OceanFirst Bank has $5 billion in assets along with $4 billion in deposits, classifying it as a large bank. OceanFirst Bank is a federally-chartered stock savings bank that has branches located in Ocean, Monmouth, and Middlesex Counties, New Jersey. 1999-2023 PayPal, Inc. All rights reserved. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. 1x points monthly per $1 spent On other eligible purchases. Once you have a PayPal Cash Card, PayPal will begin to deposit your funds into a pooled account held by PayPal at an FDIC-insured bank. After all, PayPal offers convenience and a digital-first experience. Log into Digital Banking via OceanFirst.com or our app, 2. The company that sent it never got it and now paypal says there is nothing they can do. And more often than not when I log in the app will show me inaccurate balanced in my accounts. Whether you prefer desktop or smartphone, home office or even your floor, go ahead, call your best friend. Trident has been a leader in delivering superior commercial and residential title services. If you want the protection and convenience of a bank checking account or credit union share draft account, PayPal may not be the best choice. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. and residential financing solutions, trust and asset management and deposit services. All Rights Reserved. Copyright 2022 . 62 reviews. No separate app! By providing your email address below, you are providing consent to OceanFirst Financial Corp. to send you the requested Investor Email Alert updates. OceanFirst Bank employees rate . Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. investorrelations@oceanfirst.com, Investor Relations 1. So, go ahead. 7506mfitzpatrick@oceanfirst.com. OceanFirst Bank, N.A. I have TWO little babies, YOU are withholding my money. (the "Bank"), today, announced. But if you want a full-service banking experience, using PayPal as your bank account may not provide the range of services and tools you need. 2023 Forbes Media LLC. (877) 724-6454 driven organically complimented by the completion of seven whole bank acquisitions since 2015. OceanFirst Financial Corp. plans to close 13 retail branches, a move stemming from the latest in a series of bank acquisitions made in recent years . PayPal allows you to connect an external bank account, credit card and debit card and use the service to shop online securely. We encourage you to review their privacy and security policies which may differ from OceanFirst Financial Corp. Transaction to include approximately $124 million in deposits and $14 million of loans, based on June 30, 2021 balances, First Bank and OceanFirst Bank Announce Definitive Agreement for First Bank to Acquire Two Branch Locations in Central New Jersey Region, Deposit premium of 2.00% on total deposits, and 2.21% on core deposits (utilizing deposit data as of June 30, 2021), Transferred loans have a weighted average yield of 3.79% as of June 30, 2021, Projected fully phased-in EPS accretion of $0.10, or 6.74%, Projected 2023 return on invested capital of 17.67%, Pro-forma loan to deposit ratio equal to 97.56% after acquisition (utilizing loan and deposit data as of June 30, 2021), Projected tangible book value dilution at closing of 1.25% and an earnback of approximately two years, Projected tier 1 ratio reduction at closing of 32 basis points. Anything similar? For information about ESG at OceanFirst, please use the ESG link in our navigation. And it was one of the first companies to make it possible for people to easily and securely shop online and send money to people electronically. THEY CANT BECAUSE THEY NO LONGER HAVE THE $$ PAYPAL does!! Find Branches Near Me. OceanFirst Bank delivers commercial and residential financing, treasury management, trust and asset management, and deposit services and is one of the largest and oldest community-based financial institutions headquartered in New Jersey. View account balances and transaction history, Turn on the Quick Balance widget on your smartphone or watch and get a balance update with the touch of your finger, Deposit checks without a trip to the branch, Purchase rebate offers based on where you shop, Customize your own reports or link your account activity to your personal finance software, such as Quicken or QuickBooks, Grant additional users controlled access to your accounts and set transaction limits, Use eBills to view bills online, receive payment reminders, Restrict usage to specific types of merchants, Access within our Mobile App and Online Banking, Send money directlyfrom your account totheirs, typically in minutes, Send and receive money with Zelle right from Digital Banking online or our mobile banking app, There are no fees tosend money with Zelle from our online ormobile banking app, TRANS to Transfer funds to primary account. SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. Find out what works well at OceanFirst Bank from the people who know best. