Presidential Online Bank

New Account Application Instructions

 
If you are submitting your application online:
  1. Complete the Online Application.  You must supply the information marked with a red (*) asterisk, or the form will not be accepted.
  2. If you leave any of the required fields blank or input them with improper symbols, you will receive an error message. To make the correction, click the OK button, and make the corrections in the appropriate box. To clear all entries on your application, click on the clear button at the bottom of the page.
  3. When you have completed the Online Application, click on the Submit button at the bottom of the form.
  4. Your browser software will automatically encrypt your data so that it cannot be read by anyone outside of Presidential®. 
  5. The 2nd page of the Online Application, will appear. The information you have entered will appear, along with your Signature Card. Confirm this information and then print the page.
  6. Sign the Signature Card in two places, include your initial deposit check, and mail to:

    Presidential Online Bank
    ATTN: New Accounts
    4520 East-West Highway
    Bethesda, MD 20814

  7. Make out the check for the initial deposit to "Presidential Online Bank".  All initial deposits must be in U.S. Dollars.  Your initial deposit must precede or be included with the signed application to open the account. Third-Party checks are NOT acceptable. Personal checks must be preprinted with the name and address of at least one of the new account holders. Cashier's checks used to open an account must show at least one of the new account holders as the remitter.
  8. Another way to fund your new account is through eCheck. This is a service of Presidential Bank to help you easily transfer money into your new account. This site is on a secure server and all information is kept strictly confidential. eCheck will automatically draft a hard copy of a check that will go directly to your bank.
  9. For a joint, corporate or partnership account, all authorized account signers must sign the Signature Card.  Only the person whose Taxpayer ID is designated for the account is required to sign the Taxpayer ID Certification.
  10. You will receive a confirmation letter and a deposit receipt within a few business days. You will start earning interest on your account (for interest-paying accounts) immediately upon receipt by Presidential® of your initial deposit, so long as all necessary forms are signed and returned within thirty (30) days.
  11. All new account applications are subject to acceptance.  Presidential® reserves the right to require appropriate additional documents to open corporate, partnership and fiduciary accounts.

 
If you are printing out and mailing your application:
  1. Complete the Mail-in Application by entering all required information. You can do this by entering the information online and printing the form (there is no security risk in doing this, and you can not submit this form online), OR you may print out the form and hand write the information.
  2. You must supply the information marked with a red (*) asterisk, or the form may not be accepted. The application must be signed in two places and mailed, along with the initial deposit check to:

    Presidential Online Bank
    ATTN: New Accounts
    4520 East-West Highway
    Bethesda, MD 20814

  3. Make the check for the initial deposit into your new account payable to "Presidential Online Bank".  All initial deposits must be in US Dollars.  Your initial deposit must precede or be included with the signed application to open the account. Third-Party checks are NOT acceptable. Personal checks must be preprinted with the name and address of at least one of the new account holders. Cashier's checks used to open an account must show at least one of the new account holders as the remitter.
  4. For a joint account or corporate or partnership account, all authorized account signers must sign the Signature Card. Only the person whose Taxpayer ID is designated for the account is required to sign the Taxpayer ID Certification (this form is required by the IRS). 
  5. You will receive a confirmation letter and a deposit receipt within a few business days. You will start earning interest on your account (for interest-paying accounts) immediately upon receipt by Presidential® of your initial deposit, so long as all necessary forms are signed and returned within thirty (30) days.
  6. All new account applications are subject to acceptance.  Presidential® reserves the right to require appropriate additional documents to open corporate, partnership and fiduciary accounts.

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Presidential Bank reminds you that email is NOT a secure means of communication. We encourage you to maintain contact with us through this medium, but please refrain from including personal information such as account numbers, Tax ID/Social Security numbers, passwords, etc. Help us keep YOUR personal information PRIVATE!
email@presidential.com
© 1995, 2001 - 2007 Presidential Bank, FSB
last updated 01/02/2007 lmm
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