Municipal Banking
Done Right.

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Blue Foundry Bank understands what it takes to manage the finances of municipalities and that's why we make every attempt to make municipal banking as effortless as possible. With Blue Foundry Bank at your side, you have access to the right tools, your funds are 100% insured under the Governmental Unit Deposit Protection Act (GUDPA), and there are no analysis fees.
Blue Foundry Bank understands what it takes to manage the finances of municipalities and that's why we make every attempt to make municipal banking as effortless as possible. With Blue Foundry Bank at your side, you have access to the right tools, your funds are 100% insured under the Governmental Unit Deposit Protection Act (GUDPA), and there are no analysis fees.

FEATURED SERVICES:

  • Dedicated Municipal Banking Specialist
  • Escrow Solutions
  • Free Wire Transfers
  • Remote Deposit Capture
  • Business Banking Solutions with Payroll Processing
  • Sweep Accounts
  • Fraud Protection with Positive Pay

For more information, please call us at: 888.612.9858

MUNICIPAL MONEY MARKET


We craft our accounts with purpose, like this specially designed Money Market for municipalities with market-leading rates and no monthly fees.

  • No monthly maintenance fees1

  • Minimum opening deposit of $100

  • Interest earned on all balances


Call for rate quotes.

Featured Services

ESCROW SOLUTIONS


Whether you are a municipality, attorney, or property manager, this free ZEscrow digital tool is the ideal solution to simplify your escrow needs. It saves time by providing you with the ability to securely organize documents, receive automated notifications, and virtually manage escrow and sub-accounts, all in one place with anytime access.

  • Open, manage, transfer funds and close sub-accounts

  • Automate delivery of statements, interest tracking and IRS reporting

  • Customize interest calculation and splitting

  • Organize sub-accounts to simplify tracking

  • Invite beneficiaries to complete account documents online

  • Access to detailed reports and statements

FREE WIRE TRANSFERS


This secure and convenient service allows you to electronically send money to a person or company across the country or across the world. It’s a safer alternative to checks or money orders.

REMOTE DEPOSIT CAPTURE


Save time and improve cash flow by depositing your checks right from your office. It’s easy to do. Simply scan the checks into your account from a scanner that we’ll place at your location.

BUSINESS BANKING SOLUTIONS


Our Business Banking Solutions product, in partnership with FINSYNC, gives you access to a range of back-office tools, all in one convenient location.

  • Get paid faster and pay bills easier

  • Accept credit card payments your way

  • Process payroll with confidence and lower cost

  • Automate accounting and cash flow with ease


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SWEEP ACCOUNTS


Earn higher interest rates, improve liquidity and efficiently manage your finances with our Sweep Accounts solution. This service allows you to easily organize your funds within multiple deposit and/or loan accounts. The main account is first setup with a balance threshold, which could even be as low as zero. After your daily transactions are complete, funds left in your main account are automatically transferred to or from your sub-account(s) so that you can earn more interest on your operating cash.

POSITIVE PAY


Reduce your risk of fraud with this service that electronically compares the checks issued each day with the information in your account. Discrepancies are flagged and reported to help prevent check altering and forgery.


1 Avoid a $5 monthly statement fee by enrolling in eBanking and selecting eStatements.


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