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
2.00% APY* 

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