Business Checking
Business Checking Options
| Account Name |
Monthly Maintenance Fee |
Minimum
Balance |
Interest
Bearing |
Activity Charges |
Additional
Features |
Business
Free and Easy
Checking |
None |
None |
No |
50 items free
$.25 per item>50 |
Learn More |
Small Business
Checking |
$5.00, waived with minimum balance |
$2,500.00 minimum or $5,000.00 average collected balance |
No |
150 items free
$.25 per item>150 |
Learn More |
| Small Business Interest Checking |
$5.00 |
None |
Yes
See Rates |
150 items free
$.25 per item>150 |
Learn More |
| Business Checking |
$10.00 |
None |
No |
Per item charges apply |
Learn More |
| All First Federal business checking accounts include:
|
Business Free and Easy Checking
Account designed for businesses with low monthly account activity. Ideal
for businesses with 50 or less combined debit and deposited items per
month. Any business type qualifies. |
- $100.00 minimum opening deposit.
- No monthly service fee and no minimum balance required.
- Account includes 50 free items per month (combined debit and deposited
items).
- $.25 per item over 50.
- Non-interest bearing account.
- FREE check safekeeping.
- FREE Business Instant Cash and Check Card (subject to qualification).
- FREE ATM transactions at First Federal and many Instant Cash
locations.
- FREE Online Banking for online account viewing and transfers.
- Optional Business Online Banking for expanded cash
management services
|
Small Business Checking
Account designed for businesses with moderate monthly transaction
volume. Ideal for businesses with 150 or less combined debit and
deposited items per month. Any business type qualifies. |
- $100.00 minimum opening deposit.
- $5.00 monthly service fee. Fee waived with $2,500.00 minimum daily
collected balance or $5,000.00 average daily collected balance.
- Account includes 150 free items per month (combined debit and
deposited items).
- $.25 per item over 150.
- Non-interest bearing account.
- FREE check safekeeping.
- FREE Business Instant Cash and Check Card (subject to qualification).
- FREE ATM transactions at First Federal and many Instant Cash
locations.
- FREE Online Banking for online account viewing and transfers.
- Optional Business Online Banking for expanded cash management
services.
|
Small Business Interest Checking
Account designed for businesses with moderate monthly transaction
volume. Ideal for businesses with 150 or less combined debit and
deposited items per month. |
- $100.00 minimum opening deposit.
- Account available for sole proprietors and non-profit customers only.
- $5.00 monthly service fee.
- Account includes 150 free items per month (combined debit and
deposited items).
- $.25 per item over 150.
- Interest bearing account. See Rates.
- FREE check safekeeping.
- FREE Business Instant Cash and Check Card (subject to qualification).
- FREE ATM transactions at First Federal and many Instant Cash
locations.
- FREE Online Banking for online account viewing and transfers.
- Optional Business Online Banking for expanded cash management
services.
|
Business Checking
Account designed for businesses with high monthly transaction volume.
Ideal for businesses with more than 150 combined debit and deposited
items per month. Any business type qualifies. |
- $100.00 minimum opening deposit.
- $10.00 monthly service fee.
- Per check/debit at $.15; deposited items at $.08(local) and $.10
(non-local).
- Fee for currency/coin deposited - $1.00 per $1,000.00.
- Earnings credit applies. Monthly earnings credit offsets monthly
service charges.
- FREE check safekeeping.
- FREE Business Instant Cash and Check Card (subject to qualification).
- FREE ATM transactions at First Federal and many Instant Cash
locations.
- FREE Online Banking for online account viewing and transfers.
- Optional Business Online Banking for expanded cash management
services.
|
*Uncollected funds fee applies to all business checking accounts.
Uncollected funds rate is Wall Street Prime plus 3.00%.
*For purposes of activity charges, an item is defined as a debit or
deposited item during each statement cycle.
Back to Top
|
