What are the restricted countries as it relates to payments?

Effective January 1, 2026, we will not accept or process any wire transfers, whether they are incoming or outgoing, to or from the high-risk countries listed below:

Afghanistan
Belarus
Democratic Republic of the Congo
Cuba
Iran
Iraq
Libya
Myanmar (formerly Burma)
Nicaragua
North Korea (Democratic People's Republic of Korea)
Russia
Somalia
South Sudan
Sudan
Syria
Ukraine, including the contested regions of Crimea, the Luhansk People’s Republic, and the Donetsk People’s Republic
Venezuela
Yemen

Happen Bank complies with all sanctions implemented by the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC). Additional countries may be added to the prohibited list at any time.

Additional Money Out FAQ

Happen Bank Resources

Best personal loan rates in 2026: How to compare lenders accurately

The best personal loan rate in 2026 isn't the one with the lowest advertised interest rate: it's the one with the lowest APR, which includes additional finance charges. APR (Annual Percentage Rate) is the only apples-to-apples comparison figure because it includes both the interest rate and any origination fee.

Personal Loan

Jul 12, 2026

11 min read

Credit card consolidation loans: How to pay off multiple cards with one fixed rate

A credit card consolidation loan replaces multiple high-interest card balances with a single fixed-rate personal loan – one monthly payment, one interest rate, and a defined payoff date. For borrowers carrying balances at 21.39% APR or higher, the interest savings are often substantial1. The math works for the same term when your consolidation loan APR is lower than your current weighted average card APR and the fixed monthly payment fits your budget.

Personal Finance

Jul 12, 2026

9 min read

Woman considers how many credit cards she should have.

Home improvement loans: How to finance your next project

The best home improvement loan depends on two things: how much equity you have and how quickly you need the funds. Homeowners with significant equity can access lower starting rates through a Home Equity Line of Credit (HELOC) or home equity loan, but closing costs and appraisal fees may narrow that advantage on mid-size projects. An unsecured personal loan requires no equity, no appraisal, and can be funded in days1 – at a fixed rate that won't move over the life of the project. Happen Bank offers eligible applicants a 1% interest rate discount on personal loans used for home improvement.

Personal Loan

Jul 12, 2026

7 min read

HYSA vs CD: Which is right for your savings?

Both a high-yield savings account (HYSA) and a certificate of deposit (CD) outperform a traditional savings account.

Personal Savings

Jul 8, 2026

7 min read

What investors need to know about the personal loan market

The unsecured personal loan market continues to hit record highs, and despite challenging macroeconomic conditions, shows few signs of slowing down.

Institutional Investing

Jul 29, 2025

4 min read

Related Impact

It's Official—Radius Joins Happen Bank!

Today, we are thrilled to announce the completion of our acquisition of Radius Bancorp, Inc. (“Radius”). In February 2020, we announced our intent to acquire Radius and shared how we can grow and deepen our customer relationships with a marketplace bank.

Company News

Jan 30, 2021

2 min read

Related FAQ's

Can I cancel my loan application?

If you want to cancel your application, please call us immediately. Once a loan is funded, you have a limited time frame to cancel your application, depending on your loan type.

Personal Loan FAQ

Jul 12, 2026

less than a minute read

What happened to my account?

All investor accounts were closed in stages throughout 2025. The closure process was fully completed by the end of 2025.

Investing FAQ

Jun 21, 2026

less than a minute read

Why is the bank’s website address changing?

The truth is we outgrew our name.

General FAQ

Jun 21, 2026

less than a minute read

How do I add the new website address to my bookmarks?

If you’re using Google Chrome: Please visit Google Chrome’s support center for more information on editing or creating bookmarks.

General FAQ

Jun 21, 2026

less than a minute read

Will I receive any additional payments, and what if I didn’t receive my funds?

No additional payments will be issued. Prior to account closure, all remaining investor funds were distributed via ACH transfer or mailed check using the payment instructions on file.

Investing FAQ

Jun 21, 2026

less than a minute read

Related Glossary

Revolving Credit

{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.

R Letter Term

Sep 6, 2023

4 min read

Accrued Interest

{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment.

A Letter Term

Mar 21, 2023

4 min read

Annual Percentage Rate (APR)

{noun} The total annual cost to borrow money, including fees, expressed as a percentage.

A Letter Term

Mar 21, 2023

3 min read

Charge-Off

A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.

C Letter Term

Feb 7, 2023

3 min read

Fixed Interest Rate

{noun} An interest rate that remains the same for a set time, usually for the life of the loan.

F Letter Term

Feb 4, 2023

3 min read