FDIC-Insured - Backed by the full faith and credit of the U.S. Government
First Federal of Van Wert is upgrading our system in order to better serve our customers.
The majority of the process will start after the end of business on Thursday, April 3, 2025 through Monday, April 7, 2025**.
Click here to learn more!
*A conversion is an internal system update. First Federal will continue to remain the same locally owned and operated institution and partner that we have always been!
**Some items are scheduled to occur earlier or later than these dates. First Federal customers were mailed a full conversion document. Please refer to your packet for complete information.
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
First Federal Personal Non-Interest Checking account requires a minimum opening deposit of $10.00. 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!
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.
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 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:
* Consult your tax advisor.
| Accounts | Personal Checking | N.O.W. Checking* | Business Checking |
|---|---|---|---|
Accounts Opening Balance | Personal Checking $10.00 | N.O.W. Checking* $500.00 | Business Checking $500.00 |
Accounts Monthly Service Fee, if below minimum balance | Personal Checking No Monthly Service Fee | N.O.W. Checking* $5.00 | Business Checking $5.00 |
Accounts Minimum Balance to Waive Monthly Service Fee | Personal Checking No minimum required | N.O.W. Checking* $500.00 | Business Checking $500.00 |
Accounts Account Activity - Checks | Personal Checking Unlimited checks | N.O.W. Checking* 20 Free per Month;
$.10 per check fee over 20 | Business Checking 20 Free per Month,
$.10 per check fee over 20 |
Accounts Minimum Balance to Earn Interest | Personal Checking Interest not offered | N.O.W. Checking* $500.00 | Business Checking Interest not offered |
Accounts Imaged Cancelled Checks | Personal Checking Yes | N.O.W. Checking* Yes | Business Checking Yes |
Accounts Statement Cycle | Personal Checking 10th of Each Month | N.O.W. Checking* 10th of Each Month | Business Checking End of Each Month |
Accounts eStatements | Personal Checking Available with Online Banking | N.O.W. Checking* Available with Online Banking | Business Checking Available with Online Banking |
Accounts Debit Card | Personal Checking Available | N.O.W. Checking* Available | Business Checking N/A |
Accounts ATM Card | Personal Checking Available | N.O.W. Checking* Available | Business Checking N/A |
Accounts Online Banking | Personal Checking FREE | N.O.W. Checking* FREE | Business Checking FREE |
Accounts Bill Payment | Personal Checking FREE | N.O.W. Checking* FREE | Business Checking N/A |
Accounts Mobile Banking & Mobile Deposit | Personal Checking FREE | N.O.W. Checking* FREE | Business Checking FREE |
Accounts Direct Deposit | Personal Checking FREE | N.O.W. Checking* FREE | Business Checking FREE |
Accounts Overdraft Transfer | Personal Checking Available Upon Request | N.O.W. Checking* Available Upon Request | Business Checking 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.
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.