Business Deposit Accounts

Business Deposit Accounts 2017-07-03T09:11:19+00:00

You have customers to serve and satisfy.  So does First Resource Bank and you’re one of them. Our Business Bankers are fully knowledgeable about the specific needs of many types of businesses including manufacturing, wholesalers, service, retail, non-profits, real estate, medical clinics, accounting firms, and law practices. No matter what your line of business, First Resource Bank will assemble the combination of accounts that meet your requirements and help you grow.

Commercial Checking                          

  • An Analysis Checking account is used by business customers who benefit from earning credit for deposit balances to offset service fees.
  • All related Analysis Checking accounts can be linked to combine balances and offset fees.
  • The Earnings Credit Rate is determined at the Bank’s discretion and may change from time to time.

Small Business Checking

  • $100 minimum deposit to open, $5 monthly maintenance fee if balance falls below average monthly balance plus $0.25 per check written or other withdrawal from the account.
  • Maintenance fees can be avoided by maintaining a $300 average balance.
  • The first 75 checks or other processed items are free, $0.50 per item thereafter.
  • Deposit up to 300 items per month at no charge, then $0.10 per item thereafter.
  • Internet Banking.
  • Business Instant Cash and Check Card®.

Not for Profit Checking 

  • Available to sole proprietorship businesses and non-profit organizations only.
  • $100 minimum deposit to open.
  • Interest bearing account.
  • No minimum balance is required to earn interest. Unlimited transactions.
  • Internet Banking.
  • Business Instant Cash and Check Card ®.

Corporate Money Market     

  • $100 minimum deposit to open.
  • Tiered interest rate structure.
  • No minimum balance is required to earn interest.
  • Transaction limitations exist on this account. Please see your Banker for more information.
  • Internet Banking.

Commercial Savings   

  • $50 minimum deposit to open.
  • Interest bearing account.
  • Minimum daily balance of $50 required to earn interest.
  • There is a $5 monthly maintenance fee which can be avoided by maintaining a $50 minimum daily balance.
  • An excess transaction fee of $0.50 will be charged for each debit transaction (withdrawal, automatic transfer or electronic payment out of this account) in excess of five each month.
  • A business checking account is also required to have this account.
  • Transaction limitations exist on this account. Please see your Banker for more information.

Certificates of Deposit              

  • For customers who do not require immediate access to their funds and want to earn a higher rate of interest, First Resource Bank offers a variety of CD options and term lengths.
  • CD accounts are fee-free; however, substantial penalties may apply for early withdrawals.
  • CD accounts earn interest at the rate and Annual Percentage Yield (APY) printed on the face of the certificate for the initial term of the certificate. For each automatic renewal, the interest rate and Annual Percentage Yield (APY) will renew at the prevailing APY and for the same term length.
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