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  First Premier Bank Free Checking

First Premier Bank Free Checking

in Checking Accounts from First Premier Bank · fdic

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First Premier Bank Free Checking

Unaffiliated

in Checking Accounts from First Premier Bank · Member FDIC

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Highlights
Monthly Fee $0
ATM Fee: Out-of-Network N/A
Minimum Balance to Avoid Monthly Fee $0
APY (Annual Percentage Yield) 0.01%

First Premier Bank Free Checking Review

First Premier Bank Free Checking is offered by First Premier Bank, a bank founded in 1999 and based in Sioux Falls, SD. First Premier Bank Free Checking is available in 4 states across the USA.

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.01%.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • No ATM fees. First Premier Bank Free Checking does not charge fees on ATM transactions.
  • Bill pay. Pay your bills to practically anyone in the United States through First Premier Bank.
First Premier Bank checking account Pros & Cons
Pros Cons
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Only available in 4 states.
First Premier Bank checking account FAQ

Are checking accounts from First Premier Bank federally insured?

Yes, your First Premier Bank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #6085). 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 First Premier Bank checking account offer?

First Premier Bank Free Checking Rates & Terms
Description
APY (Annual Percentage Yield) 0.01%

First Premier Bank checking account offers an APY of 0.01% (APY stands for annual percentage yield, rates may change). However, to earn interest account holders must keep an average beginning day balance of $500.

What are the account minimums for First Premier Bank checking account?

First Premier Bank checking account requires a minimum initial deposit of $50 to open an account.

First Premier Bank checking account Account Minimums
Description Amount
Minimum Opening Deposit $50
APY Minimum Balance $500

What fees does First Premier Bank checking account charge?

The good news is that this account does not have a monthly Service Charge.

First Premier Bank Free Checking Fees
Description
Monthly Fee $0
Online Bill Pay Fee $0
Overdraft Protection Fee (per transfer) $34

Does First Premier Bank checking account charge overdraft fees?

First Premier Bank checking account offers overdraft protection at a cost of $34 per transaction.

What features and perks does First Premier Bank checking account offer?

This account includes the following features:

  • Fraud monitoring - First Premier Bank checking account monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - First Premier Bank checking account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.
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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.

Availability

  Available in 4 states
  • Iowa
  • Minnesota
  • Nebraska
  • South Dakota

Feature Breakdown

APY Minimum Balance $500
Minimum Opening Deposit Starting at $50
Minimum Balance to Avoid Monthly Fee $0
Monthly Fee $0
Online Bill Pay Fee $0
Overdraft Protection Fee (per transfer) $34
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card
  • Bauer Financial A+/A Rating
  • Branch Access
  • Member FDIC
APY (Annual Percentage Yield) 0.01%

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