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About Us

  • Once your line of credit is approved, you will receive your welcome package in the mail. We can mail a check for your initial advance or, if you have a checking or savings account with Presidential, we can deposit your initial advance directly into your account. Checks for accessing the line of credit will be mailed separately. After your account has been opened you will receive a monthly statement. Each monthly statement will show the applicable finance charge. Payments are due on the 10th of each month.

    To learn more about your borrowing power start with the loan calculator. The loan calculator allows you to analyze your securities and potential line of credit without providing any personal information and will provide you with your estimated maximum loan amount. It is important to know that the loan calculator only provides estimates of the amount of your available credit. Your actual maximum loan amount will be calculated after your loan documents have been submitted.

    FundCash, offered by Presidential Bank, provides lines of credit and securities custody services to mutual fund investors.

    By opening a FundCash line of credit, you can have the cash you need at your fingertips as you continue to stay invested in your mutual funds.

    The FundCash team at Presidential Bank strives to provide the highest quality of service to customers. Presidential’ s Trust Custody Department handles setting up new lines of credit, servicing existing lines of credit, and processing securities transactions. This includes the initial transfers of collateral into bank custody, reporting customer account values, dividends, and capital gains distributions, and executing customer-directed purchases and redemptions.

    How does the Apply Online process work?
    Online account application makes the process simple.

    Step 1

    Personal Information

    Step 2

    Security Information

    Step 3

    Prepare Official Documents

    Complete the online form that requests personal information about you and any co-applicant.

    Complete the online form for each pledged security or brokerage account. The form asks you for account information with security tickers and numbers of shares.

    Your application will be reviewed by the Trust Department, and we will reach out to you by the end of the next business day to review your application and borrowing goals.

    In order to complete the account set up, the Bank will provide documents for you to sign, have notarized and then return to the Bank. Your fund positions are then transferred into bank custody, FundCash will calculate the maximum amount of your line of credit, and you will be notified as soon as your line of credit is approved.

  • Presidential Bank was organized in 1985 as an affiliate of a mutual fund group, so we unerstand the mutual funds business. Presidential's assets are about $300 million. Our main office is located in Bethesda, Maryland. We have branches throughout the metropolitan Washington, DC area. Presidential is a privately held, entrepreneurial organization.

    On October 6, 1995, Presidential® became the first bank in the United States to offer bank accounts over the Internet. In 1997, Presidential was one of the earliest banks to offer real time online PC banking services, such as balance look-up, recent account transactions, and money transfers between accounts. Presidential also offers a unique, proprietary online archive of historical bank account statements and check images.

    Presidential Bank is a Federal Savings Bank regulated by the U.S. Office of Thrift Supervision. Our deposits are insured by the Federal Deposit Insurance Corporation (FDIC). Presidential has compiled an impressive record of home mortgage lending and commercial lending. Since 1995, Presidential has been one a limited number of financial institutions in the nation rated "Outstanding", the highest category, under the federal Community Reinvestment Act, based upon its record of meeting community credit needs.

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