Live Oak Bank Reviews 1,712

TrustScore 4.5 out of 5

4.6

While we don't verify specific claims because reviewers' opinions are their own, we may label reviews as "Verified" when we can confirm a business interaction took place. Read more

To protect platform integrity, every review on our platform—verified or not—is screened by our 24/7 automated software. This technology is designed to identify and remove content that breaches our guidelines, including reviews that are not based on a genuine experience. We recognise we may not catch everything, and you can flag anything you think we may have missed. Read more

Review summary

Based on reviews, created with AI

Reviewers overwhelmingly had a great experience with this company. Customers appreciate the bank's commitment to providing excellent service, with many highlighting the professionalism, knowledge, and courtesy of the staff. Consumers consistently mention the ease of opening and managing accounts, as well as the promptness and helpfulness of the employees when addressing questions or concerns. People also value the bank's efficient processes, which make transactions simple and fast. Consumers are particularly pleased with the user experience, finding the platform user-friendly and the website simple to navigate. Reviewers also appreciate the competitive interest rates offered on savings accounts and CDs. The consensus is that Live Oak Bank provides a superior banking experience compared to other institutions, with a strong emphasis on customer satisfaction and efficient service delivery.

Based on these reviews

Rated 5 out of 5 stars

Brandon Hayes was the absolute best! He made the process smooth and seamless. He was very attentive to any questions we had and responded promptly throughout the entire process. Live Oak Bank definite... See more

Company replied

Rated 5 out of 5 stars

Opening and managing our accounts through Live Oak has been easy. I love knowing I can call and speak to someone who will be thoughtful, kind, and helpful whenever I want - and that I haven’t needed t... See more

Company replied

Rated 5 out of 5 stars

The employees are always prompt to return my calls. The receptionist is most pleasant and answers our questions or will immediately find assistance. We are very pleased with Live Oak and will contin... See more

Company replied

Rated 5 out of 5 stars

As a newer business owner, we had some big changes occur that led me to reach out for the possibility of an SBA loan. The team ant Live Oak was awesome to work with from start to finish. Drew and Chri... See more

Company replied

Rated 4 out of 5 stars

Great online banking platform. Great interest rates on savings accounts. Would give 5 stars if 1) there were some locations near me, 2) there wasn't a 4-5 day hold on transfers from other banking ins... See more

Company replied

Rated 5 out of 5 stars

I recently got an SBA loan through Live Oak Bank, and the experience was excellent. Kara was my initial contact and made the document submission process smooth and easy. Sean, my closing agent, ha... See more

Company replied

Rated 5 out of 5 stars

I feel it takes security seriously; the verification code is not visible on a text unless you open the text (someone could not see it on a notification by picking up your phone). They take extra step... See more

Company replied

Rated 1 out of 5 stars

Couldn't even be bothered to try to get any of our information correct. Right from the first distribution trying to originate the loan the employee didn't get emails correct, waited days to close the... See more

Company replied

Rated 5 out of 5 stars

I had never heard of this bank until I randomly stumbled across their bonus promotion. I am usually leery of small, newer banks that are unfamiliar. Their only physical branch is in North Carolina and... See more

Company replied

Rated 5 out of 5 stars

Live Oak Bank does an excellent job of growing my money. They occasionally have special savings account offer that make it grow even faster. They keep their savings rate very competitive though not al... See more

Company replied

Rated 5 out of 5 stars

I have been a customer of BBT/Truist since moving to NC 15 years ago. BBT was one of the first places I went to upon arriving. From that 1st day through today, I've never had an issue with what i... See more

Company replied

Rated 5 out of 5 stars

Good rates. Easy to set up accounts online. Good customer service, though wait times are getting longer. Wish there were more alerts available for account balances and transactions via text or email.... See more

Company replied

Rated 5 out of 5 stars

As a Business Broker, I work with several banks and their representatives. The Live Oak team led by Nick Padio and Sandy McGrath recently led the way through getting an SBA loan funded for a successf... See more

Company replied

Rated 5 out of 5 stars

Live Oaks Bank for me is one of the best online banks for several reasons. First their Customer Service is excellent as they always help me resolve my banking issues and very courteous. They really ta... See more

Company replied

Rated 5 out of 5 stars

Nice to put $$$ in a NC bank that generally pays top tier interest equal to or better than the big boy national banks. Also appreciate the focus on small business lending and demographic info about w... See more

Company replied

Rated 5 out of 5 stars

Live Oak's representative was very gracious and professional and answered my questions completely. She also helped me set up for mobile deposits as our previous treasurer had not done so. I saw recen... See more

Company replied

Rated 5 out of 5 stars

Live Oak Bank has real people who answer the phone and take whatever time necessary to answer questions and walk through processes. Having only worked with brick and mortar banks, I was a bit cautiou... See more

