New Accounts (Consumer)
With no minimum balance requirement and no monthly service charge, this account is designed for anyone who wants to enjoy the convenience of an unlimited transaction account with the technology to make their money accessible on their terms. This account is ideal for clients who plan on keeping smaller balances, who do not want to maintain a minimum balance requirement, and those who aren't concerned with earning interest.
Account Features:
In addition to the standard free Everyday Services, the account includes:
What is Freestyle Checking
The account is designed to be free for businesses having fewer than 100 transactions per month. With no minimum balance requirement, this account is ideal for new businesses, side businesses, and any other businesses with lower transaction volumes.
Note: Transaction items include checks written, deposits, items deposited, and transfers.
About the Account:
Additional Fees:
What is Business Budget Checking
Pay bills right from your online banking or mobile device
FREE Unlimited Use for consumer checking accounts.
FREE Use up to10 bills per month for business checking accounts. Additional Bills $0.60 each
What is Bill Pay (iPay)
a consumer loan designed to help clients build good credit history. The loan proceeds are deposited into the client’s FFB Traditional Savings Account with a hold placed on the total amount of the loan proceeds.
Once the loan has been paid in full, the hold on the savings account will be released. This means that at the end of the loan term, the client has built their credit history by making payments on time and they now have a savings account with funds to use for any purpose they choose.
What is a Credit Builder Loan
Is a feature that allows commercial clients the ability to utilize all the available balances in multiple accounts to offset service charges and fees. All commercial accounts are tied together and paid an Earnings Credit before calculating service charges and applying any fees. The Earnings Credit is applied to the monthly average collected balance and is used to offset fees for monthly maintenance, transactions, cash management, and most additional banking services. The Earnings Credit rate is based on the Bank’s interest rate index and can be found on the Deposit Rate sheet.
Earnings credit is applied to the monthly average collected balance and used to offset fees and monthly service charges
Fee Information:
18% APR is charged on negative average collected balances
What is Account Analysis
Tired of ATM fees? FFB has the solution for you! This account offers automatic refunds on ATM surcharges from other banks* plus you'll pay no fees from us for using non-FFB ATMs so you can enjoy wherever your travels take you.
About the Account:
- *Up to 20 surcharges from non-FFB ATMs automatically refunded per statement cycle
- Never a fee from us for using FFB ATMs
Account Features:
What is Global Checking
The account is designed to serve your clients' commercial checking account needs. It is a versatile account featuring unlimited check-writing that can be utilized for operating, payroll, or whatever your client chooses. This account is intended for commercial clients conducting a larger volume of transactions each month.
An earnings credit is applied to the monthly average collected balance and is used to offset fees for monthly maintenance, cash management fees, and most additional banking services. As the account balances grow, the earnings credits applied to offset fees will also grow. To view the current rate on earnings credits, please refer to the Deposit Rate sheet.
About the Account:
Earnings credit is applied to the monthly average collected balance and used to offset fees and monthly service charges
Additional Fees:
18% APR is charged on negative average collected balances
Note: The account is the only account-type CRBs and/or CBD businesses may
What is Commercial Checking
The security of our clients' accounts is our priority! With these alerts, clients will be notified of possible fraud by phone, email, and/or text message. It's simple, easy, and will help clients stay ahead of suspicious activity.
While FFB has always tracked potential fraudulent transactions, this provides clients real-time alerts that will allow them to immediately confirm or deny suspicious transactions, preventing fraud and keeping the debit card active. Clients are automatically enrolled in this free service to enhance the security of their accounts.
How does it work?
FFB will monitor transactions on debit cards for potential fraud. If we identify a potentially fraudulent transaction, FFB will alert clients via text message, email, and/or phone. Clients need to respond to confirm or deny the transaction.
What is Debit Card Fraud Alerts
a revolving line that allows a client to use up to 80% of the equity in their home as collateral. It may be tied to a checking account to sweep funds or advances may be made for use. It advances in $100 increments. Clients can use instead of a credit card. Client is responsible for interest monthly.
What is a Interest-Only Home Equity Line of Credit (HELOC)
Is a fraud protection service that prevents the processing of unauthorized electronic debits. This is a highly effective defense solution that assists business owners with monitoring their accounts for fraudulent activities. This product is very similar to Positive Pay but designed for ACHs rather than checks. Debits and/or credits sent through the ACH system may be blocked by Jack Henry.
Fee Information:
Benefits:
What is ACH Blocker & Filter
This account is an unlimited transaction account that earns interest. Tiered interest is earned at the prevailing market rate and paid monthly. Interest rates are variable and subject to change without notice. If the account balance falls below the monthly balance requirement, no interest is paid and a monthly fee is charged. This account is ideal for clients wish to have an interest-bearing checking account.
Interest Rate Tiers:
About the Account:
Account Features:
In addition to the standard free Everyday Services, the account includes:
What is Maximizer Checking
This is an interest-bearing checking account only available only to non-profit organizations; it is not available to any other corporations (LLC, corporations, partnerships, etc.) or sole proprietorships. The interest rates are tiered to earn a higher rate on investment balances and paid monthly at the prevailing market rate. To see the current rate on earnings credits, refer to the Deposit Rate sheet.
Interest Rate Tiers:
About the Account:
Additional Fees:
What is Non-Profit Checking
Points are earned each time an FFB card is used for purchases that can be redeemed for gift cards, merchandise, travel, and more! Points are redeemable by accessing GoBankFFB Online or the GoBankFFB mobile app.
