Businesses have been banking with First & Peoples since we opened our doors in 1932. We know what it takes to run a successful business and we can provide the financial services you need to help you manage yours! Give us a call at 606.836.0211 to speak with a Customer Service Representative or click on the Contact tab above and we'll give you a call!
Smart Business Checking:
Our Smart Business Checking Account provides our business customers with traditional checking account services. Customers with a Smart Business Checking Account receive a monthly statement that includes images of all checks and deposit slips for a $4.00 fee or choose to go paperless free of charge.
There is no service fee per statement cycle. 10 items will be processed each cycle at no charge with an additional $.50 per item thereafter*. The customer is responsible for the cost of the checks.
Strong Business Checking:
Our Strong Business Checking Account provides our business customers with traditional checking account services. Customers with a Smart Business Checking Account receive a monthly statement that includes images of all checks and deposit slips for a $4.00 fee or choose to go paperless free of charge.
In an effort to reduce or eliminate fees, this account features an earnings credit of $.05 per $100 calculated on the minimum balance in the account during the statement cycle**. This earnings credit will offset the usual maintenance fee or check processing fees. The monthly service charge is $6.00, which is waived if a Minimum Balance of $5000.00 is maintained every day throughout the statement cycle. 100 items will be process free of charge each cycle with an additional $.10 per item thereafter*. The customer is responsible for the cost of the checks.
Solid Business Checking:
Our Solid Business Checking provides the functionality of a checking account with the added benefit of earning interest. Interest accrues daily on the balance in the account. Customers receive a monthly statement that includes images of all checks and deposit slips for a $4.00 fee or choose to go paperless free of charge.
A service charge fee of $12 will be imposed every statement cycle if the balance falls below $10,000 any day of the cycle. A service charge fee of $.25 will be charged for each item in excess of 50 processed during a statement cycle*. The customer is responsible for the cost of the checks.
Community Checking:
Our Community Checking Account is reserved for churches and other philanthropic and charitable tax exempt organizations whose primary function is to serve the needs of our local community. The tax identification number must be on file with the IRS denoting "Tax Exempt" status.
There are no maintenance fees, transaction, item, or statement fees associated with this account. The account-holders, however, will be responsible for the cost of checks and other miscellaneous fees that may be charged during the normal course of business.
*Items are defined as debit items, credit items, and deposited items. Excludes ACH items.
**Earnings Credit as of July 1,2017 is $.05 per $100 minimum balance during the statement cycle. Earning Credit subject to change.