WesBanco is a West Virginia-based bank that has been featured repeatedly on DepositAccounts.com in the past for checking account promotions. It offers personal and business banking products, as well as wealth management products and services.
WesBanco offers several different checking accounts, including a student account that is simple and easy to maintain and a premium account designed to maximize interest earning potential. The banks’ savings accounts come with monthly maintenance fees unless certain requirements are met. Savings account offerings function similarly to the bank’s money market accounts, but differ as far as initial deposit requirements and interest rate thresholds. Certificates of deposits (CDs) are available in term lengths ranging from 3 to 60 months and are offered in several ways. One CD allows for one higher rate switch if the rates increase during the life of the CD, while another CD allows both a switch to the higher rate and one penalty-free withdrawal. There are term restrictions and other potential requirements associated with the aforementioned CDs. WesBanco offers many similar products on its business banking side, as well as cash management and financing services.
WesBanco online banking is set up on a 3rd party domain and offers customers secure access to their accounts to perform account management activities like fund transfers, bill pay, and Microsoft Money financial management integration for budgeting purposes. The bank has also release a mobile app, making it easy and convenient for customers to access and manage their accounts remotely from their smartphone or tablet devices.
WesBanco was originally established in 1870 as the Wheeling Dollar Savings & Trust Company. In 2000, the bank transitioned to its current name and in 2008 it changed its institution class to an insured commercial bank with the FDIC. WesBanco is headquartered in Wheeling, West Virginia, and serves its customers through numerous branches located in the West Virginia-Ohio region.
I started banking with Wesbanco when they bought out the former small bank I used. My experience with them has been average. When the merge initially happened, the customer service was great. I was able to get my account set up easily on the phone. It did take a while to get a new debit card, but I was still able to use my old one, so that was no issue. I also recall a time when there was fraudulent activity on my card and they called me right away to confirm whether or not the purchase was made by me. It wasn't, and I was thankful for their quick service to insure my money was safe. My biggest issue I've had with Wesbanco surrounds the transfer of funds on weekend hours through the app. There have been several times where the system has been down or I have not been able to see the details of my account online or in the app. I recall a time where I was needing to transfer money over from one checking account to another in order to make a purchase on a Sunday, and when I requested the transfer in the app, nothing happened. It wasn't until Monday that the funds showed up in my account.
|FDIC Certificate #||803|
|Return on Assets - YTD||1.1%|
|Return on Equity - YTD||7.6%|
|Annual Interest Income||$247.9MM|
|Assets and Liabilities|
|Assets||Q3 2017vs Q3 2016||$9.89B$9.80B|
|Loans||Q3 2017vs Q3 2016||$6.36B$6.22B|
|Deposits||Q3 2017vs Q3 2016||$7.10B$7.15B|
|Equity Capital||Q3 2017vs Q3 2016||$1.44B$1.42B|
|Loan Loss Allowance||Q3 2017vs Q3 2016||$45.5MM$42.8MM|
|Unbacked Noncurrent Loans||Q3 2017vs Q3 2016||$37.5MM$30.4MM|
|Real Estate Owned||Q3 2017vs Q3 2016||$5.6MM$8.4MM|
Sorry, we do not have rate data for WesBanco (WV).