The Provident Bank is headquartered in Jersey City and is the 3rd largest bank in the state of New Jersey. It is also the 124th largest bank in the nation. It was established in 1839 and as of June of 2016, it had grown to 1,023 employees at 88 locations. The Provident Bank has an A+ health rating.
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Great Bank
I have had all my main accounts at the Leonia Branch for years.
The Manager and all the workers have been friendly and extremely helpful
When a mistake was made they corrected it immediately
As for overdraft fees all banks charge them. Simple solution is keep your records up to date and dont
over draw your account
I Had The Smart Checking Account And I Was Stunned That I Didn't Get The High Interest One Month
I had the Smart Checking account and I was stunned that I didn't get the high interest one month. They said there is a charge comes in as pin-based purchase. It was the online payment of my cell phone bill. Although they acknowledged that it can't be pin-based (since it's online transaction), they said "it comes in as pin-based and there is nothing they can do about it." So don't be so certain that your signature based transactions will be counted as signature based.
Fraud But No Fraud
I just turned 18 and I'm very aware and conscious about where my money is and goes. I want to make the most out of my money. So when I saw their Green Checking account with 1% interest on balances $50-$1000 I jumped on it. Well, it's online only, which is perfectly fine, but does require that you go through different steps than that if you were to be in a branch. Well, my first application didn't go through because I wasn't 18. Then the 2nd application did go through because the "expiration date was wrong on my driver's license," which infact false because it was a temporary license. (When you turn 18 in the State of Texas they require you to get a new license.) So, I called them up the next day and they said "just keep applying til it goes through." Which was strange considering all the information was correct and right, but I did so because he said their was "something wrong with my ID." So I ended up calling DPS down in Austin, Texas, the Capital of the State of Texas, and told them what was going on and if I could have the expiration of my license that was coming in the mail. They told me, and I use that date in order to complete a new application, but yet again it failed. So I then contacted them as there was literally nothing else I could change. Rico said that when Mannie had told me "to keep on applying" was "COMPLETELY wrong information." You're only allowed one try at the application every 30 days and that since I've applied so many times he'd have to send this higher up. Well he did and Gregory the higher up said he'd need to verify my account and check into a couple of days. I plead my case and told him that I could send picture proof evidence of everything. He said it could help, but wouldn't be the determining factor in the end to move forward with the account. He said he'd call back in 2 days to tell what's going on, well I'll have you know, this bank never calls back, you gotta call them and intiate the conversation. So, 2 days later I called him and he said he still, yet, need more time, and could give me an answer the next day. I contact him the next day, only to find that my case was passed to the HEAD of the FRAUD DEPARTMENT, Roxanne K. She said they need to get in contact with my dad.? Well I got him on the phone (3 way phone call) and she really didn't say much to me or my dad at all. Except that a "new" account can't be opened for another 30 days, and that if I called in beginning (which I did and spoke with Mannie, and she obviously didn't take this into consideration because she refuse to make an exception to the 30 day limit) that maybe she could do something. But I'm presisant and stubborn and come April 4th 12:00 AM, I will be and Provident Bank's website applying for a Green Checking account. They haven't heard the last of me. Lol.
Trust Accounts
Unfortunately, my mother and father had trust accounts for me at this bank. After they died, my lawyer asked them to consolidate the accounts. They refused to do this, since it involved "too much paper work". I am trying to get the trust moved to the local bank where I now live. I still am unable to get the trusts consolidated. My local bank cannot believe how unhelpful and rude the people at Provident (now Beacon Trust) have been. Do not under any circumstances bank with this outfit. They are unbelievable!
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 12010 |
| Year Established | 1839 |
| Employees | 1023 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.93% |
| Return on Equity - YTD | 7.35% |
| Annual Interest Income | $148.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $9.23B$8.75B |
| Loans | Q2 2016vs Q2 2015 | $6.72B$6.25B |
| Deposits | Q2 2016vs Q2 2015 | $6.28B$5.85B |
| Equity Capital | Q2 2016vs Q2 2015 | $1.16B$1.10B |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $60.9MM$59.6MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $41.5MM$44.9MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $10.4MM$8.1MM |
Always verify rates and promotions with the bank or credit union. We are not The Provident 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 Provident Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.51%* | - | $15k | Provident Smart Checking | ||
| OTHER TIERS: 0.15% → $25k+ | 0.50% → $15k - $25k | |||||
The Provident Bank has 88 locations. Click to view all The Provident Bank locations.