New York Community Bank goes back to 1859, when they were first commissioned by the State of New York in a borough of the city called Queens. Since then, it has grown immensely, and now has over 243 different branches as well as charter banks such as New York Commercial Bank, and even Atlantic Bank, as well as many other acquisitions. Now the bank spans over five different states, including Ohio, New Jersey, Florida and even Arizona.
New York Community Bank Structure
What makes New York Community Bank so popular is their treatment of their customers, and location convenience. As at the beginning of 2010 261 branches have 24hour banking through ATM machines, and all but one are currently open six days a week. This is in contrast to only five days, or even four at some other banking establishments. There are some important things to note.. Of the 243 branches under this bank’s franchise, only four of them are under the name New York Community Bank. Two of them are in Westchester County, and the others in the Bronx. Three of the four are in store locations, and are open seven days a week, while the fourth, a regular bank, is open six days.
New York Community Bank is a subsidiary of New York Community Bancorp, it apparently ranks as being the fourth largest thrift in the country, and the biggest in the State of New York. In fact when the FDIC took control of AmTrust, a failing bank with it’s headquarters in Cleveland, and 66 different branches in Ohio, Arizona and Florida, New York Community Bank took over the $12 billion dollar company in a deal.
Services of New York Community Bank
There are many different services that New York Community Bank offers its customers. For example, as at the beginning of 2010 the New York Community Bank’s checking accounts are totally free. This currently means that in this specific account you don’t have to worry about monthly fees, charges on minimum balances, and you can write as many checks as you have money in your account to cover. You also get a Visa check card with no charges, and access to all of their ATM locations. You also get bill pay, and other online banking needs for free as well. There is as always a hidden cost in other areas such as interest rates.
In addition to their quality regular savings accounts, you also have the option to start a Perfect Health Savings Account with New York Community Bank. This savings account at the beginning of 2010 not only collects competitive interest rates, but also is designed to help you cover medical costs as well. You can write checks from this account to help pay for qualified medical expenses, as well as use their special PerfectHealth Savings Account Debit Card, letting you use your card to pay for goods and services like prescriptions, and other needs.
This account can be connected to your wages, and you can have New York Community Bank withdraw and deposit money from your earnings directly into this, as well as you other saving accounts. You have complete real time internet access, so you can track your expenditures, and make payments as needed. You are also able to do transactions with any of your New York Community Bank accounts by phone, and be able to speak with a PHSA, or even have access to your information 24/7.
For the latest service and account offerings it will obviously be critical to speak to the New York Community Bank directly.