Welcome to ECIGB Bank’s account opening page! We are dedicated to providing you with seamless and convenient banking solutions tailored to your unique financial needs. Discover the various types of accounts we offer and the specific terms and conditions associated with each, to help you make informed decisions.
Types of Accounts
Personal Checking Account
Our Personal Checking Account offers you the flexibility to manage your daily transactions effortlessly. With a range of features designed to simplify your banking experience, this account is perfect for your everyday financial needs.
Features:
- No monthly maintenance fees with direct deposit
- Unlimited check writing
- Free online banking and mobile banking
- Debit card with zero liability fraud protection
Requirements:
- Minimum opening deposit: £25
- Valid identification (passport or driver’s license)
- Proof of address (utility bill or bank statement)
- Social Security Number or Taxpayer Identification Number
Terms and Conditions:
- Monthly maintenance fee of £10, waived with direct deposit or minimum daily balance of £500
- Overdraft protection available upon request
- Paper statement fee of £2, waived with electronic statements
Savings Account
Our Savings Account helps you grow your money with competitive interest rates while providing easy access to your funds. It’s an ideal choice for setting aside money for future expenses or emergency funds.
Features:
- Competitive interest rates
- No monthly maintenance fee with a minimum balance
- Free transfers between ECIGB accounts
- Quarterly statements
Requirements:
- Minimum opening deposit: £50
- Valid identification (passport or driver’s license)
- Proof of address (utility bill or bank statement)
Terms and Conditions:
- Interest compounded daily and credited monthly
- Minimum balance of £300 to avoid a monthly maintenance fee of £5
- Withdrawal limit of six per month; additional withdrawals may incur a fee
Business Checking Account
Our Business Checking Account is tailored for small to medium-sized businesses, providing tools and services to manage your business finances efficiently.
Features:
- Free business debit card
- Online banking with bill pay
- Free transactions up to a certain limit
- Access to business loans and lines of credit
Requirements:
- Minimum opening deposit: £100
- Business documentation (articles of incorporation, partnership agreement, etc.)
- Employer Identification Number (EIN)
Terms and Conditions:
- Monthly maintenance fee of £15, waived with a minimum daily balance of £1,000
- Transaction limit: 200 free transactions per month, £0.50 per additional transaction
- Overdraft protection available
Student Account
Our Student Account is designed for students, offering benefits that cater to your academic and financial needs.
Features:
- No monthly maintenance fee
- Free debit card with contactless payments
- Mobile banking with budgeting tools
- No minimum balance requirement
Requirements:
- Proof of enrollment in an educational institution
- Valid student ID
- Minimum opening deposit: £10
Terms and Conditions:
- Monthly maintenance fee of £0
- Limited to students aged 16-25
- Up to four free ATM withdrawals per month, £2 per additional withdrawal
How to Open an Account
Opening an account with ECIGB Bank is simple and straightforward. You can open your account online or visit any of our branches. Here’s what you need:
- Gather Your Documents: Ensure you have your identification, proof of address, and any other necessary documentation.
- Choose Your Account: Select the type of account that best suits your needs.
- Complete the Application: Fill out the account opening form online or in person.
- Initial Deposit: Make the required initial deposit to activate your account.
- Verification: Your information will be verified, and once approved, your account will be ready to use.
Terms and Conditions
All accounts at ECIGB Bank are subject to our standard terms and conditions. These include, but are not limited to:
- Compliance with anti-money laundering regulations
- Agreement to our privacy policy and disclosure practices
- Consent to electronic communication
- Adherence to account-specific fees and service charges
For detailed information, please refer to our full terms and conditions document available on our website or at any of our branches.
At ECIGB Bank, we are committed to providing you with exceptional banking services and support. Whether you are managing your daily finances, saving for the future, or running a business, we are here to help you achieve your financial goals. Open your account today and experience the difference with ECIGB Bank.