A savings account for children under the age of 13 that helps them develop good saving habits and teaches them responsibility.

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Direct Deposit

Download form here



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Bears tiered interest rates1



Parents can transfer funds from their FirstBank accounts2


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2 withdrawals or debits per cycle3


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Branches all around the island and over 360 ATMs


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Encourages good saving habits from a young age


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Debit card with worldwide acceptance with the minor's name4


Account opening requirements

  • $1 minimum opening deposit

  • $10 daily minimun  balance to avoid the monthly service fees⁵

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Download the Direct Deposit form

Complete it and hand it in to your employer


Simplify your life by managing your savings account through our Digital Banking mobile app.⁶


Ready to open a deposit account?

Make sure you have the following documents⁷ available when you go to the branch to open a deposit account.


To open a personal deposit account at FirstBank the adult and minor must present the Social Security number and the following applicable identifications:

United States Citizens 

(One (1) of the following):



  • Real ID issued by the Government of Puerto Rico (DTOP)

  • State ID issued by the Departament of Motor Vehicles of the United States

  • Passport or Passport card issued by the Government of the United States

  • Military ID issued by the Government of the United States 

  • Puerto Rico Police Gun  Permit



  • Birth Certificate (applies only to minor under 16 years old)

  • Real ID issued by the Government of Puerto Rico (DTOP)

In case that the valid ID with photo does not have the physical address, such as Passport, you must provide a service bill to validate the physical address, example: water, electric power, phone, cable TV service, CRIM, rental agreement, among others.

Foreign Citizens Puerto Rico Resident

(One (1) of the following):




  • Driver’s license from Puerto Rico, United States, Virgin Islands (USVI + BVI)

  • Passport issued by the country of origin + Visa

  • United States Permanent Resident Card (Green Card)



  • Birth Certificate (applies only to minor under 16 years old)

  • Real ID issued by the Government of Puerto Rico (DTOP)

Additional Document (one of the following):

  • Service bill to validate the physical address, example: water, electric power, phone, cable TV service, CRIM, among others.

  • Employment letter

  • Rental agreement

  • Bank reference (last two months)

Start the process to open a deposit account here.



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Checking and savings combined under the same account number with

Cuenta TODO.


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After the minor turns 13 years old, the account will be automatically converted to a FirstTeen account.


Yes, If a minimun daily balance of $10 is not maintained during the cycle, a monthly service fee of $1 applies.


Parents can transfer funds to the minor’s First One account from their own FirstBank account with Digital Banking6.

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Member FDIC. Only for individuals. Subject to the terms and conditions of the Deposit Account Agreement and the Disclosure of Fees, Terms, and Rates Applicable to Deposit Accounts provided at account opening. Deposits in this account may not be used as collateral for loans or obligations. 1The interest rate and annual percentage yield (APY) applicable to the accounts are variable at the discretion of FirstBank, based on market conditions, and may change without prior notice 2 Certain terms, conditions, and restrictions apply. 3 A $0.50 fee will apply for each withdrawal or debit transaction through any channel in excess of two (2) during the cycle. A $2.00 fee applies for withdrawals at ATMs that are not FirstBank ATMs and cash advances with your debit card at the teller window at branches of FirstBank and other banking institutions. 2% for foreign currency conversion to the amount already converted into U.S. dollars for debit card transactions. Additional charges imposed by other financial institutions may apply. 4Subject to the authorization of the minor's parents or legal representative. 5If the minimum daily balance during the cycle is less than $10, a $1 monthly service fee applies. 6Digital Banking is subject to the terms, conditions, and restrictions of FirstBank. 7FirstBank may request additional documents or information. 

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