Commercial Deposit Accounts
First Bank is a part of the Allpoint ATM network where our customers have access to over 55,000 Surcharge-Free ATM's in all 50 states, Mexico, Puerto Rico, United Kingdom and Australia.
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.
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 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.
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.
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
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.
FDIC Deposit Insurance
Notice of Expiration of the Temporary Full FDIC Insurance Coverage for Noninterest-Bearing Transaction Accounts
Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit ownership category.
For more information about FDIC insurance coverage of noninterest-bearing transaction accounts click to visit the FDIC Insurance Web Site