Newtek Bank Reviews 

401
TrustScore 4.5 out of 5

4.6

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Review summary

Created with AI, based on recent reviews

Considering 321 reviews, reviewers overwhelmingly had a great experience with this company. Customers consistently praise the staff for being exceptionally helpful, knowledgeable, and patient, making interactions smooth and stress-free. Many people highlight the outstanding customer service, noting quick response times and a genuine interest in resolving issues. Reviewers frequently felt like valued clients, appreciating the professional and friendly approach of the team. However, some customers also noted issues with the user experience, describing the online banking portal as clunky or outdated and finding certain processes challenging to navigate. A few other people also felt that communication was lacking, experiencing delays in follow-ups, unanswered emails, or a general lack of clarity and support during complex processes like loan applications.

What people talk about most

Staff

Clients share positive opinions on staff, frequently highlighting their expertise, professionalism, and... See more

Customer service

Reviewers mention positive feedback about customer service, with many customers expressing satisfaction with... See more

Service

Customers had positive experiences with service, often highlighting the professionalism, efficiency, and... See more

Response time

Consumers express satisfaction with the promptness of customer service, highlighting quick responses and... See more

User experience

Customers consistently note ambiguous experiences with user experience, with some reviewers having a great... See more

Reviews shaping this summary

Rated 5 out of 5 stars

Michael listened, was personable, interested and directed me patiently thru the process. I understand that process is dictated by others with which and whom I have no issue. It was straightforward, q... See more

Company replied

Rated 5 out of 5 stars

Quick customer service, I had been putting off setting up a beneficiary on my account because i thought it would be a huge long process. I called, Jordan answered right away and helped me take car... See more

Company replied

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 love being a Newtek Customer. This bank is so easy to work with and they have an incredible number of services and they don't nickle and dime me. Working with the staff is so easy too, they are al... See more

Company replied


Company details

  1. #14 of 27 best companies in Bank
  2. #103 of 178 best companies in Alternative Financial Service
  3. #57 of 110 best companies in Financial Institution
  4. #161 of 252 best companies in Non-Bank Financial Service

Contact info

4.6

Excellent

TrustScore 4.5 out of 5

401 reviews

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

Asks customers to review

This company invites their customers to review, whether positive or negative

Replied to 85% of negative reviews

Typically replies within 2 weeks

How this company uses Trustpilot

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

4.6

All reviews

(401)

320 reviews in the last 12 months

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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

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!

February 17, 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.

February 19, 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.

February 16, 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

February 18, 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.

February 16, 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.

February 12, 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.

Rated 4 out of 5 stars

Ja’kira is great

A lot of calls had to be made because everyone kept telling me to check fir an update ever 5-7 business days. Tool a month and a half but once I was connected to Ja’kirs she resolved my manual account opening issue within a week. And she constantly followed up vis messages

January 26, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for your review. We’re glad Ja’Kira was able to help.

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.

February 10, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for the kind feedback. We’re pleased Katie was responsive and able to answer your questions clearly.

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.

February 11, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

We truly appreciate your recommendation and are glad our team has consistently provided courteous and helpful support.

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.

February 11, 2025
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for your continued trust. We’re glad the yields and straightforward experience have met your expectations.

Rated 2 out of 5 stars

customer service is awful

I find the customer service not serving the customer

February 11, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Hi Diane, thank you for reaching out. We’re sorry to hear you did not have a great customer experience. Can you please contact us at hello@newtekone.com so that we can connect with you to assist?

Rated 5 out of 5 stars

Thank you, Newtek Bank !

I have opened both high-yield savings and short-term CD accounts with Newtek Bank, and found their interest rates to be consistently high. Also, Newtek’s customer support has been exceptional – Katie and the entire Newtek contact center team have done a fantastic job answering both telephone calls and secure messages through their website. Thank you, Newtek Bank !

February 10, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for sharing your experience. We’re glad to hear that the support from Katie and the contact center team made your experience a positive one.

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."

February 9, 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.

February 10, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for the feedback. We’re glad you received quick, professional support.

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.

February 9, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for sharing your experience. We’re pleased Katie was able to guide you clearly and help you achieve your objective.

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.

February 4, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

We appreciate your feedback and are glad Ja’Kira provided clear, patient, and effective assistance.

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!!!!

February 6, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for the recommendation. We’re thrilled to hear your experience and service expectations have been met.

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.

February 3, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for your detailed feedback. We appreciate your suggestions.

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

January 29, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

Thank you for the kind words. We’re happy Ja’Kira provided professional and efficient support.

Rated 5 out of 5 stars

Mark S

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

January 27, 2026
Unprompted review
Newtek Bank logo

Reply from Newtek Bank

We’re glad Mark was able to resolve your issue efficiently. Thank you for the feedback.

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