Open a Business Checking Account with First Federal.
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Business Checking Accounts

Corporations, Partnerships, LLCs

 

Small Business Checking Accounts

 

 Minimum opening deposit  

$   100.00
 Monthly service charge  

        6.00
 Minimum balance to avoid service charge OR  

  1,000.00
 Average balance to avoid service charge  

  3,500.00
 Number of free debits allowed  

           50
 Charge per excess debit  

        0.15
 Number of free deposited items allowed  

         200
 Charge per excess deposited item  

        0.05

 

Regular Business Checking Accounts

 

 Minimum opening deposit  

$   100.00
 Monthly service charge  

        8.00
 Minimum balance to avoid service charge OR  

  2,500.00
 Average balance to avoid service charge  

  5,000.00
 Number of free debits allowed  

         200
 Charge per excess debit  

        0.15
 Number of free deposited items allowed  

         500
 Charge per excess deposited item  

        0.05

 

Analysis Checking Accounts

 

 Minimum opening deposit  

$    100.00
 Monthly service charge  

       10.00
 Charge per check processed (debit)  

         0.10
 Charge per ACH item (debit)  

         0.05
 Charge per deposit  

         0.20
 Charge per deposited item (credit)  

                                             

  -- on us  

         2.5¢
  -- local  

            5¢
  -- non-local  

         7.5¢
  -- ACH  

            5¢
 Cash deposit charge  

75¢ per $1,000
 Cash purchase charge  

75¢ per $1,000

   Earnings credit:                                                                   YES

      Earnings calculation: (collected balance less reserve requirement)
          x (monthly average Fed Funds less 0.50%)

      Reserve Requirement: 10% of collected balance