Dollar Bank

Overview / Commentary

www.dollar.bank

412-261-7538

340 Fourth Ave
Pittsburgh, PA 15222

Dollar Bank is headquartered in PITTSBURGH and is the 7^th largest bank in the state of Pennsylvania. It is also the 148^th largest bank in the nation. It was established in 1984 and as of December of 2023, it had grown to 1,496 employees at 93 locations. Dollar Bank's CD rates are 3X the national average, and it has a B+ health rating.

View all posts from:

2020
2019
2018
Earlier

2/12 - Dollar Bank: Earn $400 "Everthing Checking" Promotion

6/28 - Dollar Bank's Premier Savings Has 6-month Guaranteed 2.40% APY
6/15 - Premier Savings, 2.25% APY Guaranteed For 1 Year

11/8 - 36-Month CD, 3.25% APY

12/16/17 - Dollar Bank (PA/OH/VA) Boosts Short And Long-Term Traditional CDs
3/27/17 - $50 Checking Account Bonus At Dollar Bank - Parts Of PA & OH
3/24/17 - 2% 49-Month CD At Dollar Bank - Ohio
2/8/17 - $200 Checking Account Bonus Extended - Parts Of PA & OH
9/6/16 - $200 Checking Account Bonus In Parts Of PA & OH
2/17/14 - New $150 Checking Account Bonus In Parts Of PA And OH
9/10/13 - Another $150 Checking Bonus at Dollar Bank in Parts of PA & OH
8/23/13 - Higher Long-Term CD Rates at Dollar Bank in Parts of PA and OH
2/14/13 - $150 Checking Account Bonus at Dollar Bank in Parts of PA & OH
7/21/11 - High-Yield Savings Account Continues at Dollar Bank in PA & OH - Local Only
12/2/10 - High-Yield Savings Account at Dollar Bank in Pittsburgh and Cleveland - Local Only
3/12/09 - $100 Checking Account Promotion at Dollar Bank (Pittsburgh & Cleveland Only)
3/30/08 - $50 Checking Account Promotion at Dollar Bank in OH/PA
1/16/07 - 5% Savings/Checking Account at Pittsburgh/Cleveland Bank (Dollar)

Reviews (10)

Dollar Bank Is A Very Good Bank!

Posted by: Cathy59 | Sep 8, 2018

I love this bank since my terrible experience with other banks I noticed that this bank is so cool.If you have a problem you call them to tell them what happens they will solve it with you and won't charge you an overdraft. The Company I work for has had many issues with the pay from not sending the money to the direct deposit to not sending the correct amounts and I have bills that pay automatically I call and let them know that I will either go the next day or go the same day and they worked with me. They are so pleasant to deal with they have highly educated personnel that they have trained so well that act so understanding.I feel this bank has my interest at hand and their mobile app is a breeze to use. If they could give them more than 5 stars I would give it to them I like them so much I want to work for them because I believe in their way of doing business.

Comment

My experiences with a dollar bank checking account.

Posted by: jameyzamora | Jul 25, 2017

I mostly used dollar bank's online services and while they were a bit behind larger banks in terms of their online services and website interface, I'm able to do the most important things via phone like deposit my paycheck, which is available up to $100 on the first day and $100 dollars each day afterwards until 2-3 business days have passed. Because it's a small bank, I'm pleased that it has this feature. Additionally, I like that I can easily obtain my bank statements in a pdf format online, I can change my password for online login without calling and being forced to wait until I receive additional instructions/information in the mail, and can quickly access my information with this feature without being gated my a time restraint of normal postal mail. The main reason I chose this bank was because I needed to have an account in order to receive a direct deposit with a new job and they only required $25 to start an account. Most other banks I looked into required a higher deposit amount, which I didn't have readily available starting a new job, and most had additional yearly fees to maintain the account which wasn't required with dollar bank. I wanted something quick and easy with services that I could utilize without being forced to interact with a teller on a weekly or even monthly basis. I never had to go to the local bank branch.

Comment

Already Belong

Posted by: Anonymous | Feb 22, 2010

Already belong, they are a good solid local bank here. Very glad to see local with good rates again! Especially with the ING rate drop.

