Cross River Bank

Commercial bank · Fort Lee, United States

Cross River Bank is a New Jersey state-chartered, FDIC-insured bank in Fort Lee that runs most of its business as payment and lending infrastructure for fintech companies rather than as a branch bank. It held USD 8.53 billion of assets and USD 6.68 billion of deposits at 30 June 2026, with 938 staff and only two branches, in Teaneck and Wilmington. Partners originate loans, issue cards and open accounts on its charter, including Affirm, Upstart, Stripe and X Money, and its onchain finance unit banks Circle, Coinbase, Gemini, Fireblocks and Transak. Direct business banking is small: tiered business savings paid up to 3.50% APY in December 2025 while business money market checking paid 0.07% APY. The FDIC issued a consent order in March 2023 over unsafe or unsound fair lending compliance practices that requires written non-objection before the bank offers new credit products or partners with new third parties.

Legal name: Cross River Bank
Regulated by: FDIC (primary federal regulator, state non-member bank, cert 58410), State of New Jersey (chartering authority)
Licence confirmed: yes, on a regulator's own list
Established: 2008
Website: www.crossriver.com

Scores, 0 to 10

9.5Fintech companies that need a partner bank

Banking fintechs is the core business: the bank sponsors accounts, card issuing, acquiring BINs and lending programmes for partners including Affirm, Upstart, Stripe and X Money. · source

9.0On-ramp: buy crypto with fiat

Its crypto line offers corporate accounts, instant rails for wallet funding and 24/7 settlement, and names Circle, Coinbase, Gemini, Fireblocks and Transak as clients. · source

9.0Off-ramp: crypto to fiat in a business account

Cross River converts crypto back to fiat through direct platform integrations and settles in real time over RTP and FedNow under a bank compliance framework. · source

8.5Crypto-friendly bank

The bank publishes an onchain finance line naming Circle, Coinbase, Gemini, Fireblocks and Transak as clients and offers corporate accounts and instant funding for crypto businesses. · source

8.0United States

US state-chartered FDIC-insured bank with direct ACH, same-day ACH, Fedwire, RTP and FedNow access, but only two branches and services limited to entities based in the United States. · source

8.0Stablecoins (USDC, USDT and others)

Businesses send and receive USDC from the same bank account as fiat, with real-time mint and burn through issuer connectivity, launched November 2025 for approved partners in limited states. · source

7.0Best interest on business balances

Tiered business savings paid 1.85% APY up to 3.50% APY above USD 1 million and a 3-month CD paid 3.75% APY on a USD 500 minimum as of 17 December 2025. · source

6.0Accept crypto payments

Approved fintechs, PSPs and enterprises can receive stablecoin pay-ins credited as USD and pay merchants in stablecoins through its API since November 2025, but only in limited states and without a merchant checkout of its own. · source

5.5Startups & VC-backed companies

Cross River Digital Ventures invests in fintech startups and the Principal Finance Group supplies warehouse lines and forward-flow purchases, but the bank sells infrastructure to platforms rather than accounts to pre-revenue founders. · source

5.0Lowest fees

No business account fee schedule is published on the site; debit customers get fee-free MoneyPass ATM use and up to USD 6.00 of surcharge refunds per statement cycle, while partner pricing is negotiated case by case. · source

5.0Online businesses: e-commerce and SaaS

Merchant acquiring BINs, card issuing and processing, and push-to-card payouts are offered to merchant platforms and acquirers, but there are no foreign-currency collection accounts. The bank exposes an API-driven core called COS with sandbox access for partners, but its own business checking pays 0.07% APY, holds USD only and lists no accounting or Stripe integrations. · source

5.0Financial strength & stability

Capital is solid with a Tier 1 leverage ratio of 11.78% at 30 June 2026, but the bank carries no public credit rating, earned only USD 5.2 million in the first half of 2026 and is still under the FDIC consent order of March 2023. · source

5.0Business cards (Visa, Mastercard)

Cross River issues Visa and Mastercard debit, credit and prepaid programmes with virtual cards through BIN sponsorship for fintech partners, while the business banking page gives no card details for its own business checking customers. · source

4.0Cross-border payments, FX and multi-currency accounts

Cross-border payments go out by SWIFT, in-country local rails and push-to-card with same-day delivery for USD, GBP, EUR and CAD, but accounts are USD only and no currency count or FX margin is published. Accounts are USD only with API access, sub-accounts and IntraFi deposit sweeps, and no multi-currency holding, cash pooling or hedging is offered. · source

3.5Fast digital onboarding

Partners must enrol in the COS platform, pass due diligence, sign a service agreement and clear sandbox and production assessments. The FDIC consent order from March 2023, still reported as active in July 2026, adds a written non-objection step before a new credit-product partner is added. · source

3.5High-risk verticals (iGaming, cannabis, adult, forex)

Cross River publishes no policy on gambling, cannabis, adult or forex businesses on its business banking or card issuing pages, so the score is conservative. · source

2.5Crypto wallet and custody for a business

Cross River's stablecoin-enabled accounts ledger incoming stablecoins as USD and debit outgoing ones from the USD balance, so a company holds no crypto balance or custody at the bank, checked September 2026. · source

2.0Customer satisfaction

Trustpilot rates Cross River 1.3 out of 5 and labels the company Bad, with the visible reviews describing account freezes, fraud on partner products and no reply from support. · source

1.5Trade, manufacturing & import-export

The product set covers payments, cards, accounts, marketplace lending and capital solutions, with no letters of credit, guarantees or documentary collections listed. · source

1.5Foreign-owned & non-resident companies

Business banking runs from the New Jersey branch and international payment services are available only to business entities and consumers based in the United States. · source

1.0Bitcoin

Only approved stablecoins such as USDC are supported on its stablecoin products; no bitcoin buying, custody or transfer is offered, checked September 2026. · source

1.0Ethereum

No ether trading, custody or staking is offered; its products cover USD and approved stablecoins only, checked September 2026. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.