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Foundation Year
1998
Office Address
4185 Harrison Boulevard, Suite 200 in Ogden Utah
Phone number
+1-800-355-3063
Locations
USA
Pros
Cons
TAB Bank is an online financial institution that provides personal and business banking services, such as small and midsized business term loans, accounts receivable financing, checking accounts, savings accounts, money market accounts, CDs, equipment funding, asset-based lending, and factoring services. It offers business loans ranging from $30,000 to $500,000.
The bank was previously known as Transportation Alliance Bank, established in 1998. The bank is a subsidiary of FJ Management, Inc. The company was originally formed to provide financial services to the transportation industry.
TAB Bank is headquartered in Ogden, Utah. It is an online- and mobile-based bank. For the most part, the bank has low fees and minimums.
The con of the bank is almost a total lack of free ATM access. It does not operate a fee-free ATM network.
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Online Savings Account |
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Money Market Account |
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Loans |
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TAB Bank is operating online and through its mobile application.
The company doesn’t have an ATM network.
You can access the bank via:
Customer service is available from 6 a.m. to 7 p.m., Monday through Friday, from 9 a.m. to 3 p.m. on Saturday.
Yes. The bank has a mobile app, and most customers seem satisfied with it, as it has received a rating of 4.7 out of 5 stars between the Apple and Android app stores.
TAB’s mobile app allows you to perform various tasks: check your accounts’ balances, view transaction histories, instantly transfer funds between your TAB accounts, check mobile deposit, pay for bills online, schedule bill payments, view recent payments, etc.
You can open an account at any time 24/7 through its website. For this, you will need to register an account with the bank and fill out some basic personal information: your name, address, date of birth and Social Security number. You may also be asked to give your tax ID number.
If you want to open a traditional or Roth IRA. the process will be a bit different. For this, you’ll need to call the bank’s representative at (800) 215-7128.
There are several options to save more money with this bank. You can get quite substantial interest-based earnings with the High Yield Savings account and TAB CDs. These earnings are compounding daily and able to create a solid interest-earning environment.
Moreover, since the TAB Bank has minimal fees, this helps you deposit to stay in your pocket. The exceptions are the 365 Checking and TAB Chrome Checking accounts – you will have to an $8 monthly fee for both of them.
Yes. This bank is FDIC insured. The Federal Deposit Insurance Corporation (FDIC) is an independent federal agency that provides insurance to U.S. banks and thrifts. The TAB‘s operation and services are regulated by the United States government.
TAB Bank offers nice account options and has significant advantages, including great interest rates, low fees and minimums. However, those wishing to take advantage of this institution will have to meet a number of requirements related to daily balances and account activity.
The other thing to remember is that the company has very limited fee-free ATM access and is operating online. If you have other means of accessing fast cash, that will not be a problem. But if you want to deal with a bank that gives you fast and free access to your cash, you may need to look for other options.
Their verification department drives me crazy. Some lady called me and did not say anything but was just laughing and talking to her co-workers. It was a very inappropriate conversation for the bank worker calling her customers. I called back, they hold me on the phone for a very long time and got this same lady 3 times. She “pretended” she cannot hear me. The whole experience is a waste of my time. Do not deal with this company. Bad experience. This company needs to find better employees, otherwise, they will lose their clients very soon
They have excellent customer service, transparent rates and cool rates! I’ve been their client for many years!
Love this bank! Easy to work with, amazing customer service.
Horrible bank. I’m talking about their customer service. Good luck everyone who decides to become their client!
The whole process is very straightforward. To get a business loan, I contacted their representative over the phone. He was amazing to deal with. I received a loan within a couple of days and they later called back to find out I was happy with the service provided.
Please feel free to contact us. We will get back to you with 1-2 business days.