Checking | Savings | Loans
 

Commercial Checking Accounts

As a community bank, First American is closely tied to the businesses, organizations and people in the comminutes we serve. We strive to help area businesses to grow and succeed in today’s world. First American Bank and its employees are investing in the communities we serve.

Commercial Checking – A non-interest bearing account for any small or large business.

Minimum Balance	Monthly Service Charge
$1,500.00 and over	N/C
$1,250.00 to $1,499.99	$6.00
$1,000.00 to $1,249.99	$9.00
$750.00 to $999.99	$12.00
$749.99 and under	$15.00
Over 50 Checks	10 cents per check-plus above schedule

Accounts with no activity will be charged according to the above fee schedule.
Minimum deposit to open $100.00

 

Commercial Account Analysis

Primarily established for larger volume of check writing or deposit transaction activity. Available deposit account balance less applicable required reserve. An earnings credit interest rate is applied to the above, providing credit available to offset the cost of maintaining the account, which includes but is not limited to the following:

Fee	Service
$8.00	analysis/maintenance charge per month
$ .10	per ACH credit
$ .10	per ACH debit
$ .12	per credit
$ .12	per debit
$ .015	per item deposited -on us
$ .03	per item deposited-regional
$ .06	per item deposited- transit
$ .015	per item deposited- government
$15.00	per domestic outgoing wire transfer
$45.00	per foreign outgoing wire transfer
$2.00	per item returned
$1.75	per $1,000.00 of currency and coin preparation
$.08	per coin roll
$10.00	per hour, teller time
$25.00	per stop payment, OD, NSF

 

Super Now Business Checking – An interest-bearing account for non-profit and sole proprietorship businesses.

Minimum Balance	Monthly Service Charge
$1,500.00 and over	N/C
$1,499.99 and under	$9.00

Minimum deposit to open $1,500.00.

 

Account Features

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