Here are the main commercial banks operating in Puerto Rico, offering a range of financial services including checking/savings accounts, loans, credit cards, and business banking:
1. Banco Popular de Puerto Rico (Popular Inc.)
- Largest and oldest commercial bank in Puerto Rico
- Offers personal, commercial, and investment banking
- Wide ATM and branch network across the island
- Mobile and online banking services available
2. FirstBank Puerto Rico
- Major full-service bank offering personal and corporate banking
- Popular for home mortgages, auto loans, and small business services
- Branches across Puerto Rico, U.S. Virgin Islands, and Florida
3. Oriental Bank (OFG Bancorp)
- Known for competitive savings accounts, credit cards, and insurance products
- Strong presence in Puerto Rico with modern banking technology
- Acquired Scotiabank’s operations in Puerto Rico in 2020
4. Banco Cooperativo de Puerto Rico (Coop Bank)
- Provides wholesale banking to cooperatives (credit unions)
- Supports the cooperative financial sector rather than direct consumer banking
5. Citibank Puerto Rico (Limited Services)
- Focuses more on commercial and institutional banking
- Fewer branches and retail services than local banks
6. U.S. Federal Credit Unions & Co-operatives
- Many credit unions (cooperativas) operate locally, offering community-based banking
- Examples: Cooperativa de Ahorro y Crédito de Arecibo, Coop Zeno Gandía
Digital and FinTech Services
- International platforms like PayPal, ATH Móvil (popular in PR), Venmo, and Cash App are widely used for mobile payments.
