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  Community First Bank Simply Savings
Community First Bank Simply Savings Unaffiliated

Community First Bank Simply Savings

Unaffiliated
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Highlights
Monthly Fee $3
APY (Annual Percentage Yield) N/A
Minimum Balance to Earn APY N/A

Community First Bank Simply Savings Review

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

Key Takeaways

  • Charges a monthly fee. This account charges a monthly service fee of $3, but the fee is waived if you keep a minimum balance of $100.
  • No ATM fees. Community First Bank Simply Savings does not charge fees on ATM transactions.
  • Bill pay. Pay your bills to practically anyone in the United States through Community First Bank of South Carolina.

Community First savings account 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.
  • Monthly service charge.

Community First savings account FAQ

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

Yes, this account is 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.

Does Community First Bank of South Carolina offer a signup bonus?

Community First savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Community First savings account?

The minimum deposit to open a Community First savings account is $50.
Community First Bank Simply Savings Minimums
Description
Minimum Balance to Avoid Monthly Fee Starting at $100
Minimum Opening Deposit Starting at $50

What APY does Community First Bank of South Carolina offer?

Community First savings account is not an interest-bearing account.

What fees does Community First savings account charge?

This account charges a monthly service fee of $3. However, you can waive the monthly fees if you have a minimum daily balance of $100.

  • Outgoing domestic bank transfers come with a $20 fee.
  • Incoming domestic bank transfers come with a $15 fee.
  • Outgoing international bank transfers come with a $60 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • Incoming international bank transfers come with a $60 fee.
  • Community First savings account charges a $20 fee for an early account closure. Contact Community First savings account for more details on what is considered an early closure.
  • Community First savings account charges $5 every time you request a paper statement.

What features and perks does Community First savings account offer?

This savings account includes the following features:

  • Check images with monthly statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks for each statement period.
  • Fraud monitoring - Community First savings account 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 Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Community First savings 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.

Can you set up a direct deposit to Community First savings account?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Community First savings account?

The customer support email for Community First savings account is callcenter@c1stbank.com.

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Availability

  Available in 2 states
  • North Carolina
  • South Carolina

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $100
Minimum Opening Deposit Starting at $50
Early Account Closure $20
Monthly Fee $3
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $10
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
  • Proof of Residence
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • Nationwide ATM Network
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Automatic Transfers
  • Branch Access
  • Member FDIC
  • Check Writing
Signup Deposit Requirement $50

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