Letters of Credit
Business Letters of Credit
PCSB Bank offers Standby/Performance Letters of Credit to assure a beneficiary for specified payments, and/or performance, such as security deposits. A letter of credit can help provide peace of mind to Lower Hudson Valley New York, Connectciut, or New Jersey vendors.
Letter of Credit Advantages
- Allows you to provide payment assurance
- You can set payment terms so both buyer and seller are in total agreement up front
- Provide protection for both buyer and seller
Contact us or visit a New York branch conveniently located throughout Westchester, Putnam, Dutchess and Rockland Counties, to get started.
Preferred Money Market Rate Special
2.05% APY*
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