Tuesday, September 27, 2022

What Does Nbkc Bank Stand For

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As a landlord, you know the importance of good credit and how your credit can affect your ability to borrow money or set up another type of loan. At NBKC, you can likely qualify for a loan if you have a credit score of at least 650 points, and there have even been cases of people with scores in the low 600s becoming borrowers.

NBKC does not release a specific number that is required to qualify, and this is likely because they look at a larger picture of your financial stability and position rather than just relying on your credit score as the sole deciding factor.

Similar to the way that landlords choose tenants, banks like NBKC have a process that they use to determine which borrowers are the right ones for their programs. In fact, most mortgage decisions are made based on debt-to-income ratio, not credit score .

Is Nbkc Bank Safe

Account safety and security are very important. So, in this NBKC Bank review, we are also going to look into that.

NBKC Bank provides a safe and secure online platform forits customers. It uses bank-level security features to ensure that all personaldata gathered are safe.

Meanwhile, NBKC Bank is a member of the Federal DepositInsurance Corporation , which protects all deposits for up to $250,000per depositor, for each account ownership category, in the event of a bankfailure.

Overall, NBKC Bank is a safe and secured online bankingplatform.

Who Is Nbkc Bank

NBKC Bank stands for National Bank of Kansas City and they’ve been FDIC insured since 1999. They only have four physical locations, all in or around Kansas City, but they’re an online bank that lets you open an account online.

NBKC Bank’s ABA routing number is 101014869.

This is very similar to the setup of many community banks that have expanded their presence. They are only located in one area but have a bigger footprint because of ATM network partnerships and online access.

This is better for customers because this means the bank is built to deal with the vast majority of its customers online and on the phone. When you have branches, you can always ask people to come into the branch to fix something. When you don’t, you have to build your systems better!

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Why Is A Quick Loan Closing Beneficial To You

Ultimately, a quick mortgage loan closing means that you are purchasing the property that you are interested in investing much faster. The faster the loan process goes, the sooner you will be able to start working on preparing and renting the property.

Another bonus of the faster processing times is that the loan rates tend to be lower at NBKC than at comparable establishments. When loans are processed more quickly, the bank can save some money. These savings are passed on to the borrower, and lower rates are often available for mortgage and other types of loans.

Cds And Money Market Accounts

Top 7 Best Banks to open a Checking Account Online in the ...

While the Everything Account makes it easy to save and spend, there are other ways to save and earn interest with nbkc bank. These options include:

  • Money market accounts
  • IRA CDs
  • Add-on CD

The nbkc bank Personal Money Market Account offers the same 0.15% APY on all balances as the Everything Account. There are no fees and no minimum balance requirements for this account.

Personal Health Savings Accounts and Personal IRA Savings are specialized options for earning interest on your money. The APY for these accounts is 0.15% and, as with the money market account, theres no minimum balance required to open one. However, you will need a minimum balance of at least $0.01 to earn interest with any of these accounts.

nbkc bank also offers Personal CD and IRA CD accounts with terms ranging from three months to five years. The APY for each CD is as follows:


5 Years


For terms of up to one year, the minimum balance to open a CD account is $1,000. CDs with terms of two to five years have a lower minimum deposit requirement, of only $250. Theres also a special one-year Add-On CD you can open with $0. This CD earns 0.15% APY. An add-on CD allows you to make additional deposits during the term, which is one year in this case.

All of these accounts can be opened online and, again, you need to be at least 18 and a U.S. citizen or resident alien with the proper ID and Social Security documentation.

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Where Can You Get A Mortgage With Nbkc

National Bank of Kansas City NMLS ID: 409631

You can apply for an NBKC mortgage anywhere in the U.S. Its licensed in all 50 states.

However, youll only be able to get a mortgage in person if you live within striking distance of Kansas City. Thats the only place NBKC operates physical branch locations.

Otherwise, youll have to use either online technology or telephone and mail services.

Luckily, NBKCs online technology is excellent. And its backed up by the same helpful loan officers youll deal with on calls, no matter how you apply.

What Do Regulators And Customers Say

According to the Federal Financial Institutions Examination Council , NBKC Bank has a satisfactory Community Reinvestment Act rating, which it earned in May 2017.

The bank is accredited with the Better Business Bureau and boasts an A+ rating for its customer service and interactions as of September 2018. From 853 customer reviews, it scored an average five-star review rating. And in the past three years, just two complaints were registered with the BBB both of which were related to mortgage lending and NBKC Bank quickly solved the issues.

The reviews are overwhelmingly positive on consumer websites, too. Customers praise the personalized customer service and appreciate how easy it is to open a business or personal account. While some account holders lament the lack of physical branches, others say the banks tech-savvy team and online and mobile banking tools bridge that gap.

