Account Information and Disclosures
E-Free Checking
You must deposit at least $100.00 to open this account. There are no monthly service charges. E-Statements and HomeBanker are a requirement for this account. The statement cycle is cut off on the last day of each month and a notification of your statement will be emailed. The interest rate may change after the account is opened, and fees may reduce earnings. Variable interest rates are established weekly, compounded daily, calculated on a 365 day factor and paid on the last day of each month. There will be a $50.00 early-close charge incurred if account is closed within 90 days of opening. Additional charges and fees that are not related to maintaining the account may apply.FIRST Checking
You must deposit at least $1.00 to open this account. There are no monthly service charges. The statement cycle is cut off on the last day of each month, and checks will be truncated. This account does not earn interest, but offers a variety of other features we provide like: Electronic Banking with HomeBanker, E-Statements, Free Bill-Payer, VISA Check Card, and you have access to over 37,000 surcharge-free ATMs with the Allpoint Network. Additional charges and fees that are not related to maintaining the account may apply.
Checking
Variable interest rates are established weekly, compounded daily, calculated on a 365 day factor and paid on the 7th day of each month. The minimum deposit to open the account is $250. There will be a $6.00 service charge when the balance drops below $250 any time during the monthly cycle, however there is no service charge for senior citizens (60 and older). The statement cycle is cut off on the 7th day of each month. A statement will be mailed within 7 business days of the cut off date. Fees may reduce earnings on the account. The rate may change after the account is opened. Limited only to consumer accounts as business accounts are ineligible per Regulation D requirements.
* For the purposes of this account, senior citizens are people age 60 and over.
Green Checking
You must deposit at least $1.00 to open this account. There are no monthly service charges. The statement cycle is cut off on the last day of each month, and a statement will be mailed within 7 business days of the cut off date. And if you apply for E-Statements, a notification of your statement will be emailed monthly. The interest rate may change after the account is opened, and fees may reduce earnings. Variable interest rates are established weekly, compounded daily, calculated on a 365 day factor and paid on the last day of each month.
FIRST Money Market
Monthly service charge of $6.00 applies when the balance drops below $1,000 any time during the monthly cycle, which is from the first day of the month through the last day of the month. Interest is compounded daily, calculated on a 365 day factor and paid on the last day of each month. A statement will be mailed within 7 days of the cutoff date, and checks will be truncated. The interest rate may change after the account is opened, and fees may reduce earnings.
Transaction Limitations - Transfers from a Money Market Savings account to another account or to third parties by preauthorized, automatic, internet, telephone, check or similar order are limited to six per statement cycle. Your account is subject to a fee for each transaction over the limit.
FIRST Free Business Checking
This is a non-interest yielding checking account. There is no minimum balance required to keep. No monthly maintenance fees. No transaction fees for the first 500 items each month. A fee of .20 cents will be charged for each item over 500 which include checks paid, withdrawals, deposited items, ACH debits and credits. Additional charges and fees that are not related to maintaining the account may apply
Analyzed Business Checking
This is a non-interest yielding checking account. Account analysis occurs at the end of each month to calculate earned credit. Calculation of earned credit is based on the average daily account balance which will be used to offset the monthly fee assessed. Balance of monthly fee, if any, will be charged at month end. Earned credit expires monthly. Standard fees on fee schedule charged as monthly fees and are not eligible for earned credit reduction. Monthly analysis fee of $8.00 charged as service fee.
FIRST Business Premium Money Market
Variable interest rates are established weekly, compounded daily, and interest is paid at the end of each month. The minimum deposit to open the account is $1,000. There will be a $10.00 service charge when the balance drops below $1,000 any time during the monthly cycle. First order of checks is free. Limit of 6 transfers to another account or to third parties by preauthorized, automatic, Internet, telephone, check or similar order per statement cycle. However, there are no restrictions on the number of withdrawals that you may personally make in our office. There will be a $10.00 excessive withdrawal charge for going over the transfer limit and a $15 transaction fee charge per item over the limit per monthly cycle. There will be a $25.00 early-close charge incurred if account is closed within 90 days of opening. The interest rate may change after the account is opened.