Columbia Bank (NJ)

Overview / Commentary
19-01 Route 208 North
Fair Lawn, NJ 07410

Columbia Bank is a New Jersey-based bank that serves a wide range of customers, including consumers, entrepreneurs, corporations, developers, and local government entities. The bank offers personal and business banking products and services, as well as wealth management services and guidance.

On the personal banking side, Columbia’s checking accounts offer several options to suit a consumer’s financial needs, including a free account with no monthly fees and a high-interest bearing account that comes with avoidable balance requirements. Savings accounts that are available give consumers access to free services like a debit card and online bill pay. By opening both a checking and savings account with Columbia, customers can be reimbursed for ATM fees up to a certain amount. The bank’s money market accounts have a minimum daily balance requirement in order to earn interest and off higher levels of interest for increased account balance thresholds. Certificates of deposit (CDs) range in term lengths from 7 days to 84 months and IRAs from 3 to 72 months. Youth targeted banking is also available and consists of a savings account that comes with very low initial deposit and minimum to earn interest requirements.

Columbia Bank online banking provides a web-based platform for customers to view all of their account activity, make and schedule fund transfers, set email alerts, pay bills, and make loan payments. The banking system also comes with a financial management tool powered by Quicken that integrates Columbia bank accounts into budgeting software and allows customers to effectively manage their finances. Mobile banking apps have also been released by the bank and provide smartphone and tablet access to accounts to make banking on the go convenient and easy.

Columbia Bank was originally established in 1926 as Columbia Savings and Loan Association, before shifting to its current name in 1995. The bank is headquartered in Fair Lawn, New Jersey and serves its customers through numerous branches in the New Jersey and New York regions.

Great Bank And I Have Banked With A Lot

Posted by: |

I think some of the reviews are posted by people who are inexperience.

I travel around the world, have a 2nd home in Australia etc. Columbia's debit card worked everywhere I went, no hassles.

The customer service is great.

I used to bank with B of A and quit after they gambled with my money and my tax payer dollars had to bail them out.

Columbia keeps their mortgages, are not profit greedy and are local. They try to know their customers.

Unlike some small banks they are able to do foreign wire transfers, which my credit union couldn't do.

They are very security conscious.

West Deptford Office

I have been a customer of this branch for 10 years. Everyone that works there is wonderful. They always have it decorated so nice and warm. For the holidays it is so nice. Well today I go in and they have some new suit running things and he made them take all the decorations down even put the lollipops behind the counter why??? It looks cold and plain. Hey suit we customers like warm and homey not cold and buisnessy. Whats the deal !!!! Change it back your policy stinks...????????????

Not A Good Bank If You Travel Outside Of The US

Posted by: |

The debit/check card is very inconvenient.  We have to call frequently to verify transactions so that holds are released from our account.

Most recently, I called to clear our account for travel outside the US and even though I gave them our account number, they cleared only my card number for travel and not my husband's which we discovered when we were refused a purchase and had to borrow a friend's cell phone to make the international call to the bank.  (The rep gave the excuse that I had mentioned only MY travel and not my husband's which was not the case, showing the bank's complete lack of taking any responsibility).

We made 2 purchases since that time and now they've turned off access to our card again including online banking and the customer service center is of course closed so here we are in England for the Olympics and have absolutely no access to our money.

We'll be changing banks when we return home.

Long Time Free Checking Suddenly Changed WITHOUT WARNING!!

Posted by: |

I am a busy person who frequently travels and changes addresses due to work. I set up a free checking account with them years ago and my card doesn't expire until 2024. Despite this they turned my card off anyway with little to no warning!! No texts, no calls. When i called them to turn my card back on they said they had mailed a letter to my old address. After setting up a new card in the mail, a week later my phone bill doesn't go through because they charged my card WITHOUT WARNING a 20$ I was never told I would have! When I called back they removed the fee then explained to me that they set me up with an account that required a 1000$ minimum WITHOUT MY PERMISSION!!!! They didn't even tell me that's what they were doing! So now im left here SUDDENLY WITHOUT A BANK!!! I HATE THIS BANK!! This was the last straw! Im closing my account and NEVER coming back.



Health Grade Components

FDIC Certificate #28834
Year Established1926
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.97%
Return on Equity - YTD9.34%
Annual Interest Income$137.9MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$9.44B$9.06B
LoansQ2 2022vs Q2 2021$6.77B$5.95B
DepositsQ2 2022vs Q2 2021$7.89B$7.15B
Equity CapitalQ2 2022vs Q2 2021$992.4MM$952.9MM
Loan Loss AllowanceQ2 2022vs Q2 2021$49.2MM$69.9MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$6.1MM$4.3MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0

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