WebsterBank

A community-minded, values-guided bank

Our heritage dates back to 1935, when 24-year-old Harold Webster Smith founded the bank with $25,000 borrowed from family and friends. Then known as First Federal Savings and Loan of Waterbury, Connecticut, our purpose was to help make homeownership a realistic dream for people, and our values centered on putting people first.

Over the years, we have expanded to become a leading regional bank in the Northeast with over $25 billion in assets and 163 banking centers from greater New York City to Boston. Today, we offer the full range of financial services, delivered by close to 3,000 employees.

But while we have grown, our core values have remained unchanged. We still put people first -- acting with responsibility, respect, ethical behavior, citizenship and teamwork. We call these principles The Webster Way. They bring us together, set us apart, and create an unshakeable core that is unique to Webster.

By following The Webster Way, we ensure that we’re living up to our customers and each other.

The Webster Way®

  • We take personal responsibility for meeting our customers’ needs.
  • We respect the dignity of every individual.
  • We earn trust through ethical behavior.
  • We give of ourselves in the communities we serve.
  • We work together to achieve outstanding results.
Identification Required to Open a New Account
Description of your identification policy: 
1 primary form of Identification is required such as Drivers Lic, State ID, Passport or we can accept 2 forms of secondary Id from a long list of options including employee picture ID, State Benefits Id, Lease or Utilities Bill
IDs acceptable to open account: 
Yes
What other IDs are valid to open an account: 
Permanent Resident Card (Form I-551) with photo.
What other IDs are valid to open an account: 
U.S. non-Immigrant Visa and Border Crossing Card (Form DSP-150) with photo.
What other IDs are valid to open an account: 
INS Employment Authorization Card (Form I-766 or I-866) with photo.
What other IDs are valid to open an account: 
U.S. Military ID Common Access Card (with photo).
What other IDs are valid to open an account: 
U.S. Armed Forces ID.
Other forms of identification that are valid to open an account: 
Partial List Provided above. We rarely have situation were a prospective depositor can not provide the something from the list of secondary forms of ID to qualify for an account.
Savings Account Features
Monthly Maintenance Fee: 
Free, no monthly maintenance fee.
Minimum opening deposit: 
$5.00
Ability to have an automatic transfer (auto-save) from other accounts: 
Yes
Free Out of Network ATM Usage: 
No
Considers Chexsystems if less than 6 months: 
Case-by-case basis
Other Bank Products and Services
Outgoing International wire transfers: 
Yes
Cost of wire transfer: 
$40.00
Remittances to foreign countries available: 
Yes
Cost of remittance: 
$20.00
Free On-Line Banking: 
Yes
Mobile banking available: 
Yes
Monthly statements : 
Paper statements: $2.00; Electronic statements: No additional cost; However customer may come into a banking center at any time and request a paper statement for free.
"Help" phone line hours: 
24/7/365
Language assistance available (not necessarily in person): 
Yes
Languages: 
Spanish, Portuguese, Russian, Vietnamese, Cambodian, Mandarin, Cantonese
Incentives available for completing financial education training: 
our Bank power program for this account requires that depositor completes a financial education either with a Local Non Profit agency or the Webster Financial Education "Making Cents of Banking" which can be administer at the local office.
 

 

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