Online Banking

First Rate Checking

This account takes FREE checking even further. It earns high dividends and pays back your ATM fees when you meet a few simple requirements. Things you probably already do, like using your debit card.

Conveniences like free online banking, bill pay, and eStatements come standard. Extra privileges include unlimited check writing, discounts on consumer loans and mortgage closing costs. Definitely a First Rate account!

A guide on how to manage your checking account can be found here.

A worksheet to help you manage your spending to achieve your financial goals can be found at:

ABA Routing # 281081877

First Rate Checking
  • 3.01% APY* paid on balances up to $25,000 beginning July 1, 2018
  • 0.15% dividend rate* on amount of balance over $25,000, resulting in a 3.01% - 0.72% APY** (depending on balance)
  • 0.15% APY* on all balances if qualifications aren't met
  • Nationwide ATM fee refunds (up to $25 per month)*
  • No monthly service fee
  • No minimum balance to earn rewards
  • Free online banking with bill pay
  • Free eStatements
  • Free mobile banking with mobile deposit
  • FREE Visa® debit card
  • Free CardNav
  • Free Apple Pay
  • 0.25% discount on consumer loans***
  • $350 discount on mortgage closing costs****


To qualify for the "First Rate Checking" reward rate, you must perform the following each calendar month (statement cycle):

  • Have a minimum of 25 debit card purchases post to your account.*****
  • Have at least one direct deposit or one ACH debit/credit post to your account.
  • Receive your monthly statement electronically

It's that easy! But if you don't meet the qualifications on any calendar month, don't worry. You still have a free checking account that earns our base dividend rate, and you can get back to earning rewards the very next calendar month you qualify.

*APY=Annual Percentage Yield. APYs accurate as of 07/01/2018. Rates may change after account is opened. If qualifications are met each calendar month (statement cycle): (1) Domestic ATM fees incurred using Rewards Checking check card during calendar month (statement cycle) will be reimbursed up to $25.00 and credited to account on the last day of monthly statement cycle; (2) balances up to $25,000 receive APY of 3.01%; and (3) balances over $25,000 earn 0.15% dividend rate on the portion of the balance over $25,000, resulting in 3.01% - 0.72% APY depending on the balance. If qualifications are not met, all balances earn 0.15% APY. *****Please note that the purchases MUST actually post to your account during the monthly qualification cycle. We post purchases to your account when we receive them from the merchant and that may occur one or more days after the purchase date. Purchases that have been initiated but not posted as of the end of the cycle will not count as a qualifying transaction for that cycle (but will count in the following cycle when they post). The first qualification cycle will begin on the date you open or convert to a First Rate Checking account and end on the last day of the calendar month. The qualification cycle will be each calendar month thereafter. If you close your account before the end of the calendar month (statement cycle), you will forfeit any ATM fee refunds. Statement and Dividend cycles are monthly. Fees may reduce earnings.

**APY range calculated with a $125,000 balance.

***Offer valid for checking account holders with direct deposit only. Rates, terms and conditions subject to change. Loan subject to credit approval. Not valid with any other offer. Offer does not include refinances on First Community loans or first mortgage loans. Offer of .25% APR discount valid on one consumer loan per calendar year.

****Mortgages available to Missouri & Illinois residents only. Offer valid for checking account holders with direct deposit only. Rates, terms and conditions subject to change. Loan subject to credit approval. Not valid with any other offer. Offer does not include refinances on First Community loans. One $350.00 discount per mortgage loan per calendar year.

Overdraft Privilege Info

You are responsible for assuring your available balance of funds meets all your payment and withdrawal needs. Check your account balances periodically by calling us, visiting an ATM, sign up for text alerts, view your accounts online or with mobile banking.

We have standard overdraft practices called Overdraft Privilege* that you may elect to add to your checking account. First Community's Overdraft Privilege service adds a measure of protection to your checking account, so you may avoid the hassle and expense of a returned non-sufficient funds item or a declined transaction due to insufficient funds. The service may pay checks and other transactions made using your checking account number, including ACH items that would not have cleared otherwise due to insufficient funds, up to an approved amount. Additionally, you may elect to extend the service to your ATM and everyday debit card transactions. You will be charged a paid insufficient funds service charge for accessing Overdraft Privilege. If your account(s) are in good standing, you may become eligible for this service after your checking account has been open for at least 60 days.

We have an overdraft protection service that draws funds from a share/savings account and we also offer an overdraft protection line-of-credit,** which may be less expensive than our standard overdraft practices that you may choose.

What you need to know about overdrafts and overdraft fees.

*Overdraft Privilege (ODP) service charge is $27.50 per item paid. This is the same service charge as our insufficient funds fee. If three items are presented for payment in amounts of: $40.00, $150.00, and $150.00 and your account has available funds in an overdraft protection line-of-credit loan, you would pay $3.74 in interest if paid off in thirty days. In comparison, if you opt-in to ODP and ODP is used to pay the same three items, the account would be assessed a service charge of $27.50 per item for a total cost to you of $82.50 in service charges. The full amount of the overdraft balance plus related service charges will be due immediately but in no event later than 30 days from the date of occurrence. We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. We generally will not pay an overdraft because you have exceeded the overdraft limit or have an outstanding balance that has not been repaid. Please refer to your account disclosure for information on this discretionary overdraft service.

**Overdraft protection line-of-credit loan is 12.95% APR as of 2/15/2018.