Newtek Bank Reviews 247

TrustScore 4.5 out of 5

4.6

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Review summary

Based on reviews, created with AI

Reviewers overwhelmingly had a great experience with this company. Customers consistently praise the staff for their exceptional service, knowledge, and professionalism. Many reviewers specifically commend individual staff members by name, highlighting their patience, helpfulness, and dedication to resolving issues. People appreciate the prompt and efficient responses they receive, noting that their questions are answered quickly and thoroughly. Consumers are particularly pleased with the customer service, describing it as stellar and platinum-level. The responsiveness of the team is a recurring theme, with reviewers expressing gratitude for the proactive communication and the willingness to go above and beyond to accommodate their needs. While there are mixed opinions regarding payment processes, the overall sentiment towards the service provided by the company remains highly positive.

Based on these reviews

Rated 5 out of 5 stars

I've had several online banking accounts. Newtek surpass them all by flying colors. First their customer service they know what they're talking about. I have been extremely satisfied. Like most thing... See more

Rated 5 out of 5 stars

I was having difficulty with the online portal and needed help. I accessed the chat assistant, and was connected to Gina L. After going back and forth with questions, Gina offered to call me!! Then... See more

Rated 5 out of 5 stars

Over the last 12 months, I've done a lot of interest chasing. I've dealt with about 8 different institutions. Newtek beat them all hands down in the following areas: 1. Communication; constantl... See more

Company replied

Rated 5 out of 5 stars

So far, so good. I was corresponding with Michael Mann, who answered all my questions promptly and thoroughly, and helped me with a few concerns I had upon setting up our new account. I do wish the tr... See more

Company replied

Rated 1 out of 5 stars

"Warning: Newtek Bank takes a massive amount of personal data and charges high fees, yet they use every possible excuse to deny your loan. It seems they are more interested in collecting fees than act... See more

Company replied

Rated 5 out of 5 stars

I've had to call in twice for assistance with my online savings account, and Mark S. helped me both times and exemplified the kind, patient, knowledgeable, professionalism one would expect but rarely... See more

Rated 5 out of 5 stars

Ja’Kira was the representative who returned my call. After verifying my ID she was able to help me with opening a new savings account step by step. She explained thoroughly how funds can be transferre... See more

Rated 5 out of 5 stars

I am a new customer with Newtek Bank. I am very particular who I do business with and I have several accounts with different companies. I have to say that my experience with Newtek Bank has been excel... See more

Rated 5 out of 5 stars

For a purely Online Bank, you’d hope they have top notch customer service… Especially when they don’t have to pay for brick & mortar locations, staff, etc. Even more impressive than their... See more

Company replied

Rated 5 out of 5 stars

Recently I had gotten locked out of the online banking system for exceeding the password attempts. I clicked on chat figuring I could do some work while I waited for the customer service rep to logon... See more

Rated 5 out of 5 stars

Newtek Bank makes it easy for me to save money by opening a CD with all sorts of time length options and competitive rates. Ja'Kira was nice enough to reply to my email for Newtek about important matt... See more

Company replied

Rated 5 out of 5 stars

This review is for Katie only. Katie (through secure messaging) has helped to update beneficiaries to my account at Newtek. She has been very prompt, efficient, and courteous in her responses. It is s... See more

Rated 5 out of 5 stars

I've had CD and Savings accounts with them for a while. While I chose them for their high quality products (HYSA, CD rates were great), I have also consistently impressed by their level of service and... See more

Company replied

Rated 5 out of 5 stars

While opening a new account, I initially had problems with the website. I requested a callback from customer support and Ja'Kira called me back promptly. She very patiently made sure that everything w... See more

Company replied

Rated 5 out of 5 stars

JA'KIRA WAS PLEASANTLY HELPFUL AND OPEN TO MY ASSISTANCE WITH TECHNICAL WORDS. It may be my best rapport with any bank support gal or guy to date. Thanks for her patience and the start of this move. (... See more

Company replied

Rated 5 out of 5 stars

My experience with Newtek Bank has been great. Their savings and CDs rates are higher than most other financial institutions. I've messaged their customer service via secure message and have had timel... See more

Company replied

Rated 5 out of 5 stars

I'll admit that the User Interface at Newtek isn't ideal - unlike with other CD servicers I've used, it isn't clear within my account how I might review renewal rates applicable to my CD or where (o... See more

