Checking accounts designed to help your business thrive.


For businesses with less than 1,000 items a month and
less than $10,000 coin and currency each month
Simply Free Business Checking

Perfect for most businesses!
Business Interest Checking

Earn interest on your checking balances!
Smart Money Business Checking

Earn CD like interest with all the conveniences of a checking account!
Benefits Simply Free Business Checking - Learn More Business Interest Checking - Learn More Smart Money Business Checking - Learn More
FREE Thank You Gift1 checkmark checkmark checkmark
1,000 FREE monthly transaction items2 checkmark checkmark checkmark
Up to $10,000 currency deposited
per month FREE3
checkmark checkmark checkmark
FREE Mobile Banking4 checkmark checkmark checkmark
FREE Online Banking & Bill Pay checkmark checkmark checkmark
Free MasterCard© Debit Card
with Chip Technology
checkmark checkmark checkmark
Free E-Statements or Paper
Statements with check images
checkmark checkmark checkmark
Free Incoming Wire Transfers checkmark checkmark checkmark
No Minimum Balance checkmark    
No Monthly Service Charge checkmark    
Competitive Interest
Contact your banker about our current rates
  checkmark checkmark
Use any ATM nationwide & we’ll refund the surcharges checkmark checkmark checkmark
Details Simply Free Business Business Interest Smart Money Business
Minimum to Open $50 $50 $50
Monthly Service Fee $0

No Monthly Service Fee
$0 or $10

No Monthly Service Fee with a
daily balance of at least $5,000,
otherwise $10/month
$0 or $35

No Monthly Service Fee when all three requirements are met:
  • Enroll in eStatements
  • Have at least $5,000 in direct deposits each month
  • Maintain a daily balance of $5,000
  Simply Free
Business Checking
Simply Free Business Checking - Learn More
Business
Interest Checking
Business Interest Checking - Learn More
Smart Money
Business Checking
Smart Money Business Checking - Learn More
Bank rules and regulations apply. Ask us for details. Other banking fees, such as NSF, overdraft, sustained overdraft fees, etc. may apply, see schedule of fees. 1We reserve the right to substitute a gift of similar value. Free gift may be reported on a 1099-INT or 1099-MICS. Free gift provided at the time of account opening. Gift is available while supplies last. 2If the Simply Free Business Checking or Business Interest Checking account exceeds 1,000 monthly transactions, the account may be subject to further review. 3If the Simply Free Business Checking or Business Interest Checking account exceeds $10,000 in monthly coin and currency deposits or withdrawals, the account may be subject to further review. 4Additional data rates and text charges from your carrier may apply.
 

Simply Free Business Checking

Free is better. First Federal’s Simply Free Business Checking is a non-interest bearing account available to businesses with less than 1,000 items per month and less than $10,000 currency deposits per month.

Find out if a Simply Free Business Checking Account is the best fit for you. Compare our checking accounts.

To open your account, visit your Neighborhood Branch

All other banking fees apply, see branch for details. Other fees, such as NSF, overdraft, sustained overdraft fees, etc. may apply, see schedule of fees. First Federal does not charge fees to download or use the First Federal Mobile Banking App; however, your mobile carrier may charge for data and text message usage. Check with your carrier for more information. Offer good on business accounts only; personal accounts do not qualify for these plans. Bank rules and regulations apply. Ask us for details.
 

Business Interest Checking

First Federal's Business Interest Checking offers you a checking account that fits the needs of your business while earning interest on your deposit. Available to businesses with less than 1,000 items per month and less than $10,000 currency deposits per month.

Find out if a Business Interest Checking Account is the best fit for you. Compare our checking accounts.

To open your account, visit your Neighborhood Branch.

All other banking fees apply, see branch for details. Other fees, such as NSF, overdraft, sustained overdraft fees, etc. may apply, see schedule of fees. First Federal does not charge fees to download or use the First Federal Mobile Banking App; however, your mobile carrier may charge for data and text message usage. Check with your carrier for more information. Offer good on business accounts only; personal accounts do not qualify for these plans. Bank rules and regulations apply. Ask us for details.
 

Smart Money for Business

First Federal's Smart Money Checking for Business puts your hard earned business funds to work for you. Your funds will earn interest at CD like rates while giving you the convenience of a checking account.
  • 1.50% APY* on balances up to $50,000
  • 0.03% APY* on the remaining balance over $50,000
  • $35 monthly service charge waived if the account meets all three requirements:
  • Enroll in eStatements
  • Have at least $5,000 in direct deposits each month
  • Maintain a daily balance of $5,000
  • Only $50 deposit to open
  • 1,000 Free monthly transaction
  • Up to $10,000 currency deposited per month Free
  • Free Mobile Banking with Mobile Check Deposit
  • Free Online Banking and Bill Pay
  • Free eStatements with online check images
  • Free MasterCard© debit card
  • Free gift
  • Buy back of your unused checks and debit cards from another financial institution, up to $10
  • Use any ATM nationwide & we’ll refund the surcharges

Find out if a Smart Money Business Account is the best fit for you. Compare our checking accounts.

To open your account, visit your Neighborhood Branch.

*Annual Percentage Yield is accurate as of 9/13/21. Rates may change. Fees could reduce earnings. All other banking fees apply, see branch for details. Other fees, such as NSF, overdraft, sustained overdraft fees, etc. may apply, see schedule of fees. First Federal does not charge fees to download or use the First Federal Mobile Banking App; however, your mobile carrier may charge for data and text message usage. Check with your carrier for more information. Offer good on business accounts only; personal accounts do not qualify for these plans. Bank rules and regulations apply. Ask us for details.