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  FirstBank Premier Checking

FirstBank Premier Checking

in Checking Accounts from FirstBank · Member fdic

Unaffiliated

FirstBank Premier Checking

Unaffiliated

in Checking Accounts from FirstBank · Member FDIC

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Highlights
Monthly Fee $0 - $20
ATM Fee: Out-of-Network $2.50
Minimum Balance to Avoid Monthly Fee $2,500
APY (Annual Percentage Yield) 0.01% - 0.02%

FirstBank Premier Checking Review

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

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only .02%.
  • Charges a monthly fee. This account charges a monthly maintenance fee of up to $20, but the fee is waived if you keep a minimum balance of $2,500, have a monthly direct deposit of $1,000, or $20,000 combined balance accross eligible accounts..
  • Large minimum initial deposit. You need a minimum deposit of $2,500 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
  • Free bill pay. Pay your bills to practically anyone in the United States through FirstBank.
  • Hard credit pull. FirstBank may require a hard pull on your credit report to open a checking account.
FirstBank Premier 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.
  • Monthly service charge (if minimums are not met).
  • Charges a higher than average fee on out-of-network ATM transactions.
FirstBank Premier 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 Premier Checking offer?

FirstBank Premier Checking offers an APY starting at .01% and ranging up to .02% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.

FirstBank Premier Checking Rates and Terms
Rates Amount
APY (Annual Percentage Yield) .01% - .02%

What are the account minimums for FirstBank Premier Checking?

FirstBank Premier Checking requires a minimum initial deposit of $2,500 to open an account.

FirstBank Premier Checking Account Minimums
Description Amount
Minimum Opening Deposit $2500
APY Minimum Balance $2,500
Minimum Combined Balance to Avoid Monthly Fee $20,000
Minimum Direct Deposit to Avoid Monthly Fee $1,000
Minimum Balance to Avoid Monthly Fee $2,500

What fees does FirstBank Premier Checking charge?

This account charges a monthly maintenance fee of up to $20.

FirstBank Premier Checking Fees
Description
ATM Fee: In-Network $0
Bank Teller Fee $0
Check Copy $3
Debit Card Replacement Fee $10
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $20
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

What features and perks does FirstBank Premier Checking offer?

This account includes the following features:

  • Fraud monitoring - FirstBank Premier Checking 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 - FirstBank Premier Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
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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 3 states
  • Arizona
  • California
  • Colorado

Feature Breakdown

APY Minimum Balance $2,500
Minimum Combined Balance to Avoid Monthly Fee $20,000
Minimum Direct Deposit to Avoid Monthly Fee $1,000
Minimum Opening Deposit Starting at $2,500
Minimum Balance to Avoid Monthly Fee $2,500
ATM Fee: In-Network $0
Bank Teller Fee $0
Online Bill Pay Fee $0
Check Copy $3
Debit Card Replacement Fee $10
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $20
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
Bank Account Features
  • FDIC Member
  • Check Writing
  • Branch Access
  • Debit Card
  • Free Bill Pay
  • Fraud Monitoring
  • Mobile Banking
  • Interest Bearing Account
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.01% - 0.02%

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