If you want to open an account or invest in a socially responsible bank, this Amalgamated Bank review will show you the way!

Unlike other traditional banks, Amalgamated focuses on delivering good products with social responsibility.

Therefore, you will not only enjoy valuable services but also will feel part of something bigger.

Among the causes it cares about, the bank issues Climate Justice, Immigrant Rights, LGBTQ+ Rights, Anti-Violence & Gun Safety, Criminal Justice, Worker’s Rights, Reproductive Rights, Voting Rights, Racial Justice, and Economic Rights.

As shown before on this Amalgamated Bank review, the bank offers more than just accounts. 

Firstly, it is a bank for change-makers. In summary, it cares about a complete range of issues, like Climate Justice, Immigrant Rights, LGBTQ+ Rights, Anti-Violence & Gun Safety, Criminal Justice, Worker’s Rights, Reproductive Rights, Voting Rights, Racial Justice, and Economic Rights.

That’s why it delivers responsible and accessible products and services, as well as commits to being net-zero and powered by renewed energy.

Also, the same way it works in a sustainable and progressive way, it is supported by sustainable organizations and partners.

Secondly, it offers a good range of products and services, although it could improve it by offering a wider scope of credit cards, for example.

Basically, Amalgamated features:

Today, this review will focus on personal accounts.

Each checking account comes with an ATM or Debit Card. And the process to open an account is pretty simple and digital. Also, the same goes for a savings account.

However, although the bank doesn’t charge fees for ATM network transactions, it charges a $10.00 monthly maintenance fee for the Convenience+ Checking, that can be waived with direct deposits. 

Other checking options don’t have monthly fees or minimums. And you can earn interest depending on the choice you make.

Moreover, it is important to access the Account Opening Disclosures to find out the main fees associated with accounts.

Shortly, Amalgamated charges fees for Check/ACH items, Wire Transfers, copies of checks or statements, Lost ATM/debit card replacement, and more.

As can be seen on this Amalgamated Bank review, the bank offers accessible products and sustainable services for change-makers.

Even though some fees apply, you can waive them through direct deposits. Also, fees are relatively low because the bank is designed to offer responsible, sustainable, and accessible products.

You don’t need a good credit score to open an account. In fact, Amalgamated offers products and services thinking about accessibility and affordability.

Now, learn how easy it is to apply for an Amalgamated Bank product. The next post focuses on the accounts (checking and savings options).