Checking Accounts
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1st Capital Bank features several types of checking accounts to meet your banking needs. Please choose from the list below the product that suits you the best, or for a more personal touch, drop by one of our convenient locations.
1st Capital Bank is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2009, all non-interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.
The standard insurance amount of $250,000 per depositor is in effect through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except IRAs and other certain retirement accounts, which will remain at $250,000 per depositor.
Personal
Our Personal Checking Account is a non-interest bearing account with a minimum opening requirement of $100. It’s intended to provide you with flexibility by allowing unlimited check writing and at the same time, the lowest possible monthly service charge of $10. You can avoid the monthly service charge by maintaining an average available balance of $1,000. More information will be provided at the time of opening the account.
Privileged
The Privileged Account is available for our senior citizens 55 years and older. It features a service charge free, non-interest bearing checking account. It offers free traveler’s checks or cashier’s checks, and the first order of 120 checks is free. Also, the account is truncated, giving you the security and safety that your cancelled checks are check imaged and stored by us for your future use (we’ll provide a free image of a cancelled check upon request).
Interest Checking
The Interest Checking Account allows individuals to write an unlimited number of checks per month while earning interest on the daily collected balance. No interest is paid if the collected balance is below $500 on any day during the statement period. The interest rate earned may vary according to the account’s daily collected balance. A service charge will be assessed if the collected available balance falls below $2,000 during the statement period. More information will be provided at the time the account is opened.
Money Market
Our Money Market Account allows individuals to earn interest daily on the collected balance. The account holder is allowed to make a maximum of six transfers during the monthly cycle.The account would be subject to a $10 service charge if the average available balance were below $2,500 any day during the statement period. More information will be provided at the time the account is opened.
Lifeline
If you write less than six checks per month, then the Lifeline Account is your answer. It’s a non-interest bearing account and there is a fee of $0.50 for each additional check over the six per statement cycle. There’s no charge for ATM withdrawals. A service charge of $3 would apply if the account falls below $100. Also, truncation is required, giving you security and safety that your cancelled checks are check imaged and stored by us for your future need (we’ll provide a free image of a cancelled check upon request). More information will be provided at the time the account is opened.
Direct Deposit
If you’re looking for an account that is service charge free, this is the one. Direct Deposit Account is a non-interest bearing checking account intended for the customer who has monthly direct deposits. Truncation is required, giving you security and safety that your cancelled checks are check imaged and stored by us for your future need (we’ll provide a free image of a cancelled check upon request). More information will be provided at the time the account is opened.
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