Customers wins online banking recognition
Customers Bank was recently identified as one of the “Best Online Banks of 2021” by Bankrate.
The news service — which provides consumer and commercial audiences with analysis of rate information, industry news and knowledge to make informed financial decisions — gathered information and reviewed thousands of data points to determine the best banks in the nation. West Reading-based Customers Bank finished among the top six.
“Being ranked as a top digital bank reaffirms our commitment to our digitization initiative and being a tech-savvy digital-first company that delivers valuable online financial products designed to assist our clients in achieving their longterm goals,” said Sam Sidhu, vice chairman and chief operating officer of Customers Bank, in a statement. “Our commitment to providing best in class tech to consumers and businesses, including our new white label PPP program has further established our national reputation as a leading digital bank. Awards of this type underscore our franchise value.”
Bankrate gave the heaviest weighting to savings interest rates and low-cost or free checking accounts to identify the best banks. Customers Bank received acknowledgment for providing online deposit products to consumers living in most regions of the country.
Other key features that led to Customers Bank being selected as a best online bank include the low penalty fees for checking account overdrafts, which are less than many other banks and no monthly service fees on the bank’s High-Yield Savings Account. Customers Bank’s commitment to providing easy access to customer service support by phone seven days a week was another key factor that led to the bank’s high rating.
“This recognition highlights our commitment and success in delivering remarkable digital experiences to our consumer and commercial clients,” added Jim Collins, senior executive vice president and chief administrative officer at Customers Bank. “It is also a testament to our team members’ efforts to deliver exceptional results.”
This announcement follows the recent ranking by Kiplinger’s that identified Customers Bancorp as one of the “6 Best Financial Stocks to Buy” in 2021.