New Frontier Account Type

New Frontier offers various types of accounts tailored for different trading needs. These include:

• Thrifty Business Checking Account
• Minimum opening deposit: $100.00
• First 150 transactions are free; each transaction over 150 incurs a fee of $0.35.
• Monthly service fee of $3.00 waived if the account receives e-statements.
• Business Checking Account
• Minimum opening deposit: $100.00
• No charge for the first 500 transactions; $0.40 for each transaction over 500.
• Monthly service fee of $15.00 if the average daily ledger balance falls below $5,000.00.
• Corporate Checking
• Minimum opening deposit: $500.00
• Monthly fee of $15.00 with earnings credit based on the 4-week average of the 91-day U.S. T-bill rate.
• Business Savings Account
• Minimum opening deposit: $500.00
• Monthly fee of $5.00 if the average daily ledger balance falls below $750.00.
• Interest calculated daily and credited monthly.
• Business Money Market Account
• Minimum opening deposit: $500.00
• Monthly fee of $10.00 if the average daily ledger balance falls below $5,000.00.
• Business Plus Package
• Minimum opening deposit: $200.00 (combined for checking and money market).
• Monthly service charge of $15.00 if combined average daily balance falls below $15,000.00.

New Frontier Broker Account Opening Process

To open an account with New Frontier, follow these steps:

• Select the Type of Account: Choose the account type that best fits your trading needs from the options listed above.

• Complete the Application: Fill out the online application form with your personal and financial information. This typically takes less than 15 minutes.

• Provide Identification: Upload required identification documents such as a government-issued ID and proof of residence.

• Deposit Funds: Fund your account through various methods, including bank transfers or credit cards. Ensure you meet the minimum deposit requirement for your chosen account type.

• Confirm and Start Trading: Once your account is funded, you will receive confirmation, and you can begin trading by accessing the broker's trading platform.

For more detailed information, visit New Frontier Bank.