Newtek Bank Reviews 371

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

Created with AI, based on recent reviews

Looking at 300 reviews, reviewers overwhelmingly had a great experience with this company. Customers frequently highlight the staff's helpfulness, patience, and extensive knowledge in resolving issues and setting up accounts. The customer service is consistently praised for being excellent, with many appreciating the prompt and thorough responses, as well as the personalized and understanding approach. People often describe the overall service as efficient and reliable, noting the quick response times and smooth processes for various banking needs. However, some customers also noted issues with payment processes, specifically regarding the clarity of renewal rates for CDs, difficulties in switching terms, or cashing out. A few other people also felt that the process for withdrawing savings was inconvenient, requiring multiple days due to withdrawal limits and advanced scheduling.

What people talk about most

Staff

Reviewers highlight positive aspects of staff, consistently praising their knowledge, efficiency, and... See more

Customer service

Consumers find customer service to be positive, with many praising the helpfulness and efficiency of... See more

Service

Reviewers mention positive feedback about service, with many describing their experiences as excellent and... See more

Response time

Users describe positive interactions with response times, with many praising the quick and timely responses... See more

Payment

Clients share ambiguous opinions on payment, with some finding the process super easy for tasks like funding... See more

Reviews shaping this summary

Rated 5 out of 5 stars

Ja’Kira was very helpful in sorting out our problems getting our account set up. We are an elderly couple and our problems stemmed from our difficulties with technology and memory lapses. On multiple... 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 5 out of 5 stars

Katie was very helpful in changing my matured cd into a new one with a different maturity and rate. She took her time and answered my questions and helped me do what I needed to do in your website.... 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


4.6

Excellent

TrustScore 4.5 out of 5

371 reviews

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

No history of asking for reviews

This company hasn't invited their customers, so reviews may not be representative

Replied to 87% of negative reviews

Typically replies within 2 weeks

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

Having difficulty with portal until ...

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 we talked as I navigated around the portal with her coaching. Gina was extremely knowledgeable and could not have been more pleasant. She represents the company respectfully and professionally , and most importantly answered all my questions. She was Great!

January 19, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for the thoughtful feedback. We’re glad Gina was able to provide knowledgeable, hands-on support.

Rated 5 out of 5 stars

Questions answered promptly.

I had some questions regarding an account I have with Newtek and Katie was the agent that responded. She was professional and answered all my questions and sent the necessary forms I need to complete. I have been very happy with the service I have received.

January 14, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for your feedback!

Rated 5 out of 5 stars

JA'KIRA was excellent

JA'KIRA was excellent. She was able to resolve my login issue within minutes. Patient, courteous and very helpful. Great service.

January 15, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for your feedback!

Rated 5 out of 5 stars

Michael Mann provided excellent…

Michael Mann provided excellent customer service. Patient and informative. After speaking with him I knew Newtech Bank was the right choice for me. Thanks again Michael!!

January 14, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for your feedback!

Rated 5 out of 5 stars

They were quick in resolving the issue…

They were quick in resolving the issue of my CD. That being said Newtek was not at fault, I failed to instruct them in a timely manner and it was corrected. No complaints about Newtek Bank.

January 13, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for your feedback!

Rated 5 out of 5 stars

Great customer service With real people

I had an issue transferring money and Ja'Kira walked me through it. She was extremely patient and helpful and easily solved my problem

January 13, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for your feedback!

Rated 5 out of 5 stars

Give him a raise

I had the privilege of being helped by Christopher. Not only was he so kind but very patient with me in trying to help me. He was very professional and I appreciate his dedication in helping me resolve my issue.

January 13, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for recognizing Christopher’s professionalism and patience. Thank you for choosing Newtek Bank.

Rated 5 out of 5 stars

While opening a new account

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 was set up properly and answered all my questions.

January 13, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for the feedback. We’re pleased Ja’Kira followed up promptly and ensured everything was set up correctly.

Rated 5 out of 5 stars

Smooth install!!

Ja’Kira was excellent and very patient with me… her service made my transaction smooth!!

January 13, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

We’re glad Ja’Kira’s patience and support helped make your transaction smooth. Thank you for sharing.

