About bank
Fulton Bank is a regional bank headquartered in Lancaster, Pennsylvania, in the United States. The bank was founded in 1882 and has since grown to become one of the largest community banks in Pennsylvania.
Fulton Bank offers various personal and commercial banking services, including checking and savings accounts, loans, mortgages, and investment products. They also offer online and mobile banking services, which allow customers to manage their accounts and make transactions from their computers or mobile device.
In addition to its traditional banking services, Fulton Bank also provides wealth management and insurance services to its customers. The bank has over 200 branches across Pennsylvania, New Jersey, Maryland, Delaware, and Virginia, making it convenient for customers to access their services in person.
Fulton Bank is committed to community involvement and has a long history of supporting local organizations and initiatives. They also strongly focus on sustainability and have implemented environmentally responsible practices across their operations.
Key Features
Here are some key features of Fulton Bank:
- Range of banking products. Fulton Bank offers a variety of banking products and services, including personal checking and savings accounts, business banking, loans, mortgages, and investment products.
- Online and mobile banking. Customers can access their accounts and manage their finances through Fulton Bank's online and mobile banking platforms, which provide a secure and convenient way to check balances, transfer funds, pay bills, and more.
- Branch network. With over 200 branches across Pennsylvania, New Jersey, Maryland, Delaware, and Virginia, Fulton Bank provides convenient access to its services for customers in the Mid-Atlantic region.
- Wealth management and insurance services. Fulton Bank offers various wealth management and insurance services to help customers plan for their financial future and protect their assets.
- Community involvement. Fulton Bank is committed to supporting the communities it serves and is involved in various charitable and community initiatives.
- Sustainability. The bank is committed to sustainable practices and has implemented environmentally responsible practices across its operations, including the use of renewable energy sources and reducing waste.
- Personalized service. Fulton Bank prides itself on providing personalized service to its customers and building long-term relationships with them. The bank's employees are trained to listen to customers' needs and provide tailored solutions to meet their financial goals.
- Member FDIC and equal housing lender.
Requirements
Fulton Bank has certain requirements for customers to open and maintain accounts and access its products and services. Here are some of the main requirements to consider:
- Identification. To open an account with Fulton Bank, you must provide a government-issued ID, such as a driver's license or passport, and your social security number.
- Minimum balance. Some Fulton Bank accounts require a minimum balance to avoid fees or earn interest. The minimum balance requirement varies depending on the account type.
- Age. You must be at least 18 to open an account in your name at Fulton Bank. Parents or guardians may be able to open accounts for minors, depending on the account type and specific requirements.
- Credit history. Fulton Bank may check your credit history before opening certain accounts or approving loan applications. Your credit score and credit history will be used to assess your creditworthiness and determine whether you meet the bank's lending requirements.
- Employment or income. Fulton Bank may require proof of employment or income, such as a pay stub or tax return, to open an account or apply for a loan.
- Residency. You may need to provide proof of residency, such as a utility bill or lease agreement, to open an account with Fulton Bank.
- Legal documentation. If you are opening an account as a business, nonprofit organization, or other entity, you must provide legal documentation such as articles of incorporation or a business license.
It's important to note that specific requirements may vary depending on the type of account or product you are applying for and the state in which you live. It's a good idea to check with Fulton Bank or review their website for the most up-to-date information on account requirements.
Access on the Go
Fulton Bank offers a range of convenient mobile banking services that allow customers to access their accounts and manage their finances on the go. Here are some ways to access Fulton Bank's services on the go:
- Mobile banking app. Fulton Bank has a mobile banking app that can be downloaded to your smartphone or tablet. The app is available for iOS and Android devices and can be used to check balances, transfer funds, pay bills, and deposit checks.
- Online banking. Customers can also access their accounts through Fulton Bank's online banking portal. This can be accessed from any web-enabled device, allowing customers to view transactions, transfer funds, and manage account settings.
- Text banking. Fulton Bank offers a text banking service that allows customers to receive account information and transaction alerts via text message. This can be a convenient way to stay on top of your finances without needing to log into an app or website.
- Mobile deposit. Fulton Bank's mobile deposit feature lets customers deposit checks directly from their mobile devices. Simply take a photo of the front and back of the check, and it will be deposited into your account.
- Card control. Fulton Bank offers a card control feature allowing customers to manage debit cards from their mobile devices. This includes turning the card on or off, setting spending limits, and receiving alerts for certain types of transactions.
Overall, Fulton Bank's mobile banking services make it easy for customers to manage their finances on the go. By using these services, customers can save time, avoid trips to the bank, and stay on top of their finances no matter where they are.
