Newtek Bank Reviews 373

TrustScore 4.5 out of 5

4.6

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Review summary

Created with AI, based on recent reviews

Looking at 297 reviews, reviewers overwhelmingly had a great experience with this company. Customers consistently praise the staff for their helpfulness, patience, and extensive knowledge, making interactions pleasant and productive. Many highlight the exceptional customer service, noting the personalized and understanding approach of the agents. The service provided is often described as excellent, with consumers appreciating the efficiency, clear communication, and quick response times. However, some customers also noted that the user experience, particularly with the online banking platform, is not ideal and feels outdated. A few other people also felt that communication was lacking, with unanswered emails and unfulfilled promises regarding follow-ups, leading to wasted time and frustration.

What people talk about most

Staff

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

Customer service

Customers consistently note positive experiences with customer service, highlighting the professionalism,... See more

Service

People report positive experiences with service, often highlighting the professionalism, efficiency, and... See more

Response time

Reviewers mention positive feedback about response times, with many customers praising the promptness and... See more

User experience

Users describe ambiguous interactions with user experience, with some customers reporting very positive... 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

I'm 42, & this was the best transaction I've had with anything in need of financing. Daniel is the man. He was responsive, had great follow up, clear and concise with his communication, the list goe... 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


4.6

Excellent

TrustScore 4.5 out of 5

373 reviews

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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

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Rated 5 out of 5 stars

I am absolutely thrilled with this…

I am absolutely thrilled with this bank, and the ease of opening an account and would like especially to thank Ja-Kira for her wonderful help. Customer service is where it's at.

4 March 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for the kind review. We’re glad to hear your account opening experience was smooth and that Ja’Kira was able to assist.

Rated 5 out of 5 stars

Great Service!

We had a problem with wiring some funds. After many tries, a supervisor named Jessica Gross became involved and took care of everything!

Jessica was extremely pleasant, smart and readily recognised the problem and resolved it!

We were grateful for her assistance.

3 March 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for sharing your experience. We’re glad Jessica was able to help.

Rated 5 out of 5 stars

This is not my first experience dealing…

This is not my first experience dealing with an online financial institution. I was pleased with the ease accessing their website and maneuvering my way around as well as the message board.
I just recently dealt with Ja’kira who expeditiously answered my questions and resolved my concerns as well as my financial task. She was very prompt, professional and pleasant.

3 March 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for your review. We’re pleased to hear Ja’Kira was prompt and professional in assisting with your questions.

Rated 1 out of 5 stars

Newtek bank doesn’t offer CDs.

Newtek bank is advertised in several searches as having an attractive IRA CD rate. So, we called to see about rolling one of our IRA CDs over into a Newtek account. The rep seemed confused by our inquiry. Later, she comes online saying they don’t offer IRA CDs; that they have to be individual CDs. (Whaaat?) When we explained we are individuals, she goes offline again to research. She comes back on stating that “they” don’t offer CDs (presumably, at all). By this time it was obvious we were wasting our time and closed the session.

3 March 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Hi Anthony, thanks for reaching out. We offer competitive interest rates on personal CDs that can easily be opened online. To clarify, we do not offer IRA CD accounts. We apologize for any confusion caused by the search results you received.

Rated 5 out of 5 stars

Katie in Tier 2 took my non-routine…

Katie in Tier 2 took my non-routine matter and handled it easily to make everything go smoothly!

2 March 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for sharing your experience. We’re glad Katie was able to resolve your matter smoothly.

Rated 5 out of 5 stars

SBA loan

Matthew and Robyn are very helpful with my loan process. They went through step by step in helping me getting all my documents ready for the process.

26 February 2026
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Reply from Newtek Bank

Thank you for your review. We’re pleased to hear Matthew and Robyn were helpful in guiding you through the loan process.

Rated 5 out of 5 stars

Eileen was amazing

Eileen was amazing. I have never worked with someone so well and so quickly to get my issue taken care of. She went above and beyond and if I could give her more stars I would. Give that girl a raise.

26 February 2026
Newtek Bank logo

Reply from Newtek Bank

Thank you for the kind review. We’re glad to hear Eileen’s quick support made a positive impact.

Rated 5 out of 5 stars

Easy to work with

Easy to work with. I use email, online account messaging for questions or requests. I haven't spoken to an individual however it hasn't been necessary. They are prompt at replying. My last communication was with Ja'Kira. Very prompt. High Yield Savings interest rates comparable to CD's with the ease of not locking our money up for months at a time. Moving money from one account to another (Newtek bank or other) takes 3-5 business days to complete.

26 February 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for your review. We’re pleased to hear our team’s responsiveness and support made your experience a smooth one.

Rated 5 out of 5 stars

Mathew and the whole crew ,everyone I…

Mathew and the whole crew ,everyone I have dealt with was very professional,always to the point ,no wasting time.

12 December 2025
Newtek Bank logo

Reply from Newtek Bank

Thank you for your review. We’re pleased to hear Matthew and the team provided professional and efficient support.

