Business Checking & Savings

Business Checking

A “regular” checking account for business purposes. Customers receive statements with images of checks and deposit slips included.

  • $100 to open
  • Debit card available
  • Monthly Fees: None if account balance does not fall below $800.
    • If account falls below $800 – $6 Monthly Fee
    • If below $700 – $7 Monthly Fee
    • If below $600 – $8 Monthly Fee
  • Business accounts with high activity may be charged by account analysis

Super Now Business Checking

A checking account for proprietorship businesses that draws interest. Customers receive monthly statements with images of their items.

  • $1,500 to open
  • Debit card available
  • Account Service Charges: None if the account balance does not fall below $1,500.
  • If account falls below $1,500 – $10 Monthly Fee.
  • There is a 20¢ per item charge for more than 25 checks per statement period.

Money Market Business

A savings type account with limited checking privileges, but unlimited withdrawals in person. Pays interest at a rate based upon the balance in the account. Customers receive statements with images of checks and deposit slips included.

  • $2,500 to open
  • Account Service Charges: $10 each statement period the minimum balance drops below $2,500.
  • Penalty charges: You may make no more than six preauthorized transfers during any statement period, no more than six of which may be by check, draft, or other order payable to a third party.  A $10 penalty charge will be assessed for each excessive transaction. 

High Yield Money Market Account

A special product money market account opened with funds from another financial institution.  If the average daily collected balance of the account is over $50,000, the interest rate paid on the entire balance will be the same as the rate we pay on 1-year time deposits as it may change from time to time.  For lesser balances, the rate paid will be the same as we pay on savings accounts as it may change from time to time.   

  • $50,000 to open
  • Account Service Charges: $10 each statement period the minimum balance drops below $2,500.
  • Penalty charges: You may make no more than six preauthorized transfers during any statement period, no more than six of which may be by check, draft, or other order payable to a third party.  A $10 penalty charge will be assessed for each excessive transaction.

Business Savings

A savings account for businesses. Can set up automatic transfers from a checking account at First National or another bank for ease in accumulating further savings. Three withdrawals per quarter are allowed with no charge.

  • •$200 to open
  • •Monthly Fee: $5 per quarter if minimum balance falls below $200.
  • Penalty charges: $2 per withdrawal per quarter in excess of 3 withdrawals.

Remote Deposit Capture

Remote Deposit Capture is a business product for imaging and transmitting your business, customer, and cashier’s checks and money orders electronically direct to the bank from your office.

CLICK HERE to view a brief video about RDC

Contact your account manager or loan officer for more information about this, or other, business products.