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RightStart Account

Future goals. Right access. Start them ahead

From birth to 17 years old, this is the right time to have a RightStart account!
What is RightStart?

RightStart is the savings account for you if you are 17 years and under. It’s only available at our bank. We calculate interest on minimum monthly balances of SRD25 or more and pay this into your account on the last day of every month.

What is savings?

Savings is money you put aside to use in the future.

Why should you save?

You should save: 

  • to get that special item that you need e.g. a book, a pair of shoes etc.
  • to have money at a later date e.g. to buy a birthday gift for Mummy, Daddy, sister, brother, even your best friend.
Why should you save in a Bank?
In a bank, we keep your money safe for you so that no one can access it without your permission.

You can get your money easily, wherever you are in the country, especially in case of an emergency.

Best of all, you earn interest so that your money grows. Interest is money the bank gives you as a reward for saving your money.
 
How can you get money to save?

To be a good saver, you must make saving an important part of your life. You have to decide that you want to save, look at the money you get daily/weekly/monthly and decide how much of it you can save. Sometimes you will find it difficult to save because there are so many things that you want like a new video game or a new pair of shoes.

To save, you need to learn to separate your wants from your needs. You may think, “How can I possibly save some of my allowance?” The answer is simple. Perhaps you can buy one (1) snack per week instead of two (2). You have to make a commitment to save!

Tell Mom and Dad about your savings goal and ask them to help you save towards it.

So come in and open your account today!
Here are the features of your RightStart account: Here are the benefits of your RightStart account:

Free Visa Debit Card available to all account holders:

0-14 years old OneCard issued in parent’s name only.

Over 14 years- A OneCard may also be issued to the minor provided the relevant liability/ responsibility clause on the Account Authorisation Form has been signed by the adult joint on the account.

Get convenient 24/7 access to your account via Republic Bank ATMs

Get immediate access to funds in an emergency

FREE access to RepublicOnline

With RepublicOnline, you can:

  • Check account balances
  • Transfer funds to your child's RightStart account

FREE auto transfers that allow payment from any Republic Bank account to your RightStart account

Making regular deposits to your child’s account is hassle-free and will increase your child’s savings
Interest Rate Service Fees Guide
Current rate: 4.50% paid on the last day of the month on minimum monthly balances of SRD25.00 and over. No Monthly Maintenance Fees

Cost of ATM withdrawals at Republic Bank ATMs:

  • Free
What you will need

Before visiting our branches or applying via RepublicOnboard, ensure you have the following documents:

Identification requirements if you are:
  • New and Existing Customers accompanied by an adult
  • Non-Resident or Foreign Based National
One (1) form of Identification which clearly states your nationality (e.g. National Identification Card or Passport) or any other document that validates your nationality, for instance your Birth Certificate.

New and Existing Customers accompanied by an adult
Adult should bring:
Form of identification (e.g. ID card, Driver's Licence or Passport)
Proof of Income: Employer’s declaration or pension declaration (not older than 1 month), recent salaryslips*
Proof of current address: recent CBB extract or recent invoice of utility company (not older than 3 months)
Student declaration
Family book or birth certificate
First deposit: minimum of SRD 25, USD 50 or Euro 50

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