Fulton Bank products
Fulton Bank offers a range of products and services to meet the financial needs of both individuals and businesses. Here are some of the bank's key products:
- Checking accounts. Fulton Bank offers various checking accounts to meet different needs, including such products as an interest-bearing checking account, Relationship Banking, and Premier Relationship banking. Some accounts require a minimum balance or have monthly fees, but many offer free online and mobile banking, bill pay, and other features.
- Debit cards. Fulton Bank offers a debit card with all of its checking accounts. Fulton's Contactless Visa® Debit Card can be used to make purchases, withdraw cash from ATMs, and more. Fulton Bank also offers a card control feature that allows customers to manage their cards from their mobile devices, including turning them on or off, setting spending limits, and receiving transaction alerts.
- Small business banking. Fulton Bank offers a range of banking products and services to help small businesses manage their finances. These include business checking and savings accounts, merchant services, online and mobile banking, and lending products such as lines of credit and term loans.
- Savings and investment products. Fulton Bank offers a variety of savings and investment products to help customers reach their financial goals. These include savings accounts, money market accounts, certificates of deposit (CDs) with an APY of 4.25%, and individual retirement accounts (IRAs).
- Loans and credit products. Fulton Bank offers a range of lending products to meet different needs, including personal loans, home equity loans and lines of credit, auto loans, and business loans. The bank also offers credit cards with rewards programs and low-interest rates.
Overall, Fulton Bank's products and services are designed to meet various financial needs of individuals or businesses. With a range of checking accounts, debit cards, and small business banking products, customers can find the right solutions to help manage their finances and achieve their financial goals.
Which associations does Fulton Bank belong to?
Fulton Bank is a member of several associations that promote the interests of the banking industry and support financial literacy and community development. Some of the associations that Fulton Bank belongs to include:
- American Bankers Association (ABA). The ABA is a national trade association for the banking industry, representing banks of all sizes and types. Fulton Bank is a member of the ABA and participates in its advocacy efforts and educational programs.
- Fulton Bank is a Federal Deposit Insurance Corporation (FDIC) member, a government agency that provides deposit insurance to protect consumers if their bank fails. The FDIC insures deposits up to $250,000 per depositor, per account category, if a bank becomes insolvent.
- Fulton Bank is a member of the Federal Reserve System (FRS), which is the central banking system of the United States. As a member of the FRS, Fulton Bank has access to various financial services, including loans, deposits, and electronic payment services.
By belonging to these associations, Fulton Bank can stay current on industry trends, share best practices with other banks, and advocate for policies supporting a healthy and vibrant banking industry.
Bank Reliability
Several factors can be considered regarding bank reliability, including a bank's financial stability, customer satisfaction, and regulatory compliance. Here's an overview of how Fulton Bank stacks up in each of these areas:
- Financial stability. Fulton Bank has a strong financial position, with a rating of "BBB" from Fitch Ratings and a rating of "Baa" from Moody's Investors Service. These ratings reflect the bank's sound capitalization, good asset quality, and strong market position.
- Regulatory compliance. As a member of the Federal Reserve System and the Federal Deposit Insurance Corporation (FDIC), Fulton Bank is subject to regular regulatory oversight and must comply with various laws and regulations to ensure the safety and safety soundness of the bank.
Overall, Fulton Bank appears to be a reliable and stable institution with strong financials, generally positive customer reviews, and a commitment to regulatory compliance. However, as with any financial institution, it's important to do your own research and due diligence to determine whether Fulton Bank is the right fit for your specific banking needs.
Fulton Bank vs. Ally Financial
Fulton Bank and Ally Financial are both financial institutions, but there are several key differences between the two that are worth noting:
- Branch network. Fulton Bank has a network of over 220 branches and 300 ATMs in five states, primarily located in the mid-Atlantic region. At the same time, Ally Financial is an online-only bank with no physical branches. This means that Fulton Bank customers have the option of banking in person, while Ally Financial customers must do all of their banking online.
- Product offerings. While both banks offer checking and savings accounts, Fulton Bank also offers lending and investment services, as well as small business banking services, while Ally Financial focuses mainly on consumer banking and auto financing.
- Fees and rates. Fulton Bank's fees and rates vary depending on the type of account and service, but they generally fall within industry standards. Ally Financial, on the other hand, has a reputation for low fees and competitive interest rates.
- FDIC insurance. Both banks are members of the Federal Deposit Insurance Corporation (FDIC), but Fulton Bank's deposits are insured up to $250,000 per depositor per account category, while Ally Financial's deposits are insured up to the same amount, but only through a single account category.
