North American Savings Bank Reviews Review 2024

Advantages Over Regular Bank

North American Savings Bank (NASB) has been around since 1927 and still operates 11 physical branches in Missouri. These days, it offers online banking to residents of all 50 states, offering all the benefits of a regular bank and more.

Here are some of NASB’s highlights:

• Open new checking and savings accounts online.
• 24/7 access to full suite of banking features on desktop or mobile app.
• Mobile banking lets you deposit paper checks, view balances and transactions, transfer funds, and schedule payments.

Cutting-Edge Banking Services 

Although NASB charges a small monthly fee for its services, the cost is worth it for all the features you get.

Here are the top features you get with an NASB checking account:

• Digital banking tools, including: bill pay, scheduled payments, eStatements, and wire transfers.
• Mobile check deposit and mobile payments (with Apple Pay, Google Pay, and Samsung Pay).
• BaZing mobile app, with deals from local and national retailers for shopping, dining, travel, and more.
• Cell phone protection for up to $400 per claim or $800 per year (for customers who use their checking account to pay their cell phone bill).
• Identity theft insurance for up to $2,500.
• 24/7 roadside assistance for up to $80 in covered service charges, 4 times per year.
• Travel accidental death coverage for up to $10,000.
• Health savings card, including discounts on prescriptions, eye exams, frames, lenses, and hearing services.

Traditional Banking Services

As mentioned earlier, NASB started out as a regular bank in Missouri more than 90 years ago. It offers a wide range of traditional banking services online and through its mobile app.

NASB customers get to enjoy the following banking services:

• Debit card, can be used in conjunction with Apple, Google, and Android mobile payment apps.
• Selection of checking accounts, savings accounts, and CDs.
• Wide range of mortgage products, including conventional home loans, jumbo loans, VA loans, FHA loans, and non-conforming loans.
• Commercial loans, including IRA lending for commercial properties.
• Free access to NASB ATMs in Missouri and Kansas, and 24,000+ third-party ATMs nationwide.

Interest Rates and Fees 

NASB offers 3 types of checking accounts, each with a flat monthly fee. The good news for users of the Prosper and Advance accounts is that NASB waives your fee if you keep your balance above the designated monthly minimum. NASB charges fees for wire transfers, overdrafts, non-sufficient funds, and stop payment orders. Unfortunately, its website lacks updated information on these fees. 

North American Savings Bank offers numerous accounts with APYs up to 0.50%. Additionally, NASB offers certificates of deposit at its physical branches in Missouri, with even highest  APYs.

NASB checking accounts

Customer Service 

NASB has 11 physical branches on the Missouri side of the Kansas City area and ATMs on both sides of the Missouri/Kansas border. Customers in all other states can get support online, on NASB’s mobile app, by phone, and by live chat.

Phone: 800-677-6272 (or 816-316-4000 if calling from Kansas City area)

HQ: North American Savings Bank, 903 E. 104th Street, Suite 400, Kansas City, MO 64131

Mobile Apps

One of the best things about NASB is its mobile app, compatible with iOS and Android smartphones and tablets. The NASB mobile banking app contains most of the features of the desktop site, excluding account aggregation and the ability to edit your budget management.

Here’s what you get with the NASB mobile app:

• Deposit checks to your NASB account by taking a picture of the paper check and uploading.
• Transfer funds between your NASB accounts and to and from non-NASB accounts.
• Sign up for eBills to make one-off payments or set up recurring payments.
• View account balances and recent transactions without having to log in on your mobile device.
• View your expenses and income, set up a budget, and create savings goals.

 Security

NASB is insured by the FIDC, with standard $250,000 insurance for all customers. The NASB website contains a section with detailed answers on everything to do with privacy and security. NASB offers a multi-layered security tool for its internet banking and bill payment system. This tool monitors your account for any unusual activity, so be ready to answer validation questions when logging in from a computer NASB doesn’t recognize.

Conclusion 

Overall, NASB offers an excellent range of online and mobile banking features. Online banking customers don’t get access to all the things that in-branch customers have access to, such as CDs. Despite this, NASB still offers more functionality than most other online banks. Perhaps the best thing about opening an NASB checking account is it gets you access to a whole range of third-party services. These include discounts from retailers, cell phone and identity theft insurance, roadside assistance, accidental death coverage, and health savings. All in all, NASB offers a more extensive list of features than most other online and mobile banks. This makes NASB one of the best online banking options available today.