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Guild Mortgage Vs Nbkc Bank

Guild Mortgage services loans in most but not all of the United States. Due to its in-house processing and funding services, this lender claims to close most mortgages in just two weeks.

Guilds loan menu is quite extensive, with conventional, government-backed, jumbo, refinance, secondary, and investment property loans available, among others.

Moreover, this lender requires a minimum credit score about 20 points lower than average and partners with hundreds of down payment assistance programs to help you get into a good home.

Is Nbkc Bank Trustworthy

NBKC bank rant: 5 business day hold on tax refund Mobile Deposit

NBKC has not been involved in any recent public controversies.

The Better Business Bureau has also given NBKC an A+ rating. The Better Business Bureau provides ratings based on how effectively businesses deal with customer complaints.

A good BBB rating won’t necessarily mean that you will have a perfect experience with a banking institution, so make sure to also get alternative perspectives from other business owners to shape your overall opinion.

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How Do I Open An Nbkc Everything Account

Apply for your account online, over the phone or in person at a branch. Follow these steps to apply online:

  • Go to the providers site and follow the steps to apply.
  • From the NBKC website, click Personal under Open Account.
  • A page with three boxes will pop up. Select Open an Everything Account.
  • Click Get Started.
  • Confirm the account youre applying for by checking Everything Account and clicking Next.
  • Enter your email address and phone number, review the consent forms and check the boxes saying youve done so.
  • NBKC sends a verification code to you via text. Type this in when youre prompted on the next page.
  • Continue filling out your personal details.
  • Eligibility

    • Valid drivers license or state ID

    What Are Nbkc Banks Terms Fees And Conditions

    NBKC Bank does not publish online updated mortgage terms, fees and conditions. The bank, however, confirmed that lender fees are $0 on VA loans.

    You can request a rate quote online from the lender: Click the View Rates button on the homepage under Home Loans.

    Borrowers can also obtain a mortgage prequalification estimate to estimate what they can afford and a mortgage preapproval to find out how much financing NBKC Bank can offer.

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    What Is Nbkc Bank

    NBKC Bank was founded in 1999 as Horizon National Bank,and then was known for a while as the National Bank of Kansas City beforeconverting to its current name in December 2015, hoping to appeal to a largermarket.

    Although the bank has a handful of branch locations inKansas and Missouri where it is based, NBKC is primarily geared towardconsumers who prefer to bank digitally over traditional ones.

    NBKC Bank provides customers access to online banking and mobile apps for both Android and iOS devices. Additionally, the bank also provides access to more than 34,000 ATMs through the MoneyPass network.

    Moving on, NBKC Bank is known for its mortgage lendingservices as well as for offering competitive rates on deposit accounts. Butapart from that, NBKC Bank is also a great choice especially if you are alsolooking for convenience and ways to avoid common bank fees.

    While the bank is not the biggest player among digitalbanking platforms, it boasts having $456 million in deposits to date.

    With all these on its plate, NBKC Bank is sure to grow inthe coming years. Definitely, something to look forward to.

    Nbkc Bank Rate Transparency

    NBKC Bank Review 2021

    A button labeled View rates about halfway down NBKCs homepage directs you to a calculator that takes location and credit score into account to create customized rates. Results display mortgage rate, APR, points, lender fees and potential monthly payments. Each option includes a button to apply online.

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    What Are The Benefits Of An Nbkc Everything Account

    Open a NBKC Everything Account and youll get access to standard features such as sophisticated online and mobile banking tools and a free box of checks as well as these unique benefits:

    • No fees. NBKC stands out in the market for its no gotchas mantra. With an Everything Account, youll only pay a fee for sending domestic and international wires. There are no minimum balance requirements or fees for incoming domestic wires, foreign transactions, cashiers checks, overdrafts or non-sufficient funds .
    • Competitive APY. Thanks to a 0.15% APY, this spend and save account earns more interest than most traditional savings accounts.
    • Savings goals. Set up virtual piggy banks in the NBKC app to save for an unexpected emergency, a wedding, a pair of new sneakers or anything else on your list.
    • Financial snapshots. The NBKC mobile app is chock-full of charts and graphs to help you see exactly where your money is going.
    • Accepts cash deposits. Most digital bank accounts that dont accept cash deposits, but you can deposit cash or checks at most MoneyPass ATMs with NBKC.

    Personal Certificate Of Deposit Account

    NBKC offers personal CDs with term lengths ranging from three months to five years.

    Theres a minimum deposit requirement of $1,000 for terms from 3 months to a year, and anything longer requires just $250 to open.

