About Valley Bank
Valley Bank is a regional bank headquartered in New Jersey. It was originally founded in 1927 as the Passaic Park Trust Company. In 1976, the name was changed to Valley National Bank. Valley Bank operates more than 200 branches and ATM locations in Alabama, California, Florida, Illinois, New Jersey, and New York.
Valley Bank Overview
Valley Bank offers a variety of bank products, such as CDs, checking, money market, and savings accounts. It does this through its more than 200 branches in six states and on its website. Valley Bank also offers investment services through its securities division.
| The bank offers competitive APYs on its three CD products. | The majority of its accounts offer low APYs. |
| Offers a wide range of banking products. | Operates in only six states. |
| Monthly service charges can be waived by meeting certain balance requirements. | |
| Most accounts only require minimum opening deposits. |
Valley Bank Product Offerings
CDs
A certificate of deposit (CD) is a form of savings account that pays a fixed interest rate on the money in the account for a certain period, known as a term. Valley Bank only offers three CDs. All CDs offer yields that are competitive. Here are the details for some of the bank's CD offerings for April 2025:
Checking Accounts
Valley Bank offers several different business- and personal-checking accounts. Most of the checking accounts offer APYs below the national average of 0.01% for checking accounts. The personal checking accounts have monthly service charges, but they can be waived by meeting somewhat minimal requirements. Here are the latest account details for April 2025:
Money Market Accounts
A money market account is an interest-bearing hybrid between a savings account and a checking account. Valley Bank offers a few money market accounts: two personal and one business money market account. Here are the account details for April 2025:
Savings Accounts
Valley Bank offers a few savings accounts for personal and business use. All accounts have a monthly service charge that can be waived and a low minimum opening deposit. The yields offered are in line with those of most traditional banks and below or in line with the national average of 1.45%. Here are the latest savings account details for April 2025:
Bank Fees
Overdraft fee: $36
Savings and Money Market Account withdrawals: None
Account closure fee: None
Wire transfer fee: Domestic - Incoming is $15 and outgoing is $30; International - Incoming is $15 and outgoing is $45
Non-network ATM fee: $2
Monthly service charge: $5-$25 depending on the type of account
Stop payment fee: $35
Paper statement fee: $3
Valley Bank Features
Valley Bank's customer service line is available Monday through Friday from 6:00 a.m. to 8:30 p.m. EST and on weekends from 8 a.m. to 5 p.m. EST. There is also an automated phone line that is available 24 hours a day, 7 days a week, for telephone banking. Peer-to-Peer transactions are available via Zelle as well as through Apple and Samsung Pay. The bank operates more than 200 branches and ATMs in six states.
Valley Bank FAQs
Our Take
Valley Bank is a regional bank that operates in only six states: Alabama, California, Florida, Illinois, New Jersey, and New York. The bank offers competitive yields on its three CDs which also features low minimum opening deposits. The bank offers a number of different checking and savings accounts for everyday use, for children, women, and businesses. In general, fees are low or able to be waived, opening deposits are low, except for the money market accounts, and APYs are for the most part at or below the national averages, except for the CDs. Overall, Valley Bank is a good bank, as long as you live in one of the states it operates in.
Methodology
Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.