About Presidential Online Bank

Presidential Online Bank is a division of Presidential Bank, FSB, Bethesda, Maryland. Presidential Online Bank was established on October 6, 1995, to become the vehicle of Presidential's future growth though Internet banking. Prior to the development of the Internet, Presidential followed a strategy of limited branching, building smaller, lower cost branches, in high density locations to reduce the number of branches required.
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Overall Rating

B
Grade

Presidential Online Bank Report Card

Overall rating score 60%
Customer Rating
Based on 2 Reviews
Financial Health
Based on Texas Ratio: 40.11
Bank Fees
vs. Average
Bank Rates
vs. Average
Mobile Banking
Quality of Mobile Services

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Customer Reviews

Most Helpful Customer Reviews

Michael R's Profile Image

Reviewed by Michael R

Dec 25th 2009

5 out of 5 marks

One of The Best Online Banks

I have been a customer of Presidential Bank for more than 20 years. The are headquartered in Maryland and I first opened my account when I lived there. I moved out of state years ago but continued my account because they provide high quality service with no surprises. I particularly like the free bill pay feature which allows you to keep up on your monthly payments (rent, etc.) without hassle. Highly recommended.

Is this review helpful? ▲ Yes 2 ▼ No 0

Rakesh A's Profile Image

Reviewed by Rakesh A

Jun 19th 2010

5 out of 5 marks

Nice rates; excellent customer service

I have been using Presidential Bank for several years and am very pleased with their service. They have excellent interest rates on both the check and savings account. With direct deposit and $1,000 balance, you can easily avoid the monthly maintenance fee on the savings/checking account. I can also link up to 5 external bank and easily do ACH transfers; the money is transferred in/out of the a/c in 3 business days. Their customer service is also very good and online banking is a cynch.

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Bank Rates

NAME RATE (APY) MIN TO EARN APY MIN TO OPEN
Premier Savings

0.50%

$0

$5,000

Statement Savings

0.15%

$0

$100

Statement Savings

0.25%

$1,000

$100

Statement Savings

0.30%

$25,000

$100

NAME RATE (APY) MIN TO EARN APY MIN TO OPEN
Internet Checking

0.10%

$25,001

$500

Internet Checking

0.12%

$0

$500

Banking Fees

Type Fee National average
Monthly Inactivity

N/A

$6

Non-Sufficient Fund (Overdraft)

$20

$30

Stop Payment item

$25

$27

Return Deposit

$15

$17

Domestic Wire Transfer (Outbound)

$15

$22

Domestic Wire Transfer (Inbound)

$0

$8

Non-Bank ATM

N/A

$1

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