Company replied

Rated 5 out of 5 stars

The Live Oak team is great to work with. They are very knowledgeable regarding broad business functions and needs while also a great attention to the small details of the process. Nick, Sandy and Del... See more

Company replied

Rated 5 out of 5 stars

This small bank is showing that it can compete with the big ones. They offer great rates on savings and CDs, and opening an account is easy. When I needed help, a representative was on the phone quick... See more

Company replied

Rated 5 out of 5 stars

Andrea Garnett made this deal one to remember. Her and the entire team at Live Oak provided a smooth transition for both the buyer and seller. She always communicated to us next steps and set clear... See more

Company replied

Rated 3 out of 5 stars

I have a savings account with Live Oak as they typically have competitive rates on savings accounts. However, they've twice hit me with $10 fees when outbound transfers to other banks failed.... See more

Company replied

Rated 4 out of 5 stars

Services are great, but sometimes difficult to find the right person for the question. I use LOB for my business but wondering if I should be using it for personal. If I use for personal not sure ho... See more

Company replied

Rated 1 out of 5 stars

In order to receive the $200 bonus for a new account, they, for all practical purposes, freeze any funds you already possess in your primary account. If you transfer funds out of your primary account... See more

Company replied

Rated 3 out of 5 stars

Live Oak banks people were great, your online menu service was terrible for my android phone. Customer service people were patient and knowledgeable. It took several days and multiple hours to open a... See more

Company replied

Rated 1 out of 5 stars

Closing was done last minute, when it didn't have to be. Documents that had been submitted 4+ weeks in advance are being kicked back last minute for updates when they could have been kicked back week... See more

Company replied

Rated 5 out of 5 stars

My wife & I just opened savings accounts with Liveoak Bank. Our experience was terrific. Specifically, Caleb was very patient with us! He was professional, knowledgeable and courteous. We will gladly... See more

Company replied

Rated 5 out of 5 stars

One of the best online banks - First they offer at near the very top the best savings rates online. Easy to navigate website online and using mobile app is great! They don't set tier limits on bal... See more

Company replied

Rated 5 out of 5 stars

The Loan specialist officer Brittany Vangritis was phenomenal in every respect. Her response quick, her knowledge immense, going out of the way to help us. Just made the experience so smooth, easy... See more

Company replied

Rated 5 out of 5 stars

LiveOak’s customer support has been step above the rest. The reps are courteous, genuinely listen, and address questions without reading from a script. I’m helped by the first person I reach—no endles... See more

Company replied

Rated 3 out of 5 stars

I’ve been working with live oak for about a year now and I have a mixed opinion. The range of features on the website site is limited and the web user interface is poor. However customer service on th... See more

Company replied

Rated 5 out of 5 stars

We just closed on our second storage facility acquisition using a SBA loan through Live Oak Bank. Everyone was great to work to with and we hope to use them for a new deal in the future. All interac... See more

Company replied

Rated 5 out of 5 stars

I switched my business banking from Chase to Live Oak and have been delighted by Live Oak's service and high APY. I opened several CDs with just a few clicks, whereas Chase required in-person meetings... See more

Company replied

Rated 5 out of 5 stars

I had a little trouble setting up my account, the autofill on my computer put a 1 in front of my phone number, which made it an 11 digit number instead of a 10 and I wasn't able to recover my acco... See more

Company replied

Rated 5 out of 5 stars

The team at Live Oak held my hand through every step of the process. They never hesitated to jump on a call or respond to a text or email when I had questions or needed reassurance. They turned a daun... See more

Company replied

Rated 5 out of 5 stars

Since I opened an account with Live Oak, I hardly use human services , but the times when I have questions, requirements, my experience has been fully satisfied. Especially knowing you will talk to a... See more

Company replied

Rated 4 out of 5 stars

LiveOak has great customer service and one of the best savings rates. The website is simple and user friendly. The one improvement I would like is the ability to have buckets in their savings accou... See more

Company replied

Rated 4 out of 5 stars

Liveoak is a great bank. Their rates are great and their customer service is excellent. The only minor complaint I have is that their website could be a little better. It's easy to get confused whe... See more

Company replied

Rated 4 out of 5 stars

All of the people that we have dealt with at Live Oak bank have been extremely competent and very nice to deal with. It has been a much better experience than prior banks that we dealt with. I did not... See more

Company replied

Rated 1 out of 5 stars

Never do a personal guarantee. We felt that we had no choice and a few years later, we had to sell our home and they took all the profit from the sale and we were homeless for a period of time. My hus... See more

Company replied

Rated 3 out of 5 stars

We are a small not for profit company with a business savings account, and we need the ability to have more than just one person to be able to move funds in and out of the account. Normally a board... See more

