Checking Accounts

One of the many products First Federal offers is the checking account. First Federal offers the Interest Bearing N.O.W. Checking account, the Personal Non-Interest Checking account, and the Business Checking account. Our checking accounts include imaged cancelled checks.

Personal Non-Interest Checking

First Federal Personal Non-Interest Checking account requires a minimum opening deposit of $100.00. Once open, there is no minimum balance required and no monthly service fees for this account.

Both our N.O.W. Checking and Personal Checking accounts feature Debit Cards for your everyday use - the card that looks like a credit card but works like a check!

Interest Bearing N.O.W. Checking*

This interest bearing N.O.W. account requires a minimum opening deposit of $500.00. When a $500 balance is maintained daily, interest is earned with no monthly service fees and no per check charges. If the balance falls below this minimum during the month, there is a monthly service fee of $5.00, charges of $.10 per check after 20 free items per month, and no interest earned. Special considerations are available for senior citizens, non-profit organizations, and students. Contact a Customer Service Representative for details.

* N.O.W. Checking offered to eligible depositors only, under restrictions from Federal Regulation D.

Business Checking

This Business Checking account requires a minimum opening deposit of $500.00. When a $500.00 balance is maintained daily, there are no service fees and no per check charges. If the balance falls below this minimum during the month, there is a monthly service fee of $5.00, and charges of $.10 per item after 20 free items per month. Night Depository Service is also available to keep your money safe and make deposits convenient for your business.

Are you a business customer with questions about reporting your information to FinCEN about the individuals who ultimately own or control the business? Go to the FinCEN Beneficial Ownership Information for more information.

Health Savings

Health Savings Accounts combined with high deductible health plans create a cost-saving medical plan. HSA owners can contribute money tax-free up to the federal annual limit each year and may use checks to pay for many medical expenses not normally covered by traditional health plans.

The benefits include:

Lower premium costs.
Tax-free contributions and earnings.*
Tax-free withdrawals for qualified medical expenses.*
Ability to rollover funds year to year, accumulating interest.
No use-it or lose-it stipulations.
Ability to maintain your HSA even if you change jobs or insurance provider.
Interest on balances of $100.00 or more.
No monthly service fee.

* Consult your tax advisor.

Compare Accounts

Accounts	Personal Checking	N.O.W. Checking*	Business Checking
Opening Balance	$100.00	$500.00	$500.00
Monthly Service Fee, if below minimum balance	No Monthly Service Fee	$5.00	$5.00
Minimum Balance to Waive Monthly Service Fee	No minimum required	$500.00	$500.00
Account Activity - Checks	Unlimited checks	20 Free per Month; $.10 per check fee over 20	20 Free per Month, $.10 per check fee over 20
Minimum Balance to Earn Interest	Interest not offered	$500.00	Interest not offered
Imaged Cancelled Checks	Yes	Yes	Yes
Statement Cycle	10th of Each Month	10th of Each Month	End of Each Month
eStatements	Available with Online Banking	Available with Online Banking	Available with Online Banking
Debit Card	Available	Available	N/A
ATM Card	Available	Available	N/A
Online Banking	FREE	FREE	FREE
Bill Payment	FREE	FREE	N/A
Mobile Banking & Mobile Deposit	FREE	FREE	FREE
Direct Deposit	FREE	FREE	FREE
Overdraft Transfer	Available Upon Request	Available Upon Request	Available Upon Request

Not all checking account service fees apply to senior citizens (age 62 & over), non-profit organizations or students.

* N.O.W. checking offered to eligible depositors only, under restrictions from Federal Regulation D.

Looking for more?

Refer to our Online Conveniences page for more information on our many additional online services that work with our checking account products. We offer free online banking, free bill payment service, free online eStatements, and ATM access.