Serving thousands of families in the State of Delaware, First Bank of Delaware is a full-service, state chartered bank catering to the needs of individuals, businesses, and families alike. Offering competitively priced products, First Bank of Delaware lays a platform providing services to help you meet your financial goals.
First Bank of Delaware specializes in both Personal Banking Services, and Business Banking Services. Being locally operated and located in the State of Delaware, the residents of the State have major advantage banking with the Group as they have direct access to the decision makers and the turnaround time is comparatively very low compared to the other private or public banks located in the State of Delaware. This would easily enable you to capitalize on the opportunities without causing any delay.
The Brighter Side
ThinkCash
First Bank of Delaware works hand in hand with ThinkCash – a lending service that provides short-term loans with fee at only $1.00 on $100.00 per day. ThinkCash does not offer payday loans, but their loans are cheaper and the payment options are convenient; also the loans are processed very quickly. These loans are processed through First Bank of Delaware and may not necessarily depend on your credit history even though their approval is subject credit approval. Once ThinkCash finds you eligible, funds are immediately transferred to your checking or business account by the First Bank of Delaware the next business day. The biggest advantage while securing a loan with ThinkCash is that you need not stress yourself to repay the loan quickly to avoid finance charges.
Personal Banking – With Personal Banking Services, the First Bank of Delaware has specialized itself for specific needs. It gives neck to neck competition to the major brands with its objective of enabling its customers to reach their goals and managing money more efficiently and effectively by offering various services like checking accounts, home equity loans, and online banking facility.
Personal Online Banking – Sitting right at the comfort of your home, being a privileged First Bank of Delaware customer, you can manage your money 24/7 and check your account balances, transfer funds from one account to another, pay bills for FREE, set up recurring bill payments, such as your rent or mortgage, to occur automatically, make First Bank of Delaware loan payments, place stop payments, view cancelled checks, download information to various software packages, such as Quicken® or Money®, and download monthly statements to eliminate excess paper.
Personal Checking – First Bank of Delaware has worked real hard to devise some of the best low-cost personal account facilities that don’t burden you with high fees. You may opt for any of the accounts like Free Checking, Interest Checking, or Preferred Interest Checking Account.
Personal Savings – Call them savings for a car, furniture, home, education, or future, all of the Personal Savings Accounts offered by First Bank of Delaware are equipped with FDIC protection. Your options include Statement Savings, Money Market Account, Premier Money Market Account, or even Certificates of Deposit.
Loans & Lines of Credit – In need of money for your home improvement, or need to pay your college fees? First Bank of Delaware has the right solution for you to meet your needs. Avail any of the Home Equity Credit, Auto Loans, or Personal Unsecured Installment Loans and enjoy the best interest rates available in the market.
Business Banking – First Bank of Delaware is also proud of helping businesses grow with a wealth of products and services. This includes commercial loans, cash management, and savings accounts. First Bank of Delaware focuses on the overall improvement of the community by empowering businesses to grow stronger. First Bank of Delaware offers a full line of products and services related to business banking teamed up with a group of professionals known for their expertise in the banking industry and who also know what it takes to make a business move to the higher levels.
If you are an established business owner or a budding entrepreneur, you are assured that you are bound to develop a customized relationship that you would never dismay whatever the product is: loans, deposit products, cash management, personal banking solutions.
Business Online Banking – Through the business online banking facility, First Bank of Delaware knows that managing the cash flows is one of the hectic tasks in running a business. It has come up with a cash management program that you can access by simply getting a computer or a laptop. Through the online balance, reporting and transaction services, a business banking customer at First Bank of Delaware can monitor account balances and cash flow, initiate electronic payments, track client funds, enjoy secure and flexible application.
Commercial Loans – First Bank of Delaware strongly believes that money should not be the primary hurdle ruining your business dreams. So, when you are looking for a line of credit for financing short-term working capital, or looking out for a loan to purchase any kind of equipment, or even if it’s for leasing out something that would help you to move ahead in your business objectives, First Bank of Delaware is always by your side. It offers excellent commercial solutions and suggests commercial lenders who can understand your goals, assist you, and come up with a solution meeting your requirements.
Commercial Real Estate – Be it any of the real estate constructions like residential multifamily, office, rental, mixed use, self-storage, mobile home park, or hospitality; if you are a developer new to the State of Delaware and have a vision of building a new neighborhood or if you are a business entity seeking out a new facility to expand your business, First Bank of Delaware understands the nuances of real estate lending and provide its complete support to you developing customized solutions.
Cash Management – As already stated, managing cash flow with hundreds of transitions happening every day is one of the most critical things and when you are looking out for ways to manage your cash flow more efficiently, and move funds effectively, the knowledgeable experts at First Bank of Delaware will team up with you to tailor the best cash management solution for you. Your business will enjoy a smooth flow with the numerous facilities provided like Online banking, Remote Deposit, Wire Transfer, Direct Deposit, Automated Clearing House (ACH), Positive Pay, Zero Balance Accounts, Account Reconciliation, Deposit Reconciliation, IOLTA Accounts, Master Escrow Account Service, and International Banking Services. In addition, First Bank of Delaware also offers excellent Business Checking, and Business Savings Solutions.
The not-so-bright side
Even though the First Bank of Delaware offers Personal Banking and Business Banking Services, it is popularly referred to as a subprime lender. A subprime lender is a financial institution that lends in a way not meeting the ‘prime’ standards i.e. most of the customers are usually people with FICO Scores below 640. Being a subprime vendor, there are many mortgages and loans that First Bank of Delaware offers, but it is the four brands of credit cards offered by First Bank of Delaware that are popular. They are Continental Finance Credit Card, the Simply Gold MasterCard, the Imagine Gold MasterCard and the Tribute MasterCard.
The biggest drawback with these unsecured cards is with fees that touch the skies. For e.g. the Continental Finance MasterCard holder is left with only $35.00 on their initial credit (out of $300.00) with a whopping amount of $270.00 being deducted for the set-up, annual, and monthly fees. The Annual Percentage Rate (APR) is also higher compared to the other unsecured cards available in the market. Ensure that you fully understand the terms and conditions before applying for a First Bank of Delaware Credit Card.
The First Bank of Delaware has two branches and is headquartered at Brandywine Commons. The address (both mailing and physical) is: Brandywine Commons, 1000 Rocky Run Parkway, Wilmington, DE 19803 and the contact number is (302) 529-5984. The second branch is located at Limestone Branch – 5301 Limestone Rd., Suite 106, Wilmington, DE 19808 and the contact numbers are P: (302) 239-3627, and F: (302) 239-3628. Customers may call The First Bank of Delaware at 888-FBD-3511 for general enquiries.
Website: www.fbdel.com