Requirements to open a First Niagara Bank checking account vary depending on the type of checking account chosen, as First Niagara Bank explains. Minimum daily balance requirements range from nothing to $5,000.
First Niagara Bank requires no minimum opening deposit or minimum daily balance for its student checking accounts, and its Simple Checking account only requires a deposit of 1 cent per month. On the other end, the Pinnacle Plus interest-earning checking account requires a minimum daily balance of $5,000 or combined balances of $50,000 across all First Niagara accounts. The Pinnacle Checking account program requires a minimum daily balance of $3,000, and the Choice account requires a minimum daily balance of $300, though direct deposit or a minimum of 10 debit card transactions per month may replace this requirement, according to First Niagara Bank.