We acknowledge the difficulties that many communities experience regarding obtaining banking services as America’s socially responsible bank, committed to delivering financial services and campaigning for economic justice for all. We’re on a quest to lead you in the right direction. So, if you want your money to support environmental causes, nonprofits, progressive candidates, and socially responsible businesses, join the Amalgamated Bank of Chicago review.
ABOC
Amalgamated Bank of Chicago, founded in 1922 by the Amalgamated Clothing Workers Union, has always been committed to helping America’s working people. They are a few U.S. banks dedicated to the labor community, with considerable union ownership.
Amalgamated Bank of Chicago is a reputable financial institution. They provide a broad range of services to fulfill a wide range of commercial and consumer banking needs, including loans, checking and savings accounts, credit cards, cash management, and trust services.
In addition, through an interactive instructional money management program, they collaborated with community organizations to provide financial literacy to the community.
Procedures for Opening a New Account
Federal legislation compels all financial institutions to gather, verify, and record information that identifies each person who opens an account to assist the government in combating the funding of terrorism and money-laundering operations.
Whenever you open an account, they will ask you a few questions, your name, address, and other information that will allow them to identify you. Your driver’s license or other kinds of identification may also be requested.
Personal Banking
Amalgamated Bank of Chicago recognizes the importance of your banking. They are your loyal and trusted banking partner, whether you are taking out your first loan or saving for the future.
ABOC can help you decide which of our complete personal banking products is suitable for you, from savings accounts to debit cards, loans, mortgages, IRAs, and money markets. Contact your banker right away for further information.
ABOC: Privacy Policy
Neither of your personal or account information will be accessed when you explore the public portions of their website. Instead, they’ll collect information on website activity, such as how many people have visited the interface and how long they stay.
No personal information is associated with visitor data, which is collected in aggregate and anonymously.
ABOC: Online Banking
Amalgamated Bank of Chicago offers online banking services. They have access to your information, as do the other organizations they deal with, to deliver these services to you. Depending on what is required to serve you, data is stored on their system or the system of a suitable outside organization.
To keep online banking secure and protect your personal information, they use cutting-edge internet technology sponsored by third-party companies.
To access your accounts, they will need an I.D. and a password. They also use the ABOC Link Enhanced Security Solution, which adds an extra degree of security to your online account by confirming that you’re on our legitimate site.
ABOC: Platinum Rewards Mastercard
While working on an exciting new set of benefits and features, ABOC has temporarily halted accepting applications. Keep an eye out!
You can keep making purchases and using the capabilities of your ABOC Platinum Rewards card if you already have one. You can email bankcard@aboc.com if you have any queries or issues.
ABOC: Personal Savings
See which ABOC savings choices work best for you, whether you’re saving for education, a new car, or a new home.
Statement Savings
- Minimum initial deposit: $250
- Extra deposits can be made at any time and in any quantity.
- Withdrawals can be made in any quantity and at any time, whether done in person or at an ATM.
Premium Statements Savings
- Minimum first deposit: $1,000
- Extra deposits can be made at any time and in any quantity.
- Withdrawals can be made in any quantity and at any time, whether done in person or at an ATM.
Exclusive Savings
- Minimum initial deposit: $2,500
- Extra deposits can be made at any time and in any quantity.
- Withdrawals can be made in any quantity and at any time, whether done in person or at an ATM.
What is the procedure for reporting a suspicious incident?
Follow these actions if you receive any suspicious messages from or concerning Amalgamated Bank of Chicago or if you have a security event involving ABOC or aboc.com:
Please call 800-365-6464 if you have any problems with your credit card.
Please call us at 866-440-2086 if you have any other security concerns. Your information will be shared with a security expert.
ABOC: Use Restrictions
As a condition of using the ABOC website, you warrant to ABOC that you will not use it for any purpose that is prohibited by these terms, conditions, and notices.
Furthermore, you may not use the ABOC website in any way that could damage, overburden, or interfere with any other person’s use of the ABOC website.
Final thoughts
ABOC has cultivated deep links to their customers and community for more than a century, serving the financial needs of numerous businesses, organizations, institutions, and individuals, many of whom have been with them for many generations.
Their expert bankers have developed these ties based on profound trust, in-depth knowledge, and highly tailored and responsive service.
FAQ
What is the full form of ABOC?
The full form of ABOC is Amalgamated Bank of Chicago.
When ABOC was founded?
ABOC was founded in 1922 by the Amalgamated Clothing Workers Union.