About Metropolitan Commercial Bank®
Both our business and consumer clients are reaping the benefits of expanded services, products and technologies introduced by the bank. Our corporate customers are avid users of remote deposit capture, business online banking and our unique resident healthcare solution. Our highly competitive CD, money market and NOW account rates continue to attract new depositors and thanks to our new online application for personal accounts, individuals all over the United States are able to take advantage of our service, promotions and suite of products. Our retail banking philosophy of building our customer base one client at a time, has enabled us to succeed in creating the experience of an old-fashioned bank, where the customer knows the branch manager’s name and in turn is greeted by name at the door. Combined with all the technology and conveniences expected of a truly 21st century financial institution, Metropolitan Commercial Bank® is quickly becoming banking's best known secret.
Metropolitan Commercial Bank continues to grow in the prepaid card space as an issuer for an increasing number of programs. The range of prepaid cards being issued by Metropolitan Commercial Bank and the strategic partnership with a variety of program managers throughout the United States, places us at the forefront of this burgeoning industry.
CashZone a wholly owned subsidiary of Metropolitan Commercial Bank
Through CashZone® and related CashZone Prepaid Visa® Card programs, Metropolitan Commercial Bank continues to attract new clients who have historically had limited or no access to traditional banking services. Bringing these new clients into the fold is good for our local communities as well as for meeting the strategic goals of the Bank. By pursuing opportunities to generate fee-based revenue, we hope to further mitigate some of the inherent interest-rate risk present in conventional banking while continuing to grow and diversify our revenue streams.
There are 13 CashZone Retail Financial Centers throughout the New York metropolitan area.
CashZone’s Prepaid Visa Debit Cards competitive advantages are many. Features and benefits include instant issue prepaid debit cards, no-fee check-cashing services, direct deposit, savings account and text message alerts announcing recent account activity, including current balance.
Through CashZone, we are starting to reach clients the banking industry has overlooked for decades. We believe we can develop a high volume of business through this channel to increase our profitability, while gaining a competitive advantage by being early to market with innovative products and services.