This interest-earning account is perfect for businesses with high checking activity and the need for cash management services. It tracks monthly transaction processing and applies a formula incorporating item volume, average balance and other services accessed. An earnings credit is then calculated on the investable account balance, which may offset service charges.
Commercial Account Analysis Checking account features.
|Minimum to open||$1,000|
|Interest||On balances $1,000 and greater. Ask for details.|
|Monthly account fee1||$5, plus $0.13 per debit/check and $.06 per deposited item|
|Free Online BillPay||Yes, up to 20 transactions; $0.40 per transaction thereafter|
|Free check images||Yes, plus free coin wrapping and food stamp processing|
All First Bank business checking accounts include:
- Mobile & Text Banking2
- NetTeller Online Business Banking & BillPay
- Convenient First Bank Business Debit Mastercard
- Free MoneyPass ATM transactions3
1Checking and savings accounts are considered dormant after 365 days of no activity, regardless of balance. Dormant checking accounts will be assessed a $5 monthly fee, and dormant savings accounts (excluding Student Savings) will be assessed a $5 quarterly fee. 2Web-enabled mobile phone needed for mobile banking access. 3Bank owning ATM may charge a fee.