First Advantage Bank offers account options for every type of business.
Whether you are a sole proprietor working from a home office, a small business owner, or a large corporation, comprehensive business banking options are available.
All accounts have low minimum balance requirements to help you avoid monthly fees, 24- hour account information access, liberal activity allowances and include free check images with each monthly statement.
and credited monthly.
you earn.
of return.
LOANS
To get information about business loans please call Barry Sorensen at 763-780-6612. To download a personal financial statement, click here.BUSINESS CHECKING
In addition to 100 free items per month, a $2,500 average collected balance means no service fees. Items include: checks paid, deposit items and ACH debits/credits.BUSINESS INTEREST CHECKING
This interest-bearing account is ideal for the sole proprietor or non-profit organization. Interest is calculated and credited monthly. Maintain a minimum average collected balance and your monthly maintenance fees are waived. This account includes 100 free items per month.COMMERCIAL CHECKING
A perfect choice for the active account holder. Our Commercial Checking option offers businesses our lowest activity fee. In addition, an earnings credit offsets the service charges to maximize your money.| BUSINESS CHECKING |
BUSINESS INTEREST CHECKING |
COMMERCIAL CHECKING | |
|---|---|---|---|
| Minimum Opening | $100 | $100 | $100 |
| Minimum Average Collected Balance |
$2,500 | $2,500 | None |
| Service Fee | $7.50 monthly, if below minimum | $7.50 monthly, if below minimum | $12 monthly, if below minimum |
| Earnings Credit | No | No | Yes |
| Interest | No | Yes, if balance is above $500 | No |
| Statement | Free imaging or $10 monthly to receive canceled checks | Free imaging or $10 monthly to receive canceled checks | Free imaging or $10 monthly to receive canceled checks |
| Activity Fees | 20¢ per item after 100 | 20¢ per item after 100 | 15¢ per item |
BUSINESS SAVINGS
This account serves the needs of businesses with basic banking needs while offering variable interest rates compoundedand credited monthly.
COMMERCIAL SAVINGS
A low $1,000 balance requirement helps to avoid monthly account maintenance fees. In addition, this account offers competitive, tiered interest rates. The higher your balance, the moreyou earn.
COMMERCIAL INVESTOR SAVINGS
Our most high performance account offers a comprehensive set of services. This money market account is the choice for businesses that want both security and a competitive rateof return.
| BUSINESS SAVINGS |
COMMERCIAL SAVINGS |
COMMERCIAL INVESTOR SAVINGS |
|
|---|---|---|---|
| Minimum Opening | $100 | $100 | $1,000 |
| Minimum Balance | $500 | $1,000 | $25,000 |
| Service Fee | $3 monthly, if below minimum | $10 monthly, if below minimum | $25 monthly, if below minimum |
| Interest | Yes, compounded monthly | Yes, tiered, based on balance | Yes, tiered, based on balance |
| Statement | Monthly | Monthly | Monthly |
| Activity Fees | $1 per withdrawal if over than 6/month | $1 per withdrawal if over than 6/month | $1 per withdrawal if over than 6/month |
