What is a security deposit?
A security deposit is required to obtain a Secured Credit Card. The amount of your security deposit is 110% of the amount of your credit limit. By submitting the application you are authorizing us to electronically withdraw the amount indicated on the application. The amount must be between $550 and $5,500 (multiples of $50).
This withdrawal may occur as soon as your application is approved. You may revoke this authorization only by contacting FNBO at 1-800-444-6220 before your application is approved. You will receive a letter confirming this transaction in 7-10 business days.
Click here for more information about the secured deposit process