WEX Bank funds the gap between merchant payment and customer collection, while holding health-savings deposits and an expanding securities portfolio. The insured subsidiary connects payments technology to bank funding, capital and compliance obligations.
Established June 1, 1998, WEX Bank is the Sandy, Utah industrial-bank subsidiary of WEX Inc. It is distinct from the parent’s consolidated payments and benefits businesses and from the parent’s nonbank HSA custodian role.
WEX Bank is an active Utah industrial bank, FDIC certificate 34697, with headquarters recorded by the FDIC in Sandy, Utah. Established June 1, 1998, WEX Bank is the Sandy, Utah industrial-bank subsidiary of WEX Inc. It is distinct from the parent’s consolidated payments and benefits businesses and from the parent’s nonbank HSA custodian role.
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WEX Bank funds the gap between merchant payment and customer collection, while holding health-savings deposits and an expanding securities portfolio. The insured subsidiary connects payments technology to bank funding, capital and compliance obligations.
Curated library records that name WEX Bank or connect through its linked research. The official source provides full scope and status.
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Sources checked October 5, 2026 Mountain Time. FDIC dataset index: 2026-10-02. Headquarters identify the bank, not its branches or a parent company’s offices.
A separate last-checked date for this profile has not been recorded. Relationship evidence and Utah banking records show their own source-check dates where available; news and research dates refer to those articles.