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  FirstBank 55-Plus Checking

FirstBank 55-Plus Checking

in Checking Accounts from FirstBank · fdic

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FirstBank 55-Plus Checking

Unaffiliated

in Checking Accounts from FirstBank · Member FDIC

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Highlights
Monthly Fee $0
ATM Fee: Out-of-Network $2.50
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0.01%

FirstBank 55-Plus Checking Review

FirstBank 55-Plus Checking is offered by FirstBank, a bank founded in 1963 and based in Lakewood, CO. FirstBank 55-Plus Checking is available in 3 states across the USA.

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only .01%.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • $500 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • Bill pay. Pay your bills to practically anyone in the United States through FirstBank.
FirstBank 55-Plus Checking Pros & Cons
Pros Cons
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • Only available in 3 states.
  • Higher than average wire transfer fees.
  • Charges a higher than average fee on out-of-network ATM transactions.
FirstBank 55-Plus Checking FAQ

Are checking accounts from FirstBank federally insured?

Yes, your FirstBank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). 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 FirstBank 55-Plus Checking offer?

FirstBank 55-Plus Checking Rates & Terms
Description
APY (Annual Percentage Yield) 0.01%

FirstBank 55-Plus Checking offers an APY of .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 FirstBank 55-Plus Checking?

FirstBank 55-Plus Checking requires a minimum initial deposit of $500 to open an account.

FirstBank 55-Plus Checking Minimums
Description
APY Minimum Balance $500
Minimum Opening Deposit Starting at $500

What fees does FirstBank 55-Plus Checking charge?

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

FirstBank 55-Plus Checking Fees
Description
ATM Fee: In-Network $0
Bank Teller Fee $0
Check Cashing Fee $0
Check Copy $1
Debit Card Replacement Fee $10
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0
NSF Fee $34
Online Bill Pay Fee $0
Overdraft Item Fee $34
Overdraft Protection Fee (per transfer) $10
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $12
Stop Payment Fee $30
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $45
ATM Fee: Out-of-Network $2.50

Does FirstBank 55-Plus Checking charge overdraft fees?

Yes, FirstBank 55-Plus Checking charges a $34 fee for every overdraft.

FirstBank 55-Plus Checking offers overdraft protection at a cost of $10 per transaction.

What features and perks does FirstBank 55-Plus Checking offer?

This account includes the following features:

  • Fraud monitoring - FirstBank 55-Plus Checking 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 - FirstBank 55-Plus Checking 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.

What is the customer support email for FirstBank 55-Plus Checking?

The customer support email for FirstBank 55-Plus Checking is banking@efirstbank.com.

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Message From FirstBank 55-Plus Checking

FirstBank 55-Plus Checking, To reward you for being born at least 55 years ago, you receive an interest bearing checking account with no minimum balance and no monthly service charges.

Availability

  Available in 3 states
  • Arizona
  • California
  • Colorado

Feature Breakdown

APY Minimum Balance $500
Minimum Opening Deposit Starting at $500
ATM Fee: In-Network $0
Bank Teller Fee $0
Check Cashing Fee $0
Monthly Fee $0
Online Bill Pay Fee $0
Check Copy $1
Debit Card Replacement Fee $10
Foreign Transaction Fee (Debit Card) 3%
NSF Fee $34
Overdraft Item Fee $34
Overdraft Protection Fee (per transfer) $10
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $12
Stop Payment Fee $30
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $45
ATM Fee: Out-of-Network $2.50
Account Features
  • IRAs
  • Member FDIC
  • Check Writing
  • Branch Access
  • Debit Card
  • Free Bill Pay
  • Fraud Monitoring
  • Mobile Banking
  • Interest Bearing Account
  • No Monthly Maintenance Fee
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.01%

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