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.) A qualifying sole proprietorship, public/government entity or non-profit organization 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 $49,999.99
  • Tier 3: $50,000 through $99,999.99
  • Tier 4: $100,000 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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