FAQs

Applying for a personal or business Shore United Bank credit card is simple! Below are some helpful resources about our credit card offers and links to apply online!

Obtaining a debit card for your Shore United Bank checking account is easy! Please visit your local branch to get a debit card. With instant issue, you could have your new card as quickly as today. Debit/Check cards are linked to a Shore United Bank checking account and funds are taken directly from the account when used to make purchases at a retailer.

• Personal checks
• Business checks
• Government issued checks
• Cashier's checks

After you submit your deposit you will receive an email confirmation to let you know we have received your deposit. If there are any concerns with the deposit (i.e. incorrect amount, account number or check image) you will receive an email communication from the bank before the deposit is processed.

Yes there are daily transaction and amount limits per business day. Customers are notified when limits are exceeded.

The cut-off time for Mobile Check Deposits is 3:00 p.m. EST. Deposits made after 3:00 p.m. EST will typically be posted within two business days. Items deposited will not be available for viewing in Online or Mobile Banking until daily processing has been completed. Processing days are Monday- Friday, with the exception of Federal holidays.

There is no fee for using Mobile Check Deposit. We do recommend that you check with your mobile service provider for any wireless carrier fees.

If you are a current mobile banking user who previously enrolled using an Activation Code but do not refresh your application you may receive an “Invalid Credentials” error message. If this occurs you will need to close your mobile banking application from running in the background and then re-open the application. In addition you may need to clear your device browser’s cache in order to receive the update. If you are not familiar on how to refresh your application or clear your device browser cache you can contact your wireless service provider for instructions specific to your device.

If you are an iPhone user, you may need to modify your camera settings to allow the bank to access your camera. Go to settings/general and select camera to allow the bank access to your camera for the mobile check deposit service.

There are several options for establishing or removing an automatic loan payment. Please call 877-758-1600 and ask to speak to our Loan Operations department. A team member will be glad to discuss the various options with you.

We offer several different mortgage financing options. Explore our mortgage loans page to learn more. Contact your local branch to start the process of purchasing your home through Shore United Bank.

We have compiled a list of all the documents necessary for you to apply for a mortgage loan through Shore United Bank.

• Amount of time credit has been established
  
• Percentage of available credit used
  
• Late payment history
  
• Length of time at current residence
  
• Negative credit information such as bankruptcies, defaults, collections, etc.

Pre-qualifying is a preliminary assessment by a lender, usually a loan officer, to determine the dollar value of loan a borrower can be approved for. You will need to provide some basic information about your credit, debit, income and assets. If the bank can prequalify you successfully, we will provide you a pre-qualification letter, which may generally be used to indicate to a seller that the borrower is pre-qualified to purchase the house they are making an offer on. However, pre-qualification is not a commitment to lend.

PMI is Private Mortgage Insurance. It is provided by private mortgage insurance companies and helps protect lenders against the costs of foreclosure. PMI is generally required when a borrower buys a house with less than 20% down. It enables lenders to accept lower down payments than they normally would. In most cases, the lender will allow a borrower to cancel mortgage insurance when the loan is paid down to 80% of the original property value. If you are current on your loan payments, mortgage insurance will automatically terminate when the loan is first scheduled to reach 78% of the original property value, if the loan is secured by your principal residence.

Loan payments can be taken over the phone if you have a depository account with Shore United Bank. Please contact your local branch or call 877-758-1600.

No problem at all. You can also make a payment online up to $10,000.00 to any Shore United Bank loan with no additional fee by entering your Business or Personal Checking Information. Payments made before 7:00 p.m. Monday – Friday will be applied the same business day. Please visit HERE to begin processing your payment.

Yes, a principal only payment can be selected while proceeding through the online payment process mentioned above. Be sure to select Principal Payment when entering your Payment Type.

A lien release and paid off note will be sent to the primary borrower via postal service 7-10 days after final payment is received by Shore United Bank. This allows for final payment and all loan documentation to be processed.

Your monthly mortgage payment may include items commonly referred to as PITI (principal, interest, taxes and insurance). So, each payment will include the following: a payment to the principal balance of your loan, the related interest payment and if applicable, your escrow payment, which are monthly payments collected to pay for items like your hazard insurance, mortgage insurance and property taxes.

The entire mortgage process has several parts, including getting prequalified, getting the home appraised, and getting the actual loan approved. In a normal market, this process takes about 30 days on average. During high-volume months, it can take longer—an average of 45 days.

The IRS sets annual limits on contributions each year. The contribution limit for 2023 is $6,500, or $7,500 if you’re age 50 or older. Please refer to the IRS contribution limits for more details.

It depends on the type of IRA you have, if you have a retirement plan at work or if your income exceeds certain limits. Please consult with your tax advisor for more details.

We welcome a conversation with you about the current rates for any of our CD products. Please call or visit your local branch to speak to a member of our team today.