Clients are automatically signed up and start accruing points when they receive and begin using their debit card.
What is Debit & Credit Card Rewards
Our fixed-rate mortgages are fully amortizing, fixed-rate, conventional conforming mortgage loans, retained and serviced right here at First Fidelity Bank for 10/15 years.
Loan Origination Fee:
What is 10 or 15-Year In-House Mortgage
allows business clients the ability to deposit checks directly from their offices, eliminating the need to drive to the bank. Clients with this service also benefit from the convenience of a later cutoff time for check deposits than if they presented the transaction for processing at the teller line.
This solution works on a laptop or desktop PC. We don’t charge for the scanner, just the service itself. If it breaks, we replace it for free. Reports are customizable. Clients can see front and back images of checks and deposits and will learn of returned items quicker.
Fee Information:
Benefits:
Additional Information:
What is Enterprise Electronic Deposit (EED) / Remote Deposit Capture (RDC)
A checking account for our clients who prefer to track their spending with paper statements.
About the Account:
Account Features:
In addition to the standard free Everyday Services, the account includes:
What is Traditional Checking
The account allows clients the potential to bypass the monthly service charge by maintaining a higher balance. To see the current rate on earnings credits, refer to the Deposit Rate sheet.
Note: Transaction items include checks written, deposits, items deposited, and transfers.
About the Account:
Additional Fees:
What is Business Performance Checking
An easy way to save: Swipe. Sweep. Save! Every time an FFB debit card is swiped, a fixed amount chosen by the client is automatically swept into their First Fidelity Bank savings account.
Clients choose the amount they want to transfer during set-up and can even set a daily savings limit. Once the daily limit is met, the transfers automatically stop. Clients can also choose to sweep their pre-determined amount with each transaction or as a daily lump sum.
This service will never overdraw a client's account. If the pre-set transfer amount exceeds the current balance, the transfer simply will not occur. It is available free of charge to individuals and businesses with Business Budget Checking.
To activate create a Salesforce Case to Deposit operations that includes:
What is Pocket Your Change
This type of financing is used to purchase or refinance private passenger vehicles for business use, commercial vehicles, or equipment, which will serve as the collateral for the loan. Not only do business term loans provide the financial security needed to invest in bigger purchases, but they also allow business owners to budget and plan more effectively with the consistency of regularly scheduled payments.
What is Equipment & Vehicle Loans
This is a sophisticated system designed to combat check fraud. In this process, the business and the Bank work together to detect fraudulent checks by identifying items presented for payment the business did not issue. The business transmits a file of issued check information to the Bank each day. The Bank then matches serial numbers and dollar amounts of checks presented for payment against the issue file and pays only the checks that match. Checks not found in the issue file are exception items the business can review for negotiability.
Treasury Service Relationship Managers will work with clients to build an initial database as an import/data dump from their accounting software, if applicable. It is a great service for business owners that issue checks frequently and can help prevent a close-reopen due to fraudulent account activity.
Fee Information:
Benefits:
Additional Information:
What is Positive Pay
Available to individuals and sole proprietorships, the account is designed for high-net-worth clients. Featuring wealth management services and First Option benefits, this unlimited transaction, interest-bearing checking account provides maximum value to clients carrying large balances. Tiered interest is earned at the prevailing market rate and paid monthly. Interest rates are variable and subject to change without notice. If the account balance falls below the monthly balance requirement, no interest is paid and a monthly maintenance fee is charged.
Interest Rate Tiers:
About the Account:
Account Features:
In addition to the standard free Everyday Services, the account includes:
What is Private Reserve Checking
The account is ideal for businesses that want a low-cost account to manage their cash while earning interest.
Free Interest Rate Tiers:
About the Account:
Additional Fees:
Go Bank FFB + Mobile App $5 per month per Tax ID number. Additional Accounts with a different Tax ID number will be $1.00 each. Go Bank FFB includes BillPay up to 10 bills per month. Additional bills are $ .60 each
Paper statements $3 per month if not enrolled in eStatements
What is Capital Reserve Money Market
This product is a one-stop shop to view spending activity, set up card controls & alerts, manage travel plans & notifications, report cards as lost or stolen, and many more features all customizable to your lifestyle.
What is FFB Wallet
Lines of credit can help even out cash flow, increasing working capital. They are typically used to help manage the monthly ups and downs of running a business, such as paying bills, covering payroll, or dealing with cash flow shortages. This is a great way to bridge the gap between tasks needing to be done and the cash flow needed to support them. Because of this cyclical nature of business, this type of funding is ideal for short-term purchases and expenses.
The line may be drawn upon at any time and interest is only charged on funds the business actually uses. Unlike a term loan, revolving credit allows businesses to borrow working capital as needed, up to their approved credit limit, without having to reapply each time. The RE Secured Line of Credit may be secured by residential or commercial real estate up to $750,000 and may revolve up to 3 years.
What is Owner-Occupied Real Estate Secured Line of Credit
The platform is designed to support businesses of all sizes. From small start-ups to large corporations, the platform can meet the financial needs of any business. It allows businesses owners to view account and transaction details for all depository and loan accounts and create custom reports, helping them gain the insights needed to make great business decisions.
Includes:
It is available in two tiers, depending on the needs of the business. ________Essentials is perfect for small to medium sized businesses with limited treasury service needs. ______ Commercial is a great fit for larger businesses with multiple administrators or a need for multiple treasury service products. See the chart below for details on which services are included in each tier.
What is GoBizFFB Platform