Business Banking
 
  • Commercial Accounts with large transaction volumes will be placed on a monthly account analysis.
  • Interest is paid on balances of $2,500 or more when allowed by regulations.
  • Re-order your business checks.
  • First Federal Bank offers many services to businesses in our community. Call or drop by your nearest office to find out what we can do for you!
Our Business customers who maintain a daily balance of $1,000 or more all month will not be charged a monthly service fee. For those business customers who maintain daily balance up to $1,000 will only be charged $10.00 in monthly service fees.

Business Banking Accounts:
Demand Checking
 
Now Account
Premium Interest Checking
Savings Accounts
Cash Investment Account

Additional Services and Conveniences:
Credit Cards Wire Transfers Saturday Banking
Cashier's Checks Telephone Transfers Travelers Cheques
Stop Payment Money Orders Travelers Cheques for Two
Direct Deposit Coin Sorter / Roller Safe Deposit Boxes
Notary Service 24-Hour Phone Banking Photocopy Service
Bank-By-Mail Service Return Check Fee/Overdraft Fee Returned Deposit Item
Special Statements Research Garnishment or Levy




















Now Account (Business):

Daily Balance $1,000 or more all month No Fee
Daily Balance up to $1,000 $10.00
Interest paid on daily collected balances.  
Call for details!  
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Demand Account (Business):

Daily Balance of $1000 or more No Fee
Balance below $1000 $10.00
Accounts with large transaction volume will be placed on monthly analysis
Church and Civic Organizations No Fee
Call for details!  
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Premium Interest Checking (Business):

$1,000 to $4,999 Tier I
$5,000 to $24,999 Tier II
$25,000 to $49,999 Tier III
$50,000 to $99,999 Tier IV
$100,000 + Tier V
Daily balance of $,000 or more No Fee
Daily balance below $1,000 $10.00
  • Free bank logo checks - Wallet style only.
  • Interest paid on daily collected balances of $1,000 or more.
 
Call for details!  
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Savings Accounts:

Daily balance of $100 or more per calendar quarter No Fee
Balance below $100 $15.00 Quarterly
Maximum of 9 withdrawls per calendar quarter ($5.00 charge per transaction for withdrawls in excess of 9).  
Call for details!  
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Cash Investment (Business):

$1,000 to $4,999 Tier I
$5,000 to $24,999 Tier II
$25,000 to $49,999 Tier III
$50,000 to $99,999 Tier IV
$100,000 + Tier V
Daily balance of $1,000 or more all month No Fee
Daily balance below $1,000 $10.00
  • 3 checks per month allowed, maximum of 6 additional withdrawls per month.
  • Interest paid on daily collected balance of $1,000 or more.
 
Call for details!  
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Coin Sorter / Roller Service:

We will sort and roll loose coins for our customers!
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Saturday Banking :

All First Federal branches offer convenient Saturday banking. Click here for locations and times!
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Notary Service:

All Items $5.00 each
Call for details and availability!  
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Bank-By-Mail Service:

First Federal offers its customers the convenience of doing their banking by mail. Call for details and availability!
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Photocopy Service:

First Federal offers its customers photocopying service. Call for rates and availability!
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Return Check Fee / Overdraft Fee:

$30.00 per check, plus $5.00 per day for overdrafts that exceed three (3) days
Call for details!
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Return Deposit Item:

$5.00 per item
Call for details!
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Wire Transfers - Incoming / Outgoing:

Domestic transfers $20.00 per transfer
International transfers Fees vary
Call for details! 
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Research:

$15.00 per hour
Call for details!
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Garnishment or Levy:

$25.00
Call for details!
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Special Statements :

$3.00 per statement
Call for details!
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Telephone Transfers :

$2.00 per transfer
Call for details!
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Cashier's Checks :

First Federal Customers $2.00
Non-First Federal Customers $5.00
Classic Checking Account / Perfect First Customers Free
Call for details!  
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Stop Payment :

All Items - 6 month duration $25.00 each
Call for details!  
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Safe Deposit Boxes

Dickson Box Sizes Centerville Fairview
3" x 5" 3" x 5" 3" x 5"
3" x 10" 3" x 10" 3" x 10"
5" x 10" 5" x 10"  
10" x 10" 10" x 10"  
Waverly New Johnsonville Vanleer
3" x 5" 3" x 5" 3" x 5"
5" x 5" 3" x 10" 3" x 10"
3" x 10" 5" x 10"  
6" x 10" 10" x 10"  
10" x 21"    
Deposit box rental fees vary from $25.00 to $55.00 per year based on the size of the Safe Deposit Box. Call the branch closest to you for availability!
Note: Safe deposit boxes are only avaiable to First Federal customers
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Travelers Cheques for Two:

Classic Checking Account Customers $1.00 for every $100.00
Non-Classic Checking customers $2.00 for every $100.00
Perfect First Customers No Charge
Call for details!  
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Direct Deposit Service

Any existing Social Security or payroll direct deposit service can be transferred to a First Federal account. Call for details!
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Travelers Cheques :

Classic Checking Account / Perfect First Customers No Charge
Non-Classic Checking customers $2.00 for every $100.00
Call for details!  
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Money Orders :

First Federal Customers $2.00
Non-First Federal Customers Do not issue
Classic Checking Account / Perfect First Customers No Charge
Call for details!  
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