First Bank Savings Account Requirements, First bank open account
If you want to learn more about First Bank Savings account requirements, here is a guide to help you.
To summarize, this guide will assist you in determining what these requirements are, but it also contains some information critical to the First Bank savings account requirements.
First Bank is known for providing exceptional banking services and products to its customers, and as a result, it is no surprise that it has earned a place as the first choice for many people.
To open a savings account with any of its branches, you must first provide the necessary documentation, and then you can apply for a savings account.
Let's take a look at the First Bank account requirements.
REQUIREMENTS FOR A FIRST BANK SAVINGS ACCOUNT
The requirements for a First Bank Savings account are as follows:
- Applicants must be at least 18 years old. Before their application is accepted, any applicant under the age of 18 must have an account holder who is at least 18 years old.
- Please bring an original government-issued photo ID. Driver's license, passport, national ID card, or military ID are all acceptable forms of identification.
- You must provide proof of your Social Security number. In the absence of your actual Social Security card, a recent pay stub, W-2, or tax return containing your SSN will suffice.
- Address verification. This could be a recent utility bill, as well as a cell phone or internet bill.
- A $100 initial deposit is required.
- Fill out the account registration form.
WHAT IS THE MINIMUM BALANCE FOR A FIRST BANK SAVINGS ACCOUNT?
A First Bank savings account requires a minimum balance of $25. Account holders should keep in mind that in order to receive the Annual Percentage Yield (APY), they must keep this minimum balance in the account every day.
LIMIT ON SAVINGS ACCOUNT WITHDRAWAL
The First Bank savings account does not permit account holders to withdraw their entire deposit.
They must always maintain a minimum maintaining balance of $25.00.
There is also a monthly withdrawal limit of six (6) dollars.
If you withdraw more than this amount, you will be charged $2.00 per transaction.
Let's wrap up the First Bank Savings account requirements here.
They must always maintain a minimum maintaining balance of $25.00.
There is also a monthly withdrawal limit of six (6) dollars.
If you withdraw more than this amount, you will be charged $2.00 per transaction.
Let's wrap up the First Bank Savings account requirements here.
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