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Community First Bank IOLTA Unaffiliated

Community First Bank IOLTA

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3 reviews
Highlights
Monthly Fee Starting at $12
ATM Fee: Out-of-Network Starting at $1.50
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) N/A

Community First Bank IOLTA Review

Community First Bank IOLTA is offered by Community First Bank of South Carolina, a bank founded in 1990 and based in Walhalla, SC. Community First Bank IOLTA is available in 2 states across the USA.

Key Takeaways

  • Bill pay. Pay your bills to practically anyone in the United States through Community First Bank of South Carolina.

Community First Bank IOLTA Pros & Cons

Pros Cons
  • Access to physical branches.
  • No signup bonus.
  • Does not earn interest.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Only available in 2 states.
  • Higher than average wire transfer fees.
  • Charges a fee on out-of-network ATM transactions.

Community First Bank IOLTA FAQ

Are business checking accounts from Community First Bank of South Carolina federally insured?

Yes, this account is insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #32838). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Community First Bank IOLTA offer?

Community First Bank IOLTA is not an interest bearing account.

What are the account minimums for Community First Bank IOLTA?

Community First Bank IOLTA requires a minimum initial deposit of $50 to open an account.

Community First Bank IOLTA Account Minimums
Description Amount
Minimum Initial Deposit $50

What fees does Community First Bank IOLTA charge?

Community First Bank IOLTA Fees
Description
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $1.50
Debit Card Replacement Fee $10
Early Account Closure $20
Monthly Fee Starting at $12
NSF Fee $35
Online Bill Pay Fee $0
Overdraft Item Fee $35
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $10
Stop Payment Fee $30
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Incoming) $60
Wire Transfer Fee - International (Outgoing) $60

What features and perks does Community First Bank IOLTA offer?

This account includes the following features:

  • Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
  • Fraud monitoring - Community First Bank IOLTA monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Community First Bank IOLTA allows you to manage your money online. This includes depositing checks in your account with your smartphone.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Community First Bank of South Carolina

Just for Attorneys. Exclusively tailored to meet Attorney needs, your account includes: Unlimited access to Online Banking basics – no charge. Unlimited access to Mobile Banking – no charge. Unlimited access to Bill pay – no charge. Minimum monthly service charges.

Availability

  Available in 2 states
  • North Carolina
  • South Carolina

Feature Breakdown

Minimum Opening Deposit Starting at $50
ATM Fee: In-Network $0
Online Bill Pay Fee $0
ATM Fee: Out-of-Network Starting at $1.50
Debit Card Replacement Fee $10
Early Account Closure $20
Monthly Fee Starting at $12
NSF Fee $35
Overdraft Item Fee $35
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $10
Stop Payment Fee $30
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Incoming) $60
Wire Transfer Fee - International (Outgoing) $60
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Business Formation Documents
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • IRAs
  • Branch Access
  • Member FDIC
  • Check Writing

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