Dollar Bank


Overview / Commentary
412-261-7538
340 Fourth Ave
Pittsburgh, PA 15222

Dollar Bank is headquartered in Pittsburgh and is the 6th largest bank in the state of Pennsylvania. It is also the 152nd largest bank in the nation. It was established in 1984 and as of December of 2020, it had grown to 1,407 employees at 75 locations. Dollar Bank's savings rates are 92% higher than the national average, and it has an A health rating.

Dollar Bank Is A Very Good Bank!

Posted by: |

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.

My experiences with a dollar bank checking account.

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.

Already Belong

Posted by: |

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.

Deposit Account

Posted by: |

I recently switched to this bank due to the issues with Wells Fargo. Since the month I have had this account I haven’t been able to login, if I’m lucky the debit card works. Customer service acts scared. This is ridiculous, I could of stayed with Wells Fargo.

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Health

Health Grade Components

Overall
FDIC Certificate #32245
Year Established1984
Employees1407
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.66%
Return on Equity - YTD5.74%
Annual Interest Income$308.2MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$9.93B$9.04B
LoansQ4 2020vs Q4 2019$7.27B$7.27B
DepositsQ4 2020vs Q4 2019$7.91B$6.96B
Equity CapitalQ4 2020vs Q4 2019$1.13B$1.08B
Loan Loss AllowanceQ4 2020vs Q4 2019$49.0MM$43.6MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$72.5MM$27.0MM
Real Estate OwnedQ4 2020vs Q4 2019$823.00K$1.1MM
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$3mPremier Savings
OTHER TIERS: 0.20% $3m - $100m
0.75%*-$20kEverything Savings
OTHER TIERS: 0.10% $20k - $100m
0.25%*-$50kBusiness Relationship Savings
OTHER TIERS: 0.05% $100k+ | 0.18% $50k - $100k
0.10%*$5m*$25mNon-Personal Statement Savings
OTHER TIERS: 0.05% Any amount
0.05%--Statement Savings
0.05%-$100mPassbook Savings
0.05%$250$100mNo Overdraft Savings

Dollar Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--IRA Money Market Account
0.10%*$25k*-IRA Premium Money Market Account
OTHER TIERS: 0.05% Up to $25k
0.10%--Non-Personal Money Market Fund

Dollar Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$5m*$25mBusiness Checking with Interest
OTHER TIERS: 0.05% Any amount
0.10%*$5m*$25mSuper Sweep
OTHER TIERS: 0.05% Any amount
0.10%--IOLTA/IOTA
0.05%--Big Repo/Sweep
0.05%--Little Repo/Sweep
0.05%-$100mEverything Checking

Dollar Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%*$25k*$500k25 Month Traditional CD
OTHER TIERS: 0.20% $2.5k+
0.60%*$25k*$500k13 Month Traditional CD
OTHER TIERS: 0.15% $2.5k+
0.60%*$2.5k*$250k60 Month Relationship CD
OTHER TIERS: 0.50% $250k+
0.60%$1k-60 Month Ladder CD
0.60%$1k-120 Month Ladder CD
0.50%$2.5k-60 Month Business Investment CD
0.50%$2.5k-72 Month Business Investment CD
0.50%$2.5k-120 Month Business Investment CD
0.50%$2.5k-60 Month Traditional CD
0.50%$2.5k-72 Month Traditional CD
0.50%$2.5k-120 Month Traditional CD
0.50%*$25k*$500k7 Month Traditional CD
OTHER TIERS: 0.10% $2.5k+
0.40%$1k-30 Month Ladder CD
0.40%$1k-36 Month Ladder CD
0.40%$1k-48 Month Ladder CD
0.35%$1k-24 Month Ladder CD
0.30%$2.5k-30 Month Business Investment CD
0.30%$2.5k-36 Month Business Investment CD
0.30%$2.5k-48 Month Business Investment CD
0.30%$2.5k-30 Month Traditional CD
0.30%$2.5k-36 Month Traditional CD
0.30%$2.5k-48 Month Traditional CD
0.30%*$2.5k*$250k18 Month Relationship CD
OTHER TIERS: 0.20% $250k+
0.30%$1k-18 Month Ladder CD
0.25%$2.5k-24 Month Business Investment CD
0.25%$2.5k-24 Month Traditional CD
0.25%$2.5k-49 Month Traditional CD
0.25%*$2.5k*$250k12 Month Relationship CD
OTHER TIERS: 0.15% $250k+
0.25%$1k-12 Month Ladder CD
0.20%$2.5k-18 Month Business Investment CD
0.20%$2.5k-18 Month Traditional CD
0.20%*$2.5k*$250k6 Month Relationship CD
OTHER TIERS: 0.10% $250k+
0.20%$1k-6 Month Ladder CD
0.15%$2.5k-12 Month Business Investment CD
0.15%$2.5k-12 Month Traditional CD
0.15%$2.5k-12 Month Rising Rate CD
0.10%$2.5k-Business 91 Day CD
0.10%$2.5k-Business 90-179 Day CD
0.10%$2.5k-Business 180-182 Day CD
0.10%$2.5k-6 Month Business Investment CD
0.10%$2.5k-9 Month Business Investment CD
0.10%$2.5k-3 Month Traditional CD
0.10%$2.5k-6 Month Traditional CD
0.10%$2.5k-9 Month Traditional 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
0.05%$500-12 Month Flex CD
0.05%$2.5k-3 Month No Penalty CD

Dollar Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%*$25k*$500k25 Month Traditional IRA
OTHER TIERS: 0.20% $500+
0.60%$1.5k-60 Month IRA Ladder
0.60%$1.5k-120 Month IRA Ladder
0.60%*$25k*$500k13 Month Traditional IRA
OTHER TIERS: 0.15% $500+
0.50%$500-60 Month Traditional IRA
0.50%$500-72 Month Traditional IRA
0.50%$500-120 Month Traditional IRA
0.50%*$25k*$500k7 Month Traditional IRA
OTHER TIERS: 0.10% $500+
0.40%$1.5k-48 Month IRA Ladder
0.40%$1.5k-30 Month IRA Ladder
0.40%$1.5k-36 Month IRA Ladder
0.35%$1.5k-24 Month IRA Ladder
0.30%$500-30 Month Traditional IRA
0.30%$500-48 Month Traditional IRA
0.30%$1.5k-18 Month IRA Ladder
0.30%$500-36 Month Traditional IRA
0.25%$500-12 Month Relationship IRA
0.25%$1.5k-12 Month IRA Ladder
0.25%$500-24 Month Traditional IRA
0.25%$500-49 Month Traditional IRA
0.20%$1.5k-6 Month IRA Ladder
0.20%$500-18 Month Traditional IRA
0.15%$500-12 Month Traditional IRA
0.10%$500-3 Month Traditional IRA
0.10%$500-9 Month Traditional IRA
0.05%$500-15 Month Bump-up IRA
Locations

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