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  Community First Bank Simply Free Business

Community First Bank Simply Free Business

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

Unaffiliated

Community First Bank Simply Free Business

Unaffiliated

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

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Highlights
Monthly Fee N/A
ATM Fee: Out-of-Network $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, a bank founded in 1990 and based in Walhalla, SC. Community First Bank Simply Free Business is available in 2 states across the USA.

Key Takeaways
  • No ATM fees. Community First Bank Simply Free Business does not charge fees on ATM transactions within its network but there is a fee of up to $1.50 for out-of-network ATM transactions.
  • Bill pay. Pay your bills to practically anyone in the United States through Community First Bank of South Carolina.
Community First Bank Simply Free Business Pros & Cons
Pros Cons
  • Access to physical branches.
  • Free debit card
  • No signup bonus.
  • Does not earn interest.
  • 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?

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 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?

The good news is that this account does not have a monthly service charge.

Community First Bank Simply Free Business Fees
Description
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $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:

  • 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 Simply Free Business 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 Simply Free Business allows you to manage your money online. This includes depositing checks in your account with your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.
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Message From Community First Bank Simply Free Business

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

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