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| Patriot Act |
First Bank of Miami complies with the USA Patriot Act, § 326. Please read this important information about procedures for opening a new account.
To help government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account
What this means to you: When you open an account, we will ask for your name, address, date of birth (for individuals), and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents. |
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| Commercial Accounts |
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Business Checking |
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Minimum balance of $100 to open |
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One low maintenance fee without minimum balance requirements |
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Business Now Account |
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Minimum balance of $1,000 to open |
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No maintenance fees when daily balance of $1,500 is maintained |
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Available to: sole proprietorships, IOTA accounts, and non-profit organizations |
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Interest bearing account |
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| Money Market |
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Business Money Market Account |
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Minimum balance of $2,500 to open |
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No maintenance fees when daily balance of $2,500 is maintained |
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Interest bearing account |
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| Savings |
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Business Savings Account |
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Minimum balance of $500 to open |
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No maintenance fees when daily balance of $500 is maintained |
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Interest bearing account |
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Interest credited quarterly |
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| Certificate of Deposit |
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Certificates of Deposit |
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Maturities ranging from 7 days to 5 years |
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Minimum investments from $2,500 |
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Interest can be capitalized, automatically transferred to another account, or electronically transferred to an external account via ACH |
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Copyright ©2006 First Bank of Miami - [Privacy Statement] [Security Statement] [Terms and Conditions] 