About Provident Bank
Provident Institution for Savings was established in 1839 in New Jersey to service the New Jersey, New York, and eastern Pennsylvania areas. Throughout the years, it acquired several other banks, such as The First National Bank of Dunellen, Bloomfield Savings Bank, and more recently, Lakeland Bank in 2022.
Provident Bank Overview
Provident Bank is a regional bank that operates 20 branches in New Jersey and eastern Pennsylvania. The bank offers a wide variety of banking products, such as CDs, checking, money market, and savings accounts.
| Most accounts do not assess monthly service charges. | Below-average APYs on all accounts. |
| Low minimum opening deposits on most non-CD accounts. | Only one money market account available. |
| Peer-to-Peer transactions available via Zelle. | Limited number of ATMs available. |
| Debit cards available for all checking accounts. | |
| All CDs only require a $500 minimum opening deposit. |
Provident Bank Product 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. Provident Bank offers CDs with terms varying from three months up to three years. All CDs offer APYs at or below the national averages. Here are some of their best CD offerings for September 2025:
Checking Accounts
Provident Bank offers several different business and personal checking accounts. Most of the checking accounts offer APYs below the national average of 0.01% for checking accounts. The checking accounts offered have low to no monthly service charges and low minimum opening deposits. Here are the latest account details for September 2025:
Money Market Accounts
A money market account is an interest-bearing hybrid between a savings account and a checking account. Provident Bank offers only one business money market account which requires a linked checking account. . Here are the account details for September 2025:
Savings Accounts
A savings account is a type of bank account that allows you to save your money while earning interest. Provident Bank offers a few savings account with varying opening deposit requirements. Here are the latest savings account details for September 2025:
Bank Fees
Overdraft fee: $35
Savings and Money Market Account withdrawal fee: None
Account closure fee: $15 if account is closed within six months of account opening
Wire transfer fee: Domestic - Incoming is $15 and outgoing is $30; International - Incoming is $15 and outgoing is $45
Non-network ATM fee: $2
Monthly service charge: $3 depending on the type of account
Stop payment fee: $35
Paper statement fee: $2
Provident Bank Features
Provident Bank's customer service line is available Monday through Friday from 8 a.m. to 7 p.m. EST. and on Saturdays from 9 a.m. to 2 p.m. EST. The bank offers an automated telephone line that is available 24 hours a day, 7 days a week, for basic account information and changes. Provident Bank operates 20 branches throughout New Jersey and Pennsylvania. The bank also offers a mobile app for Peer-to-Peer transactions via Zelle to process transactions and manage your bank account.
Provident Bank FAQs
Our Take
Provident Bank is a regional bank based out of New Jersey, where most of its branches are located, but it also operates a handful of branches in eastern Pennsylvania. ATMs are limited to its branches as it does not allow fee-free access to any of the larger ATM networks, such as Allpoint and MoneyPass. Although most of its accounts require relatively minimal opening deposits for ease of opening an account, the APYs on most of its accounts are below their respective national averages. The bank offers a robust number of checking accounts for business and personal use. With the lackluster APYs offered on all of its accounts and the current inflationary environment, there are much better online banking options, which means that Provident Bank may only be a good option for local New Jersey and Pennsylvania residents who live near a branch and bank with Provident Bank for convenience purposes.
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.