The choice between Fulton Bank and Ally Financial will depend on individual banking needs and preferences. Those who value in-person banking and a broader range of financial services may prefer Fulton Bank, while those who prioritize online convenience and low fees may prefer Ally Financial.
Fulton Bank vs. WesBanco
Fulton Bank and WesBanco are both financial institutions, but there are several key differences between the two that are worth noting:
- Branch network. Fulton Bank has a network of over 220 branches and 300 ATMs in five states, primarily located in the mid-Atlantic region, while WesBanco has a network of over 240 branches and 300 ATMs in seven states, primarily located in the Midwest and Mid-Atlantic regions. This means that WesBanco has a slightly more extensive branch network and operates in more states than Fulton Bank.
- Product offerings. Both banks offer various personal and business banking services, including checking and savings accounts, lending and investment services, and online banking. However, Fulton Bank has a stronger focus on small business banking, while WesBanco focuses more on mortgage lending.
- Fees and rates. Both banks' fees and rates vary depending on the type of account and service, but they generally fall within industry standards. However, WesBanco is known for higher fees and lower interest rates than Fulton Bank.
- FDIC insurance. Both banks are members of the Federal Deposit Insurance Corporation (FDIC), and their deposits are insured up to $250,000 per depositor, per account category.
The choice between Fulton Bank and WesBanco will depend on individual banking needs and preferences. Those who value a slightly larger branch network and a focus on mortgage lending may prefer WesBanco. In contrast, those who prioritize small business banking and competitive fees and rates may prefer Fulton Bank.
Fulton Bank vs. Prosperity Bank
Fulton Bank and Prosperity Bank are both financial institutions, but there are several key differences between the two that are worth noting:
- Branch network. Fulton Bank has a network of over 220 branches and 300 ATMs in five states, primarily located in the mid-Atlantic region, while Prosperity Bank has a network of over 285 branches and 600 ATMs in Texas and Oklahoma, with a few locations in Central and South Florida. This means that Prosperity Bank has a much more extensive branch network than Fulton Bank and operates primarily in the southern United States.
- Product offerings. Both banks offer various personal and business banking services, including checking and savings accounts, lending and investment services, and online banking. However, Fulton Bank has a stronger focus on small business banking and investment services, while Prosperity Bank has a stronger focus on personal banking and mortgage lending.
- Fees and rates. Both banks' fees and rates vary depending on the type of account and service, but they generally fall within industry standards. However, Prosperity Bank is known for lower fees and competitive interest rates, especially for mortgages and personal loans.
- FDIC insurance. Both banks are members of the Federal Deposit Insurance Corporation (FDIC), and their deposits are insured up to $250,000 per depositor, per account category.
The choice between Fulton Bank and Prosperity Bank will depend on individual banking needs and preferences. For example, those who value a more extensive branch network and a focus on personal banking and mortgages may prefer Prosperity Bank. In contrast, those who prioritize small business banking and investment services may prefer Fulton Bank. Additionally, those looking for competitive fees and rates may find Prosperity Bank a better fit.
Fulton Bank vs. Wells Fargo
Fulton Bank and Wells Fargo are both financial institutions, but there are several key differences between the two that are worth noting:
- Branch network. Wells Fargo has a national network of over 7,200 branches and 13,000 ATMs. In comparison, Fulton Bank has a network of over 220 branches and 300 ATMs in five states, primarily located in the mid-Atlantic region. This means that Wells Fargo has a much more extensive branch network and operates in all 50 U.S. states.
- Product offerings. Both banks offer various personal and business banking services, including checking and savings accounts, lending and investment services, and online banking. However, Wells Fargo has a stronger focus on mortgage lending and investment services, while Fulton Bank has a stronger focus on small business banking.
- Fees and rates. Both banks' fees and rates vary depending on the type of account and service, but they generally fall within industry standards. However, Wells Fargo has a history of facing regulatory penalties and fines for various reasons, including opening fake accounts and charging unauthorized fees. This has led to negative publicity and reputational damage.
- FDIC insurance. Both banks are members of the Federal Deposit Insurance Corporation (FDIC), and their deposits are insured up to $250,000 per depositor, per account category.
The choice between Fulton Bank and Wells Fargo will depend on individual banking needs and preferences. For example, those who value a more extensive branch network and a focus on mortgages and investment services may prefer Wells Fargo. In contrast, those who prioritize small business banking may prefer Fulton Bank. Additionally, those looking for a bank with a cleaner reputation and fewer controversies may find Fulton Bank a better fit.
