Latest news with #TABBank
Yahoo
6 days ago
- Business
- Yahoo
TAB Bank Prescribes $2 Million Asset-Based Line of Credit for a Medical Supply Chain Financing and Logistics Company
OGDEN, Utah, June 04, 2025 (GLOBE NEWSWIRE) -- TAB Bank has provided a $2 million revolving asset-based line of credit for a Canadian medical supply chain financing and logistics company. The company opened a $2 million Certificate of Deposit (CD) at TAB Bank to serve as collateral on the loan. TAB Bank's high-yield CD rate, currently at a 4.15% Annual Percentage Yield (APY), is a primary reason the medical supply chain solution provider chose to work with TAB. This strategic move allows the company to earn a return on its deposit while simultaneously building its commercial borrowing profile. The company offers supply chain financing and logistics support tailored specifically for North American medical service providers purchasing from local and global manufacturers. It provides a data-driven approach to procurement, inventory and end-to-end supply chain management of essential medical commodities, such as surgical supplies and medical devices for healthcare providers. 'The medical supply chain solution provider's decision to utilize TAB Bank's high-yield CD as collateral is a smart, forward-thinking strategy,' said Ryan Gabriel, Vice President and Business Development Officer for the Pacific Northwest and Western Canada at TAB Bank. 'It also highlights one of TAB's key strengths—offering competitive deposit products that work hand-in-hand with our lending solutions to build value for our clients.' TAB Bank offers customized financial products to small and midsized businesses across a wide range of industries, like asset-based lending, equipment financing and working capital solutions. The bank's personalized service and bold financial solutions continue to attract clients across North America. About TAB BankAt TAB Bank, our mission is to unlock dreams with bold financial solutions that empower individuals and businesses nationwide. We are committed to making financial success accessible to everyone through our innovative banking products. Our dedication drives us to continuously improve, ensuring that we meet the evolving needs of our clients with excellence and agility. For over 25 years, we have remained steadfast in offering tailored, technology-enabled solutions designed to simplify and enhance the banking experience. For more information about how we can help you achieve your financial dreams, visit Contact Information:Trevor MorrisDirector of in to access your portfolio
Associated Press
6 days ago
- Business
- Associated Press
TAB Bank Prescribes $2 Million Asset-Based Line of Credit for a Medical Supply Chain Financing and Logistics Company
OGDEN, Utah, June 04, 2025 (GLOBE NEWSWIRE) -- TAB Bank has provided a $2 million revolving asset-based line of credit for a Canadian medical supply chain financing and logistics company. The company opened a $2 million Certificate of Deposit (CD) at TAB Bank to serve as collateral on the loan. TAB Bank's high-yield CD rate, currently at a 4.15% Annual Percentage Yield (APY), is a primary reason the medical supply chain solution provider chose to work with TAB. This strategic move allows the company to earn a return on its deposit while simultaneously building its commercial borrowing profile. The company offers supply chain financing and logistics support tailored specifically for North American medical service providers purchasing from local and global manufacturers. It provides a data-driven approach to procurement, inventory and end-to-end supply chain management of essential medical commodities, such as surgical supplies and medical devices for healthcare providers. 'The medical supply chain solution provider's decision to utilize TAB Bank's high-yield CD as collateral is a smart, forward-thinking strategy,' said Ryan Gabriel, Vice President and Business Development Officer for the Pacific Northwest and Western Canada at TAB Bank. 'It also highlights one of TAB's key strengths—offering competitive deposit products that work hand-in-hand with our lending solutions to build value for our clients.' TAB Bank offers customized financial products to small and midsized businesses across a wide range of industries, like asset-based lending, equipment financing and working capital solutions. The bank's personalized service and bold financial solutions continue to attract clients across North America. About TAB Bank At TAB Bank, our mission is to unlock dreams with bold financial solutions that empower individuals and businesses nationwide. We are committed to making financial success accessible to everyone through our innovative banking products. Our dedication drives us to continuously improve, ensuring that we meet the evolving needs of our clients with excellence and agility. For over 25 years, we have remained steadfast in offering tailored, technology-enabled solutions designed to simplify and enhance the banking experience. For more information about how we can help you achieve your financial dreams, visit Contact Information: Trevor Morris Director of Marketing 801-624-5172 [email protected]
Yahoo
10-05-2025
- Business
- Yahoo
TAB Bank review (2025): An online bank with one of the best high-yield savings accounts on the market
