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Banco Popular

Banco Popular. By: Karin Rodriguez. History.

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Banco Popular

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  1. Banco Popular By: Karin Rodriguez

  2. History The bank was founded in Puerto Rico in 1893 when the island was still under Spanish administration and was led in its early stages by Sr. Rafael Carrión. During the 1970s, the company's commercials were very popular on Puerto Rican television: they presented a balding, middle aged man in a white tee shirt, announcing the company in a comic way. The 1970s also saw a giant step in the development of Banco Popular as Puerto Rico's biggest bank, when it bought two-thirds of the Banco de Crédito y Ahorro Ponceño. By buying this bank, Popular entered the credit-card industry. During the following decades, Banco Popular put a lot of emphasis on the company's public image. It was during the 1980s, after Rafael Carrion, Sr.'s death, that Richard L. Carrión took over as President of the corporation. In 1989, the bank introduced a children's savings service with a bear, "Populoso", as its mascot. The Club del Ahorro, or Savings Club, was and still is intended to encourage children to open savings accounts and keep track of their money.

  3. History Hundred seventy-seven years of service. Popular is a financial conglomerate service that has been operating in Puerto Rico for almost 115 years and in the United States for over 52 years. In recent years, it has expanded into other areas of the Caribbean and Central America. It is better known as Banco Popular, but it is also known as BPPR for Banco Popular of Puerto Rico; Popular, Inc. is the parent company of Banco Popular de Puerto Rico, Banco Popular North America, Evertec, E-Loan, and several other companies. World Headquarters are based in Washington D.C.. The headquarters of Banco Popular Puerto Rico is located in Hato Rey, Puerto Rico.

  4. Location Banco Popular is a International bank. This bank is found in Puerto Rico, United States, Virgin Island, and other countries, such as Dominican Republic and Costa Rica.

  5. Services Offered • Checking Accounts • Saving Accounts • Borrowing • Investing Bank • Credit Cards

  6. Checking Account (Totally FREE Checking) • FREE access to Allpoint ATM network of over 35,000 ATMs nationwide. • Free unlimited check writing. • No minimum balance required. • No monthly service charge. • No direct deposit requirement.

  7. Checking Account (Basic Interest Checking) • For those who maintain an average monthly balance of $250 or more. • FREE access to Allpoint ATM network of over 35,000 ATMs nationwide. • Competitive interest. • Only a $250 minimum average monthly balance to avoid a monthly service charge.** • Only a $5 monthly service charge if average monthly balance drops below $250. **Customers have a grace period of one statement cycle before the average monthly balance applies.

  8. Checking Account (50+ FREE Interest Checking) • FREE access to Allpoint ATM network of over 35,000 ATMs nationwide. • Competitive Interest. • No minimum balance. • No monthly service charge. Requires five transactions per month.* • No direct deposit requirement. *Totally free checking an 50+ free interest checking have no minimum balance req. and do not have monthly fees when the accounts maintain five or more transactions per month.

  9. Checking Account (Popular Investor Checking ) • For those interested in higher interest. • FREE access to Allpoint ATM network of over 35,000 ATMs nationwide. • Higher interest rate paid when an average monthly balance of $1,000 or more is maintained. • FREE standard checks. • Only a $1,000 average monthly balance to avoid a service charge.** • Only a $10 monthly service charge if the average monthly balance drops below $1,000. **Customers have a grace period of one statement cycle before the average monthly balance applies.

  10. Savings (Relationship Savings) • A bonus rate when linked to your retail checking account.* • No monthly service changes if you maintain a minimum balance of $250.** • Free online and telephone banking • Free online statements • An ATM card for easy access to Popular ATMs nationwide • Withdraw from your account up to six times per month.*** • Transfers from your checking account. * **If the balance falls below the $250 minimum balance req. or a regularly scheduled deposit does not occur. Monthly service charge of only $4 will apply. ***

  11. Savings(CD’s – Certificate of Deposit) • A bonus rate when linked to your consumer checking or savings accounts, for qualifying balances. • 10-day grace period between maturity and renewal. • Free online and telephone banking.

  12. Savings(Money Market Account) • A bonus rate when linked to your retail checking account. • Free access to more than 35,000 ATMs nationwide. • Free online and telephone banking. • Free online statements. • Withdraw from your account up to six times per month.** • Transfers from your checking account.

  13. Savings (Others) • IRA. • Education Planning.

  14. Borrowing • Mortgage • Home Equity • Personal Loan • Auto Loan

  15. Investing • Retirement Planning • Educational Planning • Low to No Tax Investing

  16. Credit Cards • Platinum XTRA Card • Platinum Card • Secured Card

  17. No annual fee for the first year. 0% introductory APR on balance transfer for nine months from the transfer date. Purchase APR's as low as prime + 7.99%. Free auto-enrollment in Popular Rewards. Additional cards at no cost. Additional benefits for our customers: Bilingual customer service, MasterAssist Travel Assistance Service. Purchase Assurance Coverage. Enhanced Warranty Coverage Master RoadAssist Service. Platinum XTRA Card

  18. No annual fee. 0% introductory APR on balance transfer for nine months from the transfer date. Purchase APR's as low as prime + 7.99%. Free auto-enrollment in Popular Rewards. Additional benefits for our customers: Bilingual customer service. MasterRental Insurance. Purchase Assurance Coverage. Enhanced Warranty Coverage. Master RoadAssist Service. Platinum Card

  19. Fixed APR of 18.99% on purchases. $20 annual fee. Easy access to cash. Additional benefits for our customers: Bilingual customer service. MasterRental Insurance, Purchase Assurance Coverage. Enhanced Warranty Coverage. Master RoadAssist Service. Secured Card

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