Checking

Your business checking account is the foundation of your total banking relationship.  Whether your business is a sole proprietorship, a corporation, a limited liability company, or not-for-profit we can tailor a checking program for your business.

FREEDOM Business Checking
The hassle-free account for businesses with basic checking needs!  By maintaining a minimum daily balance of $500, you avoid a $6.00 monthly service charge.  FREEDOM Business is a must for any business-owner!

Business Analysis Checking
Business Analysis Checking is designed for businesses which may have high checking activity and use other banking services such as wire transfers.  The account receives an earnings credit to offset service fees.  

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act, from December 31, 2010, through December 31, 2012, all funds in "noninterest-bearing transaction accounts" are insured in full by the Federal Deposit Insurance Corporation. This unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account (or demand deposit account) on which the insured depository institution pays no interest. It does not include any transaction account that may earn interest, such as a negotiable order of withdrawal ("NOW") account, money-market deposit account, or Interest on Lawyers Trust Account ("IOLTA"), even if checks may be drawn on the account.

The temporary full insurance coverage of "noninterest-bearing transaction accounts" expires on December 31, 2012. After December 31, 2012, funds in noninterest-bearing transaction accounts will be insured under the FDIC's general deposit insurance rules, subject to the Standard Maximum Deposit Insurance Amount of $250,000.

For more information about FDIC insurance coverage of transaction accounts, visit www.fdic.gov.



First & Farmers National Bank
Copyright © 2011 - All rights reserved.