First Federal | Business Banking

Business Banking

Other Services

Online Cash Management Tool

Integrated suite of financial tools provides fast, flexible, and secure financial control to manage cash flow efficiently and effectively.
Access accounts online and accomplish a wide range of tasks without leaving the office.
Available 24 hours a day, 7 days a week, 365 days a year.
Check up-to-date balances on all accounts and view current account status and cleared transactions.
Set up same day, recurring, and future transfers.
Use direct deposit/ACH for payroll, accounts receivable, and accounts payable.
State-of-the-art permission controls provide different functionality to designated employees, and control the accounts, services, and information they may access.

Merchant Credit Card Processing

Free analysis of current credit card processor fees.
Accept Visa, MasterCard, American Express, Discover, and other major credit cards.
Competitive rates.
Low transaction fees.
Low cost of equipment.

Business Credit Cards

Low APR.
No annual fee.
Simplify cash flow issues.
Manage expenses.
Earn rewards.

Visa Debit Card

Use your free Business Visa Debit Card to check your balances, transfer funds, and withdraw cash 24 hours a day at ATMs across the country. Save the hassle of writing a check when you're out shopping - use your Debit Card to make purchases, and the money is drafted directly from your business account. Just present your card, sign, and go wherever you see the Visa symbol.

No charge per transaction at ATMs owned by First Federal.
$2 charge for each transaction at ATMs not owned by First Federal.
$1 charge for balance inquiries at ATMs not owned by First Federal.
No charge for debit card purchases.

Electronic Banking Services

Direct Deposit.
Automatic Payments.
ACH and Wires.
EFTPS.
Online Banking.

Savings Bonds

You may purchase US Treasury Savings Bonds at any First Federal location. These bonds are registered securities backed by the United States government.

Purchase in denominations of $50, $75, $100, $200, $500, $1,000, $5,000, and $10,000.
No fees or commissions for purchasing savings bonds.
Cash the bond (Series E, Series EE, and Series I) at any First Federal office.

Series E/EE Bonds

EE Paper Bonds are purchased at a "discount," which means that the buyer pays half of the bond's face value. For example, a $100 Savings Bond will cost $50. EE Electronic Bonds purchased online from Treasury Direct are sold at face value. For example, a $100 Savings Bond will cost $100.
Interest is periodically added to the amount originally paid to purchase the bond.
The original investment plus interest earned on the bond is paid when the bond is cashed in.
If EE Bonds are redeemed within the first 5 years, the 3 most recent month's interest will be forfeited.
More information on Series E/EE Bonds.

Series I Bonds

Series I Bonds are purchased at "face value," which means that the buyer pays $100 for a $100 Savings Bond.
Bonds earn interest based on an inflation-index for up to 30 years.
If I Bonds are redeemed within the first 5 years, the 3 most recent month's interest will be forfeited.
If EE Bonds are redeemed within the first 5 years, the 3 most recent month's interest will be forfeited.
More information on Series I Bonds.

For more information and current rates, review the US Treasury Bond Flyer or visit the Savings Bonds web site. You may also call the US Treasury at 1-800-4US-Bond.

Safe Deposit Boxes

First Federal offers Safe Deposit Boxes at most of our locations for individuals, corporations, trusts, and non-profit organizations.

Sizes* and annual fees**:

• 3x5	..........	$20.00
• 3x10	..........	$35.00
• 5x5	..........	$25.00
• 5x10	..........	$45.00
• 10x10	..........	$70.00

*Available sizes may vary by location; ask your New Accounts Representative for details.

**20% discount for auto debit of the annual fee from your First Federal account. Safe Deposit Boxes are not FDIC Insured, floodproof, or fireproof.

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