Banking Services


CHECKING ACCOUNTS

REGULAR CHECKING ACCOUNT

Minimum deposit to open account $100.00

The service charge, applied to this account each statement cycle is equal to the applicable Service Charge Fee as detailed below. This account has a statement cycle each month.

Service Charge Fee Schedule:

$ 500 or over            $ 0.00
$ 499 to $ 200           $ 8.00
$ 199 and under       $ 10.00

The Service Charge Fee is based on the average monthly balance.
Service Charge Fee is waived if you are a full time student or over 55. No limit on number of checks written per month.

Please refer to the fee schedule for other fees that may apply to this account.

COMMERCIAL CHECKING ACCOUNT

Minimum deposit to open account $100.00

The service charge, applied to this account each statement cycle is equal to the applicable Service Charge Fee as detailed below. This account has a statement cycle each month.

Service Charge Fee Schedule:

$ 500 or over            $ 0.00
$ 499 to $ 200           $ 8.00
$ 199 and under       $ 10.00

The Service Charge Fee is based on the average monthly balance.
Please refer to the fee schedule for other fees that may apply to this account.

NOW ACCOUNT

Minimum deposit to open account $100.00

The service charge, applied to this account each statement cycle is equal to the applicable Service Charge Fee as detailed below. This account has a statement cycle each month.

Service Charge Fee Schedule:

$ 1000 or over            $ 0.00
$ 999 to under           $ 7.00

The Service Charge Fee is based on the average monthly balance.
Please refer to the fee schedule for other fees that may apply to this account.

COMMERCIAL NOW ACCOUNT

This account is available to sole proprietorships, not-for-profit organizations, certain trusts, escrow accounts, pension funds, federal, state, county, and city governments, and other political subdivisions. Corporations, Partnerships, and Limited Liability Companies do not qualify for this account. This account has the same terms and conditions as the NOW account.

MONEY MARKET ACCOUNTS

 

Minimum deposit to open account $1,000.00

Interest bearing account

The service charge, applied to this account each statement cycle is equal to the applicable Service Charge Fee as detailed below. This account has a statement cycle each month.

Service Charge Fee Schedule:
$ 1,000 or over $ 0.00
$ 999 and under $ 10.00

The Service Charge Fee is based on the average monthly balance.

COMMERCIAL MONEY MARKET ACCOUNT

 

Interest bearing account

This account is available to businesses and associations.
This account has the same terms and conditions as the Money Market Account.

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SAVINGS ACCOUNTS

SAVINGS ACCOUNT

 

Interest Bearing Account

Minimum deposit to open account $100.00
(Children 12 and under minimum deposit $ 25.00)

The service charge, applied to this account each statement cycle is equal to the applicable Service Charge Fee as detailed below. This account has a statement cycle each quarter.

Service Charge Fee Schedule:
$ 100 or over $ 0.00
$ 99 and under $ 3.00

The Service Charge Fee is based on the average monthly balance.

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CHRISTMAS CLUB ACCOUNT

 

Minimum deposit to open account $ 2.00

The minimum amount you can deposit is $ 2.00.

Effect of closing an account - Interest will not be compounded. Interest will be credited to your account at the end of the club term.
If any withdrawal is made from this account before October then this account may be closed. You may not make withdrawals of principal from your account before maturity.

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CDs/IRAs

CERTIFICATES OF DEPOSIT AND INDIVIDUAL RETIREMENT ACCOUNTS (IRAs)

 

Additional information such as interest rates and early withdrawal penalties may be obtained by contacting the bank at (417) 678-3333 or writing to First Independent Bank PO Box 329, Aurora, Missouri, 65605.

First Independent Bank offers CDs in various terms at competitive rates.

Minimum deposit to open account:

32-day or longer Term CDs $ 500.00

Our IRAs are investments in First Independent Bank CDs. These IRA CDs are offered in various terms at competitive rates.

Minimum deposit to open account: $ 500.00

For a complete listing of account types offered and applicable fees associated, please request a copy of our Truth in Savings brochure.

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OVERDRAFT PROTECTION

 

Effective April 2, 2012

Overdraft Protection is an overdraft privilege service provided to you by First Independent Bank. This service provides you with a safety net for unexpected situations or for emergencies when the funds in your checking account are not adequate to cover the transaction. This service helps you reduce the cost incurred from having a check returned to a merchant and preventing a negative impact on your credit history.

We want to always encourage you to manage your finances responsibly. Overdraft Protection is not to be viewed as an encouragement to overdraw your account. In order to avoid fees, you should manage your account responsibly by tracking your daily activity and reconcile regularly.

The privilege will be available on your account to cover checks and ACH transactions. An opt-in consent form is provided to you at the time you open the checking account in order to use the privilege on ATM and one-time debit card transactions. Without your consent, any transactions made at the ATM or POS terminal will be denied if you do not have sufficient funds in the account. You may decline this service at any time by visiting our office or calling us at (417) 678-3333.

Any overdraft transaction that is paid by the bank will be assessed an Overdraft charge of $20.00. If the item creating the overdraft is returned, you will be assessed a Return Check charge of $20.00. The amount of the transaction and the assessed fees will reduce the availability of the privilege. No other fees or interest are assessed on your overdrawn balance.

For full details about this service, please contact us to receive a brochure about Overdraft Protection.

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