WesBanco Review 2024

• Overall bank rating
• Pros and cons
• Savings
• Checking
• CD
• Money market account
• How WesBanco works
• WesBanco trustworthiness and BBB rating
• WesBanco vs. Woodforest National Bank 
• WesBanco vs. Huntington Bank 
• Frequently asked questions

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The bottom line: WesBanco might be a decent option if you're looking for a variety of CD terms. 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.

Overall bank rating

Pros and cons

WesBanco Statement Savings Account

$9 quarterly service fee

0.01%

$50

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Possible to waive quarterly service fee

• con icon Two crossed lines that form an 'X'. Low interest rate
• con icon Two crossed lines that form an 'X'. $50 minimum opening deposit
• con icon Two crossed lines that form an 'X'. $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 0.45% APY.

WesBanco Personal Checking Account

$6 monthly service fee

None

$50

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Possible to waive monthly service fee
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Overdraft protection available

• con icon Two crossed lines that form an 'X'. $50 minimum opening deposit
• con icon Two crossed lines that form an 'X'. $6 monthly service fee
• con icon Two crossed lines that form an 'X'. $35 overdraft fee
• con icon Two crossed lines that form an 'X'. $2.50 out-of-network ATM fee
• con icon Two crossed lines that form an 'X'. $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

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Variety of CD terms
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Standard CD early withdrawal penalties

• con icon Two crossed lines that form an 'X'. Low interest rate
• con icon Two crossed lines that form an 'X'. $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

• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Possible to waive monthly service fee
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Free checks
• Check mark icon A check mark. It indicates a confirmation of your intended interaction. Debit card option

• con icon Two crossed lines that form an 'X'. Low interest rate
• con icon Two crossed lines that form an 'X'. $1,000 minimum opening deposit it
• con icon Two crossed lines that form an 'X'. $10 monthly service fee
• con icon Two crossed lines that form an 'X'. 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.

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. 

• Bank accounts
• Savings and CD rate trends
• Budgeting
• Saving
• How banks operate

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