Business Checking Details

Find the Right Account for You

First National offers a number of business checking accounts to meet the needs of every Alaska business. Need help picking the right account ? Connect with a business relationship manager. For additional assistance, reference the Business Banking Account Required Documents Guide.

Business First Checking

This is an affordable account which allows you to earn credit toward your monthly service and transaction fees based on your minimum monthly balance. Account details:

  • No minimum deposit to open
  • Meet the minimum daily balance of $10,000 to avoid monthly service and transaction fees
  • Monthly service fee of $5
  • Balance credit = 15¢ per $100 of the minimum daily balance
  • Transaction fee of 15¢ each

The transaction fee for deposited items on this account is reduced to 5¢ which is assessed for each check drawn on First National Bank Alaska or other financial institutions deposited into the account, regardless if it is returned unpaid.

Business Flat Fee Checking

With this account, you can manage your business and not your account fees. It is a convenient flat-fee account designed to take the guesswork out of figuring your monthly service charges. Account details:

  • No minimum deposit to open
  • Meet the minimum daily balance of $5,000 to avoid monthly service fee
  • Monthly service fee of $7
  • First 400 transactions included in monthly service fee
  • Additional transactions are 30¢ each

Business Interest Checking

This account will earn competitive interest rates and is available to sole proprietorships, certain non-profit organizations, and governmental units. Account details:

  • No minimum deposit to open
  • Meet the minimum daily balance of $5,000 to avoid monthly service fee
  • Monthly service fee of $9
  • First 200 transactions included in monthly service fee
  • Additional transactions are 20¢ each
  • Collected funds earn interest at a competitive rate (daily balance computation method); for current annual percentage yield (APY) and balance tiers, click here.

IOLTA (Interest on Lawyers Trust Account)

This account is specifically designed to hold attorney trust funds with the interest paid to the Alaska Bar Foundation to benefit individuals unable to afford an attorney. Account details:

  • No minimum deposit to open
  • No minimum daily balance
  • No monthly service fee
  • Unlimited check writing
  • Collected funds earn interest at a competitive rate (daily balance computation method); for current annual percentage yield (APY) and balance tiers, click here

Interest is automatically transferred to the Alaska Bar Foundation, helping you or your legal firm give more back to the community. .

For All Accounts

Any balance credit is not to exceed the total monthly service and transaction fees. Transaction (debit and credit) activities include checks, ATM and point-of-sale debit transactions, ACH debits or credits, each deposit ticket and each deposited item, including paper and electronic. First National Bank Alaska reserves the right to analyze the activity of all business accounts and charge accordingly.

Statement Options

  • e-Statement - No charge
  • Mailed Statement w/o Images - $1.00
  • Mailed Standard Check Image Statement - $4.00
    • Includes images of check fronts only with 20 checks per page (10 each side) or 36 checks per page (18 each side).
  • Mailed Enhanced Check Image Statement - $6.00
    • Includes images of check fronts and backs, or fewer images per page than the Mailed Standard Check Image Statement.

 

Business Account Fees effective March 1, 2019