Live Oak Bank
Live Oak Bank: industries it takes by its own published rules: AI and SaaS, with conditions. Last verified October 17, 2026.
- Live Oak Banking Company · North Carolina state-chartered bank, Member FDIC (FDIC cert 58665)
- FDIC ·
Where it takes companies from
The regions its own documents name, read on October 9, 2026
Products it publishes
International payments and FXSays it offers this
Outgoing International Standard Wire $40
Company cardsSays it offers this
Flexible debit card use with free withdrawals at over 55,000 Allpoint
Accepting card paymentsSays it offers this
Accept payments in person, online, or on the go with modern hardware and software
Merchant Processing Services are provided by our third-party payment processing partners, including Fiserv, Block Inc. dba Square, North dba NorthAB LLC.
Does not say it offers: Bulk payouts, Virtual accounts for your customers, Crypto on- and off-ramp, Safeguarding account, Client money account, Escrow
As its own pages say it, each quote with the date we read it. A product it does not mention is never shown as one it does not offer.
Currencies it holds
Holds USDaccount details of its own on the local payment system
Incoming Wire $10
Does not say it holds: CAD, SGD, HKD, AUD
Only currencies its own pages name, each quote with the date we read it. A currency it does not mention is never shown as one it does not hold.
Policy by industry
| Industry | Status | Checked |
|---|---|---|
| AI and SaaS | With conditions |
No published rule (read in full on October 9, 2026): Crypto, iGaming, Adult, Unlicensed financial services, Forex and CFD, Marketplace
Has this rule changed? Tell us
Fees
| Plan | Account opening | Monthly | Checked |
|---|---|---|---|
| Business Essential Checking | Not stated | USD 10, waived with a USD 1,000 average daily balance | · Source |
| Business Plus Checking | Not stated | USD 25, waived with a USD 25,000 average daily balance | · Source |
| Business Plus Analysis | Not stated | USD 100, an earnings credit can offset it | · Source |
Closing an account
We may close an account at any time upon reasonable notice to you, and, if we close an account, tender the balance of the account to you, at our option, personally, by mail, or as otherwise requested by you.
Account closed or frozen? What Live Oak Bank’s terms say
Rules about countries
Account holders and authorized signers must be a United States citizen or Permanent Resident with a valid Social Security number. People lawfully admitted to the United States on a temporary basis who have DHS authorization to work are not eligible to open an account.
What we read
- Acceptable use and prohibited activities
- Searched, none published · resources.liveoak.bank/hubfs/important-… · resources.liveoak.bank/hubfs/important-… · liveoak.bank/important-disclosures
- Help pages on particular industries
- Searched, none published · support.liveoak.bank/business-checking
- Countries it takes
- Searched, none published · resources.liveoak.bank/hubfs/important-… · support.liveoak.bank/getting-started/wh…
- Countries it refuses
- Searched, none published · resources.liveoak.bank/hubfs/important-… · resources.liveoak.bank/hubfs/important-…
- Rules on owners and directors
- Read · support.liveoak.bank/getting-started/wh… · support.liveoak.bank/business-savings-a… · support.liveoak.bank/business-cds/what-… · support.liveoak.bank/business-savings-a…
- Terms on closing accounts
- Read · resources.liveoak.bank/hubfs/important-… · resources.liveoak.bank/hubfs/important-…
- Complaints
- Searched, none published · resources.liveoak.bank/hubfs/important-… · liveoak.bank/contact-us
- Licence register
- Read · api.fdic.gov/banks/institutions