This free checking account is especially designed to pay a competitive interest rate on your money. The interest rate increases as the account balance increases, giving you a higher yield on your funds. The Green Account is accessible via our Virtual Banking, checks or debit card.
Minimum Balance to accrue interest: $25,000.00.
1 Complete FACEBANK’s product and services application.
2 Copy of 2 valid ID in color with photo.
3 1 Bank or Commercial Reference also a Credit Card Reference will be acceptable.
4 Income Certification or Employment Verification.
5 Copy of last utility or phone statement.
6 If you are a resident of the United States and have a valid Social Security Number you are only required to provide a valid Driver’s License with your current address to open an account.
A simple, free of charge checking account for businesses. The account is accessible through the use of checks and/or online banking.
1 Complete and sign the FACEBANK product and services application.
2 Copy of Two (2) valid Identification documents (including Passport and Visa if needed) with photo of the legal representative of the company.
3 Resolution of the Board of Directors authorizing the opening of the account.
4 Copy of the company’s articles of incorporation and/or document in which the ultimate beneficial owner can be verified.
5 Bank reference(s) of the company or the signer if its a new business.
6 Commercial reference(s) of the company or the signer if its a new business.
7 Copy of the company's last tax return OR financial statements signed by a certified public accountant registered in the location where the company was registered or in the location where the company operates.
8 If the signor already has an account in FACEBANK, no references are required for the signor in the event its a new business.
A Time Deposit Account is a fixed secure investment that offers competitive return. Interest is paid directly into your account at the end of the term or on a monthly basis. Terms range from thirty (30) days up to five (5) years. Available for individuals or business. FACEBANK International is an International Banking Entity regulated by the Commissioner of Financial Institutions of Puerto Rico. Funds deposited in FACEBANK International are not insured by the Federal Deposit Insurance Corporation (F.D.I.C.)
1 Have a Checking Account with FACEBANK.
Early cancellation service fees
A service fee shall be charged for Time Deposits that are cancelled before maturity. For accounts whose maturity is:
- Equal to or less than 30 days, no interest will be paid.
- Greater than 30 days: The interest rate shall be recalculated to equal the interest rate applicable for the actual elapsed time since its inception. A 20% penalty shall be deducted from this amount.
- The funds deposited in the account cannot be transferred, given or be pledged in guarantee or as collateral for loans and other obligations in favor of another institution or person without previous written authorization from the bank.
- After the opening of the account the Depositor will not be able to make additional deposits into the same Time Deposit.