SBIC Bank · U.S. checking accounts

SBIC Active Account

Checking with a $100 opening deposit and $10 monthly fee, waived by maintaining at least $100 every day. No interest is paid. Includes digital banking and up to 15 outside-ATM surcharge reimbursements per statement cycle.

Pros

Maintain $100 minimum daily balance to waive the $10 monthly fee.
Up to 15 outside-ATM surcharge reimbursements per statement cycle.
Online and mobile banking, debit card and branch access.

Cons

Falling below the daily-balance requirement can trigger a $10 fee for that statement cycle.
Account balances earn no interest.
Paper statements cost $5 per cycle; eStatements are free.
Published instructions request SSN, ID and proof of address; confirm any ITIN route with the bank.

Generated from the provider's published terms and reviewed against official sources.

Costs and key facts

Recurring fee	10 (currency not confirmed)
Minimum opening deposit	100 (currency not confirmed)
SSN requirement	Conditional
ITIN accepted	Conditional
Credit check	NotStated

Fee waiver: Maintain a $100 minimum daily balance.

Eligibility and application requirements

U.S. address: Required

Residency and other conditions: U.S. residents age 18+ with identification and proof of address. Page requests SSN; joint-account instructions also mention ITIN. Confirm accepted tax-ID route and additional noncitizen documents.

Geographic restrictions: Not confirmed. Confirm availability in your state.

Product review: 31 Oct 2026. Source retrieval dates below are separate from editorial verification. An accepted ITIN does not establish residency eligibility.

Compare u.s. checking accounts requirements and costs · How we assess published requirements

Service fees

Overdraft / returned item	Not confirmed
Outgoing domestic wire	25 (currency not confirmed)
Incoming wire	15 (currency not confirmed)
Outgoing instant transfer	Not confirmed
Incoming instant transfer	Not confirmed
Global remittance	Not confirmed · Online SendMoneyEZ rupee remittance has no bank transfer fee within limits. In-branch, exchange-rate and other fees may apply.
Allpoint ATM	Not confirmed
Other ATMs	Up to 15 domestic/international outside-ATM surcharges reimbursed per statement cycle, credited when the transaction posts under account terms.
Cash deposit	Not confirmed