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Manage your cash flow easily with convenient and versatile business accounts at First National Bank. Each account has unique benefits and can be used in conjunction with other programs as your business needs evolve. 

To further assist you in making a comparison of the following accounts, see our Account Comparison Table.   

Fees noted below are effective June 1, 2022. For rates prior to this effective date, speak to a Relationship Banker. 


Basic Checking

Basic Business Checking

  • Features: 250 FREE combined deposits, withdrawals, and deposited items; additional items are $0.25 each
  • Minimum Balance: $100
  • Monthly Maintenance Fee: No monthly fee by maintaining a $100 minimum balance; $10 monthly fee on balances below $100
  • Check images: Yes
  • Interest: Not applicable
  • QuickBooks Connectivity: Available with Cash Management
  • Quicken Connectivity: Available with free Online Banking
Apply For a Commercial Account

Commercial Checking

Commercial Checking

  • Features: Earnings Credit (Your business will receive a monthly earnings credit based your Commercial Checking account's average balance during the monthly cycle. The higher the average balance, the higher the credit. This credit is used to offset some (or potentially all) of the monthly service fees accrued on the account. If the earnings credit exceeds the monthly fees, all fees are waived for the month. Get additional details below on how this credit is determined*.)
  • Minimum Balance: $0
  • Monthly Maintenance Fee: $10.00, balances may be used to offset charges
  • Other Fees: $0.20 each for all deposits and withdrawals; $0.10 each for all deposited items
  • Check images: Yes
  • Interest: Not applicable
  • QuickBooks Connectivity: Available with Cash Management
  • Quicken Connectivity: Available with free Online Banking
Apply For a Commercial Account

Commercial Checking with Interest

Commercial Checking with Interest

  • Features: Collect interest on the monthly balance
  • Minimum Balance: $0
  • Monthly Maintenance Fee: $10.00
  • Other Fees: $0.20 each for all deposits and withdrawals; $0.10 each for deposited items
  • Check Images: Yes
  • Interest: Yes, interest earned on all balances. See current rates
  • QuickBooks Connectivity: Available with Cash Management
  • Quicken Connectivity: Available with free Online Banking
Apply For a Commercial Account

Money Market

Commercial Money Market

  • Features: The first 10 ACH and first 10 paper entries are free. Money market interest rate applied to balances. 
  • Minimum Balance: $0
  • Monthly Maintenance Fee: Not applicable
  • Other Fees: First 20 deposits and withdrawals at no charge; additional deposits and withdrawals are $0.25 each; deposited items $0.10 each
  • Check Images: Yes
  • Interest: Yes. See current rates. 
  • QuickBooks Connectivity: Available with Cash Management
  • Quicken Connectivity: Available with free Online Banking
Apply for a Commercial Account 

Nonprofit organization

Specialty Services Account

  • Features: First National Bank offers a free Specialty Services Account option for qualifying groups and nonprofit organizations, such as:
    • Nonprofits
    • Clubs/Associations
    • Conservatorships
    • Estates
    • Fraternities/Sororities
    • Memorials
    • Rep Payees​
  • Minimum Balance: No minimum balance.
  • Monthly Maintenance Fees: No monthly fees.
  • Other Fees: No per item fee.
  • Check Images: Check images stored for safekeeping. Statements and check images also available through Free Online Banking and Cash Management.
  • Get the Most from your Specialty Services Account with customizable Online Banking and Cash ManagementeDeposit, and fraud monitoring through Positive Pay.
Apply for a Specialty Services Account


 Funds Availability Schedule

Type of Funds Availability
On First National Bank Immediate
Iowa 1 Day
Government Checks 1 Day
Out-of-State 2 Days

Note: First National Bank does not charge a FDIC insurance assessment or premium. 


*Earnings Credit: The earnings credit on the Commercial Checking account is based on the average 91-day Treasury Bill rate for the current month. It is calculated based on the average "collected" balance, less a 10.00% reserve requirement. ["Uncollected" balances will be charged the 91-day Treasury Bill rate, plus 3.00%. This situation applies only when the average account balance is very low.]

Earnings Credit Calculation Example: For the purposes of this example, the assumption is that the T-Bill Rate is 0.80%, the average balance maintained on the Commercial Checking account for the month was $200,000, and there were 31 days in the monthly cycle. 

Multiply the $200,000 (average account balance) x 90% (to exclude the 10.00% reserve). Take that amount and multiple it by .008 (T-Bill rate). That provides you with an annual amount of earnings of $1,440.00. To determine the monthly earned credit, divide the annual amount by 365 days in a year and multiple it times the number of days in that particular month (31 days). Your monthly earned credit would be $122.30. [$200,000 x 90% x .008/365 x 31 = $122.30]


Get the most out of your account with customizable Cash ManagementeDeposit and Positive Pay.


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