Private Banking

Overview

At First Bank of Miami, Private Banking means much more than attending to your financial needs—it means building and maintaining an established, ongoing relationship. Your banker is personally dedicated to working with you to manage any and all of your banking activities. While providing the highest level of service and flexibility, our experts offer the kind of guidance and specialized attention that will exceed your every expectation.

First Bank of Miami’s bankers have more than 30 years of experience dealing with local, national and international clientele. Whether we are visiting a client in their country, or sitting across the desk from you in our Coral Gables office, you can be assured the same attention and commitment to fulfilling all of your private banking needs.


Checking Accounts

As a private banking client, you will enjoy the kind of discreet, individualized attention you would expect and so much more. Our checking accounts offer you the flexibility and features you need to manage your finances with ease and confidence.

Features:
  • Free ATM/Debit Cards
  • Free online statements with online banking
  • Unlimited automatic payments
  • Free online banking and unlimited bill payment
  • Safe deposit box availability for a nominal annual charge
Personal Checking Account:

  • Requires a $100.00 deposit to open
  • Unlimited transactions
  • $12.00 monthly maintenance fee
  • No monthly maintenance fee if a minimum daily balance of $1,000.00 is maintained
Personal Economy Checking Account:

  • Requires a $100.00 deposit to open
  • No minimum daily balance is required
  • $5.00 monthly maintenance fee
  • There is no charge for the first 8 checks per statement cycle and $0.50 for every check thereafter
Senior Citizen Checking Account:

  • Must be at least 62 years old to qualify
  • Requires a $100.00 deposit to open
  • Unlimited transactions
  • $2.00 monthly maintenance fee
  • No monthly maintenance fee if a minimum daily balance of $500.00 is maintained or receive direct deposits
Personal NOW Account:

  • Requires a $1,000.00 deposit to open
  • Interest is credited monthly
  • Unlimited transactions
  • $10.00 monthly maintenance fee
  • No monthly maintenance fee if a minimum daily balance of $1,500.00 is maintained

Savings Accounts

Understanding your unique goals, we provide a variety of savings accounts to give you the specialized service and benefits you require.

Features:

  • Free ATM Cards
  • Free online banking
  • Free online statements with online banking
  • Safe deposit box availability for a nominal annual charge
Personal Savings Account:

  • Requires a $250.00 deposit to open
  • Interest is credited quarterly
  • Limit of 6 transfers per statement cycle
  • $5.00 quarterly maintenance fee
  • No quarterly maintenance fee if a minimum daily balance of $250.00 is maintained
Personal Perferred Savings Account:

  • Requires a $250.00 deposit to open
  • Interest is credited quarterly
  • Tier-rated account with higher interest depending on balance
  • Limit of 6 transfers per statement cycle
  • $5.00 quarterly maintenance fee
  • No quarterly maintenance fee if a minimum daily balance of $250.00 is maintained

Money Market Accounts

Our Private Banking Money Market accounts were created to be most advantageous to you.

Features:
  • Free ATM cards
  • Free online banking
  • Free online statements with online banking
  • Safe deposit box availability for a nominal annual charge
Personal Five Star Rewards Money Market Account:

  • Requires a $2,500.00 deposit to open
  • Interest is credited monthly
  • Tier-rated account with higher interest depending on balance
  • No more than 6 transfers, of which only 3 can be checks, can be made per statement cycle
  • $10.00 monthly maintenance fee
  • No monthly maintenance fee if a minimum daily balance of $2,500.00 is maintained

Certificates of Deposit and Individual Retirement Accounts

As a Private Banking client, you will enjoy a myriad of choices on CD’s, both long and short term.

Features:
  • Online banking
  • Easy and convenient to access your accounts anywhere at anytime
  • Safe deposit box availability for a nominal annual charge
Certificates of Deposit:

  • Requires a $2,500.00 deposit to open
  • Maturities range from 7 days to 5 years
  • Interest can be capitalized, automatically transferred to another account within the bank or electronically transferred to an external account via ACH
Individual Retirement Accounts:

  • Ideal for tax deferred savings and self-guided retirement planning
  • Requires a $500.00 deposit to open
  • Maturities range from 7 days to 5 years
  • Please consult your tax or legal advisor concerning your own specific situation

Online Banking Solutions

Stay on top of your finances and manage all of your accounts 24 hours a day, 7 days a week with our online banking solutions.

  • Enjoy an array of free online banking services
  • Pay bills quickly and easily with free Online Bill Payment
  • Check balances and review account activity
  • View your statements online