Business Checking

At First Federal, we understand the value of solid business relationships that last through the life of the business. We recognize that your business has new opportunities and challenges daily, no matter the size. Because your needs are important to us, we offer Business Checking accounts that will put your money to work for you.

Need help choosing the best option for your needs? Our Business Banking Officers are here to help you find the right product to fit your individual business needs! Call us or stop by your nearest branch to open your account today.


Each Business Checking account includes:
  • Business Visa® Debit Card instantly issued at any First Federal location
  • Business Online Banking & Bill Pay*
  • Mobile Payments
  • Access to 40,000+ surcharge-free ATMs through the MoneyPass network**
  • Telephone Banking

FREE Business Checking

It doesn’t get a whole lot more simple and straightforward than this. Just a great business checking account without all the muss or fuss.
  • No per item fees (analysis fees)
  • No monthly service charge
  • $100 minimum deposit amount to open account
  • Unlimited debits, credits, and deposited items

Business Interest Checking

All the great features of our Free Business Checking but with interest paid on your balances. Maintain a modest balance to avoid the monthly service charge.
  • $100 minimum deposit amount to open account
  • Must maintain $3,500 minimum daily balance or an average daily balance of $7,000 to avoid $12 monthly service charge
  • Must maintain $3,500 average daily balance to earn interest
  • Unlimited debits, credits, and deposited items

Switch to First Federal

It’s easy to switch your business checking account to First Federal! With our ClickSWITCH™ service, you can easily move recurring payments and direct deposits to your new First Federal Business Checking account. ClickSWITCH™ transfers your account information instantly. It’s fully automated and takes as little as 10 minutes. Find out more about ClickSWITCH.

Effective May 11, 2018, all banks will be subject to new rules under the Bank Secrecy Act that will aid the government in the fight against crimes to evade financial measures designed to combat terrorism and other national security threats. EACH time an account is opened, or you need to make a change on an existing account for a covered Legal Entity, we will also be required to ask you for identifying information (name, address, date of birth, social security number), as well as identification documentation (Driver’s License) for:

  • EACH individual that has 25% or more Beneficial Ownership in the Legal Entity; and,
  • ONE individual that has Significant Managerial Control of the Legal Entity

*Internet provider fees may apply.
**Some ATM fees may apply to certain ATMs in the U.S. and internationally.

Younger man with dark hair and glasses sits ata desk with a jean button up shir tover a whte t-shirt. He is on a computer and is moving the mouse to navigate.

Now you can easily move recurring payments and direct deposits to a new account - all with the click of a mouse. With ClickSWITCH™, account information is transferred instantly. It’s fully automated, convenient, and takes as little as 10 minutes.

Find Out More