The Eastern Caribbean Central Bank has introduced the ECCU First Step Savings Account, a basic savings account that citizens and residents across the Eastern Caribbean Currency Union can open at financial institutions in the region to address barriers to opening bank accounts. The initiative, delivered in collaboration with the ECCU Bankers Association and the Ease of Account Working Group, sits within the ECCB’s financial inclusion and ease of account opening strategy. Key features highlighted include a common product name and a consistent customer experience across ECCU jurisdictions, with no monthly fees and no minimum deposit required to maintain the account.
Eastern Caribbean Central Bank 2025-05-08
Eastern Caribbean Central Bank rolls out the ECCU First Step Savings Account to simplify basic account opening for unbanked and underserved residents
The Eastern Caribbean Central Bank launched the ECCU First Step Savings Account to enhance financial inclusion and ease account opening across the Eastern Caribbean Currency Union. Developed with the ECCU Bankers Association and the Ease of Account Working Group, the account offers a uniform experience with no monthly fees and no minimum deposit requirement.