Intro – New York Community Bank Reviews & Ranking

New York Community Bank was recently ranked and reviewed by AdvisoryHQ as a top rated banking firm. Firms on our top rated lists were selected after they successfully passed AdvisoryHQ’s groundbreaking, four-step banks and credit unions selection methodology

Click here for a step-by-step breakdown of the methodology and selection process used during our New York Community Bank review: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.

The New York Community Bank review below provides a detailed assessment, including some of the factors used by AdvisoryHQ News in its ranking and selection of New York Community Bank.

New York Community Bank Review

New York Community Bank (NYCB) is one of the top banking firms with locations in New York, New Jersey, Florida, Ohio, and Arizona. NYCB is the largest thrift in the nation, with a history that dates back to 1859.

There are 111 branches of NYCB in New York, and there are 45 New Jersey branches in Essex, Hudson, Mercer, Middlesex, Monmouth, Union, and Ocean Counties. NYCB has assets of $48.9 billion, and it’s a state-chartered bank.

Personal banking products and services available through New York Community Bank include checking, savings, money market accounts and CDs, credit cards, and mortgage options.

Key Factors Leading Us to Rank This Firm as One of This Year’s Top Banking Firms

Upon completing our New York Community Bank review, New York Community Bank was included in AdvisoryHQ’s ranking of this year’s best banking firms based on the following factors. 

New York Community Bank Review

Photo courtesy of: New York Community Bank

New York Community Bank Review: My Community Free Checking

For those consumers seeking a basic checking account that’s free and easy to manage, New York Community Bank offers the My Community Free Checking.

This personal checking account provides unlimited check writing, and the minimum to open is only $1. There is no monthly fee, and the account includes e-statements.

Options including enrollment in a rewards program and overdraft protection are available with this account.

This account is not only fee-free but also versatile and flexible, so it can work well for a variety of banking needs.

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New York Community Bank Review: Rewards Program

The New York Community Bank Rewards program provides customers with points they can use to accrue cash rewards every time they use their Visa check card on qualifying purchases.

Customers are automatically enrolled when they open a consumer checking account, and with as few as 2,000 Rewards points, enrollees can start earning cash back.

Points vary based on the type of transaction and what the merchant is. For example, buying groceries and gas can earn users up to 60 points in a month while dining out can mean 120 points, and home improvement purchases can earn up to 20 points a month.

new york community bank reviews

Photo courtesy of: New York Community Bank

New York Community Bank Review: Overdraft Shield

Overdraft Shield is an overdraft protection service available to customers of New York Community Bank. It is used whenever there are insufficient or uncollected funds in a checking account to cover a transaction.

The bank moves the funds from a linked savings or checking account, and the item is paid. Customers can take advantage of this service up to six times from a savings or money market account per month.

This is valuable to consumers because it provides a simple, automatic way to avoid the embarrassment of returned checks or declined transactions. Customers of New York Community Bank can apply for coverage by visiting a local branch.

New York Community Bank Review: NYCB Mobile

NYCB Mobile is a convenient, technology-based way for NYCB customers to bank on the go and maintain complete control and visibility over their spending and accounts.

This mobile device includes an Instant Balance feature that lets customers see their account balances without even logging in.

NYCB Mobile provides the option to create mobile alerts regarding account balances and security issues, and they can view e-Bills and pay them through the mobile app.

NYCB Mobile includes Popmoney for sending and receiving money from almost anyone quickly and easily, and transfers can be made via the app.

In addition to reviewing the above New York Community Bank review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top rated banking firms:

AdvisoryHQ (AHQ) Disclaimer:

Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.

Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Click to view AdvisoryHQ's advertiser disclosures.