Summary: TAB Bank is a Utah-based online bank that was founded in 1998 as Transportation Alliance Bank and primarily served customers in the trucking industry. It has since expanded to provide banking services to individuals, families, and businesses across the nation. TAB Spend is a rewards checking account that offers customers the chance to earn interest on their checking account balance as well as cash back on their purchases. There is no monthly fee associated with this account. There is also no minimum opening deposit requirement, though you'll need to maintain a balance of $0.01 to earn interest. TAB's high-yield savings account currently offers 4.26% APY with no minimum opening deposit or minimum balance required. There are also no monthly maintenance fees. This account ranks among our list of the 10 best high-yield savings accounts available today. TAB Bank has served the trucking industry for decades, and its Chrome Checking account is designed for truck drivers and OTR operators. This account requires a minimum of $25 to open and offers 0.10% APY. This account charges a monthly service fee of $8, which can be waived by meeting one of the following requirements: $1,000 minimum daily balance 8 debit card purchases post to your TAB checking account during the monthly statement cycle, excluding ATM transactions $1,200 in direct deposits per monthly statement cycle TAB's money market account requires a minimum opening deposit of $25 and offers 0.25% APY. Interest is compounded daily and credited monthly. TAB Bank's CDs offer rates up to 4.21% APY with a minimum opening deposit of $1,000. Terms range from one to five years, and interest is compounded daily and credited monthly. TAB Bank's CD offerings were included in our ranking of the best CDs available today. TAB currently offers auto, home, renters, pet, life, disaster insurance, and more. Business customers can take advantage of TAB's suite of business products and services, which include business loans, lines of credit, checking and savings accounts, money market accounts, and more. This embedded content is not available in your region. Here's a closer look at the fees you may be responsible for as a TAB Bank customer: Here are some of the major pros and cons to consider before becoming a TAB Bank customer: Pros: Checking account earns rewards: Spend account customers can earn 1% cash back on all purchases. Competitive rates on savings account and CDs: TAB's savings account and CDs offer more than 4% APY — well above national averages. No monthly fees for most accounts: With the exception of the Chrome checking account, TAB Bank doesn't charge monthly maintenance fees. Cons: High minimum opening deposit for CDs: The minimum opening deposit for CDs is $1,000, which is higher than many comparable CDs on the market. No physical branches: TAB Bank does not have physical branch locations for customers to visit, which could be a drawback for banking customers who prefer face-to-face service. TAB Bank representatives can be reached via telephone at (800) 355-3063 from 6 a.m. to 7 p.m. (Mountain), Monday through Friday, and 9 a.m. to 3 p.m. (Mountain) on Saturdays. Federal holidays are excluded. The bank also offers an online form you can submit to be contacted via phone or email. TAB's mailing address is: 4185 Harrison Blvd, Ogden, UT 84403. This bank also offers banking services via its mobile app, which is available for download on both the App Store and Google Play with a rating of 4.7 and 4.4 stars, respectively. Customers can use the app to check account balances, search transactions, transfer funds between accounts, pay bills, deposit checks, and more. Yes, TAB Bank is an FDIC-insured bank that insures deposits to the federal maximum of $250,000 per depositor, per ownership category. TAB Bank's routing number is 124384657. TAB Bank was founded in 1998.
Yahoo
23-04-2025
- Business
- Yahoo
7 ways your checking account can earn you extra money
We all use our checking accounts for the basic purposes — direct deposit of our paychecks, paying monthly bills and making debit card purchases. And while usually you're seeing money leave your checking account, there are ways you can actually earn money with your checking account too. Here are ways you can earn extra cash with your checking account and maybe even grow your savings: Hopefully you have already discovered the benefit of opening a high-yield savings account, which can earn you upwards of 4 percent annual percentage yield (APY). But did you know you could earn interest on the money you keep in your checking as well? There are checking accounts that will pay interest with few (or no) requirements, such as TAB Bank's Spend Checking account, which pays 3.50 percent APY on all balances, with no hoops to jump through to earn the APY. You can find higher APYs but they sometimes come with restrictions to earn the high advertised yield. Presidential Bank Advantage Checking earns up to 4.62 percent APY, but you'll have to set up a monthly direct deposit of $500 or more and make a minimum of seven electronic withdrawals per month (such as ATM withdrawals) to get that rate. Even though it's great to earn interest on your checking balance, it's not meant to replace a savings account. Keep excess cash in other places where you'd earn more, such as the aforementioned high-yield savings account or a high-yield certificate of deposit (CD). You can find a checking account that allows you to earn cash back on purchases. Typically, the cash back you earn is automatically added to your account balance at the end of the month. Here are some checking accounts that offer cash back: Discover's Cashback Debit: 1% cash back on purchases up to $3,000 LendingClub Rewards Checking: 1% cash back (as long as you maintain an average monthly balance of at least $2,500 or receive that much in direct deposits) TAB Spend Checking: 1% cash back (in addition to earning 3.50 percent APY on all balances) There are also checking accounts that offer cash back on specific purchases. For example, Bank of America has BankAmeriDeals, where you can get cash back on purchases with select brands, such as Kohl's and The Home Depot. If you're in the market for a new checking account, see if you can score a bonus for signing up. You'll likely have to meet some requirements, such as receiving a specific amount of money worth of direct deposits, but if you can meet the terms and like the account, you'll end up with free money. Find a bonus: Bankrate's lists of best bank account bonuses If you're happy with your current checking account, you may be able to earn extra cash just for recommending the account to your family and friends. As an added perk, the person you refer often scores a bonus as well. There may be certain stipulations to get your bonus, such as the person must open a specific account, fund the account in a certain