Customers Bank is a traditional bank with physical branches that offers high yield savings accounts. To find out if Customers Bank is right for you, continue reading the review below.
Customers Bank is a subsidiary of Customers Bancorp. They are a full service bank that provides a good amount of checking and savings accounts for any kind of person.
They even have a free checking account that has a low minimum opening deposit.
Checking Account Options
Customers Bank has a small selection of checking accounts, but they are all pretty affordable, having such low minimum requirements.
You will need $10 to open this checking account.
There is a high monthly fee of $29, but you can waive it as long as you can keep a daily balance of $5,000 across all your accounts.
You also get access to over 40,000 Customers Bank ATM for free.
This checking account requires a $10 minimum opening deposit, but afterwards there are no other fees to worry about.
There are also no minimum balances to maintain.
You can open this account either online or at a physical branch.
You need $10 to open this account, but there are no monthly fees nor minimum balances to maintain afterwards.
This account earns interest if you keep at least $0.01–$100,000.
Compare Checking Accounts
 • New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities • Chase Mobile® app - Manage accounts, pay bills, send money to friends with Zelle® and deposit checks from almost anywhere. • Chase Overdraft AssistSM – no overdraft fees if you’re overdrawn by $50 or less at the end of the business day or if you’re overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day* • Help keep your money protected with features like Zero Liability Protection, fraud monitoring and card lock. • Chase Total Checking includes FDIC insurance up to the maximum amount allowed by law. • With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs. • Open your account online now • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com. *With Chase Overdraft AssistSM, we won’t charge an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts. |
Savings Account Options
Customers Bank offers one general savings account called Reserve Savings. With just a $10 minimum deposit, you can start earning interest.
There are no monthly fees nor minimum balance requirements to handle down the road either. However, the interest earned on this account is low.
Compare Savings Accounts
 Open a Discover® Online Savings Account for all these features: • Earn $200/$150 Bonus with promo code LOP325 by 9/11/2025 • Earn high interest rate of 3.60% APY • No minimum opening deposit, no minimum balance requirement, and now no fees • Interest on Discover Online Savings Accounts is compounded daily and credited monthly • Manage your account online or with the Discover mobile app • FDIC insurance up to $250,000 • See advertiser website for full details To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code LOP325 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200. What to know: Offer not valid for existing or prior Discover savings customers. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank. |
Money Market Account Options
Money Market accounts allow for a higher yield and gives access to your funds with either checks or a bankcard.
Customers Bank has two money markets that earn pretty competitive rates.
With this money market savings account, you can grow money faster since the interest rates are tiered.
You will need at least $25,000 to open an account.
To earn interest, you will need to maintain at least a daily balance of $25,000.
You can only open this account online though.
This money market savings account earns decent interest at a tiered rate.
You will need a minimum deposit of $250,001 in order to open this account.
Compare Money Market Accounts
 • Get started and open a Discover® Money Market Account in 3 easy steps. • Available nationwide online • Earn high yields with flexible access to your cash. • Earn 3.55%% APY balances $100,000 and over • Earn 3.50% APY balances under $100,000 • No hidden fees. No surprises. • Easy cash access via debit or check, or via ATM at over 60,000 no-fee ATMs |
Reasons to Bank with Customers Bank
- They have very low minimum opening deposits.
- They have a free checking account that doesn’t require any monthly fees nor minimum balance requirements.
- Every checking account gains you access to any of Customer Bank’s 400,000 ATMs.
- The Bonus Checking account earns pretty decent interest depending on your balance.
- Their money market accounts earns a high APY when compared to other more known banks.
- The BankMobile app allows customers to bank more conveniently.
- Conduct all your banking online or through their convenient BankMobile app.
Reasons Not to Bank with Customers Bank
- The online accounts aren’t available in every state. People who live in Alaska, Hawaii, Arizona and New Mexico aren’t able to access BankMobile.
- Customers Bank only has about 24 physical branches. 13 located in New Jersey and New York, and 11 located in Pennsylvania.
- The online savings accounts don’t include ATM access.
- The Ascent Money Market Savings account lacks check-writing privileges.
- Customers Bank is not open on Saturday or Sunday.
Customers Bank Routing Number
The routing number for Customers Bank is 031302971.
Contact Customer Service
You can reach Customers Bank at 866-476-2265.
They are available during these hours:
Monday – Friday, 9:00 a.m. – 5:00 p.m. EST
How Customers Bank Compares
- Chase Bank: Chase is one of the biggest banks in the U.S and offers just about almost everything. Compared to its other competitors, Chase offers much more checking account options.
- Discover Bank: Discover Bank is also an online nationwide bank that offers bonuses for their checking and savings accounts! You can earn cash back rewards when you open a checking account and generous bonuses for opening a savings one.
- Ally Bank: Ally Bank is another online only bank that offers various account options, but they have checking accounts. The interest rates they offer are also pretty high as well.
- Capital One 360: Capital One 360, you can bank fee-free with online and mobile checking that actually pays you back. Whether you’re looking for one of their 40,000 fee-free ATMs or a Capital One location–chances are they are right nearby.
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Bottom Line
Customers Bank is pretty simplistic in its approaches, but what makes it convenient is how low most of their opening deposits are concerning both checking and savings accounts.
The BankMobile app is quite popular, so even if you don’t live in the states that a physical Customers Bank is located in, most people prefer to utilize the app to do all their banking instead.
However, keep in mind that when you look for a checking or savings account be sure to look into all the fees charged. Don’t focus on the interest rate alone, but on what the account will cost you overall.
If you’re interested in banking with Customers Bank, apply today! For more options from a variety of banks, see our list of the best bank promotions!
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