One of the cornerstones of managing a business is the ability to manage cash. To accommodate your specific business needs, First Place offers a variety of checking accounts. Depending on your objectives, you will find one or more of these accounts to be a good match for your business.
Free Business Checking
Commercial Checking
Interest Bearing Checking
Premium Money Market Account
Telephone Banking
Merchant Bankcard Services
Free Business Checking
- No monthly maintenance fee and No minimum balance
- First 250 transactions processed per month are free; $0.20 for each additional item (includes checks, deposits, and deposited items)
- Unlimited free electronic credits and debits
- Your choice of check imaging or check safekeeping
Commercial Checking
Lots of activity, lots of benefits
A business checking account that enables you to use your balances to help offset monthly fees. This account can also be linked to multiple accounts, sweep and zero balance accounts.
- Earnings credit applied to average balances
- Low monthly maintenance fee of $8.00
- 15 cents per deposit and 15 cents per check/withdrawal
- 8 cents per electronic deposit withdrawal
- Your choice of check imaging or safekeeping
- Account analysis statement to determine optimal balance
- Free business debit card works just like a credit card, except funds are withdrawn automatically from your checking account.
Interest Bearing Checking
Earn interest on your balances
An interest-bearing checking account for specific types of businesses. Sole proprietors/DBA, non-profit organizations and government entities.
- Earn interest on tiered balances
- Monthly maintenance fee of $12.00 is waived by maintaining an average balance of $10,000
- 30 free deposits per month, 15 cents per deposit thereafter
- 30 free checks/withdrawals per month, 15 cents per item thereafter
- Free electronic deposit and withdrawal transactions
- Waive the monthly fee by maintaining an average available balance of $10,000
- Your choice of check imaging or check safekeeping
- Free business debit card works just like a credit card, except funds are withdrawn automatically from your checking account.
Premium Money Market
Great rates, easy access
With our Premium Money Market Account, you'll enjoy CD-like interest rates so the more you save, the more you earn. Monthly compounding gives you even greater earnings. And because our interest rates aren't dependent on the ups and downs of the Prime, that means we can set very competitive interest rates for you. But you don't have to tie up your money for those interest rates. You have daily access to your funds; make as many deposits and withdrawals as you wish and write up to three checks a month.
First Place Access Line Telephone Banking
The First Place Access Line gives you another avenue for accessing and managing your account 24-hours a day. With one call, from any touch-tone phone, you'll be able to carry out transactions easily, securely and efficiently, anytime of night or day. When you open a deposit or loan account at First Place, the Access Line is automatically available to you at no additional cost.
The benefits of First Place Access line:
- Check the balance of your accounts
- Verify checks
- Review withdrawals and deposits
- Transfer funds between your accounts
Internet Banking Services
First Place Business Online Banking makes obtaining and acting on your financial information secure, easy and accurate. Get online with First Place today.
Merchant Bankcard Services
First Place can accept your bankcard deposits. Sales are electronically deposited into your checking account to accelerate your cash flow. At month's end you will receive a detailed summary report.
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