Company replied

Rated 5 out of 5 stars

I needed to effect a transfer from my Newtek savings asap. Kimberly was very helpful in advising me how to get this done. She was knowledgeable , patient, kind and I very much appreciate her service t... See more

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Rated 1 out of 5 stars

The bank appears not to honor its obligations anymore. I am unable to return the balance from my CD account that matured on January 15. The bank doesn't process my money withdrawal request. Their... See more

Company replied

Rated 4 out of 5 stars

Recently opened a personal account and followed up with bank to bank transfer a few days later without problems. What new to me that the bank did not have any forms available on their web site, I cal... See more

Rated 1 out of 5 stars

Started off great. I thought this was going to be a company i could work with long term on many different service, but they turned out to be very dishonest and misleading. I didn't want to waste a mon... See more

Company replied

Rated 5 out of 5 stars

I'm a new customer who had some questions about their CD policies so I decided to give them a call. I was on hold for only a few minutes before a human being picked up. Mark Squires answered all my... See more

Rated 5 out of 5 stars

I haven't opened my account yet, but I will before this day is over. I spent the whole day comparing banks and their High Interest Savings accounts... and reading all the details. I narrowed it down t... See more

Company replied

Rated 5 out of 5 stars

Ann Adams from Business Support made the whole experience hassle free and gave us instant peace of mind. My business partner and I are new to online banking. Ann took the time to explain all our optio... See more

Company replied

Rated 5 out of 5 stars

Ja'Kira was very knowledgeable. She made me feel like a buddy, not just a customer. She deserves access to the options she was unable to utilize and a salary increase. She also has a soothing voice th... See more

Company replied

Rated 5 out of 5 stars

I have been with Newtek now for more than 2 years with multiple CDs. Their staff is absolutely exceptional and Newtek provides great cusotmer service. Recently I dealth with Ja'Kira and she was know... See more

Company replied

Rated 5 out of 5 stars

Went to website newtekbank.com, had to do chat session then get the phone number to business accts so I could ask a question about being able to open an acct for a non-profit. That call was answered q... See more

Company replied

Rated 5 out of 5 stars

Ja’Kira assisted me today in re my CD. She was professional, efficient, competent, very pleasant to speak with and resolved my issue. She is a credit to Newtek. Best regards Jim

Rated 5 out of 5 stars

Katie- Tier 2 Support Agent guided me through obstacles (created by me) while opening a new account adding a co-owner and beneficiary. She was very helpful and kind and patient with my failed attempt... See more

Company replied

Rated 5 out of 5 stars

I strongly recommend NewtekBank for anyone looking to place their cash in a high yield savings account. Their rates are extremely competitive and transfers in and out of the account could not be easie... See more

Company replied

Rated 5 out of 5 stars

Christopher is a complete gentleman and a scholar. His knowledge of the Newtek system and Banking is second to none. Promote this man or give him a raise, or both. Christopher, being in his curren... See more

Company replied

Rated 5 out of 5 stars

ANN FROM BUSINESS SUPPORT WAS ABSOLUTELY AWESOME. PLEASE CLONE HER!!! ANN WAS EXTREMELY PROFESSIONAL AND KIND. SHE EFFECTIVELY HANDLE MY CONCERNS AND MADE A VERY STRESSFUL MOMENT EASY. ANN THANK YOU.... See more

Company replied

Rated 5 out of 5 stars

I recently opened a CD with Newtek Bank for the second time, and once again, Michael Mann made the process seamless. He is responsive, knowledgeable, and incredibly efficient, explaining each step c... See more

Company replied

Rated 1 out of 5 stars

If I could give it a zero I would. I made one single transfer to this new savings account I opened with Newtek bank and have been unable to login to my account and access my money ever since. It’s bee... See more

Company replied

Rated 5 out of 5 stars

Ja’Kira was the extremely helpful and patient in resolving my technical issues. From start to finish the process took over a week and she made sure to follow the process through completion and reach b... See more

Company replied

Rated 5 out of 5 stars

I had the distinct pleasure of working with Yessica when my bank provided a different account number than the one I provided. Yessica went above and beyond in arriving at the correct account number, f... See more

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Rated 3 out of 5 stars

When my CD matured I went to transfer the funds but found no way to do it on the website. I did a Google search to find instructions. I found that I had to send a message to Newtek requesting the fund... See more

