Apple Bank is a regional bank with branches in New York and New Jersey

Apple Bank for Savings is a mutual savings bank headquartered in New York. It operates physical branches in New York City and northern New Jersey, and offers online banking through its website and mobile app. If you are looking for Apple Bank, you need to determine whether a branch exists near you, since the bank does not have nationwide coverage.

The bank offers standard deposit accounts, including savings accounts, checking accounts, and money market accounts. It also provides personal loans, mortgages, and other retail banking products. Because Apple Bank is a regional institution, your options for opening an account depend on your location and whether you can visit a branch or prefer to bank online.

Key Takeaways

  • Apple Bank operates only in New York and northern New Jersey, so you must live or work in one of these areas to use most of its services.
  • You can find branch locations and hours on Apple Bank's official website at applebankforsavings.com.
  • To open an account, you will need a government-issued ID, proof of address, and your Social Security number or tax ID.
  • Apple Bank offers both in-person account opening at branches and online account opening for certain products through its website.

Locating an Apple Bank branch near you

Visit applebankforsavings.com and use the branch locator tool. Enter your city, zip code, or street address to see all nearby branches, their hours of operation, and the services available at each location. Not all branches offer the same products, so confirm that the branch you plan to visit handles the type of account you want to open.

Apple Bank branches are concentrated in Manhattan, Brooklyn, Queens, and the Bronx, with additional locations in Westchester County and northern New Jersey. If no branch appears near you, the bank may not serve your area. In that case, you would need to consider other banks or credit unions in your region.

What you need to open an account in person

Bring a government-issued photo ID (driver's license, passport, or state ID card), proof of your current address (utility bill, lease, or bank statement dated within the last 60 days), and your Social Security number. If you do not have a Social Security number, you can use an Individual Taxpayer Identification Number (ITIN).

You will also need to decide which account type you want to open and how much money you plan to deposit initially. Apple Bank's minimum opening deposit varies by account type, so ask the branch representative about current requirements before you visit. Bring a debit card or checkbook from another bank if you want to fund the account by transfer on the same day.

Opening an account online

Apple Bank allows you to open certain accounts through its website without visiting a branch. Go to applebankforsavings.com and look for the "Open an Account" or "New Accounts" section. You will need to provide your name, address, date of birth, Social Security number, and employment information.

The online process typically takes 10 to 15 minutes. After you submit your application, Apple Bank will review it and contact you by phone or email within one to two business days. Once your account is approved, you can fund it by electronic transfer from another bank account or by mailing a check. Your account number and routing number will be provided so you can set up transfers or direct deposits.

Understanding Apple Bank's account types and fees

Apple Bank offers several deposit accounts. A basic savings account earns interest and has no monthly fee if you maintain a minimum balance (the amount varies). A checking account typically includes a debit card, online bill pay, and mobile banking, with fees waived if you meet balance or direct deposit requirements. Money market accounts offer higher interest rates in exchange for larger minimum balances and limited monthly withdrawals.

Review the fee schedule on Apple Bank's website or ask a branch representative about monthly maintenance fees, overdraft fees, ATM fees, and fees for services like wire transfers or stop payments. Many fees are waived if you maintain a certain balance or set up direct deposit. Compare these terms to other banks before you decide, since fee structures vary significantly.

What to do if Apple Bank does not serve your area

If no Apple Bank branch is near you and you do not want to bank online with them, you have other options. Search for community banks or credit unions in your state using the FDIC's bank locator tool (fdic.gov) or the CO-OP network for credit unions. Many regional banks offer similar products to Apple Bank at competitive rates.

You can also open an account with a national bank or online-only bank if you prefer digital banking. These institutions have no physical branches but offer lower fees and higher interest rates on savings accounts. The trade-off is that you cannot deposit cash or get in-person help with complex transactions.

Frequently Asked Questions

Does Apple Bank have ATMs outside of New York and New Jersey?

Apple Bank ATMs are located only in New York and northern New Jersey. However, you can use your debit card at ATMs in the Allpoint network or other partner networks, though you may pay a fee. Ask Apple Bank about surcharge-free ATM access when you open your account.

Can I open an Apple Bank account if I do not live in New York or New Jersey?

Apple Bank's online account opening is limited to customers in its service area. If you live outside New York and New Jersey, you would need to visit a branch in person to open an account, which is not practical for most people. Consider a national or online bank instead.

How long does it take to open an account at Apple Bank?

In-person account opening usually takes 15 to 30 minutes. Online account opening takes 10 to 15 minutes to complete the application, then one to two business days for Apple Bank to review and approve it. You can begin using your account once it is funded.

What is Apple Bank's routing number?

Apple Bank's routing number is 021000014. You will need this number to set up direct deposits or electronic transfers from another bank. Confirm this number on Apple Bank's website or your account statements, as routing numbers can change.

Does Apple Bank offer online bill pay?

Yes, Apple Bank offers online bill pay through its website and mobile app for customers with checking accounts. You can schedule payments to businesses and individuals, set up recurring payments, and view payment history. This service is typically included at no extra charge.