Envision Bank is headquartered in Randolph and is the 57th largest bank in the state of Massachusetts. It is also the 1,226th largest bank in the nation. It was established in 1851 and as of March of 2022, it had grown to 162 employees at 6 locations. Envision Bank has an A+ health rating.
Account was compromised, as an unauthorized $500 ATM withdrawal was made. ATM card was replaced and stolen funds were returned promptly. Was dreading the process, but Envision made the experience a very pleasant surprise. Had been a happy Randolph Savings Bank customer for a number of years before the name changed. Mobile app isn't great, but as long as they offer their excellent Apex rewards checking account I'll remain a fan.
I've been considering using Randolph Savings for a few days. I reached out to them via their email address this morning to find out more information. I found that their customer support was very responsive, a human responded within 3 minutes to my initial request. I was very impressed and I'm now planning to move my accounts based on that experience.
Be careful when opening account with Envision Bank.
Below are the ACH transfer fees:
Inbound ACH transfer fee: $0.00
Standard outbound ACH transfer fee: $3.00
Next day outbound ACH transfer fee: $4.00
Inbound ACH transfer limit: 5K/month
Opened savings account with Envision Bank couple months ago. Customer service was OK. ACH transfer limit is low and takes 3 business days to clear. Haven't withdrawn money for couple months. This week planned to withdraw money (not close account) and saw the outbound ACH transfer fees.
Updated 4/12/2020:
I requested to close the savings account by calling Envision Bank on 4/3/2020. I had to call back couple times the following days. Customer service associates told me they couldn't close the account and suggested me talk with their manager. I called the manager twice and finally talked to her. She confirmed the account was closed on 4/7/2020. I just logged into bank website today 4/12/2020, and account has not been closed as of today.
Extrememly disappointed in this bank's practices! They returned two check payments despite my having sufficient funds in the account as well as the overdraft protections. I called customer service and went over to a branch. Both individuals informed me that they don't know what happened. I am still dealing with the repercussions today. Shame on them. Be careful with this bank. "I don't know" is a shameful response to recieve from an institution that holds your money.
Overall | |
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FDIC Certificate # | 90270 |
Year Established | 1851 |
Employees | 162 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | -0.11% |
Return on Equity - YTD | -0.97% |
Annual Interest Income | $5.7MM |
Assets and Liabilities | ||
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Assets | Q1 2022vs Q1 2021 | $769.4MM$737.9MM |
Loans | Q1 2022vs Q1 2021 | $602.3MM$585.2MM |
Deposits | Q1 2022vs Q1 2021 | $631.1MM$572.3MM |
Equity Capital | Q1 2022vs Q1 2021 | $80.5MM$89.6MM |
Loan Loss Allowance | Q1 2022vs Q1 2021 | $6.4MM$6.6MM |
Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $2.7MM$8.3MM |
Real Estate Owned | Q1 2022vs Q1 2021 | $0$132.00K |
Always verify rates and promotions with the bank or credit union. We are not Envision 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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.21% | $25 | - | Savvy Savings | |
0.05% | $25 | - | Statement Savings | |
0.05% | $25 | - | Holiday Club | |
0.05% | $10 | - | Business Statement Savings | |
0.05% | $25 | - | Vacation Club | |
0.05% | $25 | - | IRA Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
1.01%* | $25* | $25k | Envision Max Checking | ||
OTHER TIERS: 0.05% → $25k+ | |||||
0.05% | $25 | - | Horizon 50+ Checking | ||
0.05% | $25 | - | Envision Plus Checking |
Envision Bank Locations | ||
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Randolph Savings Bank | 129 N Main St | Randolph, MA 02368 |
Holbrook Branch | 50 South Franklin Street | Holbrook, MA 02343 |
Stoughton Branch | 87 Sharon Street | Stoughton, MA 02072 |
Washington Street Stoughton Branch | 497 Washington Street | Stoughton, MA 02072 |
Braintree Branch | One Rockdale Street | Braintree, MA 02184 |