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* 

This calculator may be difficult to navigate with screen readers. For assistance, please contact PCSB Bank, or utilize AIRA, our visual interpretation service.

Loan Comparison Calculator

Simplify your day-to-day business activities with wire transfers, merchant services and more.