There are certain points which are considered while reviewing a bank. Some important ones are quality of customer services, quality of products offered, rates charged, quality of management personnel, background, Security, Privacy and so forth. A bank review is basically to provide a bank rating on these criterions. One of the pioneers in the internet banking providers Ascencia Bank, headquartered in Louisville, Kentucky, was formed by Porter Bancorp Inc in February 1999 to provide excellent services and products to the community. At the time of the bank’s inception the internet banking was at its initial phase. Many research and development was going on to make it a success. As soon as it was launched, banking over internet became an instant success. As the bank is one of the initiators of the internet banking phenomenon, it not only gained from the services it provided but also left its mark in banking field. Porter Bancorp Inc was formed after amalgamating six bank holding corporations. This amalgamation gave it an edge against its competitors as it had many great banking professionals in its management. Originally, Ascencia Bank had its name as USAccess bank which was changed to its current one in August, 2002.

Since the beginning the bank had its goal of providing low-priced quality products and customer services which were way above than the other banks. In achieving this, the bank offers higher rates on the deposits, charges lower fee and a problem free banking over internet. With a passion to serve its customer better the bank provides almost all of its financial services to all the 50 states in the USA through internet. It offers lending products as well in certain parts. The bank is regarded as an important name in equal housing lending banks. Apart from providing quality products and services, the bank offers security to its customer deposits as all it deposits are guaranteed by FDIC. Not only that it has also participated in FDIC’s Transaction Account Guarantee Program which provides a guarantee to all non interest bearing transaction accounts.

The bank has very efficient and well trained staff also to look after the needs of their online customers. As the management consists of a team of experienced banking professionals, all efforts are undertaken to train the staff for the quality services. The bank strives to make sure that any unwanted user can not access the customer accounts. For this, all the customers are provided with unique log in id and passwords. The bank takes care of the back end operation so that any unwanted incident is averted. It also gives importance to the customer data privacy. The bank protects the customer data through using latest software and security techniques. The future of internet banking seems to be very bright.

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Contact Information -

Website:
http://www.ascenciabank.com/

Phone Number:
1-877-3MYBANK
8:30AM – 5:30PM Mon – Fri

Address:
Ascencia
P.O. Box 436029
Louisville, KY 40253

Minimum Balance
Money Market/Savings: $1000
CDs: $500

Interest:
Compounded Monthly

ATM Withdrawal Fees:
Six withdrawals per month at no charge.

Fees:
Outgoing Domestic Wire Transfers: $15
Overdraft Charge: $25
Account Research: $20/hr
Cashier’s Check: $5
Money Market Account Excessive Withdrawal: $15
Below minimum balance fee for Money Market: $5