Checking Options

First Option Bank offers a full menu of checking options that are designed to fit every lifestyle and need. From our Free Checking to VIP Checking options, we’re here to serve you and can help you find the account that is best for you.

 

Checking Options at a Glance

	FIRST OPTION FREE	VIP	VIP PLUS	FIRST MARKET PLUS	FIRST INSURED MONEY MARKET
Minimum opening deposit	$100	$500	$2,500	$50,000	$500
Unlimited Transations	✔	✔	✔	✔
FREE Instant Issue Check Card	✔	✔	✔	✔
FREE Online Banking	✔	✔	✔	✔	✔
FREE Bill Pay	✔	✔	✔	✔	✔
E-statements Available	✔	✔	✔	✔	✔
FREE Xpress Phone Banking	✔	✔	✔	✔	✔
FREE Club Checks		✔	✔
Interest Bearing			✔	✔	✔
	More Info	More Info	More Info	More Info	More Info

 

Free Checking

This is a simple, free, convenient account with unlimited check writing and check card transactions. Automated Overdraft Privilege may apply.

• Minimum opening deposit of $100
• Maximum Overdraft Privilege of $300
• No monthly service charge
• No minimum balance requirement
• Unlimited check writing privileges
• FREE transactions at First Option Bank ATMs
• FREE Instant Issue Visa® check card
• FREE Internet Banking and FREE Online Bill Pay

VIP and VIP Plus Checking

First Option Bank’s VIP accounts are designed for those Very Important People of all ages who are interested in extra services and organized outings with other club members. Enjoy the special benefits and privileges with both club accounts that are available just for our VIP members. VIP Plus members can enjoy earning interest on their funds too!

Special VIP Privileges

• FREE special VIP checks or 40% off other checks of choice
• FREE money orders
• FREE cashiers checks
• FREE limited photocopies
• Special tiered rates for Certificates of Deposit
• Special VIP club trips
• Investment, retirement and trust referral services

VIP Account

• Minimum opening deposit of $500
• No monthly service charge when maintaining a $500 minimum balance or an average balance of $1,000 each statement period
• Low monthly fee if balance falls below minimum
• Unlimited check writing privileges
• Increased Overdraft Privilege limit of $500
• FREE Instant Issue VISA® Check Card
• FREE Internet Banking and FREE Online Bill Pay

VIP Plus Account

• Minimum opening deposit of $2,500
• Tiered interest rates
• No monthly service charge when maintaining the $2,500 minimum balance
• Nominal monthly fee if balance falls below minimum
• Unlimited check writing privileges
• Increased Overdraft Privilege limit of $500
• FREE Instant Issue Visa® Check Card
• FREE Internet Banking and FREE Online Bill Pay

 

First Market Plus

A First Market Plus account combines the best of bank and brokerage money market accounts into one. Individuals may enjoy the competitive rates this interest bearing account offers.

• Minimum opening deposit of $50,000
• No minimum balance requirement after account opening
• Tiered rates available
• Unlimited check writing privileges
• Monthly statements
• FREE Instant Issue Visa® Check Card
• FREE Internet Banking and FREE Online Bill Pay

 

First Insured Money Market

This is an insured money market account with limited transactions for individuals who want to have easy access to their funds while earning interest.

• Minimum opening deposit of $500
• Earns a higher interest rate than our VIP Plus or savings account
• Interest paid monthly
• No monthly fees if a minimum balance of $500 or average daily balance of $1,000 is maintained
• FREE Internet Banking and FREE Online Bill Pay
• Transactions are limited per Federal regulation to six transfers or six checks per month to a third party
• A fee of $1 is charged for each withdrawal or transfer to a third party after the first six