Rated 5 out of 5 stars

Great Service

Left a message in the system, and the request is taken care of. No hassels. No fighting with the AI agent. Everything was done the natural way. Highly recommend!

25 February 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for the recommendation. We’re glad to hear your request was handled quickly and smoothly.

Rated 5 out of 5 stars

Great experience

Matthew was right on top of all of our communications and the approval process for our loan was timely and concise.

19 January 2026
Newtek Bank logo

Reply from Newtek Bank

Thank you for sharing your experience. Thank you for choosing Newtek Bank.

Rated 5 out of 5 stars

I had a great experience working with…

I had a great experience working with this bank. Since it was new to me, I wasn’t sure what to expect at first, but Alaina E. and her team were phenomenal. They were patient, answered all of my questions, and walked me through the process step by step. When I thought I might not be able to get a business loan, they helped me understand what was needed and I ended up getting funded.

I would definitely recommend this bank to other small business owners who want to grow. I’d suggest checking them out before going to the conventional big banks. They also offer a lot in-house, including payment/processing services, insurance, and other business services, which makes it convenient and can help save money. If you’re trying to build your brand and keep more of your costs under control, I’d start here.

23 February 2026
Newtek Bank logo

Reply from Newtek Bank

Thank you for sharing your experience. We’re glad to hear Alaina and her team were able to guide you through the process and support your business goals.

Rated 5 out of 5 stars

I had a great experience working with…

I had a great experience working with Newtek Bank. Maisha and Aimee were absolutely wonderful to work with from start to finish. They were professional, responsive, and incredibly knowledgeable throughout the entire process.

They took the time to answer all of my questions, kept everything moving efficiently, and made what can sometimes be a complicated process feel smooth and straightforward. Their communication and attention to detail truly stood out.

I highly recommend Newtek Bank, and especially Maisha and Aimee, to anyone looking for a reliable and supportive banking team

20 February 2026
Newtek Bank logo

Reply from Newtek Bank

Thank you for the recommendation. We’re pleased to hear that Maisha and Aimee provided professional and responsive support throughout the process.

Rated 5 out of 5 stars

Banking and investment options with an…

Banking and investment options with an easy, secure UI and knowledgeable, very efficient customer service. Shout out to Ja'Kira for specialized, cheerful assistance!

17 February 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for your review. We’re glad to hear you found our platform easy to use and that Ja’Kira was helpful.

Rated 5 out of 5 stars

All of my experiences with Newtek bank.

All of my experiences with Newtek bank have been 100% customer friendly. I am older and have a difficult time navigating the requirements for log in, etc. Whenever I had customer service on the phone, they were friendly, patient, and stayed with me until I completed my process and had full understanding of what I needed to. I have a CD maturing, but would definitely use the bank services again.
My latest experience with Ja'Kira was also 100% customer friendly. She responded to me promptly, explained the requirements in detail, and responded again promptly after I provided the information needed to transfer my CD at maturity. I am very impressed with customer service. My experiences with other banks have been total nightmares!
Thank you again for all the customer service agents who were wonderful and top notch.

19 February 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for sharing your experience. We’re pleased to hear our team made the process easier.

Rated 1 out of 5 stars

Terrible experience. Avoid at all costs

One of the worst experience with little to no follow through. Officers at Newtek for SBA loan applications waited almost 1 month to get back to us despite repeated requests while never returning phone call or emails. They dismissed the loan application without follow up and exploring other options after spending a lot of time putting all the documents together. The bank hides behind its lack of physical presence. Avoid at all costs. Very frustrating and a lot of time wasted.

16 February 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for your feedback. After your file was re-engaged, updated SBA eligibility guidelines went into effect, and as a result, the application no longer met current requirements. Unfortunately, we were also unable to offer an alternative financing option at this time. We understand how frustrating this outcome can be, especially when timing is important, and we sincerely apologize if any communication felt delayed. A manager will be reaching out directly to ensure your concerns are heard and to discuss your situation further.

Rated 5 out of 5 stars

Great customer service

I have worked with many of the employees from Newtek Bank and they are all professional and helpful, I recently worked with Ja'Kira and they followed up with a call and email to make sure everything went correctly folks like them make me think of Newtek when banking

18 February 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for the kind review. We’re glad to hear Ja’Kira’s professionalism and follow-up made your experience a positive one.

Rated 5 out of 5 stars

Made changes easy

Contacted Newtek to make changes on my accounts. Katie was very helpful and answered my questions quickly and made it easy to make these changes. Would recommend Newtek for their competitive rates and great customer support.

16 February 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for the recommendation. We’re pleased to hear that Katie made the process easy and provided helpful support.

Rated 4 out of 5 stars

Experience good with one caveat

Generally, my experience with Newtek and its representatives was good. The only inconvenience I experienced was when I went to transfer funds from my matured CD I had to make a formal request in writing, rather than have the ability to make the transfer totally online as other banks do.

12 February 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for sharing your experience. We’re glad to hear our team was helpful and appreciate your feedback regarding the transfer process.

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