C+ MyBankTracker Rating

Carver Federal Savings Bank

About Carver Federal Savings Bank

Carver was founded in 1948 to serve African-American communities whose residents, businesses and institutions had limited access to mainstream financial services. Today, Carver is the largest African-American operated bank in the United States.

Carver Federal Savings Bank logo

MyBankTracker rated based on the following criteria that includes real customer reviews and bank fees, among others. Our bank report card is a proprietary rating system that highlights the financial health and stability of the bank. See how it’s rated.

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Customer Reviews

Most Helpful Carver Federal Savings Bank Bank Customer Reviews

  • C
    Reviewed By claudia_corredor@yahoo.com Jul 17, 2014

    There are so many irregularities with my mortgage account!

    Two mortgage payments were cashed by Carver but the money wasn’t transferred to DMI corp. (the company handling the payments). DMI sent me letters stating that I could lose my house! Since the payments weren’t transferred on time, there were overdue taxes that weren’t paid to the township. DMI reported the supposedly missed payments to the credit agencies, hurting my credit scored. I filed a case with the division of consumer affairs. Carver finally wired the money to DMI, but what I found more disturbing is that they managed the entire thing through emails as if nothing had happened. After 6 weeks, they just let me know through email that they reported back to the credit agencies and the money was in my account.

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  • Type Fee National Average
  • Monthly Inactivity N/A
  • Non-Sufficient Fund (Overdraft) N/A 0
  • Stop Payment item N/A 0
  • Return Deposit N/A 0
  • Domestic Wire Transfer (Outbound) N/A 0
  • Domestic Wire Transfer (Inbound) N/A 0
  • Non-Bank ATM N/A