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  Community First Bank IOLTA

Community First Bank IOLTA

in Business Checking Accounts from Community First Bank of South Carolina · Member fdic

Unaffiliated

Community First Bank IOLTA

Unaffiliated

in Business Checking Accounts from Community First Bank of South Carolina · Member FDIC

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Highlights
Monthly Fee Starting at $12
ATM Fee: Out-of-Network $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
  • $50 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • Free bill pay. Pay your bills to practically anyone in the United States through Community First Bank of South Carolina.
  • Hard credit pull. Community First Bank of South Carolina may require a hard pull on your credit report to open a checking account.
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, your Community First Bank of South Carolina business checking accounts are 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
Monthly Fee Starting at $12
Paper Statement Fee $5
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $1.50
NSF Fee $35
Overdraft Protection Fee (per transfer) N/A
Overdraft Item Fee $35
Early Account Closure $20
Returned Deposit Fee (Domestic) $10
Debit Card Replacement Fee $10
Bank Teller Fee N/A
Check Cashing Fee N/A
Online Bill Pay Fee $0
Stop Payment Fee $30
Check Image Service N/A
Check Copy N/A
Foreign Transaction Fee (Debit Card) N/A
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Outgoing) $60
Wire Transfer Fee - International (Incoming) $60
Returned Deposit Fee (International) N/A
Wire Transfer Fee - Domestic (Incoming) $15
ATM Reimbursement Monthly Limit N/A

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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Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 6:00pm
  • Saturday Closed

Other Services by Community First Bank of South Carolina

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View all business checking accounts offered by Community First Bank of South Carolina

Availability

  Available in 2 states
  • North Carolina
  • South Carolina

Feature Breakdown

Minimum Initial Deposit $50
ATM Fee: In-Network $0
Online Bill Pay Fee $0
ATM Fee: Out-of-Network $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
Bank Account Features
  • IRAs
  • FDIC Member
  • Check Writing
  • Branch Access
  • Free Bill Pay
  • Fraud Protection
  • Fraud Monitoring
  • Mobile Banking
  • Check Images with Statement
  • Mobile Check Deposit

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