Dollar Bank is headquartered in Pittsburgh and is the 7th largest bank in the state of Pennsylvania. It is also the 157th largest bank in the nation. It was established in 1984 and as of March of 2022, it had grown to 1,337 employees at 80 locations. Dollar Bank has an A health rating.
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.
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.
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!
|FDIC Certificate #||32245|
|Return on Assets - YTD||0.43%|
|Return on Equity - YTD||4.62%|
|Annual Interest Income||$71.0MM|
|Assets and Liabilities|
|Assets||Q1 2022vs Q1 2021||$10.23B$10.34B|
|Loans||Q1 2022vs Q1 2021||$7.17B$7.26B|
|Deposits||Q1 2022vs Q1 2021||$8.68B$8.35B|
|Equity Capital||Q1 2022vs Q1 2021||$914.5MM$1.13B|
|Loan Loss Allowance||Q1 2022vs Q1 2021||$52.1MM$50.3MM|
|Unbacked Noncurrent Loans||Q1 2022vs Q1 2021||$44.1MM$76.1MM|
|Real Estate Owned||Q1 2022vs Q1 2021||$115.00K$696.00K|
Rates for Dollar Bank are currently being reviewed.