time period or with a specific amount of money. Check if your bank is running a referral bonus promotion. See if your checking account can earn you a relationship rate on savings products at the same bank. A relationship rate is a better rate that banks give to customers who open more accounts with them. A relationship rate can come in the form of higher APYs on CDs, money market accounts or savings accounts. It can also be a reduction of an interest rate on a loan, such as a mortgage loan. For example, KeyBank offers a higher rate on savings accounts and interest rate discounts on personal and mortgage loans. If your account offers it, consider signing up for a round-up savings feature where each debit card purchase is rounded up to the nearest dollar amount and the change gets transferred from your checking account to your savings. As long as your transfers go to a high-yield savings account, then your money will earn money thanks to the power of compound interest. SoFi and Ally Bank are two institutions that offer this feature in their checking account and have savings accounts with strong rates. Your checking account just might come with some unique benefits that can save you money, such as cell phone protection, reduced admission to events or locations, discounts on subscriptions and more. For example, Bank of America offers debit cardholders completely free general admission on the first full weekend of every month to more than 225 museums across the United States. Navy Federal Credit Union offers members discounts on car rentals, home and auto insurance and SiriusXM. Check out your bank's website, which will often highlight these features or give customer service a call to ask what perks are offered. Keep in mind that while it's fantastic to have a checking account that results in extra cash, it shouldn't be the sole reason you choose your checking account. Compare other important features that you need from a checking account, like: No monthly maintenance fees (or one that is easily waived) Convenient customer service hours and types Free overdraft protection A large ATM network with no fees and/or ATM-fee reimbursements Early direct deposit Whatever account you choose, be sure it's from an institution that is insured by the Federal Deposit Insurance Corp. or the National Credit Union Administration. This way, your money is protected in case of a bank failure, up to $250,000 per depositor, per insured institution and per account ownership type. You can earn a little extra cash with your checking account if you can take advantage of some features, such as earning interest, cash back or getting a sign-up bonus. But always consider the whole picture when it comes to choosing a checking account to make those perks worth it. Sign in to access your portfolio
Associated Press
27-03-2025
- Business
- Associated Press
TAB Bank Closes $13 Million Lender Finance Facility with Capital Foundry to Fuel Small and Middle-Market Business Growth
OGDEN, Utah, March 27, 2025 (GLOBE NEWSWIRE) -- TAB Bank closed a $13 million lender finance facility for Capital Foundry, a Pittsburgh-based specialty finance lender that provides a variety of debt and credit products as well as business consulting services to small businesses and middle-market companies. This addition to Capital Foundry resources will enable the firm to expand its lending capabilities and better serve businesses seeking financing to support growth and working capital needs. Capital Foundry offers non-dilutive credit and debt solutions for underserved small and middle-market U.S.-based manufacturing, consulting and services industry companies. With expertise across multiple sectors, including a focus on energy services, the firm also offers business consulting services to help management teams achieve their growth, reorganization and capitalization goals. 'TAB Bank and Capital Foundry share a commitment to supporting businesses that often struggle to access flexible financing solutions traditionally offered by local and regional banks,' said Justin Hatch, Chief Lending Officer at TAB Bank. 'We look forward to our working partnership and empowering these businesses with the funding they need to succeed.' 'Capital Foundry is excited to partner with TAB Bank,' said Neal Shipley, CEO of Capital Foundry. 'TAB has exceptional customer service and attention to detail. It was a pleasure to work with their team, and we look forward to a wonderful partnership.' TAB Bank provides customized financial solutions to help businesses thrive in competitive markets. With a range of services, including working capital facilities, term loans and equipment financing, TAB Bank delivers bold financial solutions that lift and empower businesses nationwide. About TAB Bank At TAB Bank, our mission is to unlock dreams with bold financial solutions that empower individuals and businesses nationwide. We are committed to making financial success accessible to everyone through our innovative banking products. Our dedication drives us to continuously improve, ensuring that we meet the evolving needs of our clients with excellence and agility. For over 25 years, we have remained steadfast in offering tailored, technology-enabled solutions designed to simplify and enhance the banking experience. For more information about how we can help you achieve your financial dreams, visit Capital Foundry addresses the needs of underserved middle-market enterprises operating in a variety of places throughout a typical business cycle. CF has a demonstrated track record of success financing rapidly growing businesses, regardless of the sector, whose principal revenue source is not based in a traditional asset. Primarily, Capital Foundry is focused on receivable based securities, but has taken other assets as collateral and prides itself in providing flexible financing options for its clients. While being industry agnostic, Capital Foundry focuses the majority of its lending practice in the energy, health-care, technology, freight, and other service based industries. Contact Information: Trevor Morris 801-624-5172
