First Option Bank Review and Service Offering

First Option Bank

Our take on First Option Bank

First Option Bank provides financial and banking products to both individuals and businesses, including a variety of loans, saving and checking accounts, plus much more. Among its products includes a School Logo Debit Card, which supports students each time you spend. First Option is also a trustee among many foundations that provide finance to charitable organisations.

How we rate banks

Last reviewed: December 21, 2024

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Founded: 1965

Policies

Deposit Protection

Customers Served

Corporate
Small and Medium Enterprises (SMEs)
Retail and Individual
Nonprofit
Government

Services

Mobile Banking
ATM Network

Fees

No account maintenance fee
No overdraft fee

Accounts	Interest rates	Fees
Checking	-	No maintenance or overdraft fees
Savings	1.75% - 4.25%	-
CDs	4.15% - 4.35%	No maintenance fees
Wealth management	-	-

Loans	Interest rates	Fees
Credit cards	Rates may vary	Fees may vary
Mortgages or loans	Rates may vary	Fees may vary

Accounts	Interest rates	Fees
Checking	-	No overdraft fees

This bank does not offer any Nonprofit loans.

Accounts	Interest rates	Fees
Checking	-	No maintenance or overdraft fees

This bank does not offer any Government loans.

This bank does not offer any SMEs accounts.

Loans	Interest rates	Fees
Corporate lending	Rates may vary	Fees may vary
Small business lending	Rates may vary	Fees may vary
Equipment lending	Rates may vary	Fees may vary

Accounts	Interest rates	Fees
Checking	-	No overdraft fees
Wealth management	-	-

Loans	Interest rates	Fees
Corporate lending	Rates may vary	Fees may vary
Equipment lending	Rates may vary	Fees may vary

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