First Bank of Delaware is state-charted banking institution with two prime branch locations in the largest state city of Wilmington. It offers personal and business banking solutions, coupled with quality customer services.
First Bank of Delaware: Personal Banking
First Bank of Delaware provides a wide array of personal banking services for individuals and families, targeting individual financial requirements. Personal banking services from First Bank of Delaware include:
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Checking accounts: The bank has different types of checking accounts based on minimum balance requirements. One can open a free checking account with a minimum deposit of $100. No minimum balance is to be maintained after opening a free checking account. An interest checking account requires low minimum balance ($1,000) but pays interest on the account balance. The preferred checking account is targeted towards valued customers. It offers several benefits, such as discounts on home equity loans and high interest rates on CDs (certificate of deposits). However, it requires a minimum account balance or $15,000. Preferred interest checking accounts are also available with $25,000 as the minimum balance amount.
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Savings account: First Bank of Delaware offers index savings, money market accounts, CDs and treasury CD to meet the savings needs of its customers.
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Personal loans: First Bank of Delaware provides personal loans and lines of credit based on an individual’s credit ratings. Most popular loan products are home equity credit and auto loans.
First Bank of Delaware: Business Banking
Business banking products available from First Bank of Delaware include:
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Commercial loans: The bank offers line of credit and term loans for business customers. It also offers government guaranteed loans to qualified small businesses.
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Commercial real estate: This service offers businesses loans for residential construction, offices, hospitality and mobile home parks.
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Cash management: First Bank of Delaware allows businesses to manage cash flow from different payment gateways. Cash management services include online transfer, remote deposit, wire transfer, Positive Pay and zero balance accounts.
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Business Checking: Small business and business checking accounts are available based on the monthly transaction volumes.
First Bank of Delaware offers ATM access and online banking facility to all its customers. Online services include money transfer, electronic statements, online alerts, and bill payments.