About Able Banking

ableBanking is an online banking division of Northeast Bank, a community bank based in Maine and founded in 1872. Northeast Bank has over 200 employees, and operates 10 traditional branch offices throughout seven counties in Maine, including technology and operations teams that support ableBanking.
Customer Service #

Add a Bank to Compare

Bank Rates
CIT Bank
Add
Bank Reviews
Community Bank, National Association
Add
Bank Rates
Incredible Bank
Add
Compare Banks

Overall Rating

MyBankTracker Grade

B
Customer Rating
Based on 5 Reviews
Financial Health
Based on Texas Ratio: 9.43
Bank Fees
vs. Average
Bank Rates
vs. Average
Mobile Banking
Quality of Mobile Services

Customer Reviews

Most Helpful Customer Reviews

strobnm's Profile Image

Reviewed by strobnm

Oct 23rd 2012

4 out of 5 marks

Pretty impressive so far!

Shopped around for weeks. Came down to TIAAdirect, Bank of Internet, AmericanExpress, and Able Bank. Ended up going with Able Bank and am quite happy so far.

* Best rates (excl TIAA which isn't accepting applications)

* Socially responsible banking / Good principles

* Non-political banking. I'm tired of my money going to banks that pick candidates and lobby. I want them focused on my money and my community.

Is this review helpful? ▲ Yes 1 ▼ No 0

pan's Profile Image

Reviewed by pan

Jun 1st 2013

2 out of 5 marks

Worst banking experience ever!

This account was barely even 3 months and the bank had reduced the interest rates twice in that time which made it pointless to have even opened this account in the first place. Also it is the only online bank out of any I have used that restricts transfers out to 25K a day. But they have no problem with other online banks allowing you to transfer money in without restrictions. Then the do-gooder charity that gets pushed up the yin yang. Customers have savings accounts to earn interest, one already pays full state and federal taxes on the petty amount being earned. Essentially, by the rate reductions, it was like taking 500 dollars a year away from my account in interest while giving me back 50 dollars a year to donate to charity through the bank. Sure, sounds like a deal, not. Then they closed the account without notice, claiming I added a 2nd linked account and that I checked my bank account online too often. In inquiring about this, the security watch dog said that these actions raised red flags. I think the only thing questionable and suspect was that the bank took this action only after I was trying to transfer money out to one of the linked bank accounts. I should have known from the get go that a bank with such a stupid name would be a farce. However, on the positive side, the employees working the basic customer service line were very polite and nice. it was obvious the bank does not hire those with that hideous Boston speech impediment to staff the phones. The online web site was a disaster, it would trip up and log you off at the drop of a hat. I have used enough bank websites and this was by far the clumsiest one ever. Glad to be out of that dog and pony show for good.

Is this review helpful? ▲ Yes 1 ▼ No 0

leblanc's Profile Image

Reviewed by leblanc

Apr 19th 2013

1 out of 5 marks

This bank is a fraud

This bank which pretends to be a community bank in Maine is run by a bunch of thieves based in Boston. Dont be fooled by their faux charitible story line

Is this review helpful? ▲ Yes 1 ▼ No 0

Post a review View all reviews

Popular Questions

No questions have been started about Able Banking. Help the community by being the first one to start a question about Able Banking.

Ask a Question

Bank Rates

NAME RATE (APY) MIN TO EARN APY Min Deposit
Personal Money Market

0.80%

$0

$1,000

TERM RATE (APY) Min Deposit
6 Month CD

0.40%

$1,000

12 Month CD

1.05%

$1,000

24 Month CD

0.70%

$1,000

36 Month CD

0.90%

$1,000

48 Month CD

1.65%

$1,000

Banking Fees

Type Fee National average
Monthly Inactivity

N/A

$7

Non-Sufficient Fund (Overdraft)

$30

$30

Stop Payment item

N/A

$27

Return Deposit

N/A

$14

Domestic Wire Transfer (Outbound)

$20

$22

Domestic Wire Transfer (Inbound)

$0

$9

Non-Bank ATM

N/A

$1