Rated 5 out of 5 stars

I am very happy with my customer service and assistance with my Newtek Online Banking accounts. Each time I needed help I was treated like a customer who was of value and all my questions/problems h... See more

Company replied

Rated 5 out of 5 stars

I had difficulties logging in. Michael remained on the phone as I attempted to log in, enter the security code, and access the information I needed. Since I am not tech proficient, the process took lo... See more

Company replied

Rated 5 out of 5 stars

I recently opened a personal savings account with Newtek. The application process was simple and quick. When I had log in issues their customer service representatives were incredibly helpful and qu... See more

Company replied


4.6

Excellent

TrustScore 4.5 out of 5

247 reviews

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1-star

Replied to 72% of negative reviews

Typically replies within 2 weeks

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Rated 5 out of 5 stars

Thank you Katie

I had a great experience. Katie was very helpful and answered all my questions clearly. She also responded very quick every time I reached out.

10 February 2026
Unprompted review
Rated 5 out of 5 stars

Highly recommend

I am extremely satisfied with my experience banking with Newtek Bank. Ja'Kira and their other service professionals I've interacted with have always been courteous, prompt and very helpful.

11 February 2026
Unprompted review
Rated 5 out of 5 stars

I've been with the bank both high yield…

I've been with the bank both high yield and 6 month CD about a year now. Higher yields than any brick and mortar banks and straight forward with both accounts. At this time I can state that all is good, no worthwhile issues, and much better yields make the online experience worth it.

11 February 2025
Unprompted review
Rated 1 out of 5 stars

"Warning

"Warning: Newtek Bank takes a massive amount of personal data and charges high fees, yet they use every possible excuse to deny your loan. It seems they are more interested in collecting fees than actually lending. Avoid them at all costs."

9 February 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for sharing your feedback. We understand the lending process can feel detailed, but our underwriting is governed by regulatory requirements and established credit standards. If you would like us to review your experience, please contact us directly. We are committed to transparency throughout the client experience.

Rated 5 out of 5 stars

Excellent Services

Quick response from Ja'Kira for my questions. Professional customer services.
Competitive interest rate.

10 February 2026
Unprompted review
Rated 5 out of 5 stars

CDs Maturing

I had a question and Katie was extremely helpful in guiding me to meet my objective.

It is a good institution to do business with.

9 February 2026
Unprompted review
Rated 5 out of 5 stars

I received excellent support

I received excellent support from Ja’Kira Price in Digital Banking. She was patient, knowledgeable, and resolved my issue quickly. I appreciate her professionalism and the clarity she provided.

4 February 2026
Unprompted review
Rated 5 out of 5 stars

I am a new customer with Newtek Bank

I am a new customer with Newtek Bank. I am very particular who I do business with and I have several accounts with different companies. I have to say that my experience with Newtek Bank has been excellent!! If you are looking for a business to bank with look at Newtek Bank first. They have stellar customer service and interest rate!! Platinum service for sure!!!!

6 February 2026
Unprompted review
Rated 5 out of 5 stars

Ja’Kira was absolutely outstanding

Ja’Kira was absolutely outstanding. She provided clear, professional, and timely assistance in helping me move my trust forward, update my beneficiary information, and request my verification letter. She explained each step thoroughly, ensured everything was handled correctly, and followed through without me having to chase updates. Her knowledge, attention to detail, and customer-focused approach made what could have been a complicated process feel smooth and stress-free. Truly excellent service.

5 February 2026
Unprompted review
Rated 4 out of 5 stars

No search and no forms on web site

Recently opened a personal account and followed up with bank to bank transfer a few days later without problems. What new to me that the bank did not have any forms available on their web site, I called and was told by rep if I wanted to name a beneficiary to acct, send secure msg. I was expecting a blank form but was told to reply to msg with name, SSN & amt of beneficiary. Waiting for and update from them to verify if completed correctly. There is NO dropdown addressing any forms and also there is "NO" search on web site to look for anything.

3 February 2026
Unprompted review
Rated 5 out of 5 stars

Ja’Kira assisted me today in re my CD

Ja’Kira assisted me today in re my CD.
She was professional, efficient, competent, very pleasant to speak with and resolved my issue. She is a credit to Newtek.

Best regards

Jim

29 January 2026
Unprompted review
Rated 5 out of 5 stars

Mark S

Mark S . resolved my online deposit problem . Courteous and professional . Excellent customer service .

