Nationwide Trust Company, FSB

Investment bank · Columbus, United States

Nationwide Trust Company, FSB is a federal savings bank in Columbus, Ohio owned by the Nationwide insurance group. Nationwide's own retirement plan pages say that the Nationwide Group Retirement Series includes trust programs and trust services offered by Nationwide Trust Company, FSB, and a Nationwide press release names Nationwide as recordkeeper, custodian and corporate trustee for its RetireAssist Connect pooled plan. Its balance sheet shows what that means in practice. At 30 June 2026 it reported $153.6 million of assets, $61.7 million of equity and only $500 thousand of deposits, from a single office. It publishes no current account, no payment service, no card and no lending product. An employer meets it as the trustee of a 401(k), 403(b) or 457 plan, not as a bank that will hold operating money.

Legal name: Nationwide Trust Company, FSB
Regulated by: Office of the Comptroller of the Currency (primary federal regulator recorded by FDIC BankFind), FDIC (deposit insurance, certificate 34710)
Licence confirmed: yes, on a regulator's own list
Established: 1998
Website: www.nationwide.com

Scores, 0 to 10

6.0Financial strength & stability

FDIC-insured with $61.7 million of equity against $153.6 million of assets and $14.7 million of net income in the first half of 2026, but a single-office institution with no published credit rating of its own. · source

3.0United States

It is a United States federal savings bank with FDIC insurance, but it held $500 thousand of deposits against $153.6 million of assets at 30 June 2026 and publishes no business current account, ACH origination or wire service. · source

3.0Customer satisfaction

The trust company has no review profile of its own; the Nationwide brand's United States Trustpilot page shows a TrustScore of 1.3, covering insurance and retirement claims. · source

2.0Fast digital onboarding

There is no account application. A company reaches this entity only by appointing Nationwide as trustee and custodian for a retirement plan. · source

1.5Lowest fees

It publishes no fee schedule of its own and has no business account to price; charges for the plans it serves are set in the plan documents. · source

1.5Best interest on business balances

It reported $500 thousand of total deposits at 30 June 2026 and publishes no business deposit or treasury rate. · source

1.5Startups & VC-backed companies

It opens no bank accounts for companies; a young company could only use it once it sponsors a retirement plan. · source

1.5Foreign-owned & non-resident companies

Its business is trusteeship of United States retirement plans from one Ohio office, and no path for foreign-owned companies is published. · source

1.0Crypto-friendly bank

It offers no bank account to operating businesses, so a crypto firm cannot bank there, and Nationwide publishes no crypto policy for the trust company. · source

1.0Cross-border payments, FX and multi-currency accounts

US dollar only, one office in Columbus, Ohio, and no cross-border payment product is published. One office, US dollar only, no multi-currency accounts, no cash pooling and no payment rails. · source

1.0Fintech companies that need a partner bank

No safeguarding accounts, sponsor banking or rail access; the disclosed business is trust programs and trust services for retirement plans. · source

1.0Online businesses: e-commerce and SaaS

No acquiring, settlement or collection accounts appear in Nationwide's description of the trust company. No accounts, API or multi-currency receiving for software companies; it holds retirement plan assets as trustee. · source

1.0Trade, manufacturing & import-export

No letters of credit, guarantees or documentary collections are offered. · source

1.0Business cards (Visa, Mastercard)

No debit or credit card appears in Nationwide's description of the trust company's trust programs and trust services. · source

1.0High-risk verticals (iGaming, cannabis, adult, forex)

It does not serve operating businesses as a bank, so licensed gambling, cannabis, adult and forex firms cannot bank there, and no policy on those verticals is published. · source

1.0Crypto wallet and custody for a business

Nationwide Trust Company acts as trustee and custodian for 401(k), 403(b) and 457(b) retirement plans, and Nationwide's 2026 plan pages list no crypto custody or wallet for companies. · source

1.0Accept crypto payments

The trust company serves retirement plans only and has no merchant or operating account product, so crypto acceptance is not available. · source

1.0On-ramp: buy crypto with fiat

No operating bank account is offered to businesses, and Nationwide publishes no way for a company to buy crypto through the trust company in 2026. · source

1.0Off-ramp: crypto to fiat in a business account

The trust company holds retirement plan assets rather than company cash accounts, so crypto sale proceeds cannot be paid out to a business there. · source

1.0Bitcoin

Nationwide's 2026 plan pages describe open architecture fund menus and in-plan guarantees but name no bitcoin option, and the trust company offers no BTC service. · source

1.0Ethereum

No ether fund, custody or staking is published for Nationwide retirement plans or the trust company in 2026. · source

1.0Stablecoins (USDC, USDT and others)

Nationwide Trust Company offers no stablecoin account, payout or settlement; its business is trust and custody for pension and deferred compensation plans. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.