You know your business better than anyone.
Business Checking
Use our convenient Commercial Checking Account to help you manage your business.
We invite you to visit with one of our dedicated New Accounts Representatives and find out for yourself why First Federal Savings Bank of Champaign-Urbana is the place to help you get what you want out of life.
For $10 a month, you can open a convenient First Federal commercial account. Check and debit fees are only 14 cents and deposits are just 10 cents. And you can offset those costs by earning credits based on the current Interest Checking Account rate. A $200 minimum is required to open a Commercial Checking Account.
Commercial Interest Checking
If you're a non-corporate business with a sole owner, or a not-for-profit organization for charitable, religious, educational or similar purposes, you can qualify for a Commercial Interest Checking Account. The service charge structure is the same as our regular Commercial Checking Account. But instead of earning credits toward bank costs, you'll earn the current Interest Checking Account rate.
The UIGEA, signed into law in 2006, prohibits any person engaged in the business of betting or wagering (as defined in the Act) from knowingly accepting payments in connection with the participation of another person in unlawful internet gambling. The Dept of Treasury and the Federal Reserve Board have issued a joint final rule, Regulation GG, to implement this Act.
As defined in Regulation GG, unlawful Internet gambling means to “place, receive or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received or otherwise made”.
As a customer of First Federal Savings Bank, these restricted transactions are prohibited from being processed through your account or banking relationship with us. If you do engage in an Internet gambling business and open a new account with us, we will ask that you provide evidence of your legal capacity to do so.
If you have any further questions, please contact us at: 217-356-2265
First Federal is proud to serve Champaign County since 1908!
We have been a part of Champaign County since 1908 and believe in helping make our community a better place to work, live and play.