Business Checking at First Fed.
First Federal . . . Right Here When You Need Us!

Corporations, Partnerships, LLCs Checking

Because business come in all shapes and sizes, so do our business checking accounts. No matter the size of your business, First Fed has just the right account for you.



Because businesses come in all shapes and sizes, so do
our business checking accounts. No matter the size of your business, First Fed has just the right account for you.


Small Business

  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 .15
  Number of free deposited items allowed 200
  Charge per excess deposited item .05

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Regular Business

  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 .15
  Number of free deposited items allowed 500
  Charge per excess deposited item .05

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Analysis Checking

  Minimum opening deposit $   100.00
  Monthly service charge 10.00
  Charge per check processed (debit) .10
  Charge per ACH item (debit) .05
  Charge per deposit .20
  Charge per deposited item (credit)  
    -- on us 2.5¢
    -- local
    -- non-local 7.5¢
    -- ACH  5¢
  Cash deposit charge 75¢ per $1,000
  Cash purchase charge 75¢ per $1,000
  Earnings credit:

 

       Earnings calculation:

 

         (collected balance less reserve requirement)

 

         x (monthly average Fed Funds less 0.50%)

 

       Reserve Requirement: 10% of collected balance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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