Beneficial Bank is a financial institution that provides itself on helping the community and educating their clients on positive financial habits. With Beneficial Bank, clients can take control of their checking and savings accounts as well as their lending and investing efforts. In addition to providing standard banking services, Beneficial Bank also offers insurance and wealth management solutions.
There are six different checking accounts available for clients to choose from. The wide range of checking account services were created to service almost every financial situations. While there are standard features included with every checking account, there are differences as well. The checking accounts are broken down as follows:
In addition to a variety of checking accounts, there are also a number of savings accounts to choose from. Each account comes with standard features and then additional bonuses to tailor to the financial situation. The accounts are broken down as follows:
Regardless of what account a client utilizes, there are a number of features that are standard. First and foremost, online banking applies to any all checking and savings accounts. For checking accounts, a debit card is included with credit card options for either types of account. Other Beneficial Bank account features include: Bill Pay, BenMobile, mobile deposit, FinanceWorks, eDocs, Swipe and Save, BankThanks, Mobile Money, and Switch Kit.
While Beneficial Bank does offer lending options to their clients, the range of loan capabilities are limited. That means individuals hoping to finance certain opportunities or endeavors will not be able to do so through Beneficial Bank. The only loans that are provided through Beneficial Bank at this point include:
A majority of the Beneficial Bank checking and savings accounts charge a monthly service fee. This monthly fee offsets the cost for account maintenance. There are ways to waive this monthly service charge, but certain requirements must be met. However, if these standards are not met, clients can expect the charge to be assessed.