Rated 1 out of 5 stars

Started off great...but BEWARE

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 month submitting documents only to be told they couldn't help me. They assured me my situation was something they 100% could do but they are just as dishonest as every other company selling people a bunch of BS just to drag you along and then go back on all the things they said they could do. Do better and stop wasting peoples time and money

January 12, 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

Real people behind the phone tree!

I just had the most amazing customer service experience yesterday and today. Newtek has been the online bank I've used for several years to benefit from its excellent interest rates on high yield savings accounts. When I realized that I had forgotten to transfer sufficient funds for my son's college tuition due tomorrow, I called Newtek to arrange a wire transfer. (Incidentally Newtek provides free wire transfers!) My very friendly customer service representative Ja'Kira stayed with me through several calls yesterday and today to ensure that the wire transfer went through, even when I screwed up the wire transfer form with my fat fingers and incorrectly input my own street numbers. (SMH--I am getting old.) In any case, big kudos to Newtek for their outstanding customer service.

Relieved College Mom

January 9, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for the thoughtful review. We’re proud of our team’s dedication and are glad Ja’Kira was there to support you when it mattered most.

Rated 5 out of 5 stars

Ja’Kira was an awesome representative

Ja’Kira was an awesome representative. She made activating my old closed account so easy. Thank You dear Ja’Kira for your awesome help.

January 9, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

We’re happy to hear Ja’Kira made the process easy for you. Thank you for the kind note.

Rated 5 out of 5 stars

JA'KIRA WAS PLEASANTLY HELPFUL…

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. (She helped with the application toward acceptance. :)

January 8, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

We appreciate the feedback and are glad Ja’Kira made the process comfortable and approachable.

Rated 5 out of 5 stars

Katie (Tier 2 Support Agent)...

Katie (Tier 2 Support Agent) was friendly, helpful, and informative. I enjoyed my interaction with her and prompt action.

January 8, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for sharing your experience. We’re pleased Katie provided friendly, informative, and timely support.

Rated 5 out of 5 stars

Katie- Tier 2 Support Agent

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 attempts.
I am very grateful the grace she showed me.

October 13, 2025
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

We’re glad Katie was able to guide you through the process with patience and care. Thank you for the feedback.

Rated 5 out of 5 stars

HUGE Kudos to Ja’Kira for her Excellent Cutomer Service

I decided to open a HYSA but was hesitant to have one solely with a digital bank. When I initially tried to open it yesterday (01/06/26) I ran into some issues and tried calling customer service numerous times over several hours. Each time I was put on a long hold & even got disconnected which was extremely frustrating. I tried again today (01/07/26) and was pleasantly surprised. I was connected fairly quickly to representative, Ja’Kira, and she was AMAZING! She was the true definition of positive customer service…extremely helpful, patient, polite and knowledgeable! She resolved the issues from the prior day, helped me complete the account set up process, and even walked me through the features on the system. Ja’Kira is most definitely a huge asset to Newtek Bank, and she deserves all the kudos & praise for her excellent work and assistance! I cannot thank her enough for taking the time to assist and ultimately change my mind about Newtek Bank and their level of customer service! I am a new customer and hope this great level of service continues (if and/or when needed).

January 6, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for taking the time to share this detailed experience. We’re thrilled Ja’Kira was able to turn things around and provide the level of service you deserve.

Rated 5 out of 5 stars

Overall we are pleased

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 transfer and joint-owner setup processes were quicker, but I can live with the reality that everything is taking about a week. Overall we are pleased.

January 7, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for the balanced feedback. We’re glad Michael was able to address your questions and support your account setup.

Rated 1 out of 5 stars

I had really high hopes for NewTek…

I had really high hopes for NewTek given the reviews. But they make it hard. In their HYSA, they only allow you to attached ONE external account and it must be your original source. And they will not let you change it in the first 90 days. Why would they make it so inconvenient? I affectively have to transfer things from other externals to my checking to then transfer it into NewTek? Who has time for that? No thank you. I will park my cash somewhere where's not hard to get money in or out.

January 6, 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

Ja’Kira was so sweet and helpful all my…

Ja’Kira was so sweet and helpful all my questions were answered and in a very timely manner.

January 6, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

We’re happy to hear Ja’Kira provided timely and helpful support. Thank you for the kind words.

Rated 1 out of 5 stars

Customer service is incompetent

Customer service is incompetent. Takes 4 business day to transfer money while they take money away the next business day.

January 5, 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.

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