    Heres the breakdown of the APY that you can take advantage of for each term length:

    • 3 or 6 months: 0.10% APY
    • 1 or 2 years: 0.15% APY
    • 3 or 4 Years: 0.25% APY
    • 5 years: 0.30% APY

    All funds deposited into a CD with NBKC are subject to a 75-day hold before you can make a withdrawal, and all withdrawals before the accounts maturity are subject to fees.

    Learn More:

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    Compare To These Lenders

  • Average mortgage rates and feessourced fromself-reported datamortgage lenders are required to file under the Home Mortgage Disclosure Act. Rates and fees shown reflect the previous years data and may not align with todays mortgage rates
  • Monthly principal and interest paymentscalculated using TheMortgageReports.commortgage calculator. Payments shown are based on a $200,000 loan amount and assume a very good credit score. Property taxes and homeowners insurance are not included. Your own monthly payment will vary
  • Number of mortgage originations for the previous yearsourced fromself-reported datamortgage lenders are required to file under the Home Mortgage Disclosure Act
  • CFPB Complaintsreflect the number of mortgage origination or closing-related complaints filed with theConsumer Financial Protection Bureaufor the previous year
  • Complaints per 1000 mortgagesreflect the number of official complaints filed against a lender with the CFPB for the previous year, compared to the lenders total number of mortgage originations for the previous year
  • JD Power Ratingreflects the companys customer satisfaction score according to JD Powers most recent Primary Mortgage Origination Satisfaction Study. Survey respondents score their lenders in four areas: application/approval process, communication, loan closing, and loan offerings
  • How To Bank With Nbkc

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    To open an account, you can either visit a branch or apply online. According to the bank’s website, the process might take only a few minutes.

    The standard requirements apply. Youll need to be at least 18 years old, a U.S. citizen, and have a Social Security number and government-issued ID on hand. To verify your identity, NBKC does perform a soft pull on your credit when you apply.

    NBKC Bank is a great option if youre looking for a maintenance-fee-free checking or savings account. There are really no hidden fees, and the $12 reimbursement of non-network ATM fees is quite generous. If youre looking for an account to eventually stash some money in a CD, NBKC could be worth considering if youre confident you can commit to the entire term. If you don’t live in the Kansas City area and want to bank with a financial institution where you can step into a physical branch, then you might want to look elsewhere.

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    Is Nbkc Bank A Good Bank For Credit Card

    Yes, nbkc bank offers personal loans, auto loans, home equity loans, CD secured loans, bridging loans and home loans to qualified borrowers. Currently, the loans are only available to borrowers in the Kansas City area. nbkc also offers personal credit cards, including secured cards, credit cards and bonus cards.

    How To Find A Good Bank

    MyBankTracker ranks the financial health of every FDIC-insured bank and credit union from poor to excellent, as does the Texas Index. Look at the percentage of long-term loans versus total loans. Watch the growth of deposits. Take a look at the banks that are available in stock or cash.

    Best bank account for teens

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    What Are The Fees For The Services Provided By Nbt Bank

    There are no costs associated with these services. The NBT Bank mobile app is provided free of charge to all NBT Bank customers with an Apple or Android mobile device. Mobile deposit is a free service offered through the mobile banking application. SMS rates and/or standard rates from your provider apply.

    Compare To Other Lenders

    NerdWallet rating NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.NerdWallet rating NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.NerdWallet rating NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.

    Purchase, Refinance, Jumbo, Fixed, Adjustable, FHA, VA

    Loan types and products

    Purchase, Refinance, Home Equity, Jumbo, Fixed, Adjustable, FHA, VA, USDA

    Loan types and products

    Purchase, Refinance, Jumbo, Fixed, Adjustable, FHA, VA

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    Is Nbkc Bank An Online Bank

    And you can make up to $2,500 in purchases per day, not including ATM withdrawals. nbkc bank customer service is available by phone at 888-905-2165 Monday through Friday from 8 am to 5 pm CST. Online and mobile banking are also available during that same window, but youll need to call 866-931-0850 instead.

    Nbkc Bank Customer Service And Experience

    So far, NBKC Bank hasn’t featured in any large-scale customer satisfaction surveys, like the J.D. Power U.S. Direct Banking Study. This makes it a little difficult to know how it stacks up to its competitors.

    But the reviews that are available for the bank are largely positive. It has an A+ rating with the Better Business Bureau and most of its reviews here suggest its customers are happy with the service they receive.

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    Mortgage Interest Rate Locks

    The Nation Bank of Kansas City also offers mortgage rate locks on the interest rate without any additional fees. In a market that is constantly changing and affecting your bottom line, having a number that is locked in can be very beneficial.

    For one thing, keeping your records and planning for the future is easier when you know exactly what the interest is going to look two months and two years down the line. When the rate changes frequently, this isnt always easy to plan around.

    Rate locks are free to do at NBKC, but you will want to consider if a rate lock is a right choice for you or not.

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