First Bank of Owasso

Business

Deposits

We are pleased to offer a variety of deposit accounts. Click any of the account types listed below to learn more:

When you're ready to open an account, simply complete our secure, online Account Application form, or stop by one of our convenient locations to visit with a Personal Banker.

Business Checking Totally Free Advanced Interest
Best For A small business, non-profit organization, local association, group or club Any business with large monthly transaction volumes, higher balances and more complex banking needs (large cash deposits, change orders, etc.) Some small businesses, sole proprietorships, public/government entities or non-profit organizations with larger balances
Minimum to Open $0 $0 $1,000
Earns Interest No No Yes
Monthly Maintenance Fees None None None
Online Banking Free Free Free
Online Statements Free Free Free
Business ATM/Check Card Free Free Free
24-hour Automated Client Service Line Included Included Included
Other Key Features No fee for the first $10,000 deposited currency and coin* Monthly Analysis Statements enhance your ability to track business activities, such as payroll, savings, daily operations and risk management

Offset account-related fees with a credit allowance based on average collected balance
Competitive, variable rate of interest based on daily collected balance
Transaction Fees No transaction fees for the first 300 items each month** Unlimited transactions;
No item fees
Unlimited transactions;
No item fees
Other Fees *$1.50 per thousand after first $10,000 deposited

**$.25 per transaction after first 300
$.15 per deposit

$.15 per check

$.08 per transit item

$.35 per currency strap

$.10 per coin roll

Fees offset with a credit allowance (rate may fluctuate with market rate)
$.15 per deposit

$.15 per check

$.10 per transit item deposited

$6 fee if minimum daily balance drops below $1,000


Business Money Market Commercial Premium
Best For Businesses that maintain a $2,500 balance and want to earn interest Businesses that want to earn a premium interest rate
Minimum to Open $2,500 $25,000
Online Banking Free Free
Online Statements Free Free
Business ATM Card Free Free
24-hour Automated Client Service Line Included Included
Key Features An interest earning account that is compounded daily and paid monthly

Higher rate paid on balance of $25,000 or more

Restricted transactions
Tiered money market account
  • Tier 1: Under $25,000
  • Tier 2: $25,000 through $99,999.99
  • Tier 3: $100,000 through $249,999.99
  • Tier 4: $250,000 through $499,999.99
  • Tier 5: $500,000 through $999,999.99
  • Tier 6: $1,000,000 and above
Rate may fluctuate with market rate

Interest compounded daily and paid monthly

Restricted transactions
Fees $.50 per withdrawal

$.25 per deposit

$.10 fee per transit item deposited

$10 monthly fee if average balance drops below $2,500
$.50 per withdrawal

$.25 per each deposit

$.10 per transit item deposited

$10 monthly fee if average balance drops below $25,000


Business Savings Commercial
Best For Businesses that are starting to accumulate savings
Minimum to Open $100
Online Banking Free
Online Statements Free
Business ATM Card Free
24-hour Automated Client Service Line Included
Minimum Balance $100 average balance per quarter
Key Features Interest compounded daily and paid quarterly

First six withdrawals per quarter free
Fees $3 quarterly fee if average balance drops below $100

$1 fee for each withdrawal in excess of six per quarter
 
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