RightStart

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Growing Up With the Plan for Tomorrow

If you are under 19 years of age, then you can be a RightStarter. RightStart gives you all the flexibility of a banking account, including an ABM Card and some really cool RightStart Club benefits!
What is RightStart?

RightStart is the savings account for you if you are 19 years and under. It’s only available at our bank. We calculate interest on minimum monthly balances of $20 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 Mummy and Daddy about your savings goal and ask them to help you save towards it. So for your next birthday or next Christmas, when they ask you what you want, ask for a gift of money or a RightStart Gift Certificate.

You can get a RightStart Gift Certificate at any Republic Bank branch and it is FREE! Save your Gift Certificate money and watch your savings grow!

And best of all, with a RightStart account, you get FREE membership to our exclusive RightStart Club. As a club member, you get special discounts at music stores, book stores, fast food outlets and much more!

N.B. As soon as you open a RightStart account, you automatically become a RightStart Club member. But remember you have to open a RightStart Account first.

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 quarterly statements

Keep track of your account balance

FREE OneCard (LINX Card) available to all account holders:

0-6 years old: card issued in parent's name

7 years & older: card issued in child's name with the consent of the adult in whose name the account is jointly held

Get convenient 24/7 access to your account via the Blue Machine, the largest ABM network locally

Enjoy the flexibility of paying for goods and services at LINX merchants nationwide- no need to carry cash!

Get immediate access to funds in an emergency

Get FREE local and foreign drafts for school

No need to leave home! With electronic banking, you can:

  • check your account balances (including credit card and VTM card balances)
  • transfer funds between self-linked Republic Bank accounts
  • pay credit card and utility bills

and much more!

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

Save money

FREE OneCard wallet

Making regular monthly deposits to your account is hassle-free

FREE RightStart Record Book

Protects your OneCard from damage

Gift Certificates available at all branches at desired value (for credit only to RightStart account)

Track your account transactions

Receive a special gift that keeps growing

And best of all, you get FREE membership for our exclusive RightStart Club. As a Club member, you get special discounts at music stores, book stores, fast food outlets and much more! Click here to see the listing.

Interest Rate Service Fees Guide
Current rate: 0.15% paid on the last day of the month on minimum monthly balances of $20.00 or more. No Monthly Maintenance Fees

Cost of ABM withdrawals at Republic Bank ABMs:

  • Approved- $0.75
  • Declined - $0.75

ABM Transactions at other banks:

  • Approved Cash Withdrawal - $4.00
  • Declined Cash Withdrawal - $1.15
  • Approved Balance Enquiry - $0.75
  • Declined Balance Enquiry - $0.75

Teller fee of $3.00 apply. Customer allowed one (1) FREE cash withdrawal at the teller per month thereafter, the teller fee will be charged.
What you will need

Before visiting our branches, ensure you have the following documents:

New to Republic Bank and accompanied by an adult

One (1) form of Identification

Adult should bring:

Two (2) Forms of ID (e.g. National Identification Card, Passport or Driver's Licence)
Utility Bill; Authorization Letter if Bill is not in your name
Job Letter
Pay slip
Reference Letter (In some cases)
Required Deposit for opening minimum- $20

New to Republic Bank and unaccompanied by an adult?

Two (2) Forms of ID
Utility Bill; Authorization Letter if Bill is not in your name
Reference Letter (In some cases)
Required Deposit for opening minimum- $20

For Non-Residents or Foreign Based Nationals

Two (2) forms of valid photographic ID
Utility Bill in the customer’s name valid for three (3) months (Telephone, Electricity, Water, Cable/Internet)
N.B. Where the utility bill is not in the customer’s name, the customer can submit the lease agreement, where available, or a letter from the landlord addressed to the Bank.
Proof of income:

  1. Salaried individuals - Job Letter and a recent payslip dated within the last three (3) months
  2. Self-Employed individuals will be required to submit further financials;
    • Up-to-date Audited Financial Statements (for the last three (3) years) OR
    • Management Accounts (for the last three(3) years) OR
    • Statement of Affairs and Statement of Income & Expenditure (these are available at the Sales Department upon request)
    • For a start-up entity*: An opening Balance Sheet & Cash Flow projections
Reference letter from the customer’s bankers abroad (not required where a non-national has proof of legal status and has been residing in Trinidad and Tobago for over five (5) years)
Where applicable, Work Permit/ CSME Certificate/ Other official document granting permission for employment/ Letter of enrollment/acceptance from Institution in Trinidad & Tobago (for Students only)

*Start-up entity refers to entities which have been in operation for less than three (3) years.
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