RS Teen

RS Teen

The Savings Account that Rewards you for Saving

The savings account that rewards you for saving RS Teen is a part of the RightStart Account which caters specifically to teenagers aged 13 to 19 years.

As an RS Teen member, you get a specially designed Membership Card which is also a Republic Bank OneCard.

Also, follow RS Teen on Instagram and you’ll be up to date on all the latest promotions and activities where you can win great prizes!We calculate interest on minimum monthly balances of $20 or more and pay it into your account on the 20th of each month.

Here are the Features & Benefits of your RS Teen account:
  1. FREE RS Teen OneCard
    • Convenience of 24/7 access to your account via the Blue Machine, the largest ABM network locally
    • Daily ABM withdrawal limit - $4,000/day
    • Flexibility of paying for goods and services at LINX merchants nationwide without carrying cash around!
    • Daily Point of Sale (POS) limit - $7,500
    • Immediate access to funds in an emergency
  1. FREE pocket wallet to protect your OneCard from damage
  1. No restrictions on deposits or withdrawals
  1. FREE auto transfers from any Republic Bank account to a RS Teen account. Making regular monthly deposits to your account is hassle free!
  1. FREE Gift Certificates. Ask for a special gift that keeps growing
  1. FREE and instant access to your account with RepublicOnline, RepublicMobile App or RepublicMobile SMS electronic banking services
  1. FREE local drafts for school
Help choose the account that’s right for youCompare Now!

Interest Rate Service Fees Guide
Current rate: 0.25% paid on the last day of the month on minimum monthly balances of $0.00 and over.

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:

Identification requirements if you are:
  • New to Republic Bank and accompanied by an adult
  • New to Republic Bank and unaccompanied by an adult
  • Non-Resident or Foreign Based National
One (1) form of Identification which clearly states your nationality (e.g. National Identification Card or Passport).

Kindly note the following:
  • Where a Drivers License has been presented which does not explicitly state your nationality, you would be required to provide another form of Identification such as your National ID, Passport or any other document that validates your nationality, for instance your Birth Certificate
  • If you have dual nationality, you are to provide one (1) form of Identification stating the nationality relating to each country of which you are a national.
New to Republic Bank and accompanied by an adult
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?

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

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.
Go to top