Amerant Bank Review: Flexibility in Banking With a Variety of Product Options

GOBankingRates Score

Our Take: While it has branches in limited areas -- South Florida and Houston -- it is the second-largest community bank headquartered in Florida. Amerant Bank offers a robust suite of products and services, including business and investment services, making it an excellent option for people looking to keep all of their financial accounts with one institution.
  • Accessibility
  • Mobile App/Digital Experience
  • Breadth of Products
  • Opening Deposit Requirements
How did we calculate this?


  • Broad accessibility with a website in both English and Spanish
  • High unsecured loan limits of up to $150,000
  • Wide variety of products, which include investing and in-depth business services options
  • Extended customer service hours of 7 a.m. to 8 p.m. EST Monday to Friday, and 8 a.m. to 5 p.m. on Saturday and Sunday


  • Regional bank with limited locations

About Amerant Bank

Amerant Bank first opened in 1979 as Commercebank, N.A. in South Florida and has grown to nearly $8 billion in assets over the past 43 years. With 24 branch locations serving south Florida and Houston, a loan processing center in New York and an online and mobile banking suite, Amerant provides a dynamic banking experience.

Amerant is committed to customers’ financial well-being. It offers a financial education platform with topics spanning money basics, investments and fraud prevention. This center has videos and other resources to help customers improve their financial knowledge from the comfort of their own homes.

Amerant Bank Products

Amerant Bank offers a variety of checking, savings, investment and loan products to fit your needs. When choosing an account, consider what minimum balance you will maintain as well as what kind of interest you want to earn on your balances. Compare your expectations to the requirements for having fees waived each month.

Product Features
Checking Accounts
  • Value checking, Interest checking, and Relationship Interest checking with minimum initial deposits ranging from $50 to $100
  • Monthly fees of $5 to $35 waived when average monthly balance or transaction requirements are met
Savings Accounts
  • 0.05% APY across all balance tiers
  • Minimum opening balance of $50
  • Monthly service fee of $5 can be waived by meeting minimum balance requirements
Money Market Accounts
  • 0.01% to 0.15% APY for standard Money Market account
  • 0.60% APY for Relationship Money Market account
  • $25 to open Money Market account, $150 to open Relationship Money Market account
CD Accounts
  • Fixed rates from 0.45% to 0.65%
  • Terms of 3, 12, 18, 24, 36, 48 and 60 months
Credit Cards
  • Maximum Rewards and Secured Visa cards
  • 60-second approval decision when you apply online
Personal Loans
  • Secure personal loans with physical collateral or a certificate of deposit
  • New and used auto loan financing, up to 100% of the loan-to-value ratio
  • Terms from 12 to 60 months with loan amounts up to $150,000
  • Overdraft protection options ranging from $2,500- $5,000 serve as a line of credit attached to your checking account
  • Fixed and adjustable-rate mortgages, jumbo loans, construction-to-permanent, custom loans, refinance
  • Home equity lines of credit
Business Accounts
  • Checking, savings and loan options for your small or commercial business
  • Tools needed to run your business effectively, like ACH services, bill pay and TreasuryConnect
  • Business-edition debit and credit cards
Wealth Management
  • Investment services ranging from portfolio management, options for those on a fixed income and retirement planning
  • Trust management and escrow accounts

Amerant Bank Checking Accounts

Amerant offers three checking account options: Value checking, Interest checking and Relationship Interest checking. The Value checking requires a $50 opening deposit and has no minimum balance requirements. The $5 monthly fee can be waived if you complete one of the following: enroll in online statements or monthly direct deposit, or complete four debit card transactions per statement cycle.

The Interest checking account requires a $100 opening deposit and has a $15 monthly service fee that is waived when you maintain an average daily balance of $2,500 during a statement cycle. The interest you earn is tiered, based on your balance.

Relationship Interest Checking requires a $100 opening deposit and features a variable interest rate. The $35 monthly fee is waived when you have: $50,000 combined monthly average balance in other deposit, loan or Amerant Investment accounts — excluding certificates of deposit — and monthly direct deposit, or four transactions per statement cycle.


  • Zero-liability policy on fraudulent transactions
  • Options for overdraft protection
  • Complimentary check order starter kit


  • Custom text and email alerts for account monitoring
  • Unlimited access to online bill pay


  • Fees apply to all accounts
  • Variable APY with minimal details outlined

Amerant Bank Savings Account

Amerant offers a single savings account option. Interest rates are clearly outlined with minimum balance requirements for each one. Monthly service fees apply but can be waived by meeting minimum balance requirements. Here’s more.


  • 0.05% APY across all balance tiers
  • $50 opening deposit
  • $5 monthly fee, waived with an average daily balance of $300


  • Easy-to-meet balance requirements for waiving fees
  • Complete transactions from your savings accounts using Amerant debit card


  • No APY increase for higher deposit amounts

Amerant Bank Money Market Accounts

Amerant offers two money market accounts, which allows you to choose the account that’s best for you.

The basic Money Market account has a $100 opening deposit and a $25 monthly fee that is waived when you maintain an average daily balance of $5,000 during a statement cycle.

The Relationship Money Market account has a $100 opening deposit and a $150 monthly fee that is waived when you have a Relationship Interest checking account with a balance of at least $1.