27 January 2026
Unprompted review
Rated 4 out of 5 stars

Skepticism turned around!

One Star Review:
I was willing to at least give two stars based off potentials of the company but I haven't even started & already dealing with complications. To what seemingly looks like a great place to bank, I just wanted a bit more information. I had already waitlisted myself but since this is something I'd like to open sooner rather than later, I figured I'd ask follow up questions & it wouldn't hurt. I was connected with Destiny. Answers received were cold & sharp, not exactly customer service. I was asking follow up questions in regards to the process and/or time frame expectations, but was rushed by a very copy & paste "anything else I can assist you with?" right before I was kicked out of the conversation mid type (which I know you see chat bubbles). Extremely disappointing.

Updated: 1/28/26
I thought it best to show my original reaction compared to the one I have to say today. They almost immediately reached out after my post which was fantastic and I feel is a rarity nowadays. Joanna had contacted me after my initial review & what a breath of fresh air that she was! She apologized time & time again for my first interaction, continued with a great attitude as she very clearly answered my questions & informed me as to what I can expect in the future. The only thing that is keeping me from giving 5 stars is the fact that I'm not banking with them already!
I'm super happy with the turn around & I hope to be banking with them soon (:

25 January 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Hi Anastasya, thank you for reaching out. We apologize that your experience was not up to our standards. A member of our team will be reaching out to you to assist further.

Rated 1 out of 5 stars

If I could give it a zero I would

If I could give it a zero I would. I made one single transfer to this new savings account I opened with Newtek bank and have been unable to login to my account and access my money ever since. It’s been a couple months of me going back and forth with customer service trying to get my money. Don’t bank here!

26 January 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Hi Shanae,

We're sorry to hear that you are having trouble accessing your account. Can you please contact us at [email protected] so that we can assist?

Rated 1 out of 5 stars

The bank appears not to honor its…

The bank appears not to honor its obligations anymore.
I am unable to return the balance from my CD account that matured on January 15. The bank doesn't process my money withdrawal request. Their customer support rarely responds to my messages, and I am unable to reach out to them over the phone.
I highly recommend avoiding them at all costs.

Complaints have been filed with CFPB and OCC.

23 January 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for your feedback. We’d welcome the opportunity to review your experience in more detail. Please contact our team directly to discuss your concerns.

Rated 5 out of 5 stars

Stellar customer service from Mark S.

I've had to call in twice for assistance with my online savings account, and Mark S. helped me both times and exemplified the kind, patient, knowledgeable, professionalism one would expect but rarely receive these days. He was great, and I really appreciated his help. I wish most banks and businesses had the same level of customer service.
My only complaint about this bank is the pathetically slow ACH speed for funds transfers, and the limits per transfer should be higher; otherwise, I am extremely satisfied with Newtek Bank and their industry leading savings rate!

21 January 2026
Unprompted review
Rated 5 out of 5 stars

Customer service wire transfer

I've had several online banking accounts. Newtek surpass them all by flying colors. First their customer service they know what they're talking about. I have been extremely satisfied. Like most things there's a ways of fee for a wire transfer not with newtek it's just another perk becoming a member. They offer the highest high yield interest rates and some of the best CD rates. Number one you won't beat their customer service they have always called me when I left a message. Highly recommended.

22 January 2026
Unprompted review
Rated 1 out of 5 stars

⭐☆☆☆☆

⭐☆☆☆☆

Extremely disappointing customer service experience.

I have been trying to do a wire and encountered repeated delays, unclear instructions, and contradictory information through the bank’s secure messaging system. Despite multiple requests, I was never provided with the correct form or clear steps to initiate the wire.

Out of concern, I called customer service and was told that everything looked fine and that my wire request was already being processed. More than 48 hours later, I was informed otherwise, which was both confusing and frustrating, and causing further delay.

I bank with multiple institutions and have never experienced this level of inefficiency or difficulty accessing my own money. I am very familiar with DocuSign, but one cannot sign documents that are never sent.

This process was unnecessarily stressful and unprofessional. I would not recommend this bank to anyone who values timely, clear, and reliable customer service.

I'd give a zero star if I could.

22 January 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for your feedback. We’d welcome the opportunity to review your experience in more detail. Please contact our team directly to discuss your concerns.

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