ECCU - First Step Account
Taking your very first step into banking has never been easier! Our Basic Bank Account is designed especially for anyone who’s never had an account in the ECCU before. With no opening fees, no maintenance fees, and just a valid ID, you’ll gain safe and convenient access to your money. Enjoy the benefits of a debit card, online banking, and electronic transfers, because everyone deserves the opportunity to be part of the financial system.
Account Highlights
- No account opening or maintenance fees
- No over the counter charges for deposits and withdrawals
- Access to debit cards, online banking, EFT
- Maximum balance of $36,000, no overdrafts
Account Opening Requirements
ECCU - First Step Account Requirements
Valid photo Identification
Minimum opening balance $50
One piece of valid photo ID is required
- National Insurance Scheme (NIS) Card
- Passport
- Driver’s license
- Voter’s identification card
- National identification card
- Any state approved identification with a photo and date of birth
Terms and Conditions
- Aggregate credits must not exceed EC $36,000 annually.
- Applicants must be a resident of an ECCU territory (Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia and St. Vincent and the Grenadines)
- Applicants with an account at Co-op Bank or any other bank locally and in the ECCU are not eligible
- Applicants must possess a valid government issued identification.
- Politically exposed persons, individuals with a history of financial crimes and specially designated nationals are not eligible.
- Limited to one account per person either singularly or jointly within the jurisdiction.
- Cross-border wire transfers outside the ECCU are not permitted.
- Customer must complete the standardized basic deposit account attestation.
- Customer must complete a beneficial ownership attestation and all other bank forms and agreements (e.g. online banking agreements, FATCA/CRS declaration, PEP declaration, etc.)
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