In an effort to reduce its carbon footprint, Ridgewood Savings Bank has created a new service to meet financial needs in an environmentally responsible way.
Leonard Stekol, President, CEO and Chairman of the Board of Ridgewood Savings Bank, said this green product will make banking easier for their customers.
“Ridgewood is proud to have always been at the forefront of ways to make banking easier for our customers,” Stekol said. “We offer products that are in tune with customers working remotely who need more digital and global services.”
The bank, which was recognized in 2021 by Bankrate as the “Best Regional Bank” nationwide and ranked number one on Forbes’ “Best-in-State Banks” list for New York State, is launching five new services.
The new service is known as Free Green Checking, which will be a green, paperless payment account with no monthly fees. This will give the customer full control with free e-statements, access to 90,000 ATMs at no additional cost, 24/7 digital banking, bill payment and Zelle and much more. For every new Free Green Checking account opened in 2022, Ridgewood will donate to One Tree Planted, which plants trees in national forests across the United States.
Ridgewood’s new service is an effort to expand and improve the customer experience.
“Driven by the goal of ‘Multiplying the Good,’ Ridgewood remains focused on what has made the bank successful – its customers,” a statement from Ridgewood said. “Ridgewood’s Earth Day effort to go green and plant trees through One Tree Planted is another way the bank is giving back.
In 2021, Ridgewood Savings Bank contributed more than $1.137 million to community reinvestment, employee charitable giving, community outreach, and bank matching donations.
In addition to Free Green Checking, Ridgewood is introducing additional new benefits on the first checking account, including free EZShield ID Protection Plus and competitive interest rates on higher balances. Plus, Ridgewood’s new currency exchange service provides access to over 80 global currencies. Soon, international bank transfers will also be available.
Student loans will also be offered at Ridgewood in the coming months, where students can apply for private student loans through College Ave Student Loans.
“The bank recognizes that students work hard to get into the schools of their choice and hopes to make it easier to apply for loans,” a statement from Ridgewood said.