Savings Account
Savings Account
We offer you a savings account with unique benefits designed to match your banking needs with an attractive interest rate.
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How to Apply
FAQs
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Features
- Requires a minimum opening and operating balance of LE50
- You can lodge cheques or dividend warrants in this account
- It allows third-party withdrawal through customised withdrawal slips or cheques in all First Bank branches
- For added security, the account requires references to open.
- Account holders qualify for interest payment on the account when they make less than 3 withdrawals in the month
- FirstSavings Plus account holders can issue cheques to third parties.
- Cheques and dividends can also be paid in account holders name.
- Individuals and Corporate organisations can apply for this account type.
- Duly completed Application Form
- Valid means of identification (Drivers License, National ID Card or International Passport)
- Valid proof of address of residency e.g. current Utility Bill not exceeding 3 months
- Two satisfactory references
- Two passport size photographs of the applicant(s).
How to Apply
ACCOUNT OPENING DOCUMENTATION REQUIREMENTS
- Duly completed Account Opening Form
- Duly completed Specimen Signature Card
- Recent passport photographs of minor and parent/guardian
- Minimum Amount to open Account Le 120
- NIN of account holder (Where Available)
- Address verification (Utility bill or AVR report)
- Two satisfactory references (current account and First Savings plus)
- Birth certificate of child ( for Hifi or re account)
- Residence or work permit (foreigners)
- Tax ID (US Citizens)
FAQs
1) How Do I open a FirstSavings Plus Account?
- To open an individual FirstSavings Plus Account, you need to fill Account opening form, sign Specimen signature cards, two (2) passport photographs, two independent satisfactory references, utility bill, valid means of identification such as Driver license or international passport.
- FirstSavings Plus account is open to all except minors as long as the requirement for opening the account is met by the prospective customers.
- Yes, it can be used as a salary account but the LE50 minimum operating balance still subsists.
- FirstSavings Plus account operates with a flexibility of a current account. It allows issuance of cheques that are not valid for clearing but can be cashed over the counter. It also allows lodgement of third party cheques into the customer’s account.