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Sallie Mae Bank

Bank · United States

About the company

Legal company nameSallie Mae Bank · SLM Corporation
Year founded—
Headquarters / registered countrySalt Lake City, United States
Websitewww.salliemae.com
Last checked11.11.2026

According to its official website, Sallie Mae Bank is a bank, part of SLM Corporation, that helps students pay for school and save; the site states that the company has adopted the broader name 'Sallie', while Sallie Mae remains the product name for its student loans and savings products. Deposit products are offered through Sallie Mae Bank, Member FDIC; according to the FDIC record the bank is an FDIC-supervised state bank based in Salt Lake City, Utah. Products include private student loans for undergraduate, graduate and career training studies; a High-Yield Savings account with no minimum balance or deposit to open, a Money Market account, fixed-rate certificates of deposit (CDs) opened with a $2,500 minimum deposit and the SmartyPig online piggy bank account; the site states that its savings products have no monthly fees. The group also offers free tools such as Scout College Search, Scholly Scholarships and a FAFSA guide. This information is the company's own statement.

Account Details

ACCOUNT TYPESHigh-Yield Savings · Money Market · Certificate of deposit (CD) · SmartyPig
MIN. DEPOSIT2,500 USD (certificate of deposit)
PLATFORMSOnline banking (salliemae.com)
PRODUCTSPrivate student loans · High-yield savings · Money market account · Certificates of deposit · SmartyPig

Licences and regulation

FDIC (United States)

Licence no.FDIC Cert. 58177
Licence holderSallie Mae Bank
ScopeFDIC BankFind: Sallie Mae Bank (Salt Lake City, UT), active, FDIC-insured state bank (FDIC-supervised); insured since 28 Nov 2005; assets $28.5bn (30 Jun 2026); 1 office. The site footer states that deposit products are offered through Sallie Mae Bank, Member FDIC.
StatusVerified
USER REPORTS

User complaints

User reports found online are classified by topic. The reports are compiled from records on Trustpilot, WikiFX, Şikayetvar and FastBull, and one person's records count once.

There are no classified user reports for this institution yet.

Sources and verification history

Official company sourcessalliemae.com — homepage, About, Our Story, Savings Products, footer
Regulator recordsFDIC BankFind — Sallie Mae Bank, Cert. 58177 (banks.data.fdic.gov, 11 Nov 2026)
Company registerVerified source to be added
User feedback sourcesTrustpilot · Şikayetvar · WikiFX · FastBull
Last verified11.11.2026
SAME CATEGORY

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Frequently asked questions

Is Sallie Mae Bank trustworthy?

According to the data, Sallie Mae Bank has 1 verified licence (FDIC); there are no classified user reports yet. This page does not express an opinion; licence records come from official registers and reports from sourced records.

Which licences does Sallie Mae Bank hold?

Licences verified in official registers: FDIC (United States) – FDIC Cert. 58177.

Are there complaints about Sallie Mae Bank?

No classified user reports about Sallie Mae Bank yet. Sources: Trustpilot, Şikayetvar, WikiFX, FastBull.

How can I file a complaint about Sallie Mae Bank?

Use the "File a Complaint" button on this page to open the form; the institution is preselected. Describe the issue, the date and attach any supporting documents. The complaint is reviewed by our team, published if eligible and forwarded to the institution; with the tracking link you receive, you can follow the process and the institution’s reply.

How is the information about Sallie Mae Bank verified and when was it last checked?

Licence records are checked against official registers (last verification 11.11.2026). Complaint records are re-scanned every month on Trustpilot, Şikayetvar, WikiFX, FastBull. The institution’s details were last checked on 11.11.2026.

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