Personal banking accounts.
> Open An Account
Commercial banking accounts.
For assistance, call our New Accounts Hotline at 800-799-1424 (8 AM - 10 PM Eastern Time Monday - Friday)
Click "Mail-In Application" above, print out and complete the new account application, and mail it in with your initial deposit.
You can enter the information online before printing the form for convenience (there is no security risk in doing this, and you can not submit this form online).
New accounts can be funded from a check drawn on the business or by transferring funds from an existing Presidential business account in the same name.
(8 AM - 10 PM Eastern Time Monday - Friday)
Section 326 requires Financial Institutions to verify the identity of account holders to prevent the use of the U.S. banking system in terrorist and other illegal activity.
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
In some cases, identification for existing customers may be requested so the bank can ensure that it knows the true identity of our customers. Beginning May 11, 2018, new federal regulations require all banks to ask business customers who are opening an account for the identifying information (name, address, date of birth, social security number) of the business’ “beneficial owners". The rule defines a beneficial owner as:
This information is required under the Bank Secrecy Act and is intended to assist the government and law enforcement in the ongoing fight against money laundering and the financing of terrorism.
*APY = Annual Percentage Yield Presidential Bank reminds you that email@presidential.com is NOT a secure means of communication. Please refrain from including personal information such as account numbers, Tax ID/Social Security numbers, passwords, etc. We encourage you to maintain contact with us through our Secure Email service, located within Personal Online Banking. Help us keep YOUR personal information PRIVATE!