• Contributions may be tax-deductible
  • Contributions can be made until age 70½
  • Earnings are tax-deferred
  • Earnings and contributions are taxed at the time of withdrawal
  • Minimum withdrawals are required at age 70½
Contributions are non-deductible
Contributions can be made at any age
Tax-free earnings
No minimum withdrawals required
  • No per item or monthly maintenance fees
  • No minimum balance to earn interest
  • Deposits maintained in individual sub-accounts
  • Quarterly reports available
  • Master Account Statements available monthly in paper and electronic formats
  • Option to automatically remit management fee to landlord
  • Will not reduce principal
  • Eliminates bookkeeping burden for landlord
At any of our branches, you can: cash checks, pay bills and send or receive Western Union money transfers, purchase discounted money orders and prepaid VISA® debit cards.

  • No Bank Account Required
  • No Credit Check
  • Get Immediate Funds
  • Personal Checks
  • Printed Payroll
  • Cashier's Check
  • Money Order
  • Government Check
  • Tax Refunds
  • No Bank Account Required
  • We provide the flexibility for your cash needs that ordinary banks cannot offer.
  • Use your card at any ATM
  • Get cash back when making a purchase at most supermarkets and pharmacies
  • Notify your employer to direct deposit your salary to the card and avoid check cashing fees
  • Cash your check and load money onto your debit card at no additional cost
At Carver, you can pay your bills in cash anytime at any of our branches. Paying your bills in person provides several benefits:

  • Receive a receipt for your payment
  • Avoid late fees or service charges
  • Pay multiple bills in one location
  • Know your bill is paid
  • Take care of other errands at the same time

Same -day, next -day and three -day payment options are available from New York's leading walk-in payment provider

  • The most authorized billers including utility companies
  • MasterCard® and Visa® cards bill payments
  • Prepaid cellular and credit cards
Send or receive money with Western Union, the leader in global money transfers. With service to over 180 countries around the world, transferring money to a loved one has never been easier!
Transfer money person- to- person around the world or within the U.S.

Choose between:

  • Money in Minutes
  • Next- Day Money Transfer
  • Service to over 180 countries

Pay easily and securely with Carver’s Digital Wallets.

With a quick tap of your smartphone, you can use your Carver card to pay at millions of locations that accept mobile payments.

Enhanced Security

Your purchases are safer than ever. Digital wallet security features include randomized payment codes, as well as masked card data. The data stored in digital wallets is encrypted, meaning that no actual card number is transmitted when a purchase is made.

How to Start with Apple Pay

  • First, download the app from the Apple Store or check to see if it is already installed on your phone.
  • Open the Wallet app.
  • Tap the”+” sign in the upper-right corner and follow the on screen prompts.
  • If your card is currently affiliated with an iTunes account, you may enter that card’s security code to add it.

To use Apple Pay in stores:

  • Look for the contactless and Apple Pay symbol at the register.
  • Hold your iPhone near the contactless reader with your finger on Touch ID
  • Keep your phone by the contactless reader until it vibrates and beeps indicating your payment was accepted
  • Make your Carver card your default payment card for Apple Pay today - Just go to Settings > Wallet & Apple Pay, tap on Default Card and select your Carver card.

In participating apps, checking out is as easy as selecting Apple Pay and placing your finger on Touch ID.

Please keep in mind the following about Apple Pay:  For security purposes, Apple Pay uses a Device Account Number which is a unique number assigned to each card.

How to Start with Google Pay 

  • First, download the app from the Google Play store or check to see if it is already installed on your phone.
  • Open the app and follow the on screen prompts.
  • Google Pay works on Android devices running KitKat 4.4 or higher.

To use Google Pay in stores:

  • Look for the contactless symbol at the register
  • Unlock your phone and hold it near the participating merchant's card reader
  • You will see payment confirmation right on your phone
  • In participating apps, checking out is as easy as selecting Google Pay.

Make your Carver card your default payment card for Google Pay today -  Select your Carver card in the Google Pay wallet and just click “set as default card”.

Please keep in mind the following about Google Pay:  For security purposes, your device does not send your actual card number with your payment. Instead, Google Pay uses a virtual account number to represent your account information.

How to Start with Samsung Pay 

  • First, download the app from the Google Play store or check to see if it is already installed on your phone.
  • Open the app and follow the on screen prompts.
  • Samsung Pay works on Android devices running Android 9.0 or higher, with NFC or MST support, a Samsung account and a registered fingerprint or Samsung Pay PIN

To use Samsung Pay in stores:

  • Look for the contactless symbol at the register
  • Unlock your phone choose PIN or IRIS and then enter the required security information. Or if you have fingerprint security set up, simply place your finger on your phone's fingerprint scanner. or fingerprint and hold it near the participating merchant's card reader

FAQ

What is a digital wallet?

Digital wallets are applications on a mobile device which allow you to store your payment card information, and then use your mobile device to make a payment instead of using your card.

Which digital wallets can Carver cards be enrolled into?

Depending on the device used by the cardholder, cards can be enrolled into Samsung Pay, Apple Pay or Google Pay.

What do I do if I get a replacement credit or debit card with a new number?

Follow the instructions within the digital wallet to delete your old card and then add your replacement card as the new card.

Is my device eligible?

Apple Pay - To use Apple Pay make sure your device is running iOS 8.1 or higher.

Google Pay – To use Google pay you must have an NFC-enabled Android device running Android OS 4.4 (KitKat) or higher.

Samsung Pay - Samsung Pay is only available on select phone and watch models. To use Samsung Pay Samsung Pay on your smart watch with a non-Samsung phone, you must update to Android 6.0 or higher.

 Does it cost anything additional for me to use a digital wallet?

No, there is no additional cost from Carver Bank to use your card in the wallet. You require an active data plan or Wi-Fi connection to add your card to digital wallet. Based on your mobile plan and network, additional message and/or data charges may apply.

What if I lose my mobile device?

Please contact us and we will disable the card on your missing device.

How Secure Are Digital Wallets?

Apple Pay, Samsung Pay, and Google Pay allow you to make easy and secure transactions in stores, apps, and on the web. The wallets are designed with security and privacy in mind, making it more simple and secure to pay than with your physical card. The physical card details are never passed through the merchant during a transaction.

Where can I use Google Pay?

Check out https://pay.google.com/about/where-to-use/ to see a full list of where Google Pay is accepted.

Where can I use Apple Pay?

Check out https://www.apple.com/apple-pay/where-to-use/ to see a full list of where Apple Pay is accepted.

Where can I use Samsung Pay?

Check out https://www.samsung.com/us/samsung-pay/ for more information