Republic Bank introduces the First Step Savings Account for the Unbanked

Published on January 26, 2026

Republic Bank (EC) Limited is proud to announce the launch of the First Step Account (FISA), introduced on September 1, 2025, to provide accessible banking solutions for individuals who may not meet traditional account-opening requirements.

Available at all Republic Bank branches across Anguilla, Dominica, Grenada, St. Kitts & Nevis, St. Lucia and St. Vincent & the Grenadines, the First Step Account can be opened with just one valid photo ID -such as a national ID card, driver’s license, or passport.

This account is specifically designed for those unable to provide proof of income or address, which are common barriers to entry in the formal banking system. The First Step Account is aligned with the Eastern Caribbean Central Bank’s (ECCB) regional initiative under the ECCU First Step Savings Account framework, aimed at expanding access to basic banking services.

It also reflects Republic Bank’s commitment to sustainable banking, as a signatory to the UN Principles for Responsible Banking, and supports United Nations Sustainable Development Goals. SDG 8: Decent Work and Economic Growth.

By offering a secure and affordable entry point into the financial system, Republic Bank is helping to build a more inclusive and financially resilient Eastern Caribbean.

Customers who open the First Step Account will also have access to Republic Bank’s suite of services, including:

• ATM access
• Debit card usage
• Republic Online and Republic Mobile banking
• Bill payment services.