Business Deposits
Whether your business or organization generates a large or small volume of transactions, First Federal Savings Bank has a commercial deposit account that’s perfect for your needs. Offering competitive earnings, a host of benefits, and attentive, personalized service that you won’t find elsewhere, First Federal is your FIRST choice for commercial accounts.
Compare Our Business Checking Accounts:
FREE Business Checking | Business Checking Plus | Community First Checking | |
Ideal for businesses with low checking activity. | Ideal for businesses with larger transaction counts and higher monthly balances. | Ideal for not-for-profit organizations. | |
Monthly Service Fee | $0 | $50 | $0 |
Minimum to Open | $0 | $25,000 | $100 |
Minimum Balance Requirement | $0 | $25,000 | $0 |
Number of Transactions | Unlimited | Unlimited | Unlimited |
Pays Interest | √ | √ | √ |
Free BIZLINK Online Banking | √ | √ | √ |
Free Positive Pay Check and ACH Fraud Protection Service | √ | ||
Free Remote Deposit Capture | √ | ||
Free Concierge Account Setup and Training | √ | √ | √ |
Cash Deposits | Unlimited | Unlimited | Unlimited |
Debit Cards | √ | √ | √ |
Free eStatements | √ | √ | √ |
Free Notary Service | √ | √ | √ |
Free First Order Business Checks | √ | √ | |
Free BIZLINK Online Banking with ACH | √ |
FREE Business Checking
Our FREE Business Checking Account offers unbeatable features:
- No monthly service fee
- No minimum balance
- Unlimited number of transactions
- FREE Bizlink basic business online banking
- Pays interest! BEST RATE GUARANTEE: We guarantee an interest rate that is among the top 10% of all regular business checking account rates in our service area!¹
- FREE first order of basic checks
- FREE notary service
- FREE eStatements²
Business Checking PLUS
Receive all benefits of our FREE Business Checking PLUS the following at no additional cost if you maintain an average $25,000 balance³:
- Bizlink Online Banking with ACH
- Positive Pay Check and ACH Fraud Protection Service
- Remote Deposit Capture
Community First Checking
The Community First Checking Account is designed for not-for-profit organizations.
- No monthly service fee
- No minimum balance requirement
- Unlimited number of transactions
- FREE notary service
Business Savings
Our Business Savings Account offers:
- No minimum balance
- Tiered interest rates – the higher your balance, the more interest you earn
- FREE notary service
- FREE eStatements
- Unlimited number of transactions
All of our accounts offer a FREE concierge account set-up and training at a location of your choice. We will come to you!
Switch your business account today and receive a Safe Deposit Box FREE for 1 year!4
Let us make this easy! To open a First Federal FREE Business Checking, Business Checking Plus, or Business Savings Account, please have the following:*
- Personal ID for all account signers
- Employment Identification Number (EIN) or Social Security Number (SSN)
- Supporting Documentation for These Business Types:
- Sole Proprietor = Personal ID
- Limited Liability Corporation (LLC) = Operating Agreement & Articles of Incorporation (active business registration with the Secretary of State required)
- Corporation = Articles of Incorporation & organization (paperwork you filed with the state when you first opened the business) + board minutes showing authorization
- Partnership = Partnership Agreement
- Government Entity or Unincorporated Association = Board minutes showing authorization
*Additional items may be necessary
Let us make this easier! Contact us to make an appointment and we will come to you! No need to leave your office. We will bring everything right to the location of your choice. That is the level of service you will enjoy at First Federal, your true local community bank!
Contact a Relationship Banker for more information.
¹Excluding promotional offers. ²Paper statement fee applies ³Monthly average balance of $25,000 or more must be obtained to avoid monthly service fee. See new account documentation for list of fees. 4After one year, the normal fee will apply. This is a limited time promotion.