Republic Bank

Republic Bank Reviews

Author pictureAuthor picture
Author picture
Written by
Author picture
Edited by

Our promise. We provide a buying advantage with verified reviews and unbiased editorial research.

About Republic Bank

Republic Bank is a regional institution based out of Louisville, Kentucky. As a full-service bank, it has a variety of checking accounts, savings products, credit cards, loans and business banking services. But its footprint is limited to five states – Florida, Indiana, Kentucky, Ohio and Tennessee.

Pros & Cons

  • Full-service bank
  • Can live chat customer service
  • Large ATM network
  • Some non-network ATM reimbursements
  • In-person branches
  • Can’t open some accounts online
  • Some monthly fees
  • Available in FL, IN, KY, OH and TN
  • Low savings account interest rates

Our editor’s take

Republic Bank is a top choice if you live in its service area and need a brick-and-mortar bank with physical locations. It has a string of perks that make it stand out among regional banks, including a large ATM network, the ability to live chat customer service and some non-network ATM refunds.

Although Republic Bank’s certificates of deposit (CDs) earn competitive yields, its other savings products are below the national average. If you don’t need the in-person services Republic Bank offers, you’ll find higher yields to grow your savings faster with online banks like Ally, Synchrony and SoFi.

How does Republic Bank work?

Republic Bank is a regional financial institution with 47 banking centers spread across Florida, Indiana, Kentucky, Ohio and Tennessee. It uses the Republic Bank, Presto, Sum, MoneyPass and Allpoint networks to give its customers access to over 90,000 ATMs nationwide.

You can open most Republic Bank accounts online, but some CDs and retirement accounts must be opened in person.

Republic Bank products and services

You’ll find quite a selection of financial products at Republic Bank. Account details are for zip code 40202, which is where the bank is headquartered.

Personal checking account

Republic Bank has five checking account options, along with a health savings account.

  • Easy Checking is good if you’re looking for a basic checking account. It has no monthly fee and a $50 opening deposit.
  • Simple Access Checking has no overdraft fees and the ability to access direct deposits up to two days early and tax refunds up to five days early. Open with just $10. There’s a $4.95 monthly fee that’s waived with one direct deposit, debit card transaction or online bill pay per month.
  • Flex Checking earns interest but has a $12 monthly fee you can avoid with one of the following: a $1,000 minimum daily balance, one monthly direct deposit or 10 monthly debit card transactions. Open your account with a $50 minimum.
  • Pinnacle Checking earns interest but has a $25 monthly fee you can waive with a minimum $5,000 balance. It also features unlimited ATM reimbursements, a free safe deposit box and free checks. A $50 opening deposit is required.
  • Military Honors Checking is dedicated to military personnel. It has no monthly fee and comes with four non-Republic ATM fee waivers per month.
  • Health Savings Account helps you save for medical expenses if you have a high-deductible health plan.

Personal savings account

Republic Bank provides customers with three types of savings products. Although these accounts have above-average yields, you’ll find better rates with online banks.

  • Advantage Savings has a $5,000 minimum opening deposit and earns 0.35% annual percentage yield (APY).
  • Easy Savings has a lower, $10 opening deposit but earns only 0.25% APY.
  • The Money Market Account has a $1,000 opening deposit and earns 0.35% APY.

Out of all the savings products, Republic Bank’s CDs have the best rates. You’ll need a minimum $1,000 opening deposit on these terms:

  • 6-month CD: 2.00% APY
  • 11-month CD: 4.50% APY
  • 12-month CD: 4.25% APY
  • 15-month CD: 3.50% APY
  • 18-month CD: 2.65% APY
  • 24-month CD: 2.75% APY
  • 36-month CD: 3.50% APY
  • 48-month CD: 3.75% APY
  • 60-month CD: 4.00% APY

Personal loans and lines of credit

With Republic Bank, you’ll find unsecured personal loans up to $10,000, as well as a credit builder program to help you improve your credit score in one year. The bank also offers auto loans, personal aircraft loans and marine craft loans.

Credit cards

Republic Bank’s line-up of credit cards consists of two rewards cards with 0% introductory annual percentage rate (APR) offers and a secured card to help you build your credit history. The secured card is the only one with an annual fee ($50).

Mortgages and home equity

If you’re looking to buy a home or tap into existing equity, Republic Bank has a wide range of products to help. It offers:

  • Conventional mortgages
  • Jumbo mortgages
  • Contingency relief loans
  • Home equity loans
  • FHA loans
  • VA loans
  • USDA loans
  • Kentucky Housing loans
  • Lot and land loans
  • Mortgage refinancing
  • Cash-out refinancing

Business banking

If you’re a business owner, Republic Bank has a range of services to help you manage your finances:

  • Business checking accounts
  • Business savings accounts
  • Commercial accounts
  • Business loans and lines of credit
  • Business credit cards
  • Equipment leasing

Republic Bank rates

Republic Bank’s CD rates are well above the national average, according to the Federal Deposit Insurance Corporation (FDIC), but its savings account and money market rates fall flat. This table compares Republic’s rates with the national average.

*All rates accurate at time of publishing.

Republic Bank fees

Republic Bank charges all of the same fees you’ll find at traditional banks, including monthly fees for various accounts. However, some of its fees are higher than average. For instance, its outgoing international wire transfer is $60, which is one of the highest amounts we’ve seen. Also, it charges $36 for overdrafts, while most overdrafts are around $30.

Republic Bank has these fees:

  • $3.50 for non-network ATMs
  • $36 for overdrafts
  • $8 daily overdraft fee (starts on the third day of your account being overdrafted)
  • $36 for stop payment requests
  • $30 for incoming wire transfers
  • $30 for domestic outgoing wire transfers
  • $60 for international domestic wire transfers

How does Republic Bank compare?

Republic Bank’s savings account options pale in comparison to what you’ll find with similar institutions like CIT Bank and PNC Bank. If you live in either bank’s service area, you may earn more interest overall with one of these options.

Republic Bank FAQ

Does Republic Bank use Zelle?

Yes, Republic Bank uses Zelle, so you can exchange money with friends and family inside Republic Bank’s online system and mobile banking app.

Where is Republic Bank available?

Republic Bank is available if you live in Florida, Indiana, Kentucky, Ohio and Tennessee.

Did Bank of America buy Republic Bank?

No, Bank of America bought Merrill Lynch in July 2010, and then sold off First Republic Bank, which was part of the acquisition deal. First Republic Bank is not the same institution as Republic Bank.

Is Republic Bank and Republic Bank and Trust the same company?

Yes, Republic Bank is the same as Republic Bank & Trust Company. It’s just called Republic Bank for short. The bank’s parent company is Republic Bancorp.

Is Republic Bank legit?

Republic Bank is headquartered in Louisville, Kentucky and operates as the 190th largest commercial bank in the United States. The bank is FDIC-insured and manages over $6.5 billion in assets, as of the latest Federal Reserve data.

  • Recent
  • Oldest
  • Most helpful
Select stars to rate your experience
Very dissatisfied with the experienceDissatisfied with the experienceSatisfied with the experienceHappy with the experienceWould recommend to a friend

A link has directed you to this review. Its location on this page may change next time you visit.

Loading more reviews...

Republic Bank Company Information

Company Name:
Republic Bank
P.O. Box 70749
Postal Code:
United States