Advertiser Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.

Sable Bank Review

Andrew Omalley Andrew Omalley Last update:

Sable is a company that immigrants in the United States set up in 2019 as they had been facing numerous obstacles as part of the traditional financial system. The goal behind the creation of Sable was to provide simple banking to people of all backgrounds.

The company aims to offer mobile banking with minimal fees and is effortless to use. It also strives to be a borderless offering that treats everyone equally. This means that users do not need to have a Social Security Number or credit history to use Sable. This Sable review will look at all aspects of this online banking offering.

Promotions

  • No Social Security Number required.
  • Easy signup process.
  • No fees charged.

Sable Bank Account

 

The Sable Bank Account gives you access to a great range of benefits and rewards, with minimal fees. There are no minimum account balance requirements, as well as there being no monthly account fees, insufficient fund fees, or foreign transaction fees. You will get access to a Sable MasterCard debit card which allows you to easily spend money as needed both online and in-person.

There is up to 1% cashback available on eligible purchases when you use this debit card. This account also supports different forms of mobile payments, such as Apple Pay and Google Pay. The FDIC insures funds in your account up to a total of $120,000. You also do not have to pay any fees when making domestic or international transfers, while you also will not be charged any ATM fees.

Account Type Key Features
Sable Bank Account
  • No fees
  • FDIC insured up to $250,000
  • Up to 1% cashback on eligible purchases

 

Sable Bank APY

As Sable only has one account option and it is a regular checking account option, there will be no chance for you to earn interest on your accumulated funds.

What is a Sable Bank account best for?

There are many great attributes associated with using Sable Bank. Perhaps the standout benefit is that people who do not have a Social Security Number or credit history will still be able to open an account. Therefore, it is ideal for people who are new to the United States and might otherwise struggle when navigating the traditional financial system.

There are also no fees at all really that you have to pay as part of your Sable Bank account. This includes no monthly fees, no minimum required balance, no fees for domestic or international transfers, as well as no ATM withdrawal fees. There is also 1% cashback on eligible purchases when using your Sable Bank MasterCard debit card.

Sable also offers zero liability on purchases, as well as having an extended warranty and satisfaction guarantee. Finally, the fund in your Sable Bank account is insured up to $250,000. Therefore, Sable is an ideal fit for anyone who is looking to build credit or needs to get access to a bank account and struggles to otherwise do so.

 

Overdraft fees

Sable does not charge any sort of overdraft fee to its customers.

 

Opening an account at Sable Bank

Sable promises that the account registration process will only take about five minutes to complete. All you need to do is enter your contact info, download the app, verify your identity, and then receive your Sable card and you will be good to go.

There will be no Social Security Number or credit score required in order to create a Sable Bank account. As everything is done online, there is a very streamlined process when creating a Sable account.

 

Pros and Cons

All banks are going to have pros and cons that need to be considered before you create an account. Sable does a lot well, being a great fit in particular for people who are new to the US and don’t have a credit score or a Social Security Number. It is also great for people who are trying to build up their credit.

The low-cost structure will stand out for a lot of people, as you do not have to deal with the likes of monthly fees, overdraft fees, ATM fees, or transfer fees that are commonly seen with so many other lenders.  Able is also a trusted bank, with your account funds being insured by the FDIC up to $250,000.

In terms of the cons, the Sable offering could be a bit limited for some people as there are no savings account options or certificate of deposit options. There can be more lucrative rewards found elsewhere if this is your situation. Therefore, it could be worthwhile finding a more comprehensive offering if your needs are more complex or advanced.

Pros Cons
Low-cost structure Limited account options
No Social Security Number needed Bigger rewards elsewhere
Quick registration process

Comparison to similar bank accounts

Sable Bank Bank of America TD Bank
APY: / APY: Up to 0.05% APY: Up to 0.15%
Minimum balance: $0 Minimum balance: $100 Minimum balance: $0 
Benefits:

  • No SSN is needed.
  • No fees.
  • Fast application process.
Benefits:

  • Thousands of branches.
  • Easily avoided monthly fees.
  • Low minimum required opening deposits.
Benefits:

  • No minimum required account balance.
  • Option for in-person banking.
  • Good selection of accounts.

 

Get my rate

Disclaimer: Sable account is FDIC-insured up to $250,000 per depositor through Coastal Community Bank, Member FDIC. If you are not a U.S. citizen, you can apply with your passport and U.S. Visa. If you are a U.S. citizen, SSN is required to open a bank account.

Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.
Andrew Omalley Andrew Omalley
Andrew is a freelance writer who has been crafting valuable pieces of content relating to personal finance for more than five years. Previously, he studied Economics & Finance at university and he has professional qualifications relating to financial advice.
This review is based on the writer's personal opinion.