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Regions Bank (Drive-Thru Only)
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Applied Bank in Wilmington, DE
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FDIC-insured Delaware State Chartered Bank offering checking, savings, credit cards, and commercial banking with asset protection features since 1996.
Data compiled from public sources
Applied Bank Review
Applied Bank is a Delaware State Chartered Bank headquartered in Wilmington, Delaware, that has been operating since 1996. The bank is FDIC-insured and positions itself as Delaware's #1 rated bank, emphasizing safety and deposit protection as core differentiators in the market.
The bank offers a comprehensive suite of consumer and commercial banking products. On the personal side, customers can access checking accounts, savings accounts, money market accounts, Visa debit cards, bill pay, wire transfers, and Visa credit cards. They also offer commercial and business banking products designed to serve small to mid-sized businesses. All products are accessible online 24/7 through their website, enabling customers to apply for and manage accounts remotely.
Applied Bank distinguishes itself primarily through Delaware asset protection laws. The bank emphasizes that deposits held at a Delaware State Chartered Bank can provide protection from creditor garnishment, which is a unique legal advantage compared to banks chartered in other states. The bank also highlights its high ratings and commitment to quality service, using the tagline "Making the most of your time and money."
As a legitimate FDIC-insured bank, Applied Bank is best suited for customers seeking standard banking services with the added benefit of Delaware's creditor protection laws. The main limitation is that the company's online presence provides limited detailed information about specific account features, interest rates, fees, and minimum balance requirements—essential details consumers typically need when comparing banks.
Services & Features
24/7 online account access
Asset protection deposit accounts
Bill pay services
Business banking services
Commercial banking products
Money market accounts
Online account opening
Personal checking accounts
Personal savings accounts
Visa credit cards
Visa debit cards
Wire transfer services
Feature Checklist
Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection
Pros & Cons
Pros
- FDIC-insured deposits protect up to $250,000 per account category
- Delaware State Charter provides unique creditor protection benefits for deposit accounts
- 24/7 online account opening and management from anywhere
- Full-service banking with checking, savings, money market, debit cards, and credit cards
- Established institution operating since 1996 with demonstrated longevity
- Active community involvement including financial literacy programs and CRA compliance
- Commercial banking services available for business customers
Cons
- Website lacks specific details on interest rates, APYs, and account fees
- No information provided about minimum balance requirements or deposit limits
- Limited transparency about credit card terms, APR ranges, or rewards programs
- No mention of mobile app features or mobile banking capabilities
- Unclear whether the bank serves customers outside Delaware or only Delaware residents
State Consumer Finance Context
This is state-level context for Banks consumers in Wilmington, DE. It does not confirm that Applied Bank or this specific location is licensed.
State regulator
Delaware Office of the State Bank Commissioner
Consumer protection
Key state rules to check
- Delaware has no usury cap for licensed lenders, making it one of the most lender-friendly states.
- Payday lenders must be licensed under the Delaware Licensed Lenders Act.
- Short-term consumer loans have no APR cap, resulting in some of the highest rates in the nation.
Complaint resources
- Delaware Office of the State Bank Commissioner - State Regulator
- Delaware Attorney General — Consumer Protection Unit - State AG
- Consumer Financial Protection Bureau (CFPB) - Federal
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Frequently Asked Questions
What services does Applied Bank offer?
Applied Bank offers 12 services including Personal checking accounts, Personal savings accounts, Money market accounts, Visa debit cards, Bill pay services, and 7 more.
What profile signals are listed for Applied Bank?
Applied Bank has profile signals associated with Delaware residents seeking asset protection from creditors through state-chartered bank benefits, Small business owners needing commercial banking products and services, Customers prioritizing FDIC insurance and regulatory safety over competitive interest rates.
What are the strengths and weaknesses of Applied Bank?
Key strengths: FDIC-insured deposits protect up to $250,000 per account category; Delaware State Charter provides unique creditor protection benefits for deposit accounts; 24/7 online account opening and management from anywhere. Areas to consider: Website lacks specific details on interest rates, APYs, and account fees; No information provided about minimum balance requirements or deposit limits.
How does Applied Bank compare to similar companies?
In the Banks category, comparable providers include Regions Bank (Drive-Thru Only), First Community Bank and Trust, Continental Bank. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
Quick Facts
- Founded
- 1996
- Headquarters
- Wilmington, DE
- BBB Accredited
- No
- Certifications
- FDIC Insured FDIC Cert #34193
CreditDoc Profile Note
Research Note on Applied Bank
Applied Bank is appropriate for customers seeking a fully-licensed, FDIC-insured bank with Delaware's unique creditor protection benefits. The primary caveat is that the website provides insufficient detail about specific account terms, fees, and interest rates needed for meaningful comparison with other banks.
Profile Signals
- Delaware residents seeking asset protection from creditors through state-chartered bank benefits
- Small business owners needing commercial banking products and services
- Customers prioritizing FDIC insurance and regulatory safety over competitive interest rates
Updated 2026-04-29
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Quick Summary
- Applied Bank is listed as a Banks provider in Wilmington, DE on CreditDoc.
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