First Choice Commercial Services
Your business efficiency requires eliminating and managing overhead. Eliminating ongoing checking fees with First Choice Community Bank's Free Small Business Checking, you're off to a good start.
Discover a banking culture that's designed around keeping your company prosperous. From daily money management of long-term company plans, you'll notice a refreshing flexibility and willingness to help.
When business opportunities arise, you'll find that local loan decision-making means a quicker availability of funds.
We'll even be glad to meet you at your place of business. Welcome to banking that makes life easier.
Checking Accounts
Free Small Business Checking
- Paying unnecessary expenses is not good business. For smaller companies with limited banking activity, Free Small business Checking helps reduce company overhead month after month.
- Includes up to 300 transaction items per month. A $10 service charge is only charged when the 300 item limit is exceeded. Ask for details.
- No minimum balance required, but there is a $100 minimum opening deposit.
Business Interest Checking
- Available to sole proprietors and non-profit organizations.
- Balances over $10,000 earn a higher interest rate. Balances over $50,000 earn an even more attractive rate.
- Interest is paid monthly.
- Earn interest every day on account balances over $1,000. With a $1,000 average daily balance you'll avoid the monthly service fee.
- $100 minimum opening deposit.
Analysis Checking
- The higher your balance, the more your company will save. You'll earn credit on your average daily balance, based on the Federal Funds rate to apply against account fees.
- Monthly analysis charge is $12/month, plus .10 per item deposited, .15 per item paid, and.25 per deposit, with a $3 charge back per items.
- $100 minimum opening deposit.
Business Savings
- Earn interest on any balance, with a competitive rate that adjusts to market conditions.
- There's no monthly service charge, and up to six withdrawals or transfers are permitted per statement cycle.
- Your account is FDIC protected.
- $100 minimum opening deposit.
Business Money Market
- Interest is paid monthly. Maximize your profits!
- With a $1,000 average daily balance you'll avoid the monthly service charge.
- Balances over $10,000 earn a premium interest rate. Balances over $50,000 earn a super-premium rate.
- Unlimited free withdrawals and transfers are permitted when made in person. Otherwise, six withdrawals or transfers are permitted per month.
- Your account is FDIC protected.
- $100 minimum opening deposit.
Certificates of Deposit
- Lock in a great investment rate that's for the term of your CD.
- The following terms are available: 6, 12, 18, 24, 36, 48, and 60 months. $500 minimum deposit.
- It's your choice: interest can be paid monthly, quarterly, semi-annually, annually or at maturity to the CD, or transferred to any other account you choose.
- Certificates can be set up for automatic renewal for your convenience.
- Penalty may be applied for early withdrawal.
Rate Climber CD
- You have the option of a one-time change during the term of the CD to the Bank's current rate without penalty, or changing the original maturity date.
- 36-month term; $500 minimum deposit; interest paid quarterly.
Add-On CD
- Looking for a great rate and flexibility? You have the option of a one-time withdrawal with no penalty.
- 12-month term; $100 minimum deposit; interest paid quarterly.
- Earn more on your extra cash by making deposits as you like.
IRAs
SEP IRA
- Small business owners and sole proprietor can use a Simplified Employee Pension IRA as their sole, or as an additional, tax- advantaged retirement account.
- Contributions are made with pre-tax dollars. Earnings and contributions grow tax-deferred until that are withdrawn. A doubly strong retirement investment!
Simple IRA
- An easy way for small employers to match their employees' payroll-reduction retirement contributions.
- See a First Choice banker for details about various IRAs, including requirements and yearly contribution limits.
Business Loans
First Choice Business Loans
- As community bankers, the business specialists at First Choice go out of their way to support the needs and success of community businesses. Since they have experience in the local area and markets, they can offer useful suggestions to help reduce your company's costs and risks.
- Get funding quickly to take advantage of fleeting business opportunities.
- Growing companies will find ready capital with flexible terms for new equipment, inventory, or the construction of new or additional facilities.
- Get the money you need for starting up new businesses, or for acquisition and development.
Commercial Real Estate Loans
- Tell us about your plans, and your First Choice banker will find the smartest way to borrow.
- Use your loan to purchase land or existing buildings for expanded facilities or as investment properties.
Business Line of Credit
- When there's a recurring need for funds, a credit line makes good business sense; instead of repeatedly applying for loans, you can make your business a loan by writing a check.
Internet Banking
- Bank in your home or at the office 24/7 via the Internet-free of charge.
- View and download account information, including statements for the last 12 months.
- Transfer funds between accounts.
- Request stop payments.
Online Bill Pay
- Save time, envelopes and stamps.
- Use it for free; no monthly fee and on per bill charges.
- Set up recurring payments automatically.
- Feel confident that your money and information are safe and secure.
- Register online to get started.
Telephone Banking
- All account holders at First Choice Community Bank can access their account information 24 hours a day by phone at 678-486-4962.
- Listen to all your account transactions, inquire about your direct deposit, transfer funds between accounts and even get our current interest rates.
Business Debit & ATM Cards
- With a First Choice Check Card, your company can make purchases anywhere MasterCard is honored and the money is automatically deducted from your business checking account. Looks like a credit card, and works like a check. There's no annual fee or per item charge.
Night Deposit
- After hours, just drop your deposit in the night depository. It will be processed the next business day and you will be mailed a receipt promptly.
Equal Housing Lender