The Post New
Reviews Credit Cards US Loans Finances
pesquisar
Search →
Reviews →
Credit Cards →
US →
Loans →
Finances →

Advertiser Disclosure

We are an independent, objective, advertising-supported content publisher website. In order to support our ability to provide free content to our users, the recommendations that appear on our site might be from companies from which we receive affiliate compensation. Such compensation may impact how, where and in which order offers appear on our site. Other factors such as our own proprietary algorithms and first party data may also affect how and where products/offers are placed. We do not include all currently available financial or credit offers in the market in our website.

Account (US)

Merrick Bank review: is it trustworthy?

Merrick Bank is not a traditional bank, and you can find its products online. Learn everything about this online bank that helps people rebuild their credit and reestablish their finances.

Advertisement

Understanding Merrick Bank: credit cards and loans with online-banking 

Merrick Bank
Learn everything about Merrick Bank. Source: The Post New.

You can get a wide range of banking services with Merrick Bank, and we’ll show you everything in this review. Check if they offer some financial products that you need right now.

Merrick Bank

How can you get a Merrick Bank financial product?

Apply for a loan or a credit card, regardless of your credit score. This post will show you how to get it from Merrick Bank. It's online and super easy.

Keep Reading
card

How can you get a Merrick Bank financial product?

You will remain in the same website

Merrick Bank is an online bank, but it’s legit, and FDIC insured. So you can get your loans and credit cards through their website and be sure to receive a good service.

  • Financial products offered: Credit cards, loans, and CDs
  • Fee:  $75 set-up fee and $0 to $98 annual fee for the credit cards
  • Minimum balance: $25,000 minimum deposit for the CDs

You will be redirected to another website

What are you looking for today?

Search →

Top Searches

How is banking with Merrick Bank?

Merrick Bank is not like other banks that come to your mind. It is based in Utah but works online for the entire U.S. It doesn’t have any type of account for you to open, so you’ll have to find another bank to put your money.

But it does offer many types of loans. You can get a personal loan or a recreational loan. You can also ask for one of their credit cards. All of these services are targeted toward people with not-so-good credit scores, so don’t worry about that.

Merrick Bank also offers one of the best rates for Certificates of Deposit on the market, with outstanding APYs. However, you’ll have to place at least $25,000 in your  CD to get it approved.

It does not provide a premium banking service, and its financial products don’t have many benefits, but you’ll get a decent credit line even if your credit score is not in its best shape.

You will be redirected to another website

By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and I may revoke my consent at any time.

Merrick Bank: should you open an account?

Young Asian woman celebrate success or happy pose with laptop
People with fair credit scores can get a loan or credit card with Merrick Bank. Source: Adobe Stock.

A good review has to show you not only the benefits but some possible drawbacks you may find in Merrick Bank services. So, The Post New will highlight some pros and cons. But remember that every bank will work differently for each people. See if it fits you!

deal

deal

deal

deal

deal

deal

You will be redirected to another website

Benefits

  • Offer loans and credit cards for people with not-perfect credit scores
  • The secured credit cards have good interest rates if compared with other credit cards in the same category
  • Recreational loans to help you get your boat or your horse trailer to have fun with your family

Disadvantages

  • Merrick Bank offers no checking or savings account
  • No physical branches for in-person attendance
  • When you get a credit card, the annual fee is deducted from your credit limit on the first month
  • The minimum deposit for the CD is extremally high, which makes it impracticable for most people.

Why should you choose Merrick Bank?

If you need a personal loan or a credit card, but your credit score is not that good, you have a good chance of being approved with Merrick Bank. 

It is not a bank for those who are looking for a checking or savings account. The CDs are also not affordable for most people, so you’ll have better luck looking for it at some other bank.

How to start banking with Merrick Bank

Merrick Bank has no physical branches, so after reading this review, you can apply online for its products. We’ve made content explaining the eligibility requirements and the step-by-step to join this bank.

To get this information, read the following post, and go get your Merrick Bank financial product.

Merrick Bank

How to apply for Merrick Bank financial products?

Apply for a loan or a credit card, regardless of your credit score. This post will show you how to get it from Merrick Bank. It's online and super easy.

Keep Reading
card

How to apply for Merrick Bank financial products?

You will remain in the same website

About the author  /  Julia Bermudez

card

You will be redirected to another website

Trending Topics

content

The Best Apps for Personal Trainers: Boost Your Fitness Training

Find out how you can improve your fitness classes with the best apps for personal trainers! Read on to learn more!

Keep Reading
content

Buy On Trust Lending application

See how the Buy On Trust Lending application process works and learn how you can easily upgrade your electronic devices with their help.

Keep Reading
content

FB&T Personal Loan review

If you’re an Oklahoma resident in need of some extra cash to cover expenses, this FB&T Personal Loan review was made for you.

Keep Reading

You may also like

content

Platinum Secured Card from Capital One application

Take the first step towards better credit and learn how to apply for the Platinum Secured Card from Capital One online and in minutes!

Keep Reading
content

5 Investment Accounts Everyone Should Have

There are a number of ways you can start investing with minimum risk. Read on and find out about different types of investment accounts.

Keep Reading
content

Bank of America® Travel Rewards Card review

Are you looking for an exceptional travel rewards card? Then check out our Bank of America® Travel Rewards Card review!

Keep Reading

We won't ask you to pay in order for us to release any products, including credit cards or loans. If this happens, please contact us immediately! Keep in mind that any info you see here may diverge slightly from the service provider's websites. Especially regarding providers with which we have no affiliation whatsoever: we can't guarantee the precision of information available on our site, even though we strive to keep it updated as much as possible! We believe that reading terms and conditions is a necessary step before making any purchase. Our website displays ads from third parties, which may earn us some money when you click on one of these banner advertisements or links in the email we send out after subscribing to our newsletter.