Far East National Bank offers accounts geared to the needs of all businesses. We are committed to building long-term banking relationships by meeting your company's financial needs with quality products and exceptional personal service.
Checking Account Comparison
| Account Type |
Basic Business Checking1
|
Business Checking |
Business NOW |
| Bank the way you want to...
|
A checking account with no minimum balance. For businesses with low activity. | A checking account that offers the flexibility of doing business via a branch, ATM, or online. |
An interest-bearing checking account with a low minimum opening deposit.
|
| Minimum opening deposit |
$100 | $500
|
$2,000 |
| Interest calculation |
• Non-interest
bearing
|
• Non-interest
bearing
|
• Variable
rates4 |
| Minimum daily balance to avoid monthly service & per item charges |
None | $2,500
|
$2,500 |
| Monthly service charge |
$0 | $10
|
$10
|
| Per item fee |
$0.25
per transaction over 80 debits or 100 credits
|
$0.20
per debit |
$0.20
per debit |
| Statement |
Monthly | Monthly |
Monthly |
| Outstanding features |
• No
minimum balance requirement |
• Low
minimum balance requirement |
• Unlimited
check writing |
1. A business savings or business money market is required to open the Basic Business Checking account. The FENB Premium Business Savings account does not meet this requirement. |
|||
2. Limited to eBanking access only. First 20 bill payments per statement cycle are free. A fee of $0.40 applies to each additonal payment. Standard and Premium Internet Banking services require additional fees. |
|||
| 3. Only available for
sole-proprietorships and non-profit organizations.
|
|||
4. Interest
rates may change from time to time without prior notice.
|
|||