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  Community First Bank Simply Free Business
Community First Bank Simply Free Business Unaffiliated

Community First Bank Simply Free Business

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Highlights
Monthly Fee N/A
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 Simply Free Business Review

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

Key Takeaways
Community First Bank Simply Free Business Pros & Cons
Pros Cons
  • No signup bonus.
  • Does not earn interest.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Not FDIC-insured.
  • Only available in 2 states.
  • Higher than average wire transfer fees.
  • Charges a fee on out-of-network ATM transactions.
Community First Bank Simply Free Business FAQ

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

No, your Community First Bank of South Carolina business checking accounts are not insured by a federal insurance agency. This means that if Community First Bank of South Carolina were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

What APY does Community First Bank Simply Free Business offer?

Community First Bank Simply Free Business is not an interest bearing account.

What are the account minimums for Community First Bank Simply Free Business?

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

Community First Bank Simply Free Business Account Minimums
Description Amount
Minimum Initial Deposit $50

What fees does Community First Bank Simply Free Business charge?

Community First Bank Simply Free Business 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
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 Simply Free Business offer?

This account includes the following features:

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Message From Community First Bank of South Carolina

Perfect for Most Businesses. A simple account to manage your funds while you focus on what matters most.

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
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
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Nationwide ATM Network
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Branch Access
  • Member FDIC
  • Check Writing

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Community First Bank of South Carolina Business Checking Accounts

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