Valley National Bank Review 2023
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At a glance

CDs
Checking
Savings
MMA
About Bankrate Score
Overview
Valley National Bank is a good option for residents of Alabama, Florida, New Jersey and New York who live near a branch and need basic personal or business banking products and want digital banking, in addition to access to branches.
Highlights
- Reward Checking
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Overall
Valley National Bank is a regional bank that offers consumer deposit products, mortgages and auto loans, investment management and a variety of business products.
Pros
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Valley National Bank offers a combination of branch and digital banking.
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Its product lineup serves consumer and business customers alike.
Cons
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Valley has branches in only four states: Alabama, Florida, New Jersey and New York.
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It's not a strong choice for savers looking for top yields.
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A network of more than 230 ATMs isn’t competitive with larger banks and banks with large bank networks.
Valley National Bank banking products
Valley National Bank savings overview
The overdraft/nonsufficient funds fee is $36. Overdraft protection is $5 per transfer.
Note: Valley Direct, Valley National Bank’s online bank, offers a very competitive savings yield. Valley Direct is available in every state, according to a representative for Valley National Bank.
Pros
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The All Access Savings account requires only $100 to open.
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All Access Savings comes with an ATM card.
Cons
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You can find banks offering much higher APYs on savings.
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There is a $4 monthly fee unless you meet minimum balance requirements.
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bank experience
Valley National Bank’s mobile app scores well among iOS and Android device users. The bank also offers telephone banking and allows person-to-person payments with Zelle. The Valley Visa debit card works with Apple Pay, Google Pay and Samsung Pay.
Customer service is available by phone 6 a.m. to 8:30 p.m. Eastern during the week and 8 a.m. to 5 p.m. Eastern on weekends and holidays.
About Valley National Bank
Valley National Bank is a federally insured regional bank with around 227 locations in Alabama, Florida, New Jersey and New York. Its headquarters is in Wayne, New Jersey. The bank's holding company, Valley National Bancorp, has about $55 billion in assets.
Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.