Spring Bank is a mission-based financial institution located in the South Bronx and dedicated to providing affordable financial products and services to under-served communities throughout New York City. Spring Bank is both a US Treasury Certified Community Development Financial Institution and a B Corp.
- Online Services
- Mobile Services
- Mobile Check Deposit
- Open Account Online
- Business Accounts
- Small Business Lending
- No Overdraft Fee
This institution reports data to the U.S. government about how it lends to small business, housing, and other community interests, and Mighty Deposits calculates what this means for you and your money.
Community Development Financial Institutions include certified community development banks and credit unions. CDFIs provide financial services to those in historically underserved communities and to those who lack access to financing.
Certified B Corporations are businesses that meet verified standards of social and environmental performance. B Corps seek to redefine success in business by building a more inclusive and sustainable economy and, reducing inequality, and more.
Minimum to Open Account$25
Minimum Balance Requirement$25
ATM FeeFree at MoneyPass and Citibank ATMs
Other services or features
- Credit Builder Loans
- Lines of Credit for small businesses
Rates and fees are variable and often change. For the most up to date information, visit the institution’s website.
To see how this institution uses your money to lend in communities, visit their profile on Mighty Deposits.