B MyBankTracker Rating

Principal Bank

About Principal Bank

The Principal Financial Group (The Principal) is a leading global financial company offering businesses, individuals and institutional clients a wide range of financial products and services.

MyBankTracker rated based on the following criteria that includes real customer reviews and bank fees, among others. Our bank report card is a proprietary rating system that highlights the financial health and stability of the bank. See how it’s rated.

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Customer Reviews

Most Helpful Principal Bank Bank Customer Reviews

  •  
    M
    Reviewed By marktorr Mar 10, 2016

    account closing

    Called to find out what i had to do to close account. After filling out everything, with enclosed voided check for direct deposit of my funds, i get an email saying they need additional information. Even though my address has never changed, nor email. And answered every possible question they can ask correctly. I have to download and have notarized yet another paper....they just delay and play games with your money...now

    Thank you for your feedback Is this review helpful?
  •  
    M
    Reviewed By marieb Nov 8, 2015

    Super difficult to get 401k disbursement - antiquated process

    I am writing about the process of transferring an old 401k out of Principal - which has been charging me high fees of $15 a year for nothing. Unlike 401k disbursement from other institutions - this bank has a super complicated process, probably to prevent people from transferring their money into better, lower cost institutions like Fidelity.

    Check the fees, they're high and then shop around for a modern digital bank that will enable these steps to be taken care of online - just like everything else we do currently in the present digital age.

    Thank you for your feedback Is this review helpful?

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  • Type Fee National Average
  • Monthly Inactivity N/A
  • Non-Sufficient Fund (Overdraft) N/A 0
  • Stop Payment item N/A 0
  • Return Deposit N/A 0
  • Domestic Wire Transfer (Outbound) N/A 0
  • Domestic Wire Transfer (Inbound) N/A 0
  • Non-Bank ATM N/A