Republic Bank (EC) Limited announced 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, Saint Lucia and St Vincent and 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
- RepublicOnline and RepublicMobile banking
- Bill payment services.
“We want every resident to feel welcome in the banking system,” said Ron Leon, Senior Manager Corporate Services, Republic Bank (EC) Limited. “The First Step Account is about removing barriers and opening doors. We’re committed to being part of the solution by making banking more accessible to all.”
For more information, including how to apply, customers are encouraged to visit our website or their nearest Republic Bank branch.
