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.

Health Savings

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

The benefits are:

  • Lower premium costs.
  • Tax-free contributions and earnings. Consult your tax advisor.
  • 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.

Compare Accounts

AccountsPersonal CheckingN.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

Account Activity – Checks

Unlimited

20 Free per Month; $.10 per check over 20

20 Free per Month; $.10 per check over 20

Minimum Balance to Waive Monthly Service Fee

N/A

$500.00

$500.00

Minimum Balance to Earn Interest

Non-Interest Bearing

$500.00

Non-Interest Bearing

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.

 

 Agents

Make your MOVE with US

Whether you are a first-time home buyer, looking for a new home, refinancing your existing home or in need of a home equity line of credit, First Federal has a variety of residential mortgage loan products to fit your borrowing needs.   The Welcome Home Program is back for 2019. If you are buying a home this year, you may qualify for a grant of up to $5,000 toward your down payment and closing costs. 

Get Started Today

Welcome Home Button
back to top