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. No, you don't need a bank account to sign up for PayPal or to receive payments. Thesafe, secure, & convenient way to keep tabs on your debit card transactions. I would recommend continuing to reach out to our Customer Support teams as they're the best equipped to handle this concern. Using PayPal in addition to a bank account, not PayPal as a sole bank account, may provide the best functionality. The transaction is subject to regulatory approval and is expected to be completed during the fourth quarter of 2021. Further, certain factors that could affect future results and cause actual results to differ materially from those expressed in the forward-looking statements include, but are not limited to: the ability to successfully implement a growth strategy, including identifying acquisition targets and consummating suitable acquisitions; continuing to sustain internal growth rates; provide competitive products and services that appeal to customers and target markets; difficult market conditions and unfavorable economic trends in the United States generally, and particularly in the market areas in which First Bank or OceanFirst Financial operates and in which their loans are concentrated, including the effects of declines in housing market values; the impact of disease pandemics, including COVID-19, on operations and customers and employees; an increase in unemployment levels and slowdowns in economic growth; levels of nonperforming assets and the costs associated with resolving any problem loans including litigation and other costs; changes in market interest rates may increase funding costs and reduce earning asset yields thus reducing margin; the impact of changes in interest rates and the credit quality and strength of underlying collateral and the effect of such changes on the market value of investment securities portfolios; the extensive federal and state regulation, supervision and examination governing almost every aspect of First Bank's and OceanFirst Financials operations including changes in regulations affecting financial institutions, and expenses associated with complying with such regulations; uncertainties in tax estimates and valuations, including due to changes in state and federal tax law; the ability to comply with applicable capital and liquidity requirements, including the ability to generate liquidity internally or raise capital on favorable terms, including continued access to the debt and equity capital markets; possible changes in trade, monetary and fiscal policies, laws and regulations and other activities of governments, agencies, and similar organizations. Ms. Jill Apito Hewitt, Transfer Agent Located in Flemington and Monroe, the two branches will enhance First Banks existing New Jersey footprint and further strengthen its presence along the New York City to Philadelphia corridor. First they made a mistake with my morgatages escrow. Using contactless pay is hands down the safest way to shop. Cash app says the routing number is linked to oceanfirst bank. It offers the ability to make transactions in 25 currencies. You will be linking to another website not owned or operated by OceanFirst Financial Corp. We do not control these sites and do not guarantee the accuracy, completeness, efficiency or timeliness of the information contained therein. By browsing this website, you consent to the use of cookies. This bank is horrible. Thank you for your interest in OceanFirst. And nobody seems to be able to help us. PayPal offers several financial services and products that may serve the banking needs of some people. | Source: How do I set up Direct Deposit with my PayPal Debit Card? Performance information may have changed since the time of publication. Also, OceanFirst Bank has an overdraft fee of $38.00, which is the average overdraft fee charged by U.S. banks. OceanFirst Bank provides financial services throughout New Jersey, and in the major metropolitan markets of New York, Philadelphia, Baltimore, Washington D.C., and Boston. Please bring it back, it makes the app so much easier and fluid. Direct Deposit enables you to receive a portion or all of your paycheck or government payment automatically into your PayPal balance. You can use OceanFirst Bank's app to control your finances by checking account balances, sending and receiving funds as well as accessing support representatives. When a component rating is unavailable, the overall rating is calculated as an average of the remaining available ratings. To learn more about OceanFirst, go to www.oceanfirst.com. You can sign up for additional alert options at any time. . You might be using an unsupported or outdated browser. bank operating throughout New Jersey, greater Philadelphia and metropolitan New York. OceanFirst Bank does not have the best savings rate, which means you should think about looking elsewhere for banks that deliver more return for your money. So I just tried to link my PayPal to my other account and now my other account is frozen due to it saying that PayPal is an Oceanfirst bank account idk whats going on but it needs to be fixed quickly. Turk & Co. served as financial advisor to OceanFirst Financial Corp. and Giordano, Halleran & Cielsa PC served as legal counsel. OceanFirst Financials subsidiary, OceanFirst Bank N.A., founded in 1902, is a $11.5 billion regional bank providing financial services throughout New Jersey and in the major metropolitan markets of Philadelphia, New York, Baltimore, Washington D.C. and Boston. 7516 Zelle is available right from your online and mobile banking account and conveniently located in the same place where you pay your bills. While. There are no guarantees that working with an adviser will yield positive returns. is an American regional bank subsidiary of the U.S. financial services holding company OceanFirst Financial Corp founded and headquartered in Ocean County, New Jersey, with operations throughout New Jersey, and in the major metropolitan markets of Philadelphia, New York City, Baltimore, Washington D.C., and Boston. Use it tohelpwhip your financesinto shape. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that First Bank or OceanFirst Financial, or persons acting on First Banks or OceanFirst Financials behalf, may issue. First Bank's common stock is listed on the NASDAQ Global Market under the symbol FRBA.. 18% of OceanFirst Bank employees are Hispanic or Latino. This is literally INSANE! Brentwood, NY 11717 (OceanFirst Bank), the banking subsidiary of OceanFirst Financial Corp. (OceanFirst) (NASDAQ: OCFC), today announced the execution of a definitive agreement whereby First Bank will acquire two New Jersey branch locations from OceanFirst Bank. We offer banking at your fingertipsor paws. The company was founded in 1902 and is headquartered in Toms River, New Jersey., and . If you want FDIC insurance for your PayPal balance, your best option is to request (and receive) a PayPal Cash Card. The best part? 2x points per $1 spent 1 in your top two spend categories each month - Automatically. Feb 19, 2020. 5 Zelle is not accessible during the first 17 days after Digital Banking access is granted. It takes absolutely forever to log into the app. OceanFirst Bank is a regional 20,000 bonus rewards points (equal to $200) rewarded when you spend $500 within the first 90 days of account opening 2. You must click the activation link in order to complete your subscription. Add and verify your OceanFirst Debit Card on your device's mobile wallet. It's a win-win! All investing involves risk, including loss of principal. PayPal also doesnt offer the same range of financial products and experiences as a full-service bank. TPG provided me with a tracing number as proof it was sent to PayPal and the correct again. OceanFirst Bank is a FDIC-insured bank with certificate number of 28359. Any forward-looking statement speaks only as of the date on which it is made, and First Bank and OceanFirst Financial do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. 4 In order to send payment requests or split payment requests to a U.S. mobile number, the mobile number must already be enrolled with Zelle. About this app. This press release contains certain forward-looking statements, either express or implied, within the meaning of the Private Securities Litigation Reform Act of 1995. Thank you for contacting the PayPal Community Forum and welcome as a new member! Updated Feb 25, 2020, 8:27am EST. The transaction is expected to close on March 1, 2022. Factors which could have a material adverse effect on the operations of the Company and its subsidiaries include, but are not limited to: the impact of the COVID-19 or any other pandemic on our operations and financial results and those of our customers, changes in interest rates, general economic conditions, levels of unemployment in the Banks lending area, real estate market values in the Banks lending area, future natural disasters and increases to flood insurance premiums, the level of prepayments on loans and mortgage-backed securities, legislative/regulatory changes, monetary and fiscal policies of the U.S. Government including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System, the quality or composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Companys market area, accounting principles and guidelines and the Banks ability to successfully integrate acquired operations. Mobile Banking The anytime, anywhere app that has everything you need. All rights reserved. Access your account information safely and securely anytime, anywhere with the convenience of Mobile Banking from OceanFirst Bank. Broadridge Corporate Issuer Solutions, Inc. The rating was last updated on 10/19/2021. I am going through the same thing. Unacceptable and unreliable to have a mobile banking app that doesn't work well. This app may share these data types with third parties, Location, Contacts, and Device or other IDs, App info and performance and Device or other IDs. iPhone and iPad is a registered trademark of Apple Inc. Android is a trademark of Google Inc. We mean it when we say you can bank from just about anywhere - from your home office desktop or anywhere your laptop will travel. Text alerts andcommands are a smart choicewhen it comes to wanting instant access to your account information. 975 Hooper Avenue ET; Saturday, and 8:00 a.m. to 5:00 p.m. All you need is an internet-enabled iPhone, iPad, iPod Touch or AndroidTM mobile device. We offer banking at your fingertipsor paws. With a score of 4.2 stars out of 5, OceanFirst Bank should be solidly in contention for your choice of bank. Information provided on Forbes Advisor is for educational purposes only. Well they claim Bancorp and Wellsfargo does their banking, the routing number is linked to OCEANFIRST BANK in NJ. You must click the activation link in order to complete your subscription. shareholder@broadridge.com. The two branches will continue operating as OceanFirst Bank branches until the transaction is approved and completed. On average, OceanFirst Bank charges customers extremely low fees in comparison to the national average. Ben is based in Des Moines, Iowa. Troutman Pepper provided legal counsel to First Bank and Luse Gorman, PC provided legal counsel to OceanFirst Bank. Mitch has more than a decade of experience as personal finance editor, writer and content strategist. OceanFirst Bank, as a financial institution, has a responsibility for protecting customer financial assets and mitigating fraud. Was this article helpful? Options Temp20221018B New Community Member Posted on Oct-18-2022 02:03 AM I have money being transferred from my cash app account to my PayPal account. FIRST BANK CONTACT: Enroll in Zelle and start sending and receiving money with friends and family! OceanFirst Bank (NJ) Review | Review, Fees, Offerings | SmartAsset.com SmartAsset's experts review New Jersey's OceanFirst Bank. OceanFirst Bank started in 1902 with its headquarters in Toms River, New Jersey. In addition, the transaction is consistent with OceanFirsts long-term retail banking strategy, which envisions a mix of robust digital and branch-based solutions tailored to the needs and convenience of customers, while optimizing the efficiency