Piermont Bank

What is Piermont Bank?

Piermont Bank is an online, FDIC-insured commercial bank. It provides business checking accounts and cash management services to small businesses, startups, and other entrepreneurial organizations. Unlike other retail banks, Piermont offers specialized banking services that utilize relationship managers.

Piermont’s small business checking accounts can handle daily transactions, payments, competitive APYs (3.25%), and cash flow requirements in an integrated way with current financial tools. Small businesses can operate online bank accounts, but also require personal banking assistance for more complex banking requirements.

Piermont Bank design.

Piermont provides its own platform for business account creation, making it a great fit for founders and operators who want only remote banking solutions. The account facilities are designed with efficiency and scalability in mind.

Is Piermont Bank legit?

Piermont Bank was established in 2019, with its headquarters in New York City. It is not a credit union; instead, it is a state bank and an FDIC-member bank, meaning deposits are insured up to $250,000 per depositor and account category.

Piermont has earned a reputation with startups, SaaS businesses, and small companies seeking a financial institution that understands venture capital funding, growth capital challenges, and contemporary financial processes. It is known for its relationship-building philosophy and ability to communicate about fees and account disclosures.

How much does Piermont Bank cost?

Piermont Bank business checking pricing varies by account type and business needs, but entry-level business checking options start with low or no monthly fees.

Starting price:

$0 (select business checking accounts)

Free trial:

Not Available

Free version:

Available

Piermont Bank embedded banking.

What’s included in every Piermont Bank plan?

• Online and mobile banking access
• Digital transaction management
• ACH and wire transfer capabilities
• Bill pay and payment tools
• FDIC insurance up to applicable limits
• Relationship manager support

Which features does Piermont Bank offer?

Checking Accounts for Small Business Features
	Online & Mobile Banking
	Business Banking Services
	Competitive Interest Rates
	FDIC Insurance
	Customer Experience

Other notable Piermont Bank features

• Business checking accounts
• Digital cash management tools
• Debit card access
• Business credit cards
• Embedded banking

What types of support does Piermont Bank offer?

	Data Migration
	1-on-1 Live Training
	Self-Guided Online Training
	Knowledge Base
	FAQs/Forum
	Email Support
	Live Chat
	Phone Support

Piermont Bank user review highlights

We analyzed 38 user reviews about Piermont Bank from two third-party review websites to provide this summary.

Customer and employee satisfaction at Piermont Bank differ significantly, according to an analysis of consumer and employee reviews. Concerning customers, there have been some negative comments about frozen savings accounts, charge disputes, and loan-related issues. Some small business owners have complained that funds were held for a long time based on what they considered normal transactions, and there have also been claims of struggles to resolve issues, a lack of support, and dissatisfaction with how loan terms and account actions were handled, which have impacted perceptions of poor transparency and responsiveness.

On the other hand, employee reviews are overall positive. Employee feedback often praises the positive company culture, accessible leadership, learning features, and focus on personal development. Employee reviewers also appreciate the teamwork-driven company culture, flexible work options, and the growing pains of working in a smaller company that may lack office space. Although employee reviews show a positive company culture, customer reviews suggest potential hurdles in account management, case resolution, and communication.

• Ease of Setup – Customers have reported instances where the process went smoothly, while others experienced unexpected account freezes following approval, suggesting that account activity may influence the outcome.
• Ease of Use – In everyday banking, transactions can become problematic for some customers once their accounts are flagged for “unusual activity,” as there is nowhere for the money to go while the issue is being resolved, causing inconvenience for some small business owners.
• Features – Piermont Bank is a lending and business banking provider, including commercial real estate (CRE) lending, but its delivery of some unique features, such as transaction tracking for borrowers, can feel restrictive or confusing for some users.
• Quality of Support – Complaints about customer reviews often include difficulties reaching support staff and resolving complaints; some Piermont Bank reviews complain about the lack of communication through channels other than email, while employee reviews praise management as communicative.
• Value for Money – Even if Piermont is of some use to the kind of firms with simple banking requirements, customers who have been subjected to account holds, charge disputes, or loan problems report a substantial negative impact on their finances despite the bank’s competitive rates.

Piermont Bank Contact Information

Parent Company:

Piermont Bank

Headquarters:

New York , NY

Year Founded:

2019

Website:

piermontbank.com/

Facebook:

facebook.com/profile.php?id=61573801531140

Instagram:

instagram.com/PiermontBank/

Twitter (X):

x.com/PiermontBank

LinkedIn:

linkedin.com/company/piermontbank/

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