To help you the best that we can we’ve compiled some of the most commonly asked questions we’ve received relating to COVID-19 and our continued operations as an essential service. If you are not able to find an answer to your question below, please don’t hesitate to contact us, one of our friendly and experienced staff will be happy to answer any questions you may have.
Are your branches open regular hours? All of our branches are operating with their normal operating hours, and are welcoming all transactions through DRIVE-UP ONLY, with the exception of our Palmer Branch. The Palmer branch location is closed but still has a functioning ATM for your use. All branch lobbies will be closed until further notice.
Even though our lobbies are closed, we are prepared and ready help you with all of your transactional needs from deposits, withdrawals, account openings, loan applications and closings. We are here to serve you with the same level of customer service you are used to getting in our branches. Please check our website should our hours change.
Can I deposit at an ATM? Yes, we have full service ATMs at all locations that can be used to make a deposit to your accounts.
What other deposit options can I use to avoid going to a branch? If you would like to avoid the branch or ATM, your best option to deposit remotely would be to use our Mobile Check Deposit feature within the NBSB Mobile Banking app. This feature allows you to safely & securely deposit a check using your phone’s camera. Learn more about Mobile Check Deposit.
Can I defer my loan payments? There are many options to consider before deferment. Please contact our Loan Department by phone at 508-867-1302 or by email at LoanServicing@bankNBSB.com to talk about your options and let us guide you.
Why aren’t you waving overdraft fees during this time? If there is a circumstance that is out of the ordinary and you have never had a fee waived, please call us at 508-867-7442 or 866-711-6272 to discuss your options.
Can I get to my safe deposit box? Yes, however, we are encouraging that any in-branch activities be kept to a minimum until we reopen our branch lobbies. Should you need access your safe deposit box or open one, and cannot wait to do so, please contact your local branch for more information and to make an appointment. Contact Us.
What are the new tax deadlines? The new tax deadline to FILE and PAY is July 15, 2020. You can learn more about the new deadline as well as other helpful information in NBSB’s “Tax Filing and IRA Contribution Deadline, 90-Day Extension” article.
When is my deadline for my IRA distribution? Required Minimum Distributions (RMDs) for 2020 are not required. Distributions prior to age 59 1/2 of up to $100,000 are not subject to the 10% excise tax in 2020 and Distributions of up to $100,000 this year can be reported as income over three years and/or repaid.
What can I do at drive-up besides withdrawal/deposit? We can help you to complete all deposit and loan related transactions except access to safe deposit boxes at our drive-up windows.
Are you offering loan relief? NBSB is working with borrowers who have been affected by the COVID-19 crisis. Please contact the Loan Center to discuss your options at 508-867-1302.
How do I get help if I am having trouble paying my mortgage? Should you experience hardship due to the COVID-19 crisis and are having trouble paying your mortgage please contact the Loan Center to discuss your options at 508-867-0709.
Is the bank still offering mortgage loans during the crisis? Yes, the bank is still offering Residential Mortgage loans, you can Apply Online in Minutes or contact one of our friendly and experienced mortgage lenders by calling 508-867-0709 or by emailing MortgageCenter@bankNBSB.com.
How do I apply for the SBA Paycheck Protection Program? You can find more information as well as application instructions on our Paycheck Protection Program webpage. We are working to process the applications we receive in a timely manner and will reach out to applicants soon. The SBA anticipates processing in excess of 1 million loans. Due to this high volume, once an application is submitted to the SBA we cannot predict how long it may take for them to process the loan.
Can I make more than six transfers a month? Thanks to a recent change to Federal Regulation D, NBSB will temporarily no longer restrict the number of convenient transfers on savings and money market accounts. Effective April 24th, 2020 you will be able to perform as many convenient transfers as needed. You will be able to perform six transfers without penalty, each additional transactions will be a $10 fee per transaction. Please be aware that this exemption is subject to change without notice.
What is NBSB’s Routing Number? Our routing number is 211374091
When will my CARES Act stimulus check come? Unfortunately we are not privy to when your stimulus check disbursement may come but you can check on the status of your stimulus check through the IRS. To stay informed you can follow the IRS website for further information on the stimulus check program.
Will the IRS contact me about my CARES Act stimulus payment? The IRS will not call, email, or text you about your payment. The IRS will not contact you to request personal or bank account information. Watch out for scams and fraud related to the stimulus payment. You can learn more about fraud related to COVID-19 and the stimulus check with NBSB’s helpful article “North Brookfield Savings Bank’s COVID-19 Scams & Fraud Awareness.”
According to the IRS for security reasons, a letter about the payment will be mailed to each recipient’s last known address within 15 days after the payment is made. The letter will provide information on how the payment was made and how to report any failure to receive the payment.
I think the amount of my CARES Act stimulus payment is incorrect. What can I do? If you think you did not receive the full amount to which you are entitled, according to the IRS you will be able to claim the additional amount when you file your 2020 tax return. This is particularly important for individuals who may be entitled to the additional $500 per qualifying child dependent. For VA and SSI recipients who don’t have a filing requirement and have a child, they need to use the Non-Filers tool on the IRS website by May 5 in order to have the $500 added automatically to their $1,200 Economic Impact payment.
Does someone who has died qualify for the CARES Act stimulus payment? No, a payment made to someone who died before receiving the Payment should be returned to the IRS. The entire payment should be returned unless the payment was made to joint filers and one spouse has not died before receiving the payment, in which case, only the portion of the Payment made for the decedent needs to be returned. This amount will be $1,200 unless adjusted gross income exceeded $150,000.
How do I return a CARES Act stimulus payment? You should return the payment as described below.
If the payment was a paper check:
If the payment was a paper check and you have cashed it, or if the payment was a direct deposit:
If you live in Massachusetts, mail to:
Andover Refund Inquiry Unit, 1310 Lowell St, Mail Stop 666A, Andover MA 01810
Our friendly and experienced staff are happy to help you with any of your banking needs.