Last Updated: 04/18/2025
Hanover Bank Statement Savings Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
N/A
Minimum Opening Deposit
Starting at $100
Minimum Balance to Earn APY
N/A
Hanover Bank Statement Savings Account Review
Hanover Bank Statement Savings Account is offered by Hanover Community Bank, a bank founded in 2009 and based in Mineola, NY. Hanover Bank Statement Savings Account are available in 50 states and Washington, DC.
Key Takeaways
- $0 monthly account fees available. This account charges a monthly fee of up to $5, but the fee may be waived if you keep a minimum balance of$100.
- $100 minimum opening deposit. This is a typical minimum initial deposit.
- No ATM fees. Hanover Bank Statement Savings Account does not charge fees on ATM transactions .
Hanover Bank Statement Savings Account Pros & Cons
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Hanover Bank Statement Savings Account FAQ
Are savings accounts from Hanover Community Bank federally insured?
Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
Does Hanover Community Bank offer a signup bonus?
Hanover Bank Statement Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Hanover Bank Statement Savings Account?
The minimum deposit to open a Hanover Bank Statement Savings Account is $100.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | Starting at $100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Hanover Bank Statement Savings Account offer?
Hanover Bank Statement Savings Account is not an interest-bearing account.
What fees does Hanover Bank Statement Savings Account charge?
Hanover Bank Statement Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
However, you can waive the monthly fees if you have a minimum daily balance of $100.
What features and perks does Hanover Bank Statement Savings Account offer?
This savings account includes the following features:
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Hanover Bank Statement Savings Account allows you to manage your money online or with a mobile app.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Hanover Bank Statement Savings Account?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for Hanover Bank Statement Savings Account?
The customer support email for Hanover Bank Statement Savings Account is contact1@hanoverbank.com.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed