The benefit to you
Sovereign Basic Savings gives you fast access to your money and features a low average daily balance requirement of just $250.
The costs you will incur
There is a $1 monthly account maintenance fee if your average daily balance is below $250.
What you need to proceed
Opening a Basic Savings account is easy. To open an account, you'll need to provide the following information for each person named on the account:
- Social Security Number
- Current address and prior address if you have lived at your current address for less than 2 years
- Driver's license number
- School/employment information
- Phone number and email address
Equal Housing Lender - Member FDIC
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