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Carver Federal Savings

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Address: Description:

Description:

  • Open Account Online
  • Business Banking
  • Fraud Prevention
  • Transfers & Bill Pay
  • FDIC Insured 

A Relationship You Can Bank On

 

"When you do common things in life in an uncommon way, you will command the attention of the world." — George Washington Carver (1864–1943)

Carver was founded in 1948 to serve African-American communities whose residents, businesses, and institutions had limited access to mainstream financial services. Today, Carver is the largest African-American operated bank in the United States. Since its inception, the Bank has continuously been headquartered in Harlem, and most of our eight branches and 24/7 ATM Centers are located in low- to moderate- income neighborhoods.

Click here to view CEO Michael Pugh’s interview with Cheddar TV to learn more about Carver’s history and mission.

Carver Bank has been designated by the U.S. Treasury Department as a Community Development Financial Institutions (CDFI) because of Carver's community-focused banking services and dedication to the economic viability and revitalization of underserved neighborhoods.

A measure of its progress in achieving this goal includes the Bank's most recent "Outstanding" Community Reinvestment Act rating.

As CDFI Banks work to attract greater levels of investment and other support, the industry must do a better job of “telling the story” of the impact that is being generated by the sector. To facilitate this, NCIF created the Bank Impact Dashboard. To learn more or request a copy of Carver’s Impact Report, contact Customer.service@carverbank.com.

Carver's Community Impact Video

 

Carver Federal Savings Bank shares your commitment to your community. We offer a wide range of financial solutions to meet your personal banking needs. Our full array of easy-to-use, affordable banking products can help you reach your goal of building and maintaining personal wealth. Moreover, your account balances also support community lending programs, enabling us to build affordable housing and to help minority /women- owned businesses and nonprofits.

 

Product Details – How to Waive the Monthly Fee

Carver Cash Access

Monthly Fee
$10 or Zero

Fee waived with:
An average monthly balance of $500
OR
A direct deposit total of $500 per month

Carver Growth Checking*

Monthly Fee
$25 or Zero

Fee waived with:
An average monthly balance of $1,500
OR
A direct deposit total of $1,500 per month

*Interest bearing account

 
Carver Smart Checking

Monthly Fee
$15 or Zero

Fee waived with:
10 Debit/ATM card purchases per month
OR
An average balance of $750
OR
A direct deposit total of $750 per month

 

 

A Relationship You Can Bank On

 

Carver has an array of business products and services tailored specifically to meet the needs of our Business Banking customers. Given Carver's unique presence as a community bank, Carver is at the forefront in providing products and services for nonprofits and mission-based organizations. We have created solutions that will allow our banking customers to manage their money more efficiently, save valuable time and enhance their financial flexibility, all while earning competitive rates of return. We place great emphasis on helping our Business Banking customers succeed. Business Banking products include:

 

Business Banking

Carver Cash Access Business

Monthly Fee
$10

Value Package:
250 Free transactions
Free eStatements
Carver Visa® Debit Card
Free Online Banking
AllPoint Network (55,000 surcharge-free ATMs)
Free Mobile Banking
Other Services:
Positive Pay
Wire Manager/Wire Xchange

Carver Smart Business

Monthly Fee
$25

Fee waived with:
An average monthly balance of $1,500
Value Package:
500 Free transactions
1 box of starter Carver checks free
Free eStatements
Carver Visa® Debit Card
Free Online Banking
AllPoint Network (55,000 surcharge-free ATMs)
Free Mobile Banking
Other Services:
Positive Pay
Wire Manager/Wire Xchange