About Cross River Bank
Cross River Bank is a regional bank based out of Fort Lee, New Jersey, that was founded in 2008.
Featured Offers
Cross River Bank Overview
Cross River Bank is a regional, full-service bank that offers CD, checking, money market, and savings accounts. The bank operates two branches in New Jersey and New York. Customers have fee-free access to more than 40,000 MoneyPass ATMs nationwide.
| Competitive APYs on most accounts. | Cross River Bank only operates two banks in New Jersey and New York. |
| Low minimum opening deposits required for CDs. | |
| Most accounts can be opened online or in person. | |
| No minimum opening deposit requirements for non-CD accounts. | |
| No monthly service charges. |
Spring Bank Offerings
CDs
A certificate of deposit (CD) is a form of savings account that pays a fixed interest rate on the money in the account for a certain period, known as a term. Cross River Bank offers several business and personal CDs with terms ranging from three months to four years. The APYs on a number of its CDs is higher than the national averages of 2.26%. Here are the details for some of the bank's CD offerings for the month! and 2024:
Checking Accounts
A checking account is a transactional account intended for everyday expenses. Cross River Bank offers several business and personal checking accounts. All checking accounts offer APYs that are below the national average of 0.12%, with no monthly service charges. Here are the latest account details for April 2024:
Why we chose it?
What to watch for
Money Market Accounts
A money market account is an interest-bearing hybrid between a savings account and a checking account. Cross River Bank offers two money market accounts, one for personal and one for business purposes. Both accounts are similar and offer an APY that is below average when compared to the national average of 0.79% for money market accounts. Here are the account details for April 2024:
Why we chose it?
What to watch for
Savings Accounts
A savings account is an interest-bearing account that pays you interest while you save for your financial goals. Cross River Bank offers two personal savings accounts and one business savings account. All accounts offer APYs that are highly competitive APYs when compared to the national average yield of 0.57% for savings accounts. Here are the latest savings account details for April 2024:
Why we chose it?
What to watch for
Bank Fees
Overdraft fee: None
Account closure fee: None
Dormant account fee: None
Wire transfer fee: None
Non-network ATM fee: None
Monthly service charge: None
Stop payment fee: None
Paper statement fee: None
Excess withdrawal fee: None
Cross River Bank Features
Cross River Bank's customer service line is available on weekdays from 9 a.m. to 3 p.m. EST via phone. There is also a 24/7 telephone banking line for basic account information and certain account transactions. Cross River Bank operates two branches in the Teaneck, New Jersey and Brooklyn, New York. Customers have fee-free access to the more than 40,000 MoneyPass ATMs nationwide. The bank has an easy-to-use mobile app that allows customers to check balances, deposit checks, pay bills, and process transactions.
Cross River Bank FAQs
Does Cross River Bank charge monthly fees?
How many ATMs does Cross River Bank operate?
How many branches does Cross River Bank have?
What is the minimum amount needed to open a CD account?
Does Cross River Bank use Zelle?
Is it safe to bank with Cross River Bank?
What are Cross River Bank's customer service phone hours?
Are Cross River Bank accounts open to everyone?
Our Take
Cross River Bank is a regional bank with two branches in New Jersey and New York. The bank offers highly competitive APYs on its CD and savings accounts. All non-CD accounts feature no monthly service charges and no minimum opening deposits. As the bank does not have any ATMs, it allowed its customers fee-free access to the more than 40,000 MoneyPass ATMs nationwide. Cross River Bank is an excellent option for residents of Teaneck and Brooklyn, where it operates branches, and its customers can do in-person banking at these branches. For all others, accounts with this bank can be opened online, so it may be a good bank if you don't mind sticking to online banking.
Methodology
Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.