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Checking Account Rates & Fees

Rates and yields are effective as of Thursday, October 29, 2020.

Money Market Deposit Account
Minimum Balance to Obtain Annual Percentage Yield* Interest Rate Annual Percentage Yield
$0.00 to $9,999.99 0.10 % 0.10 %
$10,000.00 to $24,999.99 0.10 % 0.10 %
$25,000.00 to $49,999.99 0.10 % 0.10 %
$50,000.00 to $99,999.99 0.15 % 0.15 %
$100,000.00 to $199,999.99 0.15 % 0.15 %
$200,000.00 & over 0.15 % 0.15 %
Interest Plus Checking
Minimum Balance to Obtain Annual Percentage Yield* Interest Rate Annual Percentage Yield
$0.00 to $4,999.99 0.00 % 0.00 %
$5,000.00 & over 0.05 % 0.05 %

Account Terms

The following account terms apply to all accounts in this category unless otherwise marked:

  • Determination of Rate: At our discretion, we may change the interest rate on your account.
  • Frequency of Rate Changes: We may change the interest rate on your account at any time.
  • Interest will be calculated on the daily balance method. This method applies a daily periodic rate to the principal in the account each day.
  • Interest is credited monthly to your account.
  • Minimum balances must be maintained to avoid maintenance fees.
  • Interest begins to accrue no later than the business day you deposit non-cash items (i.e., checks).
  • A minimum deposit of $1 is required to open these accounts.
  • Effect of Closing an Account: Accrued but uncredited interest under $1 will not be paid.
  • Fees could reduce earnings.

Checking Account Fees

Premium
$10/month if below minimum of $400 in account; or $1000 in a related savings; or $5000 in combined checking, savings, loans (excludes the account being service charged, mortgages, CDs and IRAs).

Interest Plus
$15/month if below minimum of $5000 in account; or $15,000 in combined checking, savings, loans (excludes the account being service charged, mortgages, CDs and IRAs).

Money Market Deposit Checking
$12/month if below minimum balance of $2500. $5 per item fee for items in excess of six.

Service Charges

Description Fee
Insufficient & overdraft items- checking and savings – created by check, in-person withdrawal or other electronic means excluding single POS transactions or ATM withdrawals $35
Negative balance over $50: (Excludes ATM withdrawals and single POS transactions) $10 per day after three days
Returned checks-deposit: $10
Escheat fee: $35
Stop payment open dollar $35 set up fee, then $10.00 per month
Stop payment $35
Child support levy $50
Levy and lien processing: $125 plus cost
Money judgments: $225 plus attorney fees and costs
Subpoena/research: (Minimum 1 hour) $35 per hour and $.35 per copy
Account reconcilement: $35 per hour
Dormant checking-inactive for six months: $5 per month for balances under $500
Dormant savings/interest bearing checking-inactive for two years: $5 per month for balances under $500
Cashier’s checks: $10
*Outgoing domestic wire transfer: $20
*Outgoing foreign wire transfer: $40
*Incoming wire transfer: (Domestic or Foreign) $10
Automatic transfer agreement: $5 per transfer
*Signature guarantee: $5
Bank NSF check collection item: (Collection dept.) $35
Bank draft, collection item, auction letter: $15
Securities purchased or sold: $25 minimum plus postage and insurance/$15 for each paying agent
Basic personalized checks: Fee depends on style of check ordered
Temporary checks: $5 if more than once per calendar year
ATM card: $1 per month per card or $12 per year
ATM/VISA® Debit Card/VISA® Rewards Debit Card/ VISA® Business Debit Card replacement card fee: $10
Rejected item fee: $1 per item
Early withdrawal fee for CD or IRA $25
Foreign Currency Orders $30 fee per order. Orders under $200.00 USD will incur an additional $10 minimum order fee. $15 fee for expedited orders.

*Above prices are based upon an established customer relationship with The First.  Please call your local branch for more information.