MVB Bank is a small regional bank focused on serving people and businesses in West Virginia and nearby areas

MVB Bank (Mountain Valley Bank) is a community bank headquartered in Fairmont, West Virginia. It operates physical branches in West Virginia and Kentucky, and offers online banking services. Unlike national banks with thousands of branches, MVB is smaller and rooted in a specific region — which shapes how it works and who it serves.

The bank offers standard accounts you would find at most banks: checking accounts, savings accounts, and money market accounts. It also provides loans, credit cards, and business banking services. Because it is a regional bank rather than a national chain, the specific products available, interest rates, and fees may differ from what you would see at larger banks.

MVB Bank is FDIC-insured, which means deposits up to $250,000 per account type are protected by the federal government if the bank fails. This is the same protection you get at any FDIC-insured bank, regardless of size.

Key Takeaways

  • MVB Bank is a regional community bank based in West Virginia with branches in West Virginia and Kentucky, plus online banking.
  • The bank offers checking, savings, money market accounts, loans, and credit cards — the same basic products as larger banks.
  • Deposits are FDIC-insured up to $250,000 per account type, the same as at any other FDIC member bank.
  • Interest rates, fees, and product availability may differ from national banks because MVB is smaller and regionally focused.
  • You can open an account online or at a physical branch, depending on the account type.

How MVB Bank differs from national banks

The main difference between MVB and banks like Chase or Bank of America is size and reach. MVB has fewer branches, fewer employees, and serves a smaller geographic area. This can be an advantage or a disadvantage depending on what you need.

On the advantage side: community banks often have lower fees, more flexible lending decisions, and staff who know the local area. On the disadvantage side: fewer ATMs, fewer branch locations if you travel, and sometimes fewer online features than large national banks offer.

Interest rates on savings and money market accounts may be higher at MVB than at large national banks, but this varies by product and changes over time. Checking account fees and overdraft fees may also differ. The only way to know is to compare MVB's current rates and fees against other banks you are considering.

Opening an account at MVB Bank

You can open most MVB accounts online or in person at a branch. The process is similar to opening an account at any bank: you provide personal information, proof of identity, and an initial deposit. The specific documents needed and minimum deposit amounts depend on the account type.

If you open online, you will typically need a valid government ID and a Social Security number. You may also need to verify your identity through a video call or by uploading documents. If you open in person at a branch, you bring your ID and the initial deposit with you.

After you open an account, you receive a debit card, online banking access, and a checkbook (if you opened a checking account). You can then use the account to deposit money, pay bills, transfer funds, and withdraw cash at MVB ATMs or at other banks' ATMs through the Allpoint network.

Checking and savings accounts at MVB

MVB offers several checking account options, each with different features and fee structures. Some accounts have monthly maintenance fees; others waive fees if you maintain a minimum balance or set up direct deposit. The specific terms change, so you should check MVB's website or call a branch for current details.

Savings accounts at MVB earn interest, meaning the bank pays you a small percentage of your balance each month. The interest rate varies depending on the account type and the current economic environment. Money market accounts are a hybrid: they earn interest like savings accounts but may offer higher rates in exchange for larger minimum balances.

All of these accounts are FDIC-insured. If you have multiple accounts at MVB — for example, a checking account and a savings account — each is insured separately up to $250,000.

Online and mobile banking with MVB

MVB offers online banking through its website and a mobile app for smartphones. Through these platforms, you can check your balance, transfer money between accounts, pay bills, deposit checks by taking a photo, and view your transaction history.

Online banking is available 24/7, but some services (like bill payments) may take one to three business days to process. If you need to speak to someone, MVB has customer service phone lines during business hours, and some services may have extended hours.

The mobile app works on both iPhone and Android. Like most bank apps, it requires you to log in with a username and password, and many banks add extra security steps like fingerprint or face recognition.

Fees and minimum balances

MVB charges fees for certain services, just as other banks do. Common fees include monthly maintenance fees, overdraft fees (when you spend more than you have), ATM fees (if you use an ATM outside the MVB network), and wire transfer fees. Some accounts waive monthly fees if you maintain a minimum balance or set up direct deposit.

Minimum balance requirements vary by account type. Some accounts require no minimum; others require $100, $500, or more to open or to avoid a monthly fee. Again, these terms change, so check with MVB directly for current information.

If you are new to banking or managing money on a tight budget, ask about accounts with no monthly fee and no minimum balance requirement. Not all banks offer these, but some do.

FDIC insurance and account safety

MVB Bank is an FDIC member, which means your deposits are insured by the Federal Deposit Insurance Corporation. This insurance covers up to $250,000 per depositor, per bank, per account type. In plain terms: if the bank fails, the government will return your money up to that limit.

The $250,000 limit applies separately to different account types. For example, if you have a checking account with $200,000 and a savings account with $200,000 at MVB, both are fully insured because they are different account types. But if you have two checking accounts at MVB with $200,000 in each, only $250,000 total is insured across both accounts.

FDIC insurance does not cover investment products like stocks or mutual funds, even if you buy them through the bank. It covers deposit accounts only: checking, savings, money market, and certain other products.

Frequently Asked Questions

Can I use MVB Bank if I don't live in West Virginia or Kentucky?

You can open an account online from anywhere and use online banking and the mobile app. However, you cannot visit a physical branch unless you are in West Virginia or Kentucky. If you need in-person banking regularly, a national bank with branches nationwide may be more convenient.

What happens if I overdraft my account?

If you spend more money than you have, the bank may cover the transaction and charge you an overdraft fee, or it may decline the transaction. The specific policy depends on your account type and whether you have opted into overdraft protection. Check your account agreement or call MVB to understand your account's overdraft policy.

Is my money safe at MVB Bank?

Yes, deposits up to $250,000 per account type are protected by FDIC insurance. This is the same protection you get at any FDIC-insured bank. MVB also uses standard security measures like encryption for online banking, but you should always use a strong password and never share your login information.

Can I get a loan from MVB Bank?

Yes, MVB offers personal loans, auto loans, home loans, and business loans. The terms, interest rates, and requirements vary by loan type. Contact a branch or call customer service to discuss what loans may be available to you and what information you would need to provide.

How do I close my MVB Bank account?

You can close an account by visiting a branch in person, calling customer service, or sometimes through online banking. Make sure you have withdrawn or transferred all your money first. The bank may charge a fee if you close the account within a certain time period (for example, within 90 days of opening), so check your account agreement.