Live Oak Bank review
Updated October 14, 2026 · SumCue Editorial Team
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Our verdict
Live Oak Personal Savings has no limit on transfer count, with a maximum of $250,000 per transfer day.
Key facts
- Best for
- US savers comfortable managing transfers online without checks or a debit card
- Legal entity
- Live Oak Banking Company↗
- Headquarters
- United States↗
- Founded
- 2008↗
- Official website
- liveoakbank.com
Facts checked September 26, 2026, 1 source
Apps and profiles
- Get the app
- App Store
Pros
Pros
- Live Oak Personal Savings has no limit on transfer count, with a maximum of $250,000 per transfer day.
- ACH transfers generally take one to two business days; incoming ACH transfers initiated in the portal are held for five business days, and check or mobile deposits may also be held up to five business days.
Who it suits
- US savers comfortable managing transfers online without checks or a debit card
Account
Live Oak Personal Savings has no limit on transfer count, with a maximum of $250,000 per transfer day. ACH transfers generally take one to two business days; incoming ACH transfers initiated in the portal are held for five business days, and check or mobile deposits may also be held up to five business days. The account does not include checks or a debit card.
How Live Oak Bank compares
Frequently asked questions
Which company operates Live Oak Bank?+
Live Oak Bank is operated by Live Oak Banking Company. (Source, checked September 26, 2026)
Where is Live Oak Bank based?+
Live Oak Bank is based in United States. (Source, checked September 26, 2026)
When was Live Oak Bank founded?+
Live Oak Bank was founded in 2008. (Source, checked September 26, 2026)
Sources
- banks.data.fdic.gov/api/institutions checked September 26, 2026
Backs: Founded, Headquarters, Legal entity
“ESTYMD 05/12/2008”
Compiled from 1 source page, checked October 14, 2026. We did not open an account.
Not confirmed yet: Headline rate, Rate type, Term, Minimum deposit, Deposit protection.
Live Oak Bank
US savers comfortable managing transfers online without checks or a debit card