Fund Cash
How to apply Apply online About us Contact us
Photo - About Us
About Us

Your line of credit
Loan calculator
Refer a friend
Questions & Answers
Wealth Management Accounts
Home page

About FundCash
About Presidential Bank

About FundCash

FundCash Credit is a division of Presidential Bank. FundCash provides lines of credit and securities custody services to mutual fund investors.

The FundCash web site is a place for customers to learn more about the FundCash program and to apply online for a line of credit. By opening a FundCash line of credit, you can have the cash you need at your fingertips as you continue to stay invested in your mutual funds.

The FundCash team at Presidential Bank strives to provide the highest quality level of service to our customers. You, the customer, are our number one priority. Presidential's Trust Custody Department handles setting up new lines of credit, servicing existing lines of credit, and procesing all securities transactions, including initial transfers of collateral into bank custody, reporting customer account values, dividends and capital gains distributions, and executing new customer-directed purchases and redemptions .

How does the Apply Online process work?

A lot of detailed information is required to open a new FundCash line of credit. Our goal is to make the process as simple for you as possible. Applying online is a 4-step process, which is summarized in the table below.

Step 1
Personal Information

Step 2
Line of Credit Information

Step 3
Security Information

Step 4
Prepare Official Documents

Complete the online form that requests personal information about you and any co-applicant.

Answer the loan option questions applicable to your credit line.

Complete the online form for each pledged security or brokerage account. The form asks you for account information with security tickers and numbers of shares.

After Steps 1 thru 3 are completed, your loan documents will be complete and ready for you to print. Print out and sign the forms, have all signatures guaranteed, and send the completed documents to FundCash.

When your documents have been received and your fund positions have been transfered into bank custody, FundCash will calculate the maximum amount of your line of credit. You will be notified as soon as your loan is approved.


Once we have received your completed loan forms, FundCash will begin the document review and securities transfer process to permit establishment of your line of credit account. We will advise you of any change in your maximum loan amount.

Once your line of credit is approved, you will receive your welcome package in the mail with a check for your initial advance. Your personal checks for accessing the line of credit will be mailed separately. After your account has been opened, you will receive in the mail a monthly statement. Each monthly statement will show the applicable finance charge. Payment of the finance charge is due on the 10th of each month.

If you are not ready to begin the Apply Online process, you might want to start with the Loan Calculator. The Loan Calculator allows you to analyze your security and loan information without providing any personal information. The Loan Calculator will provide you with your estimated maximum loan amount and monthly interest payments, based on the securities tickers and numbers of shares you provide. It is important to know that the Loan Calculator only provides estimates of the amount of yoru available credit. Your actual maximum loan amount will be calculated after your loan documents have been submitted.

Back To Top

About Presidential Bank

Presidential Bank was organized in 1985 as an affiliate of a mutual fund group, so we unerstand the mutual funds business. Presidential's assets are about $300 million. Our main office is located in Bethesda, Maryland. We have branches throughout the metropolitan Washington, DC area. Presidential is a privately held, entrepreneurial organization.

On October 6, 1995, Presidential® became the first bank in the United States to offer bank accounts over the Internet. In 1997, Presidential was one of the earliest banks to offer real time online PC banking services, such as balance look-up, recent account transactions, and money transfers between accounts. Presidential also offers a unique, proprietary online archive of historical bank account statements and check images.

Presidential Bank is a Federal Savings Bank regulated by the U.S. Office of Thrift Supervision. Our deposits are insured by the Federal Deposit Insurance Corporation (FDIC). Presidential has compiled an impressive record of home mortgage lending and commercial lending. Since 1995, Presidential has been one a limited number of financial institutions in the nation rated "Outstanding", the highest category, under the federal Community Reinvestment Act, based upon its record of meeting community credit needs.

Back To Top






  Presidential Bank
© 2002 - 2021, Presidential Bank, FSB

Privacy Policy
Equal Housing Opportunity


Updated: 2021/4/14 - MH