My eBanc Review

How does your bank stack up?

  • Financial Rates: 5.0 Star Icon
  • Customer Service: 3.0 Star Icon
  • Website Experience: 5.0 Star Icon
  • Bank Fees: 3.0 Star Icon


  • Competitive rates on all accounts
  • Interest rates not tiered
  • Accounts entirely online
  • Check writing for MMA and checking


  • Minimum opening deposit high
  • Money market and checking have fees
  • Limited personal deposit accounts
  • No business accounts available

What You Need to Know

Every My eBanc account offers competitive interest rates. The rates are much higher than typical brick and mortar bank rates. The accounts are personal deposit checking and money market account and CDs. My eBanc offers regular CDs, jumbo, and one fixed rate CD.

The account interest rates at My eBanc are not tiered. There is not a required balance to earn the most competitive interest rate. Any amount in the account earns the competitive interest rate. However, the money market and checking account do have a monthly fee if the balance falls under $5,000.

My eBanc accounts are entirely online. Everything for your account is done through the website or mobile app. Make deposits through electronic transfers or by mailing in a check. There is only one branch location in Florida.

The My eBanc money market accounts and checking accounts allow you to write checks and have a debit card. The money market account only allows for six withdrawals each month. The checking account has unlimited check writing options with no charge. Your first 50 checks are free.

The minimum deposit required to open My eBanc accounts is high. The checking, money market, and regular CDs all require $5,000 to open. The jumbo CDs require $100,000. The Flex Time Deposit CD requires $10,000 to open.

The money market and checking account have a monthly fee. The fee for both accounts is $15 monthly. Waive both of those fees if you keep an average daily balance of more than $5,000. You still earn interest on amounts under $5,000, but your earnings will be cut into by the fee.

There are limited accounts offered through My eBanc. Only personal deposit accounts are available. My eBanc offers one checking account and one money market account. There are five different term lengths of CDs. Those same terms are available in jumbo CDs. One fixed rate CD is offered.

My eBanc does not offer any business accounts. Only personal deposit accounts are available. Personal deposit checking and money market accounts and some CDs are offered.

Cool Things

CrèmeBrulee Savings App

The My eBanc mobile app offers discounts and savings at no extra cost. The savings are for places you shop and other deals across the United States. For $5 a month you can upgrade to CrèmeBrulee Premium. This gives you savings and discounts plus 24/7 roadside assistance and $800 in cell phone protection. The premium also provides $2,500 in personal ID theft protection and up to $10,000 in travel insurance. The CrèmeBrulee savings is only offered with the money market and checking account.

Money Management Tools

My eBanc accounts come with the money management tool. This tool allows customers to make budgeting a part of their common banking practices. You can easily see what you're spending money on and what category you are spending the most money.


My eBanc is an online division of BAC Florida Bank. BAC Florida Bank started in 1973 in Coral Gables, Florida. The bank headquarters for My eBanc are still located in Coral Gables, Florida.

Today BAC Florida Bank has over $2 billion in deposits and $1.7 billion in deposits. They have accounts in more than ten countries. They serve customers in Latin America and the United States. BAC Florida Bank offers real estate financing, private and corporate banking. My eBanc offers personal deposit accounts.

Awards and Recognition

  • A 5-Star rating by BauerFinancial

Giving Back

BAC Florida Bank started the BAC guardian Angel Program. This program allows adults with disabilities to develop leadership skills. They then serve in their communities. This program prepares and delivers food to the homeless as well. The employees of My eBanc who serve in the guardian program help prepare the food each week.

Each year My eBanc supports Toys for Tots. This charity collects for underprivileged children. They also donate to help the Saint John Bosco Clinic. This clinic provides free healthcare to the uninsured.

My eBanc supports events through the year to help charities and nonprofits. Those include the Juvenile Diabetes Research Foundation, Americans for Immigrant Justice, and the American Cancer Society. They donate funds to cover the entire cost of the food pantry for the Corpus Christi Social Service Center.

Frequently Asked Questions

Is My eBanc FDIC insured?

Yes. My eBanc is FDIC insured. The FDIC is an agency of the United States government that protects funds deposited in banks, up to $250,000 per customer, per bank. The money deposited in FDIC insured banks means money is backed by the full faith and credit of the United States government.

How do I access my money?

With ATM or debit cards, checks, or electronic transfers. There is one branch location located in Florida.

Does My eBanc offer mobile banking?

Yes. My eBanc accounts offer mobile banking. Through mobile banking, you can deposit checks and see account information. You can save money with the CrèmeBrulee Savings app.

Is My eBanc free?

The money market account and checking account have a monthly fee. Waive the fee by having an average daily balance over $5,000 in the accounts. The CDs do not have a monthly fee.

Is My eBanc a good bank?

The interest rates are competitive with other online accounts. Only a few personal deposit accounts are available. The account is entirely online with no branch locations. You can deposit checks through the mobile app.

Is My eBanc secure online?

My eBanc encrypts your information. A fraud line is available if you feel you are a victim of identity theft.

Does My eBanc offer competitive interest rates?

Yes. The interest rates for their accounts are competitive. The rates are much higher than brick and mortar bank rates. There is not a required amount to earn the most competitive rate.

Can I use My eBanc for my business accounts?

No. Only personal deposit accounts are available through My eBanc. Those accounts include a checking and money market account and CDs. There are five CD terms offered.

How is My eBanc online banking different from the online banking my bank offers?

These accounts are entirely online. The only branch location is in Florida. The interest rates are much higher than your typical bank rates.

Do My eBanc checking accounts pay interest?

Yes. My eBanc offers one checking account. The interest for that account is competitive with other online checking accounts. There is no minimum balance to earn the most competitive rate.

How do I reach customer service?

Through email, phone, or online chat. There is one branch location in Florida.

Does My eBanc offer bill pay?

Yes. Each of the accounts comes with free bill pay.

Can I deposit cash?

No. Make deposits through electronic transfers or mailing a check.

How long do transfers take?

Payments made through person to person payments take one to two business days.

Can I sign up for direct deposit to My eBanc accounts?

Yes. Money can be directly deposited into My eBanc accounts.

Bank Contact Information

169 Miracle Mile
Coral Gables, FL 33134
1 (855) 512 0989

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Sponsored Offers

Advertiser Disclosure
American Express
Savings (Rate as of 11/30/2023)
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Checkbook No
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