of the branch portfolio. We'd love to hear from you, please enter your comments. Welcome to the redesigned OceanFirst Financial Corp. investor relations website. # # # Media Inquiries Marci Maule Housley Mpact Group 425.495.7413 marci@mpact-group.com Not very reliable at all. There are no limits, no fees, and it's free to set up with PayPal. Data privacy and security practices may vary based on your use, region, and age. Accordingly, you should not place undue reliance on any such forward-looking statements. Toms River, NJ 08753-8320 Every single time I call and end up screaming because the last response I got was no one could help me yet. After submitting your request, you will receive an activation email to the requested email address. Unfortunately, we are currently unable to find savings account that fit your criteria. I would suggest contacting us via Facebook - https://www.facebook.com/PayPal/, Twitter - @AskPayPal., chat or phone and we would be happy to advise. Uncover why OceanFirst Bank is the best company for you. Transaction to include approximately $124 million in deposits and $14 million of loans, based on June 30, 2021 balances HAMILTON, N.J. and RED BANK, N.J., Aug. 04, 2021 (GLOBE NEWSWIRE) - First Bank (NASDAQ: FRBA) and OceanFirst Bank, N.A. Depending on what you need from your banking relationship, PayPal may or may not cover all of the bases. OceanFirst Bank Smart Business Rewards Card See terms & conditions. By providing your email address below, you are providing consent to OceanFirst Financial Corp. to send you the requested Investor Email Alert updates. That, and keeping your desk clutter free. To enroll, log into Online Banking and click first on Notifications, then Settings. And they confirmed that my money was never refunded back to the company that sent it and that the money was in deed still with paypal. OceanFirst will host a conference call to discuss the proposed transaction on Thursday, November 4, 2021 at 11:00 a.m. Eastern Time. We would like to learn more about your experience with the fingerprint sign-in feature and would appreciate it if you could call us at 888-623-2698. OceanFirst Bank was established on Jan. 1, 1902. All in the last month. View Details Online Banking If you don't like the taste of envelopes or if you've ever spent way too much time searching for that stamp, Bill Pay is your answer. Headquartered in Red Bank, NJ, it has assets in the amount of $2,397,794,000. How long does it take to see money from Direct Deposit in my PayPal Balance account? The bank has most branches in New Jersey, New York and Pennsylvania. These forward-looking statements are generally identified by use of the words believe, expect, intend, anticipate, estimate, project, will, should, may, view, opportunity, potential, or similar expressions or expressions of confidence. Heres a closer look at PayPaland the financial products and services it offersto help you decide whether its the right fit for your goals. One-Time Checkup with a Financial Advisor. eStatements are like hugging a tree without ever stepping foot outside. Toms River, NJ 08753-8320 On September 28th TBG (the company turbo tax uses to deposit your taxes after fees are taken) direct deposited my $4318 fenders tax return. For those who use cash often, OceanFirst Bank is not ideal because it has an out-of-network ATM fee of $2.50, which is not ideal compared to the average U.S. bank. Did you ever find anything out??? Please read our Community Rules and Guidelines, Pay, shop, and do even more on the PayPal appGet the App. It is easy to get started. They can be reached by clicking 'Contact' at the bottom of any PayPal page, or they can be reached through Twitter direct message or Facebook instant message. Learn More We care about our neighbors and community, let us show you what that means. 7506, mfitzpatrick@oceanfirst.com, OceanFirst Financial Corp. Then, sit, stay. The average employee at OceanFirst Bank makes $46,625 per year. One of the largest and oldest community-based financial institutions headquartered in New Jersey. OceanFirst Bank has 874 employees. Although PayPal is not a bank, it partners with bankslike The Bancorp Bank and Synchrony Bankto offer various products like debit cards, prepaid cards, credit cards and lines of credit. If you experience any issues with this process, please contact us for further assistance. As it has conducted its six bank mergers since 2016, OceanFirst has aggressively consolidated retail branches. That said, whether you use PayPal as your primary financial account is ultimately up to you and your needs as a consumer. February 03, 2022 16:55 ET OceanFirst Financial Corp.'s subsidiary, OceanFirst Bank N.A., founded in 1902, is a $7.7 billion regional bank operating throughout New Jersey, . A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk. The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. These risks and uncertainties are further discussed in the Companys Annual Report on Form 10-K for the year ended December 31, 2020, under Item 1A - Risk Factors and elsewhere, and subsequent securities filings and should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. OceanFirst Bank's online and mobile banking services get great scores from customers. OceanFirst Bank Business Profile OceanFirst Bank Bank Contact Information 975 Hooper Ave Toms River, NJ 08753 Visit Website (888) 623-2633 Customer Complaints 7 complaints closed in last 3. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Forward-Looking StatementsIn addition to historical information, this news release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are based on certain assumptions and describe future plans, strategies and expectations of the Company.