  • 0.01% to 0.15% APY with Regular Money Market account
  • 0.60% APY with Relationship Money Market account
  • Check-writing privileges
  • Up to six withdrawals per statement cycle


  • Competitive 0.60% APY on a balance of $100 or more in your Relationship Money Market account
  • Two account options to choose from to best fit your financial needs


  • Relationship Money Market requires Relationship Checking account with positive balance to waive the $150 service fee
  • Additional fees of $12 per withdrawal apply in excess of six per statement cycle

Amerant Bank CD Accounts

Fixed rates of return are guaranteed with flexible terms from three to 60 months. Florida or Texas account holders can earn 0.65% APY on terms from 24 to 60 months. If you live in other states, you can also earn 0.45% on all 18-month CD terms.


  • Lock in rate for up to five years
  • Higher APY for longer terms


  • Fixed-rate guarantees return
  • Longer terms rewarded with higher rate


  • High $10,000 minimum opening balance

Banking Experience

Products are not the only consideration when shopping for a new place to deposit your money. The overall banking experience matters, too. Here’s more.

Branch Access and Availability

While Amerant offers branches in only two states in the United States, online and mobile banking empower you to bank from anywhere. Extended customer service hours ensure that you can reach out to Amerant team members when you have a question or concern about your account.

Customer Service

Customer service call center hours are 7 a.m. to 8 p.m. EST Monday to Friday and 8 a.m. to 5 p.m. EST on Saturday and Sunday. These hours are the same for online and mobile banking customer support except that online and mobile banking support is closed on Sundays. Online bill pay hours are 7 a.m. to 1 a.m. EST seven days a week, and credit card services are offered 24/7.

Mobile and Digital Experience

Amerant offers a mobile app, available for download on both Google Play and the App Store. The app rates 3.4 on both platforms, with some complaints about its lack of functionality.

Key Information

Customer Service: 855-263-7268

Online and Mobile Banking Support: 305-629-1260

Online Bill Pay Support: 844-699-4549

Personal Credit Cards: 888-295-5540

Business Credit Cards: 800-819-4249

Routing Number: 067010509

Swift Code: MNBMUS33

How To Open an Account

Account opening is subject to credit approval. You’ll need to have your personal information ready, including full name, address, email and phone number. You’ll need to verify your identity using your Social Security number, date of birth, driver’s license or other identification, and employment information. You will also need to provide the routing and account numbers from another bank to transfer your initial opening deposit.

Amerant Bank Fees

The Amerant Bank website lists the fees you may incur on your accounts and transactions. Ways to avoid these fees are also clearly explained for customers. For example, overdraft protection fees cost $35 per transaction but are capped at five fees per day.

Check the disclosures for your specific account to see which fees may apply and how you can avoid them. Fees outlined by Amerant Bank include:

Type Amount
Out-of-network ATM fees $2.50 per withdrawal
Cashier’s checks $10
Change orders $15
Same-day bill payments $9.95
Overnight check bill payment $14.95
External ACH transfers $5 per transaction
Foreign transaction fee 3% on all purchases made outside of the U.S.

Amerant Bank vs. Competitors

It can help to compare a bank to its competitors to get an idea of whether it’s the best fit for your finances. Here’s a look at how Amerant Bank stacks up to its top competitors.

Bank Best For
Amerant Bank Spanish-speaking customers
Centennial Bank Checking account selection
Pan American Bank & Trust ATM-fee reimbursements
Town Bank Credit-building and repair products and services

Amerant Bank vs. Centennial Bank

Centennial Bank offers over twice the checking account options that Amerant Bank does — seven versus three. However, Amerant Bank offers more accessible banking hours than Centennial Bank, especially on weekends.

Amerant Bank vs. Pan American Bank & Trust

Pan American Bank & Trust reimburses up to $25 in non-network ATM fees per cycle, while Amerant charges $2.50 per out-of-network withdrawal and offers no reimbursements. However, Amerant Bank offers two credit card options for customers, whereas Pan American offers only debit cards.

Amerant Bank vs. Town Bank

Town Bank offers a robust lineup of credit building and repair products and services, while Amerant Bank offers a single secured credit card. However, Amerant offers a lower opening checking deposit of $50, while Town Bank’s minimum opening deposit is $100.

Final Take

Amerant Bank is a proven financial partner with 43 years in business. It’s easy to find a checking or savings account that helps you reach your specific financial goals. When your goals change, you don’t have to look for another bank. Amerant offers account tiers to continue meeting your needs over time.

Amerant Bank is also a leader in offering financial services to customers who speak Spanish. Its website translates completely for full accessibility, and there are customer service options for Spanish speakers.

Editor’s Favorite

Amerant shows its commitment to serving customers through a complimentary financial education center. The platform stands out from the competition because it is easily accessible. Customers may research financial education topics that pique their interest without creating a login or signing up for anything.

Daria Uhlig contributed to the reporting for this article.

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of March 25, 2022.

Editorial Note: This content is not provided by Amerant Bank. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Amerant Bank.

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About the Author

Katy Hebebrand is a freelance writer with eight years of experience in the financial industry. She earned her BA from the University of West Florida and her MA from Full Sail University. Since beginning to work full-time as a freelance writer three years ago, she has written on topics spanning many fields, including home building, families and parenting, legal and professional/corporate communications.

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