Comment

Dollar Bank is great

Posted by: miriamwalters64 | Feb 17, 2018

I've kept this bank even though I've moved out of their service area. The mobile app is really useful, and I'm able to do remote check deposits, so I don't even need a brick and mortar bank. They've been helpful when there have been issues. My apartment complex moved auto withdrawal systems and accidentally charged me twice one month. Dollar Bank blocked the second charge before I even noticed what happened. Their customer service is great, too: they even sent a personalized thank you note when I opened my account. I highly recommend this bank!

Comment

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Health

B+

Data as of Q4 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	32245
Year Established	1984
Employees	1496
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.42%
Return on Equity - YTD	4.53%
Annual Interest Income	$495.7MM

Assets and Liabilities
Assets	Q4 2023vs Q4 2022	$11.5B$11.42B
Loans	Q4 2023vs Q4 2022	$8.82B$8.41B
Deposits	Q4 2023vs Q4 2022	$9.45B$9.18B
Equity Capital	Q4 2023vs Q4 2022	$1.11B$1.03B
Loan Loss Allowance	Q4 2023vs Q4 2022	$76.6MM$52.7MM
Unbacked Noncurrent Loans	Q4 2023vs Q4 2022	$59.9MM$36.6MM
Real Estate Owned	Q4 2023vs Q4 2022	$1.3MM$2MM

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not Dollar Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Dollar Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%^*^†	-	$20k	Everything Savings
OTHER TIERS: 0.10% → $20k - $100m
1.50%^*^†	-	$50k	Business Relationship Savings
OTHER TIERS: 0.10% → $100k+ \| 1.25% → $50k - $100k
1.50%^*^†	$100k^*	$5m	Premier Savings
OTHER TIERS: 0.30% → $5m - $100m \| 1.25% → Up to $100k
0.75%^*^†	$5m^*	$25m	Non-Personal Statement Savings
OTHER TIERS: 0.50% → Any amount
0.75%^*	$5m^*	$25m	Business Sweep
OTHER TIERS: 0.50% → Any amount
0.30%^*	$5m^*	$25m	Public Funds Sweep
OTHER TIERS: 0.20% → Any amount
0.10%^†	$250	-	Statement Savings
0.10%^†	-	$100m	Passbook Savings
0.10%^†	$250	$100m	No Overdraft Savings

Dollar Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%^*^†	$25k^*	-	IRA Premium Money Market Account
OTHER TIERS: 0.10% → Up to $25k
1.00%^*^†	$5m^*	$25m	Non-Personal Money Market Fund
OTHER TIERS: 0.75% → Any amount
0.10%^†	-	-	IRA Money Market Account

Dollar Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%^*^†	$5m^*	$25m	IOLTA/IOTA
OTHER TIERS: 0.75% → Any amount
0.75%^*^†	$5m^*	$25m	Business Checking with Interest
OTHER TIERS: 0.50% → Any amount
0.10%^†	-	$100m	Everything Checking