Company replied

Rated 5 out of 5 stars

Live Oak Bank is a local bank with great service and interest rates for savings. It's easy to set up and manage, too. After years of receiving, effectively, negative interest on my savings with Chase... See more

Company replied

Rated 1 out of 5 stars

Customer support is non existent. Everything I was told is NOT accurate. Also trying to get into account on the weekend is impossible with NO ONE to call. I also received an email with encouragement... See more

Company replied

Rated 5 out of 5 stars

Just finished closing on a self storage facility. Amber and JonMark were incredible to work with. We had some challenges with the closing but JonMark and Amber's communication and assistance through... See more

Company replied

Rated 5 out of 5 stars

I have been a consumer customer of Live Oak Bank for the last decade and have found them to be easy to work with and they offer competitive rates on the savings accounts and CDs. I especially appre... See more

Company replied

Rated 4 out of 5 stars

I have been happy with the services in general. The good interest rate keeps me here. When visiting the home office a girl was eating at the front desk. Dress was less than business professional and i... See more

Company replied


Company details

  1. Bank
  2. Savings Bank

About Live Oak Bank

Written by the company

Live Oak Banking Company

Live Oak Banking Company
Live Oak Bank has had the privilege of helping thousands of passionate, driven people turn their dreams into reality. These everyday heroes aren’t in it for the fortune or the fame. They’re in it to make a difference, just like we are.

Live Oak Bank has had the privilege of helping thousands of passionate, driven people turn their dreams into reality. These everyday heroes aren’t in it for the fortune or the fame. They’re in it to make a difference, just like we are. As one of the last banks to get a charter before the start of the Great Recession, Live Oak emerged out of the rubble of 2008 as the first bank to keep the customer at the center of the business model. We put a groundbreaking spin on what banking could be, focused on service and technology to redefine banking. Live Oak is a digital, cloud-based bank serving small business owners in all 50 states. We are America's premier SBA lender and our mission is to be America’s small business bank. We aim to fulfill that mission through banking products that help business owners buy, build and expand, along with FDIC-insured high-yield savings and CDs to grow their hard-earned money. Our family of companies under the holding and parent company Live Oak Bancshares (NYSE: LOB), and our subsidiaries, partner with businesses who share a groundbreaking focus on service and technology to redefine banking. Our mantra is to treat every customer like the only customer and our mission is to be America’s small business bank.

Business Loans
Business Banking
Personal Banking

Contact info

4.6

Excellent

TrustScore 4.5 out of 5

2K reviews

5-star
4-star
3-star
2-star
1-star

Replied to 100% of negative reviews

Typically replies within 48 hours

How this company uses Trustpilot

See how their reviews and ratings are sourced, scored, and moderated.

Companies on Trustpilot aren't allowed to offer incentives or pay to hide reviews. Reviews are the opinions of individual users and not of Trustpilot. Read more

Rated 5 out of 5 stars

Ease of accessing accounts and funds…

Ease of accessing accounts and funds online; rate of interest

27 January 2026
Live Oak Bank logo

Reply from Live Oak Bank

Kelly, we appreciate your support and are glad to hear things went well. Thanks for banking with Live Oak!

Rated 5 out of 5 stars

Customer service made it very easy to…

Customer service made it very easy to reactivate an account I had previously.

3 February 2026
Live Oak Bank logo

Reply from Live Oak Bank

Sandra, thank you for being a Live Oak customer! We’re so glad our team could make your experience a great one.

Rated 1 out of 5 stars

Really disappointed that this bank…

Really disappointed that this bank doesn't give daily amounts of interest earned. I've also had a few calls to customer service reps as I was new at the time. They seem unfriendly, cold, and not happy with their jobs.

2 February 2026
Live Oak Bank logo

Reply from Live Oak Bank

We are sorry your experience didn't meet expectations. Unfortunately, we are unable to provide daily accrual in advance or ahead of month-end since interest earned is not posted to your account until the month closes. We've shared your feedback with our team. Should you like to discuss further, our Customer Success Team is ready to help at 866.518.0286, Monday to Friday, 8:00 a.m. to 11:00 p.m. ET.

Rated 5 out of 5 stars

The employees are always prompt to…

The employees are always prompt to return my calls. The receptionist is most pleasant and answers our questions or will immediately find assistance. We are very pleased with Live Oak and will continue with them for here on.

25 January 2026
Live Oak Bank logo

Reply from Live Oak Bank

Patricia, thank you for being a Live Oak customer! We’re so glad our U.S.-based customer service team could make your experience a great one.

Rated 5 out of 5 stars

I took advantage of Live Oak bonus…

I took advantage of Live Oak bonus offer for savings and no issues. Easy online transactions and great rate for CD as well. No problems to report.

27 January 2026
Live Oak Bank logo

Reply from Live Oak Bank

John, we’re thrilled to hear you had a great experience with your high-yield savings account. Thanks for choosing Live Oak - we’re here to help you keep growing.

