Security 1st Bank

Business Checking Accounts

Security First Bank recognizes that every business is unique, with specialized banking requirements. That’s why we offer a variety of business checking accounts—choose from interest bearing or non-interest bearing accounts designed for business, non-profit or public funds.

Account Features First Business Checking First Business Checking w/ Interest Public Funds Checking Public Funds Checking w/ Interest Non-Profit Checking Non-Profit Checking w/ Interest Money Market Accounts
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Customer Profile Designed for corporations, partnerships and sole proprietorships Designed for businesses that maintain higher balances and wish to earn interest on their account. Designed for governmental entities. Designed for governmental entities that maintain higher balances and wish to earn interest on their account. *Some accounts not eligible. Designed for non-profit organizations. Designed for non-profit organizations that maintain higher balances and wish to earn interest on their account. Designed for entities that want an interest-earning deposit account with limited check writing ability.
Interest None Tiered interest rate based on the average collected account balance. None Tiered interest rate based on the average collected account balance. None Tiered interest rate based on the average collected account balance. Tiered interest rate based on the average collected account balance.
Account Maintenance $5 per month if average balance falls below $1,500. $5 per month. $7 per month if average balance falls below $500. $8 per month if average balance falls below $1,500. $7 per month if average balance falls below $500. $8 per month if average balance falls below $1,500. $8 per month if average balance falls below $2,500.
Deposits/Credits First 20 items per month are free. $0.10 each after first 20. First 20 items per month are free. $0.10 each after first 20. No charge No charge No charge No charge No charge
Checks/Debits First 20 items per month are free. $0.15 each after first 20. First 20 items per month are free. $0.15 each after first 20. No charge No charge No charge No charge No charge
Deposited Items Drawn on Security First Bank First 20 items per month are free. $0.03 each after first 20. First 20 items per month are free. $0.03 each after first 20. No charge No charge No charge No charge  
Local Item Deposits (All NE & SD Items) First 20 items per month are free. $0.05 each after first 20. First 20 items per month are free. $0.05 each after first 20. No charge No charge No charge No charge  
Transit Item Deposits First 20 items per month are free. $0.08 each after first 20. First 20 items per month are free. $0.08 each after first 20. No charge No charge No charge No charge  
Earnings Credit Based on prior month average 91-day T-Bill rate. Available only on non-interest bearing checking. Not applicable Not applicable Not applicable Not applicable Not applicable

 

Allowable Transactions
Debit transactions are limited to (6) per month. Debit transactions are defined as transfers from money market accounts to another account or to third parties by check, preauthorized, automatic or telephone transfer.