The bank's standard checking account maintains a monthly fee of $15.00, making it a rather expensive bank for checking.

Cathay Bank has a fair savings rate other popular banks have higher rates. SmartAsset experts rated Cathay Bank 3.4 out of 5 stars, indicating that it is a satisfactory bank that you should further scrutinize to see if it fits your needs.Ĭathay Bank provides customers with a mixture of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. Cathay Bank, whose headquarters are in Los Angeles, California, lacks premium access to customer service, with no options for live chat or all-day service. Started in 1962, Cathay Bank has $23 billion in assets and deposits totaling $19.12 billion, which makes it a very large bank.