MetaBank is headquartered in Sioux Falls and is the 5th largest bank in the state of South Dakota. It is also the 194th largest bank in the nation. It was established in 1954 and as of September of 2018, it had grown to 1,219 employees at 12 locations. MetaBank has an A+ health rating.
This bank was a great bank to work with. I had a business financial account with them and some other banks some years back and I never had a problem getting my transactions in and out with them. The process was always very simple. It was nothing complicated at all about getting money into my account or sending money out of my account for my business. This bank helped me to be able to other methods of payment besides cash within my business. This bank was very helpful to me in getting my business up and running and I will forever be thankful. I was able to take payments from people anywhere in the country and some places outside of the US as well. Im very thankful for the services of Meta Bank during my first few years of life in the business world.
I needed an online only bank that could handle my day to day transactions within my business without me having me having to leave the current physical place of my business. The initial set up process was very easy and smooth to handle. Customer service is very easy to get in contact with if I need help or if a problem should arise. I've never had a problem with any transactions. They all go through very smoothly and there is never any kind of mix ups. I always know when money is to be taken out of my account and when money is to be deposited into my account. I never in the dark with them. If you own your own business and need a good bank to work with meta bank is it.
I have heard a lot of people talk about them and such So I decided i would go through MetaBank so I wanted to give the actual a bank a try as my actual bank. And I must say I am not let down they work fast to get you all the information you need without any sort of delays. Took less than an hour after contacting their customer service team to get all the info about the banks checking and savings accounts i wanted to look into. Since they were so prompt I decided to give it a shot. Since then the service has been great the fees are low and everything is just exactly what I was looking for with no issues and I would advise at least looking into them. The website is easy to use and they work with me through every little thing so i give them five out of five easily.
I have had a few different savings accounts but this is one of the best out there. It is easy to set up. I contacted them and within minutes I was ready to go. I have been saving a small portion of my paycheck there every week and it is a great service. I did contact them to ask some basic questions and the wait times were not that bad, just a fraction of a few minutes. They resolved my questions fast and I am impressed with how thorough and positive the service has been. If you are in the need of a bank you can use online, this is the one for you and I would recommend it.
I've banked online with Metabank for nearly a decade. I currently have several checking and savings accounts with them. I've always been very pleased because I travel abroad alot and I feel like my money is not only secure but also easy to access. Before each trip, all I have to do is call them and notify them about my travel plans and my money is accessible while abroad. I've spent about 3 years over the past decade abroad and being without funds is very scary. I've always been able to easily deposit money electronically via ACH, bank, and other online transfers (like Paypal, Amazon, Skrill etc.) and access the money via my debit cards. I also recently got a new international card which is backed my Metabank and it allows me to easily withdraw funds via an ATM while abroad which is not something I was always able to do previously in some countries. I feel like the fees are a bit excessive but reliability and access to my money is the most important thing so I don't mind paying. Plus, on my main checking account, I just pay a flat $5 monthly fee so that's acceptable to me.
I have used many different types of banks because well sometimes they all do not meet my needs and sometimes i must switch. But this one i am talking about today is Metabank. Which is a online only bank i signed up and got started rather quickly. So the process of starting up was rather fast compared to a normal bank which can take some time to actually get started and is not for everyone. Sometimes we want convenience. Which this is and i also called them with a low wait time to ask some questions which was nice i could get answers rather fast with almost no wait time which is great because like me everyone has questions overall the experience was positive for me.
Metabank was the bank used for direct deposit for my employer so I ended up with a card and account with them. I have been happy with the services and continue to use the account even thought I now have a different job. Customer service has always been helpful if I have called. I am able to withdraw money with no fee. I am able to keep my temporary card in case I were to loose the other card. This account meets my needs even though there is no local branch to visit.
I would recommend Metabank to others and I plan to keep this account as deposits are always timely and as expected and I am confident I can reach customer service when needed.
|FDIC Certificate #||30776|
|Return on Assets - YTD||1.35%|
|Return on Equity - YTD||11.06%|
|Annual Interest Income||$130.8MM|
|Assets and Liabilities|
|Assets||Q3 2018vs Q3 2017||$5.82B$5.22B|
|Loans||Q3 2018vs Q3 2017||$2.95B$1.32B|
|Deposits||Q3 2018vs Q3 2017||$4.45B$3.23B|
|Equity Capital||Q3 2018vs Q3 2017||$819.6MM$521.0MM|
|Loan Loss Allowance||Q3 2018vs Q3 2017||$13.0MM$7.5MM|
|Unbacked Noncurrent Loans||Q3 2018vs Q3 2017||$10.2MM$37.6MM|
|Real Estate Owned||Q3 2018vs Q3 2017||$30.0MM$292.00K|
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