What is WebBank ®?

As The Bank Behind the Brand ®, WebBank is a national issuer of consumer and small business credit products through Strategic Partner (Brand) platforms, which include retailers, manufacturers, finance companies, software as a service (SaaS), and financial technology (fintech) companies.

What brands does WebBank partner with?

For example, WebBank also partners with well-known brands such as Dell Financial Services, PayPal, Fingerhut and Yamaha. WebBank also is an issuer of unsecured personal loans, small-business loans and auto refinance loans through LendingClub. WebBank’s parent company is Steel Partners Holdings L.P., principally based in New York.

Does WebBank charge a monthly fee?

No monthly fees: You’ll never be charged a monthly maintenance fee for a WebBank account, but you may see other fees like $5 for paper statements and $25 for outgoing wire transfers. No mobile app: WebBank is an online-only bank, yet it lacks a mobile banking app. It also doesn’t have mobile check deposits.

Does WebBank report a hard inquiry?

Applications to any of WebBank's credit partners will most likely result in a hard inquiry appearing on your credit report. For example, an inquiry should appear like this if you open a credit account with Fingerhut: FINGERHUT/WEBBANK. Likewise, Fingerhut will report your payment activity to the credit bureaus. What are the ratings for WebBank?