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Business Checking Account Comparison Chart

DescriptionAccount FeesLimitationsRate InformationBalance Information
First Bank Business AccountTHIS CHECKING ACCOUNT IS DESIGNED FOR ALL BUSINESS CUSTOMERS.$5.00 monthly service charge, plus a $ .15 per item charge for each check written or debit made to the account (the first 30 items are at no charge) plus a $ .05 per item charge for each deposited check drawn on another financial institution. Earnings credit is based on the average collected balance maintained during a statement cycle calculated on a rate greater than or equal to the current NOW account.You must deposit $100.00 to open this account.
NON-PERSONAL NOW ACCOUNTTHIS INTEREST EARNING BUSINESS ACCOUNT IS DESIGNED FOR SOLE PROPRIETORSHIPS, NON-PROFIT CORPORATIONS, ORGANIZATIONS AND PUBLIC FUNDS. THIS ACCOUNT HAS UNLIMITED CHECK WRITING PRIVILEGES.$3.00 monthly service charge, plus a $ .10 per item charge for each check written or debit made to the account, plus a $ .10 per item charge for each deposited check drawn on another financial institution.You must deposit $500.00 to open this account.This Account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of non cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited, you will not receive the accrued interest.We use the daily collected balance to calculate the interest on the account. This method applies a daily periodic rate to the collected principal balance in the account each day. The term "collected" means when we receive credit for items you deposit. You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed annual percentage yield.
NON-PERSONAL SUPER NOW ACCOUNTTHIS INTEREST EARNING BUSINESS ACCOUNT IS DESIGNED FOR SOLE PROPRIETORSHIPS, NON-PROFIT CORPORATIONS, ORGANIZATIONS AND PUBLIC FUNDS. THIS INTEREST CHECKING ACCOUNT EARNS THE MONEY MARKET ACCOUNT RATE ON BALANCES OF $2,500.00 OR GREATER AND THE NOW ACCOUNT RATE ON BALANCES OF $1,000.00 TO $2,499.99. ALLOWS UNLIMITED CHECK WRITING PRIVILEGES.$7.50 monthly service charge if minimum daily balance falls below $2,500.00 during a statement cycle - no service charge if minimum daily balance is $2,500.00 or greater during a statement cycle.You must deposit $2,500.00 to open this account.This Account is an interest bearing account. The interest rate and annual percentage yield will depend upon the balance in the account as shown on the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited, you will not receive the accrued interest.We use the daily collected balance to calculate the interest on the account. This method applies a daily periodic rate to the collected principal balance in the account each day. The term "collected" means when we receive credit for items you deposit. You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.
FIRST MONEY MARKET ACCOUNTTHIS IS AN INVESTMENT CHECKING ACCOUNT DESIGNED FOR PERSONAL AND BUSINESS USE. INTEREST RATES ARE DETERMINED BY NATIONAL AND AREA INTEREST MARKET TRENDS. THIS ACCOUNT HAS LIMITED CHECK WRITING PRIVILEGES AND USE OF DISTINCTIVE MONEY MARKET CHECKS ARE REQUIRED.$6.00 monthly service charge if minimum daily balance falls below $1000.00 during a statement cycle - no service charge if minimum daily balance is $1000.00 or greater during a statement cycle, however, a per item charge of $6.00 will be assessed for each third party check or debit in excess of six (6) per statement cycle.You must deposit $1,000.00 to open this account. Use of personalized money market checks purchased through the bank are required. You may make six (6) transfers from your account each four (4) week or similar period, if by pre-authorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.This Account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthlyWe use the daily collected balance to calculate the interest on the account. This method applies a daily periodic rate to the collected principal balance in the account each day. The term "collected" means when we receive credit for items you deposit. You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.
Description
First Bank Business Account
THIS CHECKING ACCOUNT IS DESIGNED FOR ALL BUSINESS CUSTOMERS.
NON-PERSONAL NOW ACCOUNT
THIS INTEREST EARNING BUSINESS ACCOUNT IS DESIGNED FOR SOLE PROPRIETORSHIPS, NON-PROFIT CORPORATIONS, ORGANIZATIONS AND PUBLIC FUNDS. THIS ACCOUNT HAS UNLIMITED CHECK WRITING PRIVILEGES.
NON-PERSONAL SUPER NOW ACCOUNT
THIS INTEREST EARNING BUSINESS ACCOUNT IS DESIGNED FOR SOLE PROPRIETORSHIPS, NON-PROFIT CORPORATIONS, ORGANIZATIONS AND PUBLIC FUNDS. THIS INTEREST CHECKING ACCOUNT EARNS THE MONEY MARKET ACCOUNT RATE ON BALANCES OF $2,500.00 OR GREATER AND THE NOW ACCOUNT RATE ON BALANCES OF $1,000.00 TO $2,499.99. ALLOWS UNLIMITED CHECK WRITING PRIVILEGES.
