FVCbank offers several business account options to meet your banking needs. With each business account we offer the following services:
Free Business Online Banking
- Free e-Statement
- Free Debit Card
- Free Notary Service
- A listing of your business on our e-directory
First Business Checking
- Combined transactions of 500 items or less per month
- If over 500 transactions are made in a month, a fee of $0.25 per transaction will be imposed
- $200.00 minimum opening deposit
- No minimum monthly balance required
First Commercial Checking
- The advantage of combining your entire relationship balance
- Unlimited check-writing privileges with no minimum balance requirements
- Service charges may be offset by an earnings credit allowance based on the average collected balance
- Minimum of $200.00 required to open account. Customers will earn an earnings credit. Cash management fees are offset to the earnings credit.
- A $10.00 monthly fee will be imposed if balance falls below minimum balance requirement
First Not-For-Profit
- Interest paid on the entire account balance
- Average minimum monthly balance of $50,000.00 to avoid $10.00 monthly fee
- No transaction limit
- Contact local branch for current rates
- $200.00 minimum opening deposit
- Fees may reduce earnings on the account
First Not-For-Profits Limited
- Interest paid on the entire account balance
- Average minimum monthly balance of $1,000.00 to avoid $10.00 monthly fee
- Transaction limit of 100 paid checks and 200 deposited items
First Business Interest Checking
- Earns interest on all collected funds
- No transaction limit
- Average minimum monthly balance of $1,000.00 to avoid $10.00 monthly fee
- $200.00 minimum opening deposit
Interest on Lawyers Trust Account (IOLTA)
- Allows attorneys to hold short-term escrow funds
- Interest earned on all collected balances
- Interest is paid directly to the Legal Services of Virginia
- Please contact your local office for current rates
- Low $200.00 minimum to open an IOLTA
- Average minimum monthly balance of $.01
- Fees may reduce earnings on the account