logo
logo
Sign in

Bank in The Bronx, New York & personal checking account

avatar
Springbank1
Bank in The Bronx, New York & personal checking account

Bank in The Bronx, New York & personal checking account

It was no accident that we became the first community bank in The Bronx, New York, in over 30 years. In all of New York City, The Bronx has the highest share of unbanked and underbanked households. Approximately 21.8% of adults in The Bronx don’t have bank accounts, which makes them unbanked. Another 30.5% of adults in The Bronx use costly alternatives such as check-cashing stores, classifying them as underbanked.

 

In The Bronx, you will often see lines of people standing outside check-cashing stores to cash checks, pay bills, and send money—all for a fee. Many times, check-cashing stores are charge very high fees. This means that unbanked and underbanked New Yorkers are spending hundreds, and sometimes, thousands of dollars each year on check-cashing fees—individually. Over time, 2% or 4% off a paycheck adds up, though it may not seem like much at first. However, those services could be 100% free, saving that money.

 

As one of a few community banks in The Bronx, New York, we provide an alternative: our personal checking account.

 

Our personal checking account has zero-fee options. It charges no money to cash a government or payroll check (with a $100 minimum balance), pay a bill online, or send money to friends and loved ones via Popmoney. For example, our Green Checking account offers no maintenance fees with e-statements and direct deposits. As a result, you can be reassured that your money is safe in your bank account when you open a personal checking account, and you can use it however you please.

 

Affording the minimum balance can be a reason that many people hesitate to open personal checking accounts. However, we only require a $25 minimum deposit for our personal checking account. We also offer a 24/7 online banking service and a mobile app that allows you to transfer money and pay bills whenever and wherever, with no added cost. You can also deposit checks by making a mobile deposit and submitting checks front and back via our app.

 

To us, financial inclusion is the key to a strong and healthy community. That is why we are one of the few community banks in The Bronx, New York. We know that having access to healthier financial alternatives is one of the first steps toward removing barriers to long-term wealth building and economic prosperity. We invite you to join us and open a personal checking account.

 

collect
0
avatar
Springbank1
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more