We’re glad you asked! Customers who already have a checking or savings account with us can open an account online, in person at one of our locations or give us a call. To open a new account using online banking, simply click “Open an Account” from the main navigation bar. To open a new account in the mobile app, go to the “More” menu and select “Open an Account.”
Note: Online account opening is not available on accounts for minors.
Switching to Gate City Bank from your old bank is incredibly easy. We’ll even pay you $251 when you bring in your debit card and unused checks from another financial institution! Plus, we’re happy to help you open new accounts, as well as change any direct deposits or automatic payments as appropriate.
To assist in moving your automatic payments, please bring a recent billing statement for each so we can obtain the merchant’s address, your account number with that merchant and a telephone number if we need to contact them.
While both savings and money market savings accounts are FDIC-insured, there are three main differences between the two accounts. The first difference is the minimum-balance requirement:
The second difference is in interest earned. Money market savings accounts have a higher minimum balance requirement but will earn a higher interest rate than a traditional savings account. View our current rates for savings accounts and money market savings accounts.
The final difference is free checks are provided to access your funds with money market savings accounts. Checks are not available with traditional savings accounts.
If a parent will be a co-signer on the account, we’ll ask for identification from the parent. When a child or minor opens an account without a parent, we may use a student ID card. However, if they don’t have one, identification by a family member, friend, banker or teacher may be acceptable.
In addition to the above forms of ID, we’ll need the minor’s Social Security number.
When opening your checking or savings account, you’ll need to provide the following:
1 Conditions apply. Check and debit card bonus will be credited the same day and does not count toward the $50 minimum deposit when opening an account. Subject to 1099-INT reporting.
2 Maintain the minimum daily balance to maintain the disclosed annual percentage yield (APY). For a high yield savings account, if the balance falls below $125,000, interest rate and APY will adjust to the lower yield. The interest rate and APY are accurate as of the effective date shown above only, and are subject to change without notice, at Gate City Bank's discretion. Fees, including service fees, may apply and could reduce earnings on the account. See fee schedule for details.