Besides Presidential’s website being outdated, the rates are up to date and better than some of the big bank’s rates. In this review, we will give an overview of products offered by this online bank and their services as they pertain to banking.

Young Bank – Short History

Presidential Online Bank was founded on October 6, 1995. Presidential Online Bank is a branch company of Presidential Bank on Bethesda, Maryland. At 1995, President Online Bank launched automatic voice response system so customers can check their balances without needing to talking with operator. President Online Bank was claimed as America’s 1st Online Bank.

Presidential Online Banking Services:

Personal Online Banking

With Personal Online Banking, you can check your balance, view transaction history, transfer money to another account.

Commercial Online Banking

If you have business, you can choose Commercial Online Banking. No matter if you have small or large scale business, President Online Banking will be the right solution for you.

Presidential Online Banking Products:

- Online Statements
- Check & Deposit
- BillPayer Service
- Funds Transfer
- POPmoney (limit & fees apply)
- Wire Transfers (fees apply)

Additional Bank Services:

- Automatic telephone response (Available for personal and commercial account)
- ATM & VISA Cards (For personal account)

Summary of Presidential Online Bank review:

-If you are planning to deposit, your deposit are safe because it is insured by Federal Deposit Insurance Corporation (FDIC) until December 31, 2012. For more information, you can visit  our FDIC page.
-Presidential Online Bank only accept registration from United States Citizens living in the US
- With automated voice response system , you can access your account 24 hours per day, 7 days a week. You can use toll free 800-317-6980 to access your account, check your balances, or transfer money.
- You can clear checks under $5000 within 2 days and you can clear checks above $5000 within 5 days.
- Your interest will be calculated daily and will be credited at the end of the month.
- You may close your bank account by visiting President Bank branch or online banking secure email.

Be sure to read our other bank reviews to help get an idea of how Presidential bank compares.