Rated 5 out of 5 stars

Very good Customer Service

Very good Customer Service, and good rates

27 January 2026
Live Oak Bank logo

Reply from Live Oak Bank

Che, we’re thrilled to hear you had a great experience. Thanks for choosing Live Oak - we’re here to help you keep growing.

Rated 5 out of 5 stars

Excellent support

I'm particularly impressed with the customer service. If you need to call them you can actually speak to an individual.
Their rates seem to me to be competitive with other banks.

25 January 2026
Live Oak Bank logo

Reply from Live Oak Bank

Brenda, thank you for being a Live Oak customer! We’re so glad our team could make your experience a great one.

Rated 5 out of 5 stars

Live Oak Bank has one of the best…

Live Oak Bank has one of the best returns on their high-yield savings account! Great customer service too!

25 January 2026
Live Oak Bank logo

Reply from Live Oak Bank

Adam, we’re thrilled to hear you had a great experience with your high-yield savings account. Thanks for choosing Live Oak - we’re here to help you keep growing.

Rated 5 out of 5 stars

CD purchase

Easy to purchase CD’s but wished that this bank has a little higher interest rate.

18 January 2026
Live Oak Bank logo

Reply from Live Oak Bank

Moni, thanks for sharing your experience. We’ll pass your feedback along to the team - it means a lot.

Rated 2 out of 5 stars

Online banking not as capable as I thought

Many little irritations over the 3-4 months that I've been getting signed up. Should have taken only a few days. I'm switching banks for two businesses because we're I am is not as tech savvy with online banking as I would like. Turns out, neither is LiveOak. Worst problem is that I have to use a browser other than Apple Safari to get in. I live in the Apple Ecosystem and one would think that the browser for the largest tech company in the world would be a target for use by LiveOak Bank. No such luck. I'm gone.

22 January 2026
Live Oak Bank logo

Reply from Live Oak Bank

Neil, thank you for sharing your experience. Your feedback has been shared with the team.

Rated 5 out of 5 stars

Brandon Hayes was the absolute best!

Brandon Hayes was the absolute best! He made the process smooth and seamless. He was very attentive to any questions we had and responded promptly throughout the entire process. Live Oak Bank definitely has an asset in Brandon. Brandon, thank you again for the amazing experience!

16 January 2026
Unprompted review
Live Oak Bank logo

Reply from Live Oak Bank

David, thank you for the kinds words! We are thrilled Brandon could make your experience a great one.

Rated 5 out of 5 stars
Live Oak Bank logo

Reply from Live Oak Bank

Thanks for the kind words, Stephen! We’re proud to be your banking partner and excited to support your journey ahead.

Rated 5 out of 5 stars

Opening the account took a few extra…

Opening the account took a few extra steps but the staff was very accommodating and accessible in working through the steps that was not clearly outlined on the website.

19 January 2026
Live Oak Bank logo

Reply from Live Oak Bank

Thank you for being a Live Oak customer and sharing your experience. We’re so glad our team could step in and make your experience a great one.

Rated 5 out of 5 stars

Excellent customer service.

Excellent customer service.

19 January 2026
Live Oak Bank logo

Reply from Live Oak Bank

Thank you for being a Live Oak customer! We’re so glad our team could make your experience a great one.

Rated 5 out of 5 stars

ease of use.

7 January 2026
Live Oak Bank logo

Reply from Live Oak Bank

Debra, thank you for sharing your experience! We are glad to be your banking partner and support your journey ahead.

Rated 5 out of 5 stars

Overall was a great and positive…

Overall was a great and positive experience and helped us grow our company through acquisition. Will be using them again in the future.

21 January 2026
Unprompted review
Live Oak Bank logo

Reply from Live Oak Bank

Thanks for the kind words, Austin! We’re proud to be your banking partner and excited to support your journey ahead.

Rated 5 out of 5 stars

quick and easy

All done on my laptop late night when I had time.

5 January 2026
Live Oak Bank logo

Reply from Live Oak Bank

Steven, thanks for sharing your experience. We’re grateful to have you as part of the Live Oak community!

Rated 5 out of 5 stars

Online banking with helpful customer…

Online banking with helpful customer representative. I called and customer representative was able to answer all my questions.

4 January 2026
Live Oak Bank logo

Reply from Live Oak Bank

Ricardo, thank you for being a Live Oak customer! We’re so glad our team could make your experience a great one.

The Trustpilot Experience

Anyone can write a Trustpilot review. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.

Learn more about other kinds of reviews.

We use dedicated people and clever technology to safeguard our platform. Find out how we combat fake reviews.

Learn about Trustpilot’s review process.

Here are 8 tips for writing great reviews.

Verification can help ensure real people are writing the reviews you read on Trustpilot.

Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.

Take a closer look