Commercial Deposit Accounts
Checking Accounts
Truly Free Checking
With no minimum balance, 500 free transactions each month (checks, deposits and deposited items), and 10 free ACH debits each month, First Bank’s Truly Free Checking account allows business owners to do their banking without incurring unnecessary fees. A FREE Business ATM/Debit card offers easy access to cash, while FREE online banking and bill payment and images of cancelled checks included with your monthly statement makes it easy to track your income and expenses.
*$2.00 for each additional transaction (check, deposit or deposited item) over monthly maximum of 500. $.15 for each additional ACH debit over monthly maximum of 10.
Commercial Checking
For businesses that process a large number of transactions each month, First Bank offers the Commercial Checking Account. A convenient and economical business banking solution, Commercial Checking includes a FREE Business ATM/Debit card, online banking and bill payment, and a monthly earnings credit. By taking advantage of the earnings credit, Commercial Checking customers have the opportunity to offset most, and possibly all, of the fees associated with their monthly transactions.
*Monthly maintenance fee of $10.00. $.17 fee for each check paid, $.25 fee per deposit, $.14 per deposited item, and $.15 per ACH item.
Nonprofit Checking
Nonprofit organizations can take advantage of First Bank’s Nonprofit Checking account, which earns a competitive rate of interest*, charges no service fees, and no minimum daily balance requirement. This affordable interest-bearing account also offers FREE Business ATM/Debit card and FREE online and bill
pay service.
*Check here for current rates.
Rent Security
Your First Bank Rent Security Account is a unique type of business checking account. It allows you to maintain a single checking account while keeping the funds in the account segregated - earning interest for each individual tenant.
MATS
Your First Bank MATS Account (Multiple Account Trust System) is a unique type of business checking account. It allows you to maintain a single checking accounts while keeping the funds in that account segregated - earning interest for various entities: i.e. for different clients or entities within the same company or organization.
Savings and Money Market Accounts
Business Savings
With a minimum balance of only $1,000, First Bank’s Business Savings account gives business owners an opportunity to earn interest on their accumulated funds. A FREE Business ATM card offers accessibility, while a detailed monthly statement and online banking service make it easy to manage your company’s finances.
*$1,000 minimum balance. $15 fee if balance falls below $1,000. Subject to Federal Regulation D. Federal Regulation D permits up to six pre-authorized transfers per statement cycle, of which three can be by checks payable to third parties.
*Check here for current rates.
Business Money Market
For business owners who keep larger account balances, First Bank’s Business Money Market offers a competitive rate of interest, along with check writing access, a detailed monthly statement, FREE Business ATM card and FREE online banking service. Interest is paid based on the following account balance tiers:
- $2,501 to $25,000
- $25,001 to $100,000
- $100,001 to $500,000
- $500,001 and above
*$2,500 minimum balance. $15 fee if balance falls below $2,500. Subject to Federal Regulation D.
*Check here for current rates.
