. This limitation applies to Online Banking and Mobile Banking transfers or payments, automatic or pre-authorized transfers, telephone transfers, drafts or debit card transactions. Any withdrawals or transfers exceeding this limitation will incur a $10.00 fee per transaction. The preauthorized or automatic transactions may be initiated by telephone banking, online or mobile banking or standing order. Limit does not apply to in-person withdrawals or withdrawals at an ATM.
Zelle(R) and the Zelle(R) related marks are wholly owned by Early Warning Services, LLC and are used herein under license.