Provident Bank (NJ): A Complete Guide to Accounts, Rates & Services
Founded in 1839, Provident Bank is New Jersey's oldest community bank and the third-largest headquartered there. With branches across NJ, NY, and eastern PA, they offer a wide range of retail and commercial banking services, along with wealth management—all under the umbrella of Provident Financial Services, Inc.
Checking Accounts
- Smart Checking: Pays 1.51% APY on all balances (no minimum) and includes nationwide ATM fee reimbursement when you meet requirements
- Value Plus Checking and Gold Advantage Checking: Tiered interest based on balance—typically 0.00% to 0.03% APY—with perks like free checks, cashier’s checks, and ATM access
Savings & Money Market
- Savings Plus: Tiered APY from 0.00–0.05% depending on balance
- Money Market PLUS: Also tiered, up to 0.05% APY when linked to checking and meeting balance requirements
CD Rates
- CDs start at a $500 minimum
- Terms from 91 days to 60 months, with penalties ranging from 90 to 365 days of interest
- 3-month CD: ~0.08–0.10% APY
- 2-year CD: ~0.48–0.63% APY
- 3 to 7-year: 0.63–0.80% APY tiers
Interest Rates Overview
- Checking and savings: variable, tiered APYs
- CDs: fixed rates for the term, with penalties for early withdrawal
- Rates are current as of June 26, 2025, but may change—always verify before opening an account
Debit & Credit Cards
- Provident Debit Mastercard® included with accounts; provides chip-based security and free debit purchases
- A rewards debit card is available; details shared in branch or via customer service
- Credit cards may be offered—check in-branch or online
Wire Transfers & Limits
- You can initiate domestic/international wires—details included in ProvidentConnect and in-branch support
- No public mention of limits; fees and cutoff times depend on wire type and initiation method
Mobile & Online Services
- Mobile deposit, bill pay, account alerts, Zelle® payments, ATM locator available
- Telephone Banking (1-800-448-PROV): check balances, transfer funds, and make payments—Mon–Fri 8 AM–7 PM, Sat 9 AM–2 PM
ATM Access & Fees
- Over 55,000 surcharge-free ATMs via Allpoint network
- Foreign ATM fees may still apply if using non-network machines
Tax & FDIC Insurance
- FDIC-insured up to $250,000 per depositor
- Routing number: 322270518
- Federal Tax ID (EIN) not publicly listed—available via official account forms or upon request
Account Types & Products
- Checking: Smart, Value Plus, Gold Advantage, business checking
- Savings: Savings Plus, Youth savings
- Money Markets, CDs (multiple terms)
- Home loans, HELOCs, mortgages—supporting refinancing and new purchases
- Investment/wealth services via Beacon Trust and affiliates
Transfer Limits
- Internal transfers: generally unlimited
- External wires/transfers: depend on account agreements—consult branch or disclosures
Fee Highlights
- Free transactions and ATM reimbursements with Smart Checking
- Savings Plus and Money Market have low monthly charges that are waivable with maintained balances
Final Thoughts
Provident Bank combines deep local roots with modern banking tools. Its standout features include high-yield Smart Checking, robust CD selection, a huge ATM network, and full-service loan capabilities. If you're in NJ, NY, or PA, and value both community banking and digital convenience, Provident is a compelling choice.
Frequently Asked Questions
Is Provident Bank safe and FDIC-insured?
Yes—FDIC-insured up to $250K per depositor, backed by nearly two centuries of history and branches across three states.
What APY can I expect?
Smart Checking: 1.51%
Savings/Money Market: up to 0.05% tiered
CDs: 0.08–0.80% depending on term and amount
Does Provident charge ATM or foreign fees?
No surcharge at Allpoint machines; international ATM fees may still apply.
Can I deposit via mobile check?
Yes—mobile check deposit is available via Provident's mobile app.
What wire services are offered?
Domestic and international wires are available via online, in-branch, or telephone. Call 1 800 448 7768 for support.
How do I open an account?
You can open accounts online or in-branch; mobile app and website offer guided support and documents.
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