Porte

Deposits held and insured by Pathward

Overview / Commentary
800-267-7080
5501 South Broadband Lane
Sioux Falls, SD 57108
Deposits held and insured by Pathward
Reviews (1)

Porte Digital Debit Card Problems And Verification Issues

Hello,
Id rate Porte a zero if I could, I’m having problems using my money, using cashapp, using Venmo with my money. Before I can book a motel room on hotels.com, I have to verify through text messages that it’s me using the card. The verify process is all day every day. I understand the need to verify one’s account, but that’s just stupid. Why do I need the bank’s permission before I can spend my hard earned cash? This is absolutely insane. I would never use Porte again, and I don’t recommend this service at all



Health
B+

Data as of Q3 2024

Data displayed below is for insuring bank: Pathward
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Health Grade Components

Overall
FDIC Certificate #30776
Year Established1954
Employees1241
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD2.52%
Return on Equity - YTD24.07%
Annual Interest Income$367.5MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$7.54B$7.53B
LoansQ3 2024vs Q3 2023$4.72B$4.39B
DepositsQ3 2024vs Q3 2023$5.88B$6.59B
Equity CapitalQ3 2024vs Q3 2023$866.1MM$679.6MM
Loan Loss AllowanceQ3 2024vs Q3 2023$45.3MM$49.7MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$41.6MM$56.2MM
Real Estate OwnedQ3 2024vs Q3 2023$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Porte Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*$0$15kHigh Yield Bonus Savings
OTHER TIERS: 0.20% $15k+
Locations

Porte is an Internet only bank and does not have branch locations. Its headquarters is located at 5501 South Broadband Lane - Sioux Falls, SD 57108

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