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 $35 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 deposit to its banking customers. The bank is known for its convenience and focus on customer service, which is why it is consistently recognized as one of the best banks in the United States by Forbes.

Texas Capital Bank Products

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

Checking Accounts

There are four checking accounts available at Texas Capital Bank, all with a minimum opening balance requirement of $100. If you open a basic Smart Checking account at Texas Capital, you won’t have to worry about any monthly maintenance fees. Capital Checking has the same features of Smart Checking but requires you to maintain a daily balance of $750 or a monthly average of $1,500 or you’ll need to pay a $10 monthly maintenance fee.

Capital Interest and Premier Interest checking accounts pay out interest of 0.03% to 0.05% APY and offer several perks, including free personalized checks, but they have a hard-to-waive monthly service fee of $12 or $25. Capital Interest account holders need to maintain a daily ledger balance of $1,500 while the amount is $25,000 for Premier Interest checking to avoid the monthly service fee.

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.

Be sure to maintain a minimum daily balance of $500 in the savings account or you’ll be charged a $5 monthly maintenance fee. 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 comes with fees such as a $12 monthly service charge if you don’t maintain at least a daily balance of $2,500.

To save on service fees, opt for the Premier Money Market Account and link it to your Premier Interest checking account to avoid monthly maintenance fees. You’ll still need to keep a high balance in the checking account to avoid monthly service fees, so it’s best for individuals with higher balances.

Money market accounts can be flexible and Texas Capital’s earn between 0.05% and 0.15% APY (based on 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 30 days to five 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 APY range of 0.10% to 0.30%, which is relatively generous.

Best Features

There are several reasons why the small, regional bank performs well in this Texas Capital Bank 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.

Editor’s Favorite

The Smart Checking account offers unlimited transactions and no monthly service charges. It’s a great entry point into a banking relationship with Texas Capital Bank.

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 four out of five 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. There isn’t an option to open online.


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 $10
Insufficient funds $45 
Wire transfer
  • Domestic: $35 outgoing (online), $60 outgoing (manual)
  • International:$35 outgoing (online), $75 outgoing (manual)

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 of up to 0.15% 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.
  • Who Bought Texas Capital Bank?
    • In the most recent news, Ocwen is buying Texas Capital Bank's lending business (which includes loan servicing). It's one of the institution's most popular categories, originating roughly $2.4 billion of volume in the last quarter of 2020

Cynthia Bowman contributed to the reporting for this article.

Rates are subject to change. Information on accounts is accurate as of Jan. 12, 2022.

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

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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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