Sole Proprietor Business Checking Accounts at First Federal.
First Federal . . . Right Here When You Need Us!

Sole Proprietor Business Checking Accounts

Small Business with Interest 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

   Interest earned on average balance of $700 or more.

 

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

 

No Fee Checking Accounts

 

 Minimum opening deposit  

$   100.00
 Monthly service charge  

        FREE
 Minimum balance to avoid service charges  

        None