Commercial Deposit Accounts
Checking Accounts
Truly Free Checking
With no minimum balance and 500 free transactions each month, First Bank’s Truly Free Checking account allows business owners to do their banking without incurring unnecessary fees. A 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 over monthly maximum of 500.
Commercial Checking
For businesses with numerous monthly transactions, First Bank's Commercial Checking Account offers a small monthly maintenance fee of $10.00, a $.17 fee for each check paid, a $.25 fee per deposit, $.14 per deposited item and $.15 per ACH item. Not only do Commercial Checking account owners receive a Business ATM / Debit card, online banking and bill payment, but they also receive an earnings credit to help offset fees.
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 has no minimum daily balance requirement. This affordable interest-bearing account also offers a Business ATM/Debit card and FREE online banking 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 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.
*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, a 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. Regulation D limits certain types of withdrawal and transfer transactions you can make out of your account to a maximum combined total of six per statement cycle. Please refer to account agreement for details.
*Check here for current rates.
First Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under this program, through December 31, 2010 all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules. Noninterest-bearing transaction accounts include NOW (Negotiable Order of Withdrawal) accounts earning an interest rate of 0.50% or less and all IOLTA (Interest on Lawyers Trust Accounts).
