Whitaker Bank

Whitaker bank is always there when you need a full range of financial services. We are interested to talk about this bank because it has a tradition of placing its customer’s needs first. It will help you to fulfill the banking needs like financial advice, personal and business loans.

To support communities like us it provides low and high volume business checking accounts, overdraft protection, certificates of deposits, wire transfer, reconciliation, deposit service, and many more.

We knew there are more interesting things yet to discover about the financial services of this bank. Read below to know more about it.

Whitaker Bank Logo
Picture: Whitaker Bank Logo

What Is The Whitaker Bank?

As a medium-sized bank, this one started to provide its service in 1990. After the foundation, this bank did its job successfully. As a result, it has $1 billion in assets and $1 billion in deposits. Its headquarters are in Lexington, Kentucky.

Read More: Low Gas Prices to Continue for Months

It has a complete selection of banking products. Under this section, they service savings accounts, money market accounts, checking accounts, brokerage accounts, IRAs, CDs, mortgage products, credit cards, and loans. It also comes with an online banking facility.

Online Review and Service Quality:

Online Review and Service Quality:

With more than 35 branches this bank spread its service. They are not only providing in-person service but also offer mobile and web apps.

To make banking easy, they know what they’ve to do and what they’re doing. That’s why it is an on-the-go option for everyone who is enjoying the financial services of this bank. Most of the users of this online service give better and positive feedback.

For the mobile app, this bank got 3.1 out of 5. But the national average is 3.8. Now you can compare whether this mobile app is good or not. The good news is, they have got consumer satisfaction.

Mobile app available in Play Store for Whitaker Bank
Picture: Mobile app available in Play Store

Types of Product:

The Whitaker Bank is good at offering a variety of services and financial products. We have made a list of these services as well the rate which is given below.

ProductCurrent Terms and RatesMinimum Balance for APY
Savings Accounts0.01% APY$100
Certificates of Deposit12 Month: 0.10% APY24 Month: 0.15% APY36 Month: 0.20% APY48 Month: 0.30% APY60 Month: 0.50% APY$10,000 for all tiers
Money Market Accounts10K tier: 0.02% APY25K tier: 0.05% APY$10,000$25,000
Checking Accounts0.01% APY$1,000

Now you can see the rate of some common financial products. If you want to compare this rate with the national average then this rate is undoubtedly better than other banks. Most of the clients of this bank enjoy savings accounts. So, we decided to mention some pros and cons of it.

Pros:

  • Fees are comparatively low
  • Wide variety of account choices

Cons:

  • A limited number of branch locations
  • Limited access to customer service

Read More: Characteristics of Perfect Competition

Additionally, this bank has more financial services to offer that make us happy. Here are all their products are given below.

Personal Product:

TypesParticulars
Deposit ProductsChecking AccountsSavings & Investment Accounts
Online BankingWeBBill PayMobile BankingEnroll Now
Other ServicesBonus BenefitsCredit CardsPersonal Loans
Helpful LinksSwitch My AccountsReorder ChecksFinancial CalculatorsSecurity Center

Business Product:

TypesParticulars
Deposit ProductsChecking AccountsSavings & Investment Accounts
Treasury Management ServicesBill PayWeB for BusinessACH Origination ServiceRemote Deposit ServicePositive PayMerchant Service
Other ServicesBonus BenefitsCredit CardsBusiness Loans
Helpful LinksSwitch My AccountFinancial CalculatorSecurity Centre

Loans:

TypesParticulars
Personal LoansConsumer LoansReal Estate LoansMortgage LoansHome Equity Line of CreditWhitaker Mortgage
Business LoansBusiness LoansCommercial Real Estate & ConstructionTerms LoanLines of CreditSmall Business AdministrationAgriculture Loans
Helpful LinksApply for a LoanSwitch My AccountFinancial CalculatorsSecurity Centre

Wealth Management:

Under the section of wealth management, we’ve found few services and these are

  • Kentucky Trust Company
  • Wealth Solution
  • Retirement Solution
Picture: It’s easy to review every financial product through websites

What Is Whitaker Electronic Banking (WeB)?

The WeB is online banking service. This bank allows the user to get online access to their account. Through WeB, a client can get services like electronic bank statements, and most importantly pay bills.

This method is not only safe to manage your money but also very convenient. So, what exactly does WeB offer? Here is the list of its offered services.

  • Transfer funds
  • Manage your account from home
  • Make a loan payment
  • Check account balances
  • View daily activity
  • Mange bill pay as you desire
  • Allow you to export all of your financial data.
  • Let you view your monthly account eStatement (12 months).

About the Fees:

To give a hard competition, this bank comes with the lowest rate. This extremely low fee is the key point to drag people’s attention to the general and business community.

They don’t charge for using the ATM. It’s totally free. There is an overdraft fee of $29 and the good news is this fee is also lower than the U.S. average overdraft fee.

Conclusion:

From the above discussion, we can say that Whitaker Bank is undoubtedly the best bank that gives the most positive feedback from the client. As a successful financial institution, this bank offers almost every type of financial product.

On top of that, they introduced many ways like web, mobile apps to reach them instantly. When a client finds every facility under a single roof, then they will stay there. This opinion is true for this bank. To get every type of facility like convenient service, lower rate, variety of product, this bank is the best option in my eyes.

Previous articleThe Ultimate Review of Adirondack Bank Lending Center
Next articleHow To Get Quick Cash Offers From Timberland Bank?

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.