Commercial Checking Accounts
Effective May 1, 2015
The First National Bank offers a wide variety of deposit products including:
- E-Business Checking Accounts
- Commercial Checking Accounts
- Commercial NOW Accounts
- Non-Profit NOW Accounts
- Deposit Sweep and Cash Management Balance Accounts
- Commercial Savings Accounts
- Commercial Money Market Accounts
E-Business Checking
Our e-Business Checking account has been designed with today's small business owners in mind - those who utilize the benefits of today's modern technology. We offer our free Online Banking and Bill Pay services in conjunction with a business checking account that has no minimum balance requirement, no monthly service charge, and allows you to process low-volume paper transactions without fees.
| Features | Details |
|---|---|
| Monthly Maintenance Fee | FREE |
| Online Banking | FREE |
| Online Bill Payment | Unlimited |
| On-Us Deposited Items | Unlimited |
| ACH Credits and Debits | Unlimited |
| Foreign Items Deposited | Up to 50 Per Month* |
| Deposits | Up to 20 Per Month* |
| Paper Checks | Up to 20 Per Month* |
| *Deposits greater than 20 | $1.00 per deposit |
| *Paper checks written after 20 | $.45 per check |
| *Foreign items deposited greater 50 per month | $.45 per item |
Commercial
The First National Bank of Ottawa's checking account gives you credit for balances to offset account service fees.
- Your balance qualifies you for valuable earnings credit
- Commercial Checking Fees
| Fees | Ammount |
|---|---|
| Monthly Maintenance Fee | $9.85 |
| Fee Per Debit | .20 |
| Fee Per ACH Debit | .03 |
| Fee Per Item Deposited (On Us) | .12 |
| Fee Per Item Deposited (Foreign) | .19 |
| Per Negative Collected Balances | Prime + 6% |
- Service fees can be reduced or eliminated through through an Earnings Credit for balances kept on deposit
- Account activities, including images of canceled checks are provided in a timely monthly statement
- Additional services are available to tailor your account to your needs, including a monthly account analysis
- Automated payroll service available
Commercial NOW Account Checking
An interest-bearing checking account that is offered exclusively to sole proprietorships and other qualified businesses..
- Commercial NOW Account Fees
| Fees | Ammount |
|---|---|
| Monthly Maintenance Fee | $15.00 |
| Fee Per Debit | .20 |
| Fee Per ACH Debit | .03 |
| Fee Per Item Deposited (On Us) | .12 |
| Fee Per Item Deposited (Foreign) | .19 |
| Per Negative Collected Balances | Prime + 6% |
- Write checks to access funds
- Unlimited access to deposited funds
Non-Profit Checking
An interest-bearing account tailored for our Non-Profit customers.
- Unlimited access to deposited funds
- Your liquid funds generate interest for you
- Write checks to access funds
- $2.00 Service Charge fee if average daily balance for the monthly statement falls below $500.00
Deposit Sweep and Cash Management Balance Accounts
Deposits are automatically transferred into interest-bearing accounts.
- Maintain balances at predetermined levels
- Provides income on excess funds and eliminates surplus cash positions
- Client can maintain balances that are sufficient to offset service charges
- Funds can be combined in one account to facilitate cash management process
- Integrates with lines of credit to offset cash deficits
- Automates cash management via secured, internet access
Commercial Savings Accounts
An interest-bearing deposit account with access to funds.
- Interest is compounded daily and credited quarterly
- Low minimum balance requirement
- Money may be invested for any length of time
- Transaction limitations may apply
Commercial Money Market
An investment account with lower minimum balance requirements that provides liquidity and earnings.
- Earn interest and gain easy access to funds
- Interest accrues daily and is paid monthly
- Limited check writing privileges with regulatory restrictions on transactions
- Receive detailed monthly statements on account activity