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844-878-7359
260E Rxr Plaza
Uniondale, NY 11556

BankPurely is an online division, along with iGObanking, of Flushing Bank. In fact, BankPurely depends upon the banking technology of iGObanking.com and BankPurely accounts are visible on iGObanking’s online banking platform. All three banks – BankPurely, iGObanking, and Flushing Bank – are insured as one financial institution by the Federal Deposit Insurance Corporation (FDIC).

At the time of this writing, BankPurely offers two personal banking products: a savings account and a checking account. Both accounts are interest-bearing, featuring no monthly fees or minimum balance requirements. BankPurely also offers its customers quick, easy, and secure access to their funds through ATM access, online and mobile banking options, and mobile check deposit. A debit card is also available for the personal checking account.

According to the “Who We Are” page of its website, BankPurely was “specifically crafted for ethical consumers with greater awareness about environmental and social issues.” The bank describes its promotion of paperless bill pay and electronic statements, as well as its lack of branch locations as an online bank, as parts of its commitment to eco-friendliness and the minimization of its carbon footprint. Furthermore, for every subscription to its email newsletter and ever account opened, BankPurely promises to plant a tree.

Related Posts

BankPurely Adds 24-Month CD (2.10% APY) - 12/12/2017

BankPurely (internet division of Flushing Bank) has added a 24-month PurelyCD earning 2.10% APY. The minimum deposit is $1k, with no stated balance cap.

BankPurely (Internet Bank) Adds CDs To Product Line - 9/20/2017

BankPurely (internet division of Flushing Bank) has added a 12-month CD (1.60% APY) and 36-month CD (2.00% APY). Minimum deposit is $1k of new money.

BankPurely Is the New Internet Savings Account Rate Leader - 5/2/2017

Flushing Bank recently launched a new internet bank called BankPurely that offers two products: an online savings account and an online checking account.

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Easy Place to Bank

If you're like me, you have a busy life and want the necessary and not so fun parts of life to be quick and easy. With BankPurely, I've been able to meet all of my banking needs online and mostly hassle-free. I was skeptical about an online-only Bank and checking account at first, but opening an account was easy and I've had no troubles since. There's not much else I could ask for with a savings and checking account and with helpful customer service available when I need it. I've only had to contact customer service once and the guy that talked to me was extremely nice and genuinely sounded like he wanted to help me. My only complain is the fees, but you can't get around fees with any bank.

BankPurely is Purely Pleasant

I was tired of having to drive to banks and wait in lines with tellers/ATMs. So i looked around to see if there was any good online banking options and that's when I stumbled across BankPurely. I was so surprised to find a bank that allows me to have a free checking account with absolutely no monthly fees and no minimum balance required. I did need to have at least $1 minimum in order to create a checking account with BankPurely, but I don't think that anyone can consider that a hurdle of any kind. I was able to get started in less than 5 minutes and I was good to go. Even downloaded their mobile app and checking my account is even more convenient now. Shortly after, I set up my direct deposit for my work paycheck to my BankPurely account for even greater convenience.

Bankpurely Review

Posted by: MoffRing | Nov 8, 2017

I presently bank with Bankpurely. As a primarily online bank you would expect the online feature to be very strong and they are. I will say however the lack of an accessible physical location is sometimes an inconvenience. The rates have been outstanding for the most part, 0.75% Checking and 1.3% Savings. I have been very happy with the general banking products. I have casually looked at the CD and other products. I may explore those more in the future. The customer service element is sometimes lacking as it can be difficult to reach customer services by phone. This makes the lack of a physical location an even bigger issue. I believe they are a fairly new bank so hopefully in time they will get these issues ironed out. As a whole though I would give the institution as a whole high marks. I intend to stay with them in the future. I also have recommended them to friends who have opened accounts and have been very happy.

My experience with Bank Purely

Over the last 2 years I have opened a checking and savings account with BankPurely. I was originally skeptical about the online only form of banking, but I have never had any trouble accessing my money or moving funds from one account to another. I primarily decided to do this because I was tired of the large and numerous fees associated with brick and mortar banks like Chase and Bank of America. I am happy to report that BankPurely does not charge me any fees unless I break their Terms of Service and even then they are very reluctant to charge me any kind of additional fee. BankPurely also offers an IRA program to help me save for retirement. Their interest rates are very competitive with major institutions and while they are certainly not the highest on the market, they are a good value and offer a chance to further diversify your retirement funds. I would recommend BankPurely to anyone who is tired of the major institutions and wants to experience a smaller, more personable online only banking organization.

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Health

Health Grade Components

Overall
FDIC Certificate #58564
Year Established2007
Employees466
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD8.37%
Annual Interest Income$178.2MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$6.27B$6.01B
LoansQ3 2017vs Q3 2016$5.05B$4.72B
DepositsQ3 2017vs Q3 2016$4.46B$4.05B
Equity CapitalQ3 2017vs Q3 2016$636.8MM$542.1MM
Loan Loss AllowanceQ3 2017vs Q3 2016$25.3MM$21.8MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$18.1MM$22.4MM
Real Estate OwnedQ3 2017vs Q3 2016$0$2.8MM
Rates
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BankPurely Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%--SavingPurely

BankPurely Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%--CheckingPurely

BankPurely CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.10%$1k-24 Month PurelyCD
2.00%$1k-36 Month PurelyCD
1.75%$1k-12 Month PurelyCD
Locations

BankPurely is an Internet only bank and does not have branch locations. Its headquarters is located at 260E Rxr Plaza - Uniondale, NY 11556