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 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.
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.
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.
Overall | |
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FDIC Certificate # | 32245 |
Year Established | 1984 |
Employees | 1407 |
Primary Regulator | OCC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.66% |
Return on Equity - YTD | 5.74% |
Annual Interest Income | $308.2MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2020vs Q4 2019 | $9.93B$9.04B |
Loans | Q4 2020vs Q4 2019 | $7.27B$7.27B |
Deposits | Q4 2020vs Q4 2019 | $7.91B$6.96B |
Equity Capital | Q4 2020vs Q4 2019 | $1.13B$1.08B |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $49.0MM$43.6MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $72.5MM$27.0MM |
Real Estate Owned | Q4 2020vs Q4 2019 | $823.00K$1.1MM |
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* 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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.10%* | $25k* | - | IRA Premium Money Market Account | ||
OTHER TIERS: 0.05% → Up to $25k | |||||
0.10% | - | - | Non-Personal Money Market Fund | ||
0.05% | - | - | IRA Money Market Account |