FIRST MONEY MARKET ACCOUNT
THIS IS AN INVESTMENT CHECKING ACCOUNT DESIGNED FOR PERSONAL AND BUSINESS USE. INTEREST RATES ARE DETERMINED BY NATIONAL AND AREA INTEREST MARKET TRENDS. THIS ACCOUNT HAS LIMITED CHECK WRITING PRIVILEGES AND USE OF DISTINCTIVE MONEY MARKET CHECKS ARE REQUIRED.
Account Fees
First Bank Business Account
$5.00 monthly service charge, plus a $ .15 per item charge for each check written or debit made to the account (the first 30 items are at no charge) plus a $ .05 per item charge for each deposited check drawn on another financial institution. Earnings credit is based on the average collected balance maintained during a statement cycle calculated on a rate greater than or equal to the current NOW account.
NON-PERSONAL NOW ACCOUNT
$3.00 monthly service charge, plus a $ .10 per item charge for each check written or debit made to the account, plus a $ .10 per item charge for each deposited check drawn on another financial institution.
NON-PERSONAL SUPER NOW ACCOUNT
$7.50 monthly service charge if minimum daily balance falls below $2,500.00 during a statement cycle - no service charge if minimum daily balance is $2,500.00 or greater during a statement cycle.
FIRST MONEY MARKET ACCOUNT
$6.00 monthly service charge if minimum daily balance falls below $1000.00 during a statement cycle - no service charge if minimum daily balance is $1000.00 or greater during a statement cycle, however, a per item charge of $6.00 will be assessed for each third party check or debit in excess of six (6) per statement cycle.
Limitations
First Bank Business Account
You must deposit $100.00 to open this account.
NON-PERSONAL NOW ACCOUNT
You must deposit $500.00 to open this account.
NON-PERSONAL SUPER NOW ACCOUNT
You must deposit $2,500.00 to open this account.
FIRST MONEY MARKET ACCOUNT
You must deposit $1,000.00 to open this account. Use of personalized money market checks purchased through the bank are required. You may make six (6) transfers from your account each four (4) week or similar period, if by pre-authorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction or by check, draft, debit card or similar order (including POS transactions), made by the depositor and payable to third parties. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.
Rate Information
First Bank Business Account
NON-PERSONAL NOW ACCOUNT
This Account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of non cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited, you will not receive the accrued interest.
NON-PERSONAL SUPER NOW ACCOUNT
This Account is an interest bearing account. The interest rate and annual percentage yield will depend upon the balance in the account as shown on the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited, you will not receive the accrued interest.
FIRST MONEY MARKET ACCOUNT
This Account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks). Interest will be compounded monthly
Balance Information
First Bank Business Account
NON-PERSONAL NOW ACCOUNT
We use the daily collected balance to calculate the interest on the account. This method applies a daily periodic rate to the collected principal balance in the account each day. The term "collected" means when we receive credit for items you deposit. You must maintain a minimum balance of $500.00 in the account each day to obtain the disclosed annual percentage yield.
NON-PERSONAL SUPER NOW ACCOUNT
We use the daily collected balance to calculate the interest on the account. This method applies a daily periodic rate to the collected principal balance in the account each day. The term "collected" means when we receive credit for items you deposit. You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.
FIRST MONEY MARKET ACCOUNT
We use the daily collected balance to calculate the interest on the account. This method applies a daily periodic rate to the collected principal balance in the account each day. The term "collected" means when we receive credit for items you deposit. You must maintain a minimum balance of $1,000.00 in the account each day to obtain the disclosed annual percentage yield.

First Bank Business Account

This checking account is designed for all business customers. The opening deposit amount is $100.00; and the monthly service charge is $5.00. There is a $.15 per item charge for each check written or debit made to the account.

Note: the first 30 items are at no charge. There is also a $.05 per item charge for each deposited check drawn on another financial institution. An earnings credit can reduce or eliminate the service charge.

For more information about our Business checking account, or if you would like to open an account, please contact us today.

 
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