Business Banking - Checking & Savings

Whether your business is large or small, First Bank has an account to fit your business needs. Our staff is eager to assist you with finding ways to help you and your business become successful! We have several accounts from which to choose:

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

Free Business Checking
Minimum opening deposit of $100.00. No monthly service fee or minimum balance required. 100 checks per month. Excess transaction fee of 45¢ per check for all checks over 100 per month. No transaction fee for credits, ACH, AFT, or ATM debits. Excess transaction fee is not based on minimum daily balance. Return items $2.50. Credit inquiries $3.50. Bounce Protection™ limit up to $300.00**

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Enterprise Checking for the Small Business
Minimum opening deposit of $200.00. Monthly maintenance fee of $12.00 is waived if a $2,500 minimum balance is maintained. 200 checks per month. Excess transaction fee of 25¢ per check for all checks over 200 per month. No transaction fee for credits, ACH, AFT, or ATM debits. Excess transaction fee is not based on minimum daily balance. Return items $2.50. Credit inquiries $3.50. Cannot be interest bearing. Bounce Protection™ limit up to $1,000.00. **

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Commercial Checking

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NOW Account
Available to Sole Proprietors. You must deposit $1,000.00 to open a NOW Account. A service fee of $15.00 will be imposed if the average daily balance* for the monthly statement cycle falls below $1,000.00. At our discretion, we may change the interest rate on your account. Interest will be compounded every month. Interest will be credited to your account every month. No setup fee for ATM or Visa^® Debit card.

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Platinum Checking
You must deposit $2,500.00 to open a Platinum Checking Account. This account is a tiered-rate account. Tier levels are categorized as: Less than $2,500 and More than $2,499.99. Your interest rate and annual percentage yield may change. A service charge fee of $15.00 will be imposed each monthly statement cycle if the average daily balance* for the monthly statement cycle falls below $5,000.00. Free unlimited bank stock checks (design W-GYS or W-IP; does not include duplicates). No setup fee for ATM or Visa^® Debit card.

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Money Market Account
Minimum deposit of $2,500.00 to open this account. A service fee of $15.00 will be assessed if the average daily balance* in the account falls below $2,500.00. An excess withdrawal fee of $15.00 will be charged for each debit transaction in excess of six during a month. At our discretion, we may change the interest rate on your account. Interest will be compounded every month. Interest will be credited to your account every month. No setup fee for ATM or Visa^® Debit card.

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Future Fund Account
Minimum deposit of $20,000.00 to open this account. A service fee of $15.00 will be assessed if the balance in the account falls below $20,000.00 any day of the monthly statement cycle. An excess withdrawal fee of $15.00 will be charged for each debit transaction in excess of six during a month. At our discretion, we may change the interest rate on your account. Interest will be compounded every month. Interest will be credited to your account every month. No setup fee for ATM or Visa^® Debit card. Transaction limitations⁺.

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High Yield Money Market Account
You must deposit $75,000.00 to open this account. This account is a tiered-rate account. Tier levels are categorized as: Less than $75,000; more than $74,999.99 but less than $100,000; more than $99,999.99 but less than $200,000; more than $199,999.99. Your interest rate and annual percentage yield may change. Interest will be compounded & credited to your account every month. Transaction limitations⁺.

A service charge fee of $15.00 will be imposed each monthly statement cycle if the daily balance falls below $75,000.00. An excess withdrawal fee of $15.00 will be charged for each debit transaction in excess of 6 during a statement cycle. No setup fee for ATM or Visa^® Debit card.

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Savings Account
Minimum deposit of $100.00 to open this account. A service fee of $2.00 will be assessed if the average daily balance for the quarterly statement cycle falls below $100.00. An excess activity fee of $2.00 will be charged for each debit transaction in excess of 3 during a quarter. At our discretion, we may change the interest rate on your account at any time. Interest will be compounded every quarter. Interest will be credited to your account every quarter. Transaction limitations⁺.

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We use the daily balance method to calculate the interest in your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items, such as checks. Interest will be compounded and credited to your account every month on a checking account or quarterly on a savings account.

Your interest rate and annual percentage yield (APY) may change. The bank may change the interest rate on your account at any time, at our discretion.

The average daily balance is calculated by adding the principal in the account for each day of the period dividing that figure by the number of days in the period.

+ Transfers to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to 6 per month with no more than 3 by debit card or similar order to third parties. Payments to a First Bank loan are not counted toward this limit. Other transfers not included within the 6 transfers are: telephone transfer, debit card/POS, checks, online transfer, and ACH debit transactions. We do not recommend using this account for bill payment purposes. If you exceed these restrictions, you may incur service charges and federal law requires us to close your account for repeated violations.

Bounce Protection™ is an overdraft privilege requiring no action on your part. You can access your Bounce Protection™ through any teller, ATM, First Bank Visa® Debit card purchase, checks issued to a third party, any pre-authorized debit, or other electronic means. You should note that your Bounce Protection™ limit will be included in your available balance provided by a teller, ATM machine, Visa® Debit card, Online Banking, or our 24-hour ACCESS phone line. You will be charged a $25.00 NSF fee for each item paid under the Bounce Protection™ limit. You should make every attempt to bring your account to a positive balance within 30 days. See our new account representatives for more details regarding this service. Visit this page for more information.

Click here to read about Electronic Funds Transfers: Your Rights and Responsibilities