Customers Bank accounts offer free ATM transactions at PLUS and NYCE ATMs. The Convenience checking account offers ATM fee refunds. To qualify for the refunds, you must have at least $5,000 in Customers Bank accounts.
There are a variety of personal deposit and business accounts available. Those include:
The personal deposit accounts with Customers Bank have low opening required amounts. Each of the checking and savings accounts only require $10 to open. The money market requires $50 to open. The CDs require $500 to open.
The Bonus checking account earns competitive interest rates if you meet the qualifications. That requires you to spend $500 a month using your debit card. Those rates are much higher than the standard rates and are competitive with other online checking accounts. To open the Bonus checking account, you must use new money. You cannot use money already in a Customers Bank account.
Most of the accounts with Customers Bank do not offer competitive interest rates. The accounts offer rates similar to traditional bank rates. Customers Bank used to offer accounts with competitive interest rates. Those accounts are no longer available.
Not all accounts at Customers Bank can be opened online. Some accounts require visiting a branch location to open. They have branch locations in eight states. Not all products are available at every location. Contact customer service to see which accounts are available near you.
Money market accounts at Customers Bank have tiered interest rates. To earn the most competitive rates requires $250,001. Even the most competitive rate is not competitive with other online money market accounts.
Some Customers Bank accounts have monthly fees. The Convenience checking account has a monthly fee of $29 if you do not meet the requirements. You must keep a $5,000 balance in Customers Bank accounts to waive the fee. The money market account has a $5 fee if your balance falls below $1,000. The retirement savings account has a $5 fee if your balance falls below $100.
Customers Bank offers a mobile app and online banking. Through these tools, you can:
Customers Bank headquarters are in Phoenixville, Pennsylvania. Customers Bank is a subsidiary of Customers Bancorp. In 2018, the bank had over $10 billion in assets. They have branch locations in eight states in the United States.
Customers Bank offers personal and business accounts. Those accounts include checking and savings accounts. CDs are for personal deposit accounts.
In 2018, Customers Bank agreed to donate $75,000 in scholarships over the next two years. Four students received $5,000 to the school of their choice. Each of the students were members of Zion Baptist Church.
Also in 2018, Customers Bank announced it would support Kutztown University's Small Business Development Center. They will provide $52,500 in cash to support seven graduate students. The students receive the money as stipends; $7,500 per student, per year. The students who receive this award work 600 hours per year for the department.
Yes. Customers Bank is FDIC insured. The FDIC is an agency of the United States government. They protect funds deposited in banks, up to $250,000 per customer, per bank. The money is backed by the full faith and credit of the United States government.
Through ATM and debit cards or electronic transfers. You can access money with bill pay or wire transfers. You can also transfer money between Customers Bank accounts or to an external bank.
Yes, at a local branch location. Some ATMs may accept cash deposits.
Cash, electronic transfers, and wire transfers are typically available on the same business day. Government and cashier checks may take an extra day to fund. ATM deposits made before 7 p.m. should fund the same day as the deposit.
Yes. Direct deposit is available for Customers Bank accounts.
Transactions made at NYCE or PLUS ATMs should be free.
Yes. The Convenience checking account offers ATM refunds. To be eligible, you must have at least $5,000 as an average total balance in Customers Bank accounts.
Yes. With the mobile app, you can check account balances, make transfers, and pay bills. You can find branch locations and make deposits. You can also make person to person payments.
Yes. Bill pay is available for Customers Bank checking accounts.
No. Most Customers Bank accounts do not offer competitive interest rates. Some accounts have tiered interest rates. To earn the most competitive rates requires high account balances.
Yes. Customers Bank Bonus checking account earns interest. To earn the most competitive rates, you must meet set requirements.
The Bonus checking account offers competitive interest rates. It is a popular Customers Bank account.
Some Customers Bank accounts have a monthly fee. Most accounts have a way to waive the monthly fees. The fees range from $5 to $29 per month.
Customers Bank offers a good variety of accounts. Some accounts do have monthly fees, but they can be waived. Customers Bank accounts have tiered interest rates. To earn the most competitive rates requires high account balances. Not all accounts can be opened online.
Customers Bank has security measures that comply with federal laws. Their computers have safeguards and encryption. Their files and buildings are secure. Customers Bank limits the personal information employees can see about customers.
Yes. Customers Bank offers specific business accounts. Those accounts include a business savings and checking account. They offer cash management and lending options for businesses.
Customers Bank is similar to traditional banks. The Bonus checking account offers slightly better interest rates.
You can visit or call a local branch location. You can follow Customers Bank on Facebook, Instagram, LinkedIn, and Twitter.
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