Texas Capital Bank Review: Lots of Banking Options and Low Monthly Fees

GOBankingRates Score

Quick Take: Texas Capital Bank offers one-stop banking for customers because of its variety of offerings. It has products for personal banking, business needs and wealth management. Its CDs are especially noteworthy, coming in at #20 on GOBankingRates' list of Best CD Accounts. The following Texas Capital Bank review breaks down the bank's products and services.
  • CDs
  • Fees
  • Digital Banking
  • Breadth of Products
How did we calculate this?


  • Customers living in Texas and New York City have access to branch locations 
  • Offers a variety of deposit accounts and CDs
  • Provides ATM access through Allpoint network


  • Doesn't offer in-person banking for customers outside of Texas and New York City 
  • Outgoing wire transfer fees can be steep, costing between $35 and $75

About Texas Capital Bank

Texas Capital Bank was founded in 1998 and is headquartered in Dallas. The Texas bank has branch locations in the state’s five largest cities along with one location in New York City. It has $31 billion in assets and cites commercial banking and private wealth advisory as its areas of expertise.

Texas Capital offers a variety of deposit accounts and certificates of deposits to its banking customers. With its focus on convenience and customer service, it might be the right fit for you if you are looking to open a new account.

Texas Capital Bank Products

Take a closer look at what the bank offers personal account holders.

Checking Accounts

There are two checking accounts available at Texas Capital Bank, all with a minimum opening balance requirement of $100. If you open a Capital Interest Checking account at Texas Capital, you won’t have to worry about any monthly maintenance fees. The Premier Checking has a $25 monthly maintenance fee but it can be waived by maintaining a minimum daily balance of $25,000 across combined accounts.

Capital Interest and Premier Interest checking accounts pay out interest of 0% to % APY and offer several perks, including free personalized checks and out-of-network ATM rebates.

Savings Accounts

Texas Capital’s Consumer Savings account offers the basics. You won’t earn a high interest rate, but you need only $100 to open the account and to start saving. The bank also offers a free Minor’s Savings account to help youngsters save.

Both of these savings account options are free and do not require you to maintain a minimum balance. Before you sign up for an account, make sure you plan on making more deposits than withdrawals. Texas Capital limits savings account holders to two withdrawals per month or six per quarter. Otherwise, you’ll be charged a $2 excessive-withdrawal fee per extra transaction.

Money Market Accounts

You need only $100 to open a money market account at Texas Capital, which makes it a good option for the average consumer. The Money Market Account is the basic account at Texas Capital. It requires you to have a $500 balance before earning interest but does not charge any monthly fees.

The Premier Money Market Account is better for individuals with higher balances, as you will need a minimum balance of $25,000 across your combined accounts to avoid the $25 monthly service fee.

Money market accounts can be flexible and earn based on the balance. You can make withdrawals or pay an occasional bill. However, federal regulations limit the accounts to just six withdrawals per month. The good news is, Texas Capital allows for unlimited, in-person withdrawals.


Texas Capital Bank offers a variety of CDs with term limits ranging from 90 days to 2 years. You’ll need a minimum balance of $1,000 to open a new CD. Part of the reason the bank’s CDs made the latest GOBankingRates’ list of Best CDs is the number of terms available and the generous APY range they offer.

Best Features

There are several reasons why the small, regional bank performs well in this review. The availability of low-fee accounts is a big selling feature. In addition, the bank’s CDs are worth considering. Texas Capital Bank makes banking with one financial institution for all your needs attainable. Plus, you can bank using the online and mobile app, both robust enough to handle the bulk of everyday banking tasks people do.

Banking Experience

Texas Capital offers a full-service banking experience. If you live in Texas, you can access the bank’s branch locations, and there’s one location in New York City. And all customers have convenient access to nationwide Allpoint ATMs

Customer Service

Representatives are available Monday through Friday, 8 a.m. to 6 p.m. CST. Otherwise, the automated phone service runs 24 hours a day at 877-839-2265.

Digital Experience

It’s easy to manage your accounts with Texas Capital’s online banking options and mobile app. You can use these features to pay your bills, set up account notifications, initiate wire transfers, find a nearby ATM and more. All personal checking and savings account customers can enroll in online banking and the mobile app for free. 

The mobile app is available for Android on Google Play, where it earned 4.2 out of 5 stars. It doesn’t get as good of a review in the App Store, where it has just 2.6 stars.

How To Open an Account

To open an account at Texas Capital Bank, you can visit one of the bank’s branch locations. You also can contact customer service to learn more about how to get started or visit their website to open an account.


Texas Capital Bank does charge certain fees, including monthly maintenance fees on some of its accounts, but you can waive these fees by maintaining the required minimum monthly balance. Here are some other fees you might need to pay.

Type Amount
Monthly maintenance Varies per account
Cashier’s checks $0
Insufficient funds $15
Wire transfer Domestic: $35-$60
International: $35-$75

Texas Capital Bank vs. Competitors

When choosing a bank, it’s always helpful to weigh the products of one financial institution against those of another.

Bank Best For
Texas Capital Bank Wide variety of banking options 
Ally Bank Interest checking account without fees
Wells Fargo Bank Low minimum opening-balance requirements 
BBVA  Cashback rewards on free Visa debit card

Texas Capital Bank vs. Ally Bank

Ally offers an interest checking account that doesn’t charge any fees. Unlike Ally, Texas Capital has branch locations and offers a wider variety of banking options.

Texas Capital Bank vs. Wells Fargo

You need only $25 to open a checking account at Wells Fargo and the bank provides 24/7 customer support. Texas Capital doesn’t charge monthly maintenance fees on its basic Smart Checking account. 

Texas Capital Bank vs. BBVA

BBVA also offers free checking. But Texas Capital pays a higher interest rate on its money market accounts.

Final Take

Texas Capital is a good choice for anyone looking for flexible banking options. It’s strongest on both ends of the financial spectrum — no-fee, low-balance accounts or premier accounts with high balance requirements. And if you live in Texas or New York City, you can take advantage of the bank’s in-person branch locations.

Texas Capital Bank FAQ

The following questions are commonly asked about Texas Capital Bank.
  • What is Texas Capital Bank?
    • Texas Capital Bank is a commercially-focused bank that also offers personal bank accounts. It's headquartered in Dallas, Texas, with branches throughout the state and one in New York City.
  • Does Texas Capital Bank offer personal bank accounts?
    • Although Texas Capital Bank is well-known for commercial banking and loans, it also offers personal banking and wealth management. You'll find personal checking, savings, money market and CD accounts.
  • Are there Texas Capital Bank mortgages?
    • Texas Capital Bank provides personal and commercial lending to purchase property. However, the bank recently sold its lending division.

Cynthia Bowman 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 Aug. 23, 2022.

Editorial Note: This content is not provided by any entity covered in this article. 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 any entity named in this article.

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About the Author

Jamie Johnson is a freelance writer who covers a variety of personal finance topics, including investing, loans, and building credit. In addition to writing for GOBankingRates, she currently writes for clients like Quicken Loans, Credit Karma, and the US Chamber of Commerce. 
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