Dollar Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
5.10%^*^†	$25k^*	$1m	7 Month Traditional CD
OTHER TIERS: 0.15% → $2.5k+
5.10%	$25k	$1m	7 Month CD Special- New Money
4.80%^*^†	$25k^*	$1m	13 Month Traditional CD
OTHER TIERS: 0.50% → $2.5k+
4.25%^*^†	$25k^*	$1m	25 Month Traditional CD
OTHER TIERS: 0.50% → $500+
3.10%^*^†	$2.5k^*	$250k	60 Month Relationship CD
OTHER TIERS: 3.00% → $250k+
3.00%^†	$2.5k	-	Business 60 Month Investment CD
3.00%^†	$2.5k	-	Business 72 Month Investment CD
3.00%^†	$2.5k	-	Business 120 Month Investment CD
3.00%^†	$2.5k	-	60 Month Traditional CD
3.00%^†	$2.5k	-	72 Month Traditional CD
3.00%^†	$2.5k	-	120 Month Traditional CD
3.00%^†	$1k	-	60 Month Ladder CD
3.00%^†	$1k	-	120 Month Ladder CD
2.60%^*^†	$2.5k^*	$250k	18 Month Relationship CD
OTHER TIERS: 2.50% → $250k+
2.50%^†	$2.5k	-	Business 18 Month Investment CD
2.50%^†	$2.5k	-	Business 24 Month Investment CD
2.50%^†	$2.5k	-	Business 30 Month Investment CD
2.50%^†	$2.5k	-	Business 36 Month Investment CD
2.50%^†	$2.5k	-	Business 48 Month Investment CD
2.50%^†	$2.5k	-	18 Month Traditional CD
2.50%^†	$2.5k	-	24 Month Traditional CD
2.50%^†	$2.5k	-	30 Month Traditional CD
2.50%^†	$2.5k	-	36 Month Traditional CD
2.50%^†	$2.5k	-	48 Month Traditional CD
2.50%^†	$1k	-	18 Month Ladder CD
2.50%^†	$1k	-	24 Month Ladder CD
2.50%^†	$1k	-	30 Month Ladder CD
2.50%^†	$1k	-	36 Month Ladder CD
2.50%^†	$1k	-	48 Month Ladder CD
2.35%^*^†	$2.5k^*	$250k	12 Month Relationship CD
OTHER TIERS: 2.25% → $250k+
2.25%^†	$2.5k	-	Business 12 Month Investment CD
2.25%^†	$2.5k	-	12 Month Traditional CD
2.25%^†	$1k	-	12 Month Ladder CD
2.00%^†	$2.5k	-	12 Month Rising Rate CD
1.10%^*^†	$2.5k^*	$250k	6 Month Relationship CD
OTHER TIERS: 1.00% → $250k+
1.00%^†	$2.5k	-	Business 180 Day CD
1.00%^†	$2.5k	-	Business 6 Month Investment CD
1.00%^†	$2.5k	-	Business 9 Month Investment CD
1.00%^†	$2.5k	-	6 Month Traditional CD
1.00%^†	$2.5k	-	9 Month Traditional CD
1.00%^†	$1k	-	6 Month Ladder CD
0.25%^†	$2.5k	-	49 Month Traditional CD
0.10%^†	$2.5k	-	Business 90-179 Day CD
0.10%^†	$2.5k	-	3 Month Traditional CD
0.06%^†	$2.5k	-	Business 91 Day CD
0.05%^†	$2.5k	-	Business 7-13 Day CD
0.05%^†	$2.5k	-	Business 14-29 Day CD
0.05%^†	$2.5k	-	Business 30-89 Day CD
0.05%^†	$2.5k	-	15 Month Bump-up CD
0.03%^†	$2.5k	-	3 Month No Penalty CD

Dollar Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
5.10%^*^†	$25k^*	$1m	7 Month Traditional IRA
OTHER TIERS: 0.15% → $500+
4.80%^*^†	$25k^*	$1m	13 Month Traditional IRA
OTHER TIERS: 0.50% → $500+
4.25%^*^†	$25k^*	$1m	25 Month Traditional IRA
OTHER TIERS: 0.50% → $500+
3.00%^†	$500	-	60 Month Traditional IRA
3.00%^†	$500	-	72 Month Traditional IRA
3.00%^†	$1.5k	-	60 Month IRA Ladder
3.00%^†	$1.5k	-	120 Month IRA Ladder
3.00%^†	$500	-	120 Month Traditional IRA
2.50%^†	$500	-	30 Month Traditional IRA
2.50%^†	$500	-	48 Month Traditional IRA
2.50%^†	$1.5k	-	48 Month IRA Ladder
2.50%^†	$500	-	18 Month Traditional IRA
2.50%^†	$1.5k	-	18 Month IRA Ladder
2.50%^†	$500	-	36 Month Traditional IRA
2.50%^†	$1.5k	-	30 Month IRA Ladder
2.50%^†	$1.5k	-	36 Month IRA Ladder
2.50%^†	$1.5k	-	24 Month IRA Ladder
2.50%^†	$500	-	24 Month Traditional IRA
2.35%^†	$500	-	12 Month Relationship IRA
2.25%^†	$1.5k	-	12 Month IRA Ladder
2.25%^†	$500	-	12 Month Traditional IRA
1.00%^†	$500	-	9 Month Traditional IRA
1.00%^†	$1.5k	-	6 Month IRA Ladder
0.25%^†	$500	-	49 Month Traditional IRA
0.10%^†	$500	-	3 Month Traditional IRA
0.05%^†	$500	-	15 Month Bump-up IRA