Valley Bank’s “Journey Checking” Receives National Certification by Banking Advocates as Safe, Affordable Account
September 01 2021 - 9:30AM
Business Wire
The Cities for Financial Empowerment Fund’s
Bank On National Account Standards Certification of Valley Journey
Checking indicates that it meets over 25 features for safe and
affordable consumer transaction accounts.
Valley Bank announced today that its Journey Checking account
was officially certified by the national Cities for Financial
Empowerment Fund (CFE Fund) as meeting the Bank On National Account
Standards (2021 - 2022). The National Safe Account Standards,
co-created by consumer advocates, leading national nonprofit
organizations, civic leaders and other financial institutions,
designate both core and strongly recommended features that ensure
low cost, high functionality and consumer safety.
Key features of Valley Journey Checking include a low or no
monthly fee, no overdraft or nonsufficient fund fees, the ability
to pay bills and make purchases and federal deposit insurance.
Valley Journey Checking is available in every one of Valley’s
branches across New Jersey, New York, Florida and Alabama.
“The Cities for Financial Empowerment Fund is delighted to award
its national Bank On account certification to the Valley Journey
Checking account,” said Jonathan Mintz, President and Chief
Executive Officer of the Cities for Financial Empowerment Fund.
“Valley Journey Checking offers New Jersey, New York, Florida and
Alabama residents who are looking to improve their finances a safe,
affordable and truly useful mainstream banking product. Valley
Bank’s offering of this terrific account brings them into the
forefront of national banking access efforts, and we thank
them.”
The goal of Bank On is to ensure that everyone has access to
safe and affordable financial products and services. The Bank On
National Account Standards identify critical product features for
appropriate bank or credit union accounts, making it easier for
local coalitions across the country to connect consumers to
accounts that meet their needs.
“Valley Bank is honored to be part of a coalition that provides
safe, low-cost accounts for the underbanked and unbanked,” said
Bernadette Mueller, Executive Vice President and Chief CSR-CRA
Officer. “It’s one step closer to ensuring all consumers have
access to secure banking services.”
To learn more about Valley’s Journey Checking Account, click
here.
Member FDIC. Equal Opportunity Lender.
About Valley
As the principal subsidiary of Valley National Bancorp, Valley
National Bank is a regional bank with approximately $41 billion in
assets. Valley is committed to giving people and businesses the
power to succeed. Valley operates many convenient branch locations
across New Jersey, New York, Florida and Alabama, and is committed
to providing the most convenient service, the latest innovations
and an experienced and knowledgeable team dedicated to meeting
customer needs. Helping communities grow and prosper is the heart
of Valley’s corporate citizenship philosophy. To learn more about
Valley, go to www.valley.com or call our Customer Care Center at
800-522-4100.
About the Cities for Financial Empowerment Fund (CFE
Fund)
The CFE Fund supports municipal efforts to improve the financial
stability of households by leveraging opportunities unique to local
government. By translating cutting edge experience with large scale
programs, research, and policy in cities of all sizes, the CFE Fund
assists mayors and other local leaders to identify, develop, fund,
implement, and research pilots and programs that help families
build assets and make the most of their financial resources. The
CFE Fund is currently working in over 100 cities and counties, and
has disbursed over $43 million to local governments and their
partners to support these efforts. For more information, please
visit www.cfefund.org or follow us on Twitter at @CFEFund.
About Bank On
Bank On coalitions are locally-led partnerships between local
public officials; city, state, and federal government agencies;
financial institutions; and community organizations that work
together to help improve the financial stability of unbanked and
underbanked individuals and families in their communities. The Bank
On national initiative builds on a grassroots movement of over 80
coalitions in cities across the country, offering national account
standards, capacity grant support, pilot funding, and a learning
community. In addition to connecting unbanked individuals to
accounts, Bank On programs raise public awareness, target outreach
to the unbanked, and expand access to financial education. Visit
www.cfefund.org/bankon for more information, or follow the
conversation on Twitter @CFEFund #BankOn.
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Pam Golden pam@glapr.com, 973-564-8591
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