HICKSVILLE, NY, June 6, 2022 /PRNewswire/ — New York Community Bancorp, Inc. (NYSE: NYCB) (the “Company”), the parent company of New York Community Bank (the “Bank”), today announced the elimination of ), uncollected and unavailable funds charges on all of its personal and business checking products, and the elimination of transfer fees on its overdraft protection product, effective August 1, 2022.
As part of its review of the Bank’s product offerings and to help customers with their cash flow needs, it also plans to launch Early Pay in the third quarter. This product allows customers to access their paycheck by direct deposit up to two days earlier, helping them avoid overdrafts and better manage their expenses.
Recently, the company launched the My Community SimplyOne Chequing Account, a Bank On certified product with no NSF or overdraft fees, with low minimum deposit requirements at opening and access to both online banking and mobile banking with remote deposit.
“The Bank remains committed to its client-centric philosophy,” said Thomas R. CangemiChairman, President and CEO, he continued, “eliminating these fees and introducing prepayment is another step in helping our customers better manage their finances.”
About New York Community Bancorp, Inc.
Situated at Hicksville, NYNew York Community Bancorp, Inc. is a leading provider of multifamily loans on rent-regulated non-luxury apartment buildings in New York City, and the parent company of New York Community Bank. To March 31, 2022the Company declared assets of $61.0 billionloans from $46.8 billion, deposits of $38.0 billionand equity of $60.9 billion.
Reflecting our growth through a series of acquisitions, the company operates 237 branches across eight local divisions, each with a history of service and strength: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank at Ohio; and AmTrust Bank at Florida and Arizona.
Salvatore J. DiMartino
View original content to download multimedia: https://www.prnewswire.com/news-releases/new-york-community-bank-to-eliminate-non-sufficient-fund-fees-to-roll-out-early -pay -third-quarter-product-301561260.html
SOURCE New York Community Bancorp, Inc.