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Commercial Checking
First Bank & Trust serves the business community through a series of specialized business accounts which offer a variety of attractive benefits with reduced charges.
Each commercial banking relationship is maintained by a team of banking professionals led by an individual experienced banker. Over time, we get to know your business and have the ability to respond quickly to your changing needs.
Commercial Account
Wholesalers, distributors, manufacturers and many service companies form the backbone of the business community. The Commercial Account at First Bank & Trust meets the needs of these companies through low cost and efficient service.
Commercial Checking Account Service Charges
| Commercial Checking Account Service Charges | |
|---|---|
| Amount to Open | Any amount |
| Maintenance | $15.00 per month |
| Deposits | $.60 per deposit |
| Checks Deposited | $.13 per check |
| Check Writing | $.21 per check |
| Currency Ordered | No Charge |
| Currency Deposited | No Charge |
| Coin | 2% |
| Returns and Overdrafts | $25.00 per item |
| Extended Overdraft Fee | $5.00 for each business day, beginning with the sixth consecutive day the account balance is below zero. |
| Domestic Funds Transfer via Wire | $20.00 |
| International Funds Transfer via Wire | $35.00 |
| Stop Payments | $25.00 per order |
| Telephone Transfers | No Charge |
| Telephone Balance/Account Inquiries | No Charge |
| Earnings Credit | Competitive Market Rate |
| Reserve Requirement | 10 percent |
| FDIC | No greater than FDIC premium charged to bank |
Commercial Checking Benefits
- Earnings Credit -- Collected balances in your Commercial Checking Account earn at the Competitive Market Rate -- higher than the formula used by many other financial institutions. Frequently, this is more than enough to offset all charges.
- Internet Banking -- 24-hour reporting and treasury management services with state-of-the-art security protocol.
Business NOW Account
If you fit the special category of Not-For-Profit, Sole Proprietorship or Husband-Wife Partnership, a Business NOW Account could be perfect for you. With a minimum balance of just $1,000, you qualify to earn interest on this business account.
Commercial Credit Services
- Revolving lines of credit
- Equipment term loans
- Real estate term loans
- Construction loans
- Not-for-profit financing
- Letters of Credit
- SBA guaranteed loans and SBA 504 program loans
- Industrial revenue bonds
- Business acquisition financing
- Condo (public)
First Bank & Trust commercial bankers are available to meet with you at your office to review cash management and lending opportunities.