Firstatlantic Bank

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First Atlantic Bank took over Center Bank's San Marco location. Since doing so, they have incrementally shifted numerous requirements for certain bank accounts. For instance, to maintain the benefits of the Treasure Checking account, they changed the debit transaction requirement from 10 to 20. They then limited foreign atm fee reimbursement to $20/month, where it had been unlimited before. This is important because First Atlantic is a community bank and you cannot find one of their ATMs outside of Jacksonville. They will tell you that you can use the presto atms at Publix, but again, Publix is a relatively small grocery chain without a national footprint. Finally, they began charging their own fees for foreign atm usage. Basically, they have nickle and dimed to the point that I am being forced to close my account.

I would assign a single star rating to this bank if not for the people who work there who are typically courteous. I have been banking there for almost eight years; initially they offered a high interest rate on their "Treasure Checking" (about 4%) providing their requirements of 10-debits and 1-automatic withdrawal were met, entirely reasonable given the interest rate they provided at the time so they could build their deposits. Since then, they have systematically reduced the rate. Additionally, if all requirements are not met, the interest is a paltry .03% which is somewhat of an insult. The final straw arrived via their recent announcement that they now require twice as many debit transactions (20) to qualify for their already reduced higher tier rate. No thanks-- when I start to feel that a bank benefitting from my capital has policies which approach being punitive in nature or which require too much effort to satisfy, I'll take my money to one of the MANY better alternatives available today. Sayonara FirstAtlantic!