Business Banking

Doing business with 1st Capital Bank is about helping your business grow and gain more financial control with flexibility. Business Banking is what we are here for…the simplicity of doing business!

Products Comparison Chart

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Business Checking Accounts

Account Type	Minimum to open account	Interest Earned	Service Charge Min. Balance	Free Online Banking	Free Bill Pay	No-ATM Charges1	Unlimited Check Writing
Business Checking	$1,000.00	N/A	$3,000.002
Business Interest Checking	$1,000.00	Yes	$3,000.003
Premier Business Interest Checking	$1,000.00	Yes	$25,000.005
Business Money Market	$1,000.00	Yes	$2,500.006				Limited to 6 transactions per statement cycle 4
Premier Business Money Market	$1,000.00	Yes	$25,000.005				Limited to 6 transactions per statement cycle4
Attorney Trust Account (IOLTA)	$1,000.00	N/A	N/A			N/A

1. No ATM Fees Worldwide: ATM fees charged from other institutions or banks will be credited back on your monthly statement

2. Business Checking: A service charge fee of $10.00 will be imposed each monthly statement cycle if the average daily balance for the monthly statement cycle falls below $3,000.00 dollars. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

3. Business Interest Checking: A service charge fee of $10.00 will be imposed each monthly statement cycle if the average daily balance for the monthly statement cycle falls below $3,000.00 dollars. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

4. Federal law limits activity on money market deposit acconts. By law, these accounts are restricted to (6) preauthorized debits during the monthly statement cycle. Preauthorized debits include checks, drafts, funds transfers and pre-authorized debits. There are no limits on the number of deposits, in person withdrawals made to these accounts.

5. Premier Business Interest Checking and Premier Business Money Market: A service charge fee of $20.00 will be imposed each monthly statement cycle if the average daily balance for the monthly statement cycle falls below $25,000.00. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.

6. Business Money Market Checking: A service charge fee of $10.00 will be imposed each monthly statement cycle if the average daily balance for the monthly statement cycle falls below $2,500.00. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. An additional transaction fee of $10.00 may be charged for each transaction in excess of six during the monthly statement cycle.

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS.

All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporate from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under FDIC’s general deposit insurance rules.

The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest.  It also includes Interest on Lawyers Trust Accounts (“IOLTAs”).  It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money market deposit accounts.For more information, click here. For more information, click here.