Live Oak Bank Login Online Banking & Savings Account

Live Oak Bank login helps you with the easy way to access your online accounts and provides excellent interest rates, no monthly maintenance costs, and a quick and secure connectivity to your other banks. Keep reading this post to explore more!

About Live Oak Bank – Not First Federal Live Oak Branch

Founded in 2008, Live Oak Bank has its roots in lending to small businesses in specialized industries. It has since expanded to include personal deposit accounts. It an online bank, is headquartered in Wilmington, NC. Don’t be confused between this bank and other banks has a branch at Live Oak, Florida.

The Federal Deposit Insurance Corporation (FDIC) insures deposits made by Live Oak Bank. Your deposits at this bank are covered by the FDIC up to $250,000 per depositor and per account ownership type as a client.

Who is Live Oak best for?

The Bank should appeal to consumers looking for a digital bank to put their money away and earn some interest. It is the best for those who:

Want to do it without monthly maintenance costs
Don’t want to worry about minimum balance requirements
Want a safe option to grow their money without any risk
Are looking for a bank to park their money

A Trustworthy Bank

Live Oak Bank is a trusted bank for small businesses. They provide competitive rates and a full range of products and auto finance services. They are FDIC insured and have a $250,000 per depositor limit. Their online security is top notch and their customer service is outstanding.

Pros & Cons

Pros:

You can be a member without having to go into a branch
You can check your mobile banking on the go
Their rates are competitive for savings and CDs
You can open multiple CDs with them to help you reach your financial goals

Cons:

There is a monthly fee unless you keep a certain amount in your savings
You have to deposit a minimum amount in order to register
The interest rates on their savings is not as high as some other banks

Live Oak Bank Login Banking Account

Go to LiveOakBank official website
Click the “LogIn” button at the top right corner
Choose “Banking Login” on your screen’s left side
Enter your login credentials.
Click “LogIn” to finish your process

Due to multiple failed login attempts, your account will be locked. Contact a Customer Support Manager for assistance at 1-866-518-0286.

Retrieve Forgotten Username and Password

Retrieve Username

Go to the Login page
Click “Retrieve Username” link
Enter your Last Name, Date of Birth and Last 4 digits of SSN
Tap the “Next” button to finish your verification.
Check your email.

Forgot Password

Go to the Login page
Click “Forgot Password” link
Enter your required credentials. Then click the “Next” button
Keep following the instructions to finish your verification

How to Enroll in Online Banking?

You can only enroll online and need the basic information such as your contact information, SSN and additional documentation to verify your identity. You must also provide the information for an outside bank to transfer your money to your new Oak bank online.

Go to LiveOakBank official website
Click the “Log In” button at the top right corner
Click “Enroll in online banking” link on your screen’s left side
Enter your First Name, Last Name, Date of Birth, SSN or ITIN
Tap “Enroll in online banking” button to finish

Live Oak Mobile App Sign In

Experience the convenience and accessibility of an online bank that is FDIC insured and offers world-class customer care with the mobile app from Live Oak Bank is quick, easy, and safe.This product receive many good review with high star. Online management gives you access to a real-time snapshot of your finances. Live Oak Bank Mobile banking is available for you to download on both Google Play and Apple.

Account Offers – Savings & CD Rates

High-Yield Online Oak Bank Savings

High-yield savings Live Oak Bank account has a more than acceptable 2.00% APY. Accountholders don’t have to worry about paying monthly maintenance fees, nor are there any minimum balance requirements. If you go through the six trades per monthly statement cycle, you will get $10 per trade. The cost for insufficient funds is $25 and returned items cost $10. If there’s a stop payment, you’re looking at coughing up $25.

High-Yield CDs

CDs provide a means of saving your money for a period of time. They typically have higher interest than national savings average rates, meaning your money can grow faster. Live Oak Bank’s CDs have no monthly fees. The terms range from six months to five years. However, the amount you need to open a CD is $2,500, and the maximum balance is $250,000.

There is a fee if you need to raise money before the CDs matures. The early withdrawal penalty is part of the interest earned and depends on the length of the CDs. For CDs with a maturity of less than 24 months, the early withdrawal penalty is 90 days simple interest. For year CD with a maturity of more than 24 months, 180 days simple interest is charged.

What happens when the CDs runtime ends and the CDs matures? It automatically renews for the same term at the current interest average rates. You do have the option to withdraw money from your CDs, and you have 10 calendar days from the expiration date to do so.

Other financial products offered

Money Market Accounts

It’s a great way to save and earn. They provide a high credit and online access and a great interest rate. You can easily access your online banking and check your balance online.

Checking Accounts

At Live Oak Banking, we offer a variety of checking account options to suit your business needs. Whether you’re looking for the one with no monthly fees or the one that earns interest, we have you covered. All of them come with free online and mobile banking so you can manage your money on the go.

Personal Loans

Live Oak Bank Personal Loans are a great option for small business owners in need of financial assistance. The bank offers competitive rates and terms, and is able to fund loans quickly. This makes it an ideal choice for business owners who need a loan fast.

Customer Service

You can connect with the bank’s customer service team by phone during the week from 8 a.m. to 8 p.m. EST at 1-866-518-0286 to ask for support.

You can send an email to the security email addresses abuse@liveoak.bank to report fraud of any kind.

Frequently Asked Questions

People must have a valid Social Security Number and be citizens or permanent residents of the United States. Customers with DHS work authorization who are temporarily admitted to the country legally are ineligible to open an account. To verify your information, we could ask for supporting documentation.

Yes, there are costs and deadlines. To view our fee schedule, click here. Call Customer Success Team at 866.518.0286 for further information about sending a wire.

Yes. You are only permitted a maximum of six (6) withdrawals (transfers) from your Savings Account each month, making more than six withdrawals in a month may result in fees and other penalties.

Per transfer, you may move up to $250,000. Both internal and external transfers fall under this.

Please call a Customer Success Manager at 866.518.0286 to make sure yours is canceled properly (Monday through Friday 8:00 a.m. – 8:00 p.m. ET).

Through an ACH transaction, you can electronically transfer money. To do this, sign in to the Portal page, choose Transfer Funds, and then choose the kind to transfer funds from and to as well as the amount to transfer. Within 1-2 working days, your ACH should post to your external one. 4:00 PM ET is the ACH cutoff time.Checks and a debit card are not included.

Only online applications are accepted. The short three-step application can be started by clicking “Get Started” on the webpage and then following the instructions. Be acknowledged of the Privacy Policy Disclosures. Your name, address, and external bank account details will be requested.

Your data will be electronically validated. If further verification is necessary, we could ask for supporting documentation. You will need to enter the amount of your opening deposit to arrange an ACH transfer from the verified bank into your new savings once this information has been verified. The holding period for the deposit is 5 business days. After completing the funding phase of the application, you can add a co-owner or beneficiary.

Live Oak Bank may request the following information during the online account opening procedure in order to confirm your identity: Name, Address, and Email (must be unique for each accountholder), SSN, Mobile Phone Number, We might ask for proof in order to make sure.

Conclusion

Thank you for reading this post which is about the way to login to Live Oak Bank and its competitive offers. If you want to explore more services, we recommend you read about OPTUMBank® Health Savings Account and more. Leave your comments below to let us know your thoughts and discuss more with PowerPACPlus’s readers.

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