When it comes to improving your Commercial savings account, it is important to know you can access your money whenever you need it.

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Avoid the monthly service fee of $5.00 by maintaining a minimum average daily balance of $5001

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Easy access to your funds, you can make withdrawals whenever you need.

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Business Digital Banking App3

 

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Smart Cash Management Services

 

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Digital Banking

 

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Earn a competitive interest rate2

 

COMMERCIAL STATEMENT SAVINGS ON YOUR MOBILE DEVICE

Enjoy a complete commercial banking experience with our Business Digital Banking app.³

HOW TO APPLY?

Ready to open an account?

Make sure you have the following documents.
  • Business Financial Statements and/or Stamped Corporate Income Tax Returns for the past 3 fiscal periods

  • Personal Financial Statement for each guarantor

  • Personal Tax Returns for one year for each guarantor

  • Business Plan and Financial Projections (if business is a startup or if requesting a Business Installment Loan and/or Term Loan)

  • Indicate collateral and collateral value to be pledged to the Bank to secure the Loan/Line of Credit

With these documents, call us at 1-866-695-2511 or visit any FirstBank branch.

 

ACCOUNTS THAT COMPLEMENT EACH OTHER
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Manage your day-to-day transactions easily with our Convenience Account.

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Start making smart investments for your business with a Certificate of Deposit or CD.

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A Commercial Checking Account offers you an easy and effective way to manage your business.

FREQUENTLY ASKED QUESTIONS

 

The minimum to open a Statement Savings Account is $500. If you maintain the average minimum daily amount of $500, you can avoid the $5 monthly service fee.

 

A Commercial Statement Savings Account gives you the benefit of earning competitive interest and access to an ATH debit card.

 

Yes you can conveniently manage your business online with Business Digital Banking3.

 

LEGAL USVI

Member FDIC for USVI and Puerto Rico only. This account can be opened by individuals and commercial businesses. 1The minimum average daily collected balance to avoid the y $5 monthly service fee is $500. If the account is closed within 12 months of opening, the fee is $15. When an account has no transaction activity for the preceding 12 months and the account balance falls under $2,500, a dormant account monthly fee of $5 will apply. 2The annual interest rate and annual percentage yield (APY) applicable to the accounts may vary at the discretion of FirstBank, based on market conditions, and may change without prior notice. 3Service available only to customers with a FirstBank business account. Clients must be registered in Business Digital Banking as part of the Smart Cash Management Solutions services. Smart Cash Management Solutions services are subject to changes and contracting of additional services. Certain additional terms, costs and conditions may apply.

 LEGAL BVI

This account can be opened by individuals and commercial businesses. 1The minimum average daily collected balance to avoid the $5 monthly service fee is $500. If the account is closed within 12 months of opening, the fee is $15. When an account has no transaction activity for the preceding 12 months and the account balance falls under $2,500, a dormant account  monthly fee of $5 will apply. ​​2The annual interest rate and annual percentage yield (APY) applicable to the accounts may vary at the discretion of FirstBank, based on market conditions, and may change without prior notice. 3Service available only to customers with a FirstBank business account. Clients must be registered in Business Digital Banking as part of the Smart Cash Management Solutions services. Smart Cash Management Solutions services are subject to changes and contracting of additional services. Certain additional terms, costs and conditions may apply.

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