What is better? The cozy charm of yesteryear or the efficiency of modern technology? What if you could pair them? When you do banking transactions at Bank Prov, You get the best of both worlds. BankProv’s 5-star platform gives you access to an innovative commercial bank that finds solutions for businesses and individuals. As a BankProv Account Holder, you will join a team that extends beyond their comfort zones to help create the future of banking.
Ready: BankProv offers inclusive and personalized loans for
- Commercial enterprise
- Small business
- International entities
- Alternative energy
- Niche markets
Business services: BankProv’s centuries-old experience helps your business to
- Payroll processing
- Commercial crypto transactions
- Banking application programming interface (API) for security
Customers connect to a dedicated relationship manager who will be there throughout the life of their relationship with BankProv. As a business grows, this representative will help you adjust your account and banking services to accommodate changes.
BankProv’s 5-star customer rating comes from its ability to assist account holders in all ways, including personal and automated phone support, email, chat, and contact form. If you are in Massachusetts or New Hampshire, you can visit any of BankProv’s physical locations in person.
The Customer Service Center (877-487-297) answers all calls and routes the calls to someone at the desired branch. Its 24-hour self-service telephone banking (800-815-7056) offers balance inquiries, transfers, recent transactions, cleared checks, check status, and interest information.
Additional customer-centric security features include a privacy data removal page and an identity theft toolkit. BankProv lives up to its commitment to be a reliable and focused bank with a national presence that helps build a better and more rewarding future for all.
Monthly fees for business audits range from $ 0 for classic accounts to $ 1,000 for million dollar business accounts. Fee reductions apply based on balance requirements. Personal zero balance accounts have a monthly fee of $ 10.
The fees for transactions such as insufficient funds at BankProv are within the normal range for other banks. Part of the fee structure is making sure your funds are electronically and physically secured. Additional cybersecurity controls reduce the risk of hackers, and the dual support of FDIC and DIF secures all of your USD.
It is important to note that as of August 2021, cryptocurrency is not considered legal tender in the United States and is therefore not subject to the protections of the FDIC, the Depositors Insurance Fund (DIF ) or the Securities Investor Protection Corporation (SIPC). However, this rule affects all institutions holding cryptocurrencies, not just BankProv.
BankProv offers personal and business services mobile apps on iOS and Android that are as useful and transparent as its desktop platform. Download the mobile app to access your accounts and banking securely 24/7. No matter where you are, you can view your balance, deposit checks, send money, transfer funds, and pay bills.
The business app is just as useful as the personal app, facilitating business functions like balances, toll-free business check deposits, approvals, and transfers. Business customers can also sign in to QuickBooks, make wire transfers, initiate ACH, manage invoices, and set up users for accounts right on the app.
You and your business can do it all at BankProv. Whether you work from your desk or from the comfort of your home, BankProv’s online and mobile banking services are a simple and convenient way to manage your finances. With its full suite of services, including asset-based lending, traditional secured lending, and specialist market services, BankProv offers access to working capital to help you maintain your day-to-day operations and provide the financing you need. need to continue your growth plans. .
Easily manage all aspects of your personal and business finances with online banking:
- Access your account 24/7.
- Sign up for electronic statements.
- Pay your bills with our integrated bill payment system.
- Transfer funds between BankProv accounts.
- View your transaction history.
- View images of issued and deposited checks.
- Put your lost card on hold.
- Temporarily increase your card limit.
- Manage personal finances.
- Notify BankProv of travel plans.
- Deposit a check and view your check deposit history.
- Oppose a check.
Payroll services: Payroll customers can confidently perform all of their banking and payroll processing services with BankProv – saving time and expense to make their businesses more efficient. With its payroll processing services, you’ll benefit from a predictable and personalized pricing model, along with same-day ACH services. You also benefit from a dedicated banking representative to have the best customer service at your fingertips or over the phone.
Encryption: BankProv’s crypto services work as an exciting perk. It is one of the few banks in the country that offers deposit services to cryptocurrency exchanges, institutional investors and brokers. ProvXchange ™, a 24/7 payment platform, welcomes and facilitates crypto payments for businesses.
The user experience on BankProv is high for convenience and low to no for the major and minor irritation most other banks give you. You can take a look at a QuickBooks entry on your phone. The automatic mobile check deposit feature works without punishing shaking hands. When you have a problem, you can pick up the phone and talk to someone. The font and colors are calming rather than irritating.
It may have taken BankProv 100 years or more to achieve this satisfactory result, but it did. To your advantage, BankProv is focused on creating customized solutions and robust fiat banking products for all types of businesses in the US Dollar (USD) and cryptocurrency space, including unlimited insurance on deposits in USD.
BankProv vs competitors
The most special feature of BankProv is the banking services it offers to cryptocurrency businesses, including crypto exchanges. Its main competitor in this area, Silvergate, compares poorly because of BankProv’s affiliation with DIF, which insures USD funds in excess of the FDIC limit. Moreover, none of BankProv’s competitors can boast of being present in 1839.
The BankProv team is constantly engaged with its customers, putting everything in place, investing in innovation and trying to meet and exceed all expectations. He believes in the need to meet clients where they are, as they are – whether in person, online, over the phone, through digital banking technology or on social media. It’s more than a lot of other banks today that have you playing the highest level of the “Find the Phone Number” game in a 30 tab website.
When you bank at America’s 10th oldest bank, you combine the stability of tradition with the convenience of technology. BankProv was born when Thomas Crapper was 1 year old; if you banked in BankProv at the time, there wasn’t even an indoor plumbing that it could shut down to the public due to COVID-19. This 5-star bank is worth considering whether you are looking for new personal banking services or a bank that meets the needs of your modern business. As an account holder, you will benefit from BankProv’s challenges today to transform tomorrow.
BankProv has listened to its customers for almost 2 centuries and will continue to do so. You can bet on it.
Frequently Asked Questions
Is Provident Bank BankProv FDIC insured?
Is Provident Bank BankProv FDIC insured?
Kathryn Hauer, CFP®
Not only is BankProv insured by the FDIC, but funds are also protected by the DIF for amounts over $ 250,000. No depositor has ever lost a dime of their US money in a bank insured by both the FDIC and the DIF. As mentioned above, BankProv’s insurance does not apply to crypto coins at this time.
Who owns BankProv?
Kathryn Hauer, CFP®
The provident bank, wwhich also operates under the name BankProv, is a community commercial bank established in 1828 and based in Amesbury, Massachusetts. It belongs to Provident Bancorp, Inc., a Maryland company that was formed in 2019 as the successor to Provident Bancorp, Inc., a Massachusetts company, and the holding company of The Provident Bank.