Banking

As a BanescoSelect client in Puerto Rico, your banking is an elevated experience

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We understand you have distinct preferences, whether you prefer the ease of digital banking, the personal connection with your BanescoSelect Relationship Manager based in Puerto Rico, or a seamless combination of both. Our approach reflects your individuality, delivering a level of service that aligns with your lifestyle.

As your financial journey progresses, we evolve with you, adapting your BanescoSelect experience to match your changing priorities. Our suite of accounts includes checking, savings, Money Market, and Certificate of Deposit accounts.

BanescoSelect Rewards

Reserved for BanescoSelect clients, rewards increase as the balance in your combined accounts grows. Save on fees, earn higher interest rates, and enjoy additional benefits.

Personal Accounts & BanescoSelect Rewards Business Accounts & BanescoSelect Rewards

Your time is valuable, which is why managing your finances should feel effortless

Our digital platform delivers a secure, real-time experience to move funds, pay bills, and monitor your accounts. Access wire transfers, bill payments, and account-to-account transfers online or through our mobile app. With features such as mobile check deposit, the ability to lock and unlock your Visa Debit Card¹, and customizable account alerts, you maintain control. Automated options, including recurring bill pay and wire transfers, help ensure payments are made on time and without interruption. For everyday transfers, Zelle^® makes it easy to send and receive money between your personal and business accounts.

Visa Debit Card

A metal card designed to make a statement Enjoy the convenience of withdrawing cash at ATMs worldwide. Contactless debit cards offer easy ways to pay for extra convenience and security. Specify personalized debit card usage permissions with Card Controls.¹

Business-exclusive Account Services

With our Online Banking platform, you are able to grant authorized users access to your accounts and define their transaction permissions and limits. Funds availability is streamlined and accelerated with Zelle^® for your small business and Merchant Services. Remote Deposit Capture² expedites receivables processing while eliminating the need to visit a banking center to deposit paper checks. ACH Positive Pay and Check Positive Pay protect against the risk of fraud with automatic authentication before transactions are processed. Rely on your Puerto Rico based BanescoSelect Relationship Manager to understand the financial workflows of your business and offer efficient solutions to help you maintain the required liquidity for day-to-day operations and extended-term needs.

Explore Treasury Management services

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Privacy & Fraud Prevention

Banesco USA accounts are insured by the FDIC up to the standard maximum amount. In addition to FDIC insurance coverage for deposit accounts, we offer ICS^® and CDARS^® for balances exceeding $250,000 to provide up to multimillion-dollars in additional FDIC insurance.

Your accounts are protected and secure with our account activity monitoring solutions to detect potential fraud. Your historical transaction patterns are analyzed and any deviation is brought to your attention.

Multi-factor authentication provides added protection to bank on our mobile app.

A benefit of the Banesco USA debit card is a control feature in Online Banking and our mobile app. You can receive notifications about card usage, temporarily deactivate your card, and block activity based on specific merchants or geographies.¹

Paperless statements are posted in your online account for view and download.

With the utmost respect for your privacy, Banesco USA does not share your personal information or information related to your relationship except as permitted by law (please see our Privacy Notice).

Service from your BanescoSelect Relationship Manager in Puerto Rico is complemented by secure email messaging available through Online Banking and the mobile app.

Exclusively for business accounts, Positive Pay verifies the authenticity of payee name and other information on check and ACH transactions prior to processing.

Deposit account transaction fees apply. Refer to the Schedule of Fees and Service Charges.

Merchant Services in Puerto Rico provided by Dynamics Payments.

¹Card Controls is available with Visa Debit Cards for personal checking accounts that are enrolled in Online Banking. Metal Visa Debit Cards are available for personal checking accounts.

²Equipment rental fees not included. For more information about Treasury Management products and fees, contact your Treasury Management Specialist or email TM@banescousa.com.

Use of the ICS and CDARS services is subject to the terms, conditions, and disclosures set forth in the CDARS-ICS Participating Institution Agreement and applicable Deposit Placement Agreements. Limits apply, and customer eligibility criteria may apply. ICS program withdrawals are limited to six per month when using the ICS savings option. CDARS, ICS, Insured Cash Sweep, One-Way Buy, and One-Way Sell are registered service marks of Promontory Interfinancial Network, LLC, now IntraFi Network^SM. Floating-Rate Funding and Insured Overnight Funding are service marks of IntraFi Network.

Zelle^® is available in over 2,300 banking and credit union apps. To send or receive money with Zelle^®, both parties must have an eligible checking or savings account. Transactions between enrolled consumers typically occur within minutes. Check with your financial institution. Zelle^® and the Zelle^® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.