Cross River Bank Reviews

This article explains all you need to know about Cross River Bank.

Cross River Bank Overview

Cross River Bank was founded in 2008 in Teaneck, NJ. It is a medium-sized bank with $1 billion in assets and deposits. Cross River Bank does not offer live chat or 24/7 customer support. It is a traditional bank with in-person service, as well as online and mobile apps. With 4.2 out of 5 stars, Cross River Bank should be a strong contender for your business. Cross River Bank offers savings, checking, and CD accounts. It saves at a reasonable rate compared to other accounts. Finding a bank that offers free checking and high-interest savings accounts is the greatest way to maximize your earnings while maintaining convenience. 

About Cross River Bank

Cross River Bank, situated in Teaneck, NJ, offers no-fee accounts with great rates. Along with its fintech partners, the company is developing products and services for marketplace lending and payment processing.

Cross River Bank offers checking, savings, money market, and CD accounts. While its solitary branch may turn off some customers, others looking for great rates on checking and savings may find it appealing. 

Cross River Bank Pros 

* Great rates on checking and savings accounts. No monthly service fees. Only a $500 minimum amount is required to open a CD. 

Only two branches, only open during weekdays. Other banks allow online account opening. Limited customer service hours 

BANKRATES 

The APY on Cross River Bank’s Regular/E Money Market account is competitive, but not as high as its checking account. There are no monthly costs and you can write restricted checks. 

* No monthly fees or minimum balances. There is check writing. 

* Cross River’s savings account pays a greater APY. No online account opening. 

chequing 

There are no monthly fees on the Connect Select Checking account at Cross River Bank. Overdraft fees are cheap at $25, compared to other banks. Cross River has only a few ATMs of its own, although it has access to the nationwide MoneyPass network. This includes up to $6 in out-of-network surcharges per cycle. 

* A solid APY is found. There are no monthly fees for this interest-bearing account. Account opening requires no minimum balance. 

* Online account opening for consumers. There is no Cross River Bank app for retail customers, only online banking. 

Bank knowledge 

Because Cross River Bank only has one branch, most banking is done online or by phone. Unlike many other community and regional banks, it only has phone help throughout the week. 

The bank only has a few ATMs and relies heavily on the MoneyPass network to serve its clients. MoneyPass has a huge network, although it is not the largest. 

Cross River Bank: Conclusion 

Thanks for taking the time to read this blog post on Cross River Bank.