Important Information Related to the Paycheck Protection Program
Apple Bank Business Checking Customers:
Congress recently passed the “Consolidated Appropriation Act, 2021,” which includes an extension (and expansion) of the Paycheck Protection Program (PPP).
While final details of the new PPP have not been released, Apple Bank stands ready to assist when the new program is finalized and implemented. Due to timelines afforded to the Small Business Administration (SBA) to carry out the Act, we expect specifics to be released closer to the New Year. We remain in partnership with Pursuit to provide PPP small business loans, and are diligently working on solutions to once again offer simple, efficient access to the program. Stay up-to-date with the latest information related to the new Paycheck Protection Program by visiting applebank.com/inform.
At Apple Bank we recognize that 2020 has been a difficult year for all that reside within the communities we serve, and understand the unique and profound challenges that small businesses continue to face. We look forward to helping you achieve your small business needs today, and into the future.
--James Matera
Executive Vice President
Update on Economic Impact Payments
Through the Consolidations Appropriations Act of 2021, the Internal Revenue Service is scheduled to deliver a second round of Economic Impact Payments to eligible recipients.
Learn more.
United States Postal Service Delays
The United States Postal Service has stated it is currently experiencing delays in mail delivery. As a result, mail sent to and from Apple Bank through the USPS, including statements and tax information may be delayed.
Login or enroll to use Digital Banking (online or through our mobile app) so you can:
- Securely access and view your statements
- Monitor account balances and transactions
- Set your statement delivery preference to go paperless
- Help reduce the risk of lost, stolen or delayed mail
Meeting Your Current Banking Needs
The safety and well-being of our customers and employees is our priority. Our branches are open to provide safe continuity of service to you as we work to resume normal operations. We observe CDC guidance and take necessary safety precautions in our branches to ensure our customers and employees can continue to bank safely.
Apple Bank Participates in the New York Forward Loan Fund
Apple Bank is a participating investor in the New York Forward Loan Fund (NYFLF)*, a new economic recovery loan program supporting New York State small businesses, nonprofits, and small landlords facing COVID-19-related hardship. Read
press release.
- Determine eligibility, and begin the application process for the NY Forward Loan Fund*, by visiting www.nyloanfund.com. This is the only method to apply.
Assisting Customers Facing Hardship
Apple Bank always stands ready to support our customers who are experiencing hardship.
- Savings and Money Market Accountholders: Unlimited Convenience Transfers/Withdrawals and No Excess Transaction Fees. The Federal Reserve Board has eliminated the six-per-month transfer limitations on savings and money market accounts. Apple Bank savings and money market accountholders may make unlimited transfers and withdrawals, providing easy access to funds during the pandemic. Excess Transaction fees will not be applied at this time.
- Apple Bank Residential Mortgage Customers. If you have an Apple Bank residential mortgage being serviced by Dovenmuehle Mortgage Inc. (DMI), and are facing hardship related to the COVID-19 pandemic, please contact DMI directly at www.dovenmuehle.com, or at 1-888-442-0023 (Domestic) or 847-550-7300 (Overseas). A Dovenmuehle specialist will work with you directly on hardship circumstances and potential forbearance options.
- Customers with Apple Bank credit cards issued by First Bankcard®, a division of First National Bank of Omaha. If you have an Apple Bank-branded credit card, issued and serviced by First Bankcard, and are facing hardship related to the COVID-19 pandemic, please contact First Bankcard directly at www.firstbankcard.com, or at 1-855-550-9125. A First Bankcard specialist will work with you directly on hardship circumstances.
- Retirement Plan Contributions and Distributions Under the CARES Act. Get answers to CARES Act retirement questions in our FAQ.
Providing Answers to Your Questions
View our Frequently Asked Questions to learn how Apple Bank is responding to questions related to the COVID-19 pandemic. Also visit the FDIC’s customer FAQ page.
Cleanliness and Prevention
Apple Bank is following Centers for Disease Control and Prevention (CDC)-recommended protocols to disinfect and prevent the spread of infection. Visit www.cdc.gov for updates and necessary precautions to reduce your risk of contracting or spreading COVID-19.
Beware of Scams
Fraudsters are constantly creating new scams, especially in times of uncertainty. Their main objective is to convince you to share your personal financial information, such as account numbers, user IDs and passwords. Be alert for suspicious emails and text messages attempting to impersonate Apple Bank, and do not respond, click links, or open attachments. Apple Bank will never contact you requesting personal or banking information via email or phone. Please forward any suspicious emails you receive that may be attempting to impersonate Apple Bank to spoof@applebank.com, so we can immediately investigate them. Read helpful tips
If you believe you were a victim of fraud, please contact us immediately at 914-902-2775 so we can assist to protect your accounts. Our TDD number is 800-824-0710.
*NY Forward Loans are subject to eligibility confirmation, underwriting review, NYFLF terms and requirements, and availability of funds. Funds are limited. Apple Bank and the Community Development Financial Institution (CDFI) lender participants are not affiliates. CDFI lenders will make their own, independent credit decisions, and are solely responsible for offerings, as well as the privacy, security, and accessibility standards of their websites.