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WesBanco might be a decent option if you're looking for a variety of WesBanco WesBanco CD. Keep in mind it pays low interest rates on savings accounts and only serves residents in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, Virginia, and West Virginia. If you live in another state or want to bank online, you can find higher rates with the best high-yield savings accounts.
Wesbanco Overall Bank Rating
| Feature | Personal Finance Insider rating (out of 5) |
| Savings | 3.25 |
| Checking | 4 |
| CD | 3.75 |
| Money market account | 4.5 |
| Trustworthiness | 5 |
| Total | 4 |
Wesbanco Pros and Cons
| Pros | Cons |
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WesBanco Statement Savings Account
$9 quarterly service fee
0.01%
$50
- Possible to waive quarterly service fee
- Low interest rate
- $50 minimum opening deposit
- $9 quarterly service fee
- Over 200 locations in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, Virginia, and West Virginia
- Access to over 55,000 surcharge-free ATMs through the Allpoint ATM network
- To waive the $9 quarterly service fee, maintain at least $300 in your account daily OR be under the age of 18
- Interest compounded and deposited quarterly
- Member FDIC
You might like the WesBanco Statement Savings Account if you're eligible to waive the $9 quarterly service fee. You'll need to keep $300 in your account daily or open the account for a minor.
WesBanco savings accounts have a slightly lower interest rate than the average savings account. According to the FDIC, the national deposit rate on savings accounts is 0.42% APY.
WesBanco Personal Checking Account
$6 monthly service fee
None
$50
- Possible to waive monthly service fee
- Overdraft protection available
- $50 minimum opening deposit
- $6 monthly service fee
- $35 overdraft fee
- $2.50 out-of-network ATM fee
- $5 overdraft transfer fee
- Over 200 locations in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, Virginia, and West Virginia
- Access to over 55,000 surcharge-free ATMs through the Allpoint ATM network
- To waive the $6 monthly service fee, maintain at least $500 in your account daily OR sign up for online statements in the first 60 days
- Overdraft protection that links your checking account to a WesBanco savings account
- There's a $5 transfer fee if you utilize overdraft protection
- Member FDIC
The WesBanco Personal Checking Account works best if you sign up for online statements and overdraft protection to avoid monthly service fees and overdraft fees.
WesBanco charges a $5 transfer fee if you utilize overdraft protection, though. If you'd prefer to open a checking account with free overdraft protection, consider other banking options.
WesBanco CD
0.45% to 4.50%
$1,000
- Variety of CD terms
- Standard CD early withdrawal penalties
- Low interest rate
- $1,000 minimum opening deposit
- Over 200 locations in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, Virginia, and West Virginia
- Access to over 55,000 surcharge-free ATMs through the Allpoint ATM network
- Terms range from 4 weeks to 5 years
- Early withdrawal penalties vary depending on the term you choose and the amount deposited; Contact your nearest branch for more information
- Interest compounded and deposited monthly
- Member FDIC
WesBanco has a variety of CDs, ranging from four weeks to five years. However, online banks and credit unions offer more competitive interest rates right now.
WesBanco Personal Money Market Account
$10 monthly service fee
0.01% to 4.50%
$1,000
- Possible to waive monthly service fee
- Free checks
- Debit card option
- Low interest rate
- $1,000 minimum opening deposit it
- $10 monthly service fee
- Need at least $1,000 to earn interest
- Over 200 locations in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, Virginia, and West Virginia
- Access to over 55,000 surcharge-free ATMs through the Allpoint ATM network
- Must maintain at least $1,000 in account to earn interest
- To waive the $10 monthly service fee, maintain at least $1,000 in your account daily
- Interest compounded and deposited monthly
- Member FDIC
The WesBanco Personal Money Market Account might be ideal if you can maintain $1,000 in your account daily. By meeting this requirement, you'll waive the $10 monthly service fee and earn interest.
If you think that you'll struggle to keep that much money in your account, go through our best money market accounts guide for bank accounts with lower minimum balance requirements.
How WesBanco Works
WesBanco is a brick-and-mortar bank with over 200 locations in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, Virginia, and West Virginia. Customers have access to over 55,000 surcharge-free ATMs through the Allpoint ATM network.
Contact customer support by phone 24/7.
The bank's mobile app received 4.5 out of 5 stars in the Apple store and 3.9 out of 5 stars in the Google Play store.
WesBanco is an FDIC-insured bank. Up to $250,000 is secure in an individual account.
WesBanco Trustworthiness and BBB Rating
The Better Business Bureau assesses banks based on responses to customer complaints, honesty in advertising, and transparency about business practices. The BBB gives WesBanco an A+ rating.
On the bright side, WesBanco hasn't been involved in a recent public settlement.
WesBanco vs. Woodforest National Bank
WesBanco and Woodforest National Bank are brick-and-mortar banks based in the Midwest. Here's how the two compare.
Woodforest National Bank will likely stand out if you don't have a lot of money for an initial deposit. You'll only need $25 to open a savings account, checking account, or money market account. At WesBanco, you'll need at least $50 for a savings account or checking account and $1,000 for a money market account.
If you'd like to open a CD at a brick-and-mortar bank, it might be a toss-up between WesBanco and Woodforest National Bank. WesBanco offers a variety of CD terms, but Woodforest National Bank pays higher interest rates on long-term CDs and has a lower minimum opening deposit of $500. Your preference may depend on the term you choose and amount of money you have available.
WesBanco might also be a solid choice if you prefer a bank that has a great mobile app. Woodforest National Bank has lackluster ratings on the Google Play and Apple stores.
WesBanco vs. Huntington Bank
We've compared WesBanco to the institution Huntington Bank. See how the two regional brick-and-mortar financial institutions stack up below.
You might lean more toward Huntington Bank if you're searching for a strong traditional checking account. The Huntington Asterisk-Free Checking® Account charges zero monthly service fees and offers free overdraft protection.
WesBanco makes it easier to waive bank service fees if you're looking for savings accounts, though. The WesBanco Statement Savings Account lets you waive its $9 quarterly service fee if you open the account for a minor or maintain a daily balance of at least $300.
WesBanco will also probably be a better choice for CDs since it pays higher interest rates on all terms.
Why You Should Trust Us: How We Reviewed Wesbanco
We rate bank accounts on a scale from one to five stars. For WesBanco's checking, savings, and money market accounts, we used Personal Finance Insider's bank account ratings methodology. The exact factors we evaluate vary depending on the type of account — for example, we look at overdraft fees for checking accounts and interest rates for savings and money market accounts.
For WesBancos CDs, we used our CD rating methodology which looks at interest rates, minimum opening deposits, early withdrawal penalties, CD variety, customer support availability, mobile app ratings, miscellaneous features, and the security and ethics of the company.
We use a weighted average to get our star rating, which means we weigh certain features, like interest rates and fees, at a higher weight percentage than others. We understand that these areas can more heavily impact a person's overall banking experience.
WesBanco Frequently Asked Questions
WesBanco might be a good option if you prefer a bank with a decent-sized branch and ATM network instead of online banking.
However, savings and checking accounts charge monthly service fees if you don't meet specific requirements. Glimpse through our best savings account guide if you're opening to online banking.
To open a WesBanco savings or checking account, you'll need at least $50. CDs and money market accounts require an initial deposit of at least $1,000.
The maximum amount you may withdraw from a WesBanco ATM is $305 per day.
