Amalgamated Bank Receives National Certification by Banking Advocates as Safe, Affordable Account

Amalgamated Bank announced that its Restart Checking account was officially certified by the national Cities for Financial Empowerment Fund (CFE Fund) as meeting the Bank On National Account Standards (2023 - 2024). 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.

Amalgamated Restart Checking offers customers with affordable, mainstream banking services regardless of their financial history. Key features include a monthly cost of only $3, no overdraft or nonsufficient fund fees, the ability to pay bills and make purchases, a comprehensive suite of mobile and online banking capabilities, and federal deposit insurance. The Restart Checking is available in Amalgamated Bank‘s five consumer branches across New York, Washington D.C., and San Francisco.