In Business to support Business in Central Ohio.

Business Banking

The Products You Need, The Hassles You Don’t

No two businesses are alike, and neither are their business management needs. That’s why FBCO offers a range of services for businesses of every size and type. Each is designed specifically with the business owner in mind, making it easier for you to manage operations and simplify your daily life.

Photo of young woman using a mobile tablet to review checking account information.

Business Checking

Low minimum to open your account
No hidden fees
Unlimited bill payment
Free ATM/Debit Card access¹
Options to suit your business size and needs

Clients of FBCO can choose from five great checking options – all with the features you need to successfully manage your finances. Whether you’re a sole proprietor, corporation or simply looking for a basic business checking package, our team will get you set up in minutes.

FBCO Business Checking Accounts

	Basic Business Checking	Business Checking	Business Analysis Checking	Business Interest Checking	Non-Profit Checking
Description	A basic business checking account	Supports growing business with higher transaction needs.	Higher transaction needs and Treasury Management services.	Earns interest.	A basic checking account designed for non-profit organizations.
Initial Opening Deposit Requirement	$50	$50	$50	$50	$50
Transaction Fees	First 150 transactions are free; $.30 for each additional transaction.	First 300 transactions are free; $.30 for each additional transaction.	Per item fees billed through monthly analysis.	First 150 transactions are free; $.30 for each additional transaction.	First 150 transactions are free; $.30 for each additional transaction.
Monthly Service Charge	None.	$10 if balance not met.	$15; fee is billed through monthly analysis.	$10 if balance not met.	None.
Balance Requirement to Avoid Monthly Service Charge	Not applicable.	Maintain an average daily balance greater than $10,000.	Not applicable.	Maintain an average daily balance greater than $25,000.	Not applicable.
Earns Interest?	No	No	Earnings credit is earned on average collected balance to offset monthly service.	Yes	Yes
Interest Compound Method	Not applicable.	Not applicable.	Not applicable.	Monthly	Monthly
Online and Mobile Banking	Free
Online Bill Pay	Free
ATM/Debit Card Access	Yes
ATM/Debit Card Fees	No fees are charged by FBCO; rebate of other banks’ ATM fees on the first six (6) transactions each statement cycle (using transaction posting date).

Business Savings

No or low minimum balances
No monthly fees²
Free online banking
Tiered interest rates
Free ATM/Debit Card access¹

Photo of customer reviewing his savings on a mobile tablet.

FBCO gives you a range of savings options that will help you manage both your short-term and long-term financial needs. With highly competitive rates and no monthly fees², these accounts offer a safe investment option, and can be used as overdraft protection on your FBCO checking account.

FBCO Business Savings Accounts

	Business Savings	Business Money Market	Business Premium Money Market
Description	Competitive interest rates on low account balances.	Competitive money market interest rates with a low minimum balance requirement.	Rewards higher balances with higher interest rates of return.
Initial Opening Deposit Requirement	$50	$50	$50
Transaction Fees	None.
Minimum Balance Fee	None.	$10 if balance not met.	$10 if balance not met.
Balance Requirement to Avoid Minimum Balance Fee	Not applicable.	Maintain an average daily balance greater than $1,000.	Maintain an average daily balance greater than $10,000.
Earns Interest?	Yes, based on tiered rates.
Interest Compound Method	Monthly
Online and Mobile Banking	Free
Online Bill Pay	Free
Number of Monthly Transactions	Unlimited Deposit; six (6) pre-authorized, automatic, telephone, electronic (including ACH), online and other transfers and withdrawals not made in person at a branch or by an ATM per month, regardless of the method of transfer or withdrawal.
Excessive Transaction Charges	$2.00 per transaction over six (6).
Checkwriting Capabilities	No	Yes	Yes
ATM/Debit Card Access	Yes
ATM/Debit Card Fees	No Fees are charged by FBCO; rebate of other bank’s ATM fees on the first six (6) transactions each statement cycle (using transaction posting date).

Photo of customer purchasing online with a smart phone.

Business Card Services

Purchase Flexibility with Built-in Security

Low interest rates
Multiple layers of security
Loadable into mobile wallets
Eligible for VISA SavingsEdge – exclusive savings offers
Platinum or ScoreCard® Rewards options

Apply Online

A VISA credit card from FBCO features both a low introductory rate and low ongoing APR on purchases and balance transfers to give you the control and buying power you need. It can be used at millions of locations worldwide in stores or online.

FBCO Business VISA Accounts

	Platinum Card	ScoreCard Rewards Card
Annual Percentage Rate (APR) for Purchases	Prime plus 6% after introductory rate.^a
APR for Balance Transfers and Cash Advances	Prime plus 6% after introductory rate.^a
Introductory APR	Equal to Prime for the first six months.^a
Grace Period	Credit Card Purchases: 25 days from the end of the billing period. Cash Advances: None.
Annual Fee	$15, if less than $5,000 in purchases are made within the 12 month period.	$25
Transaction Fees	Cash Advances: 2% of amount obtained with a $2 minimum and $20 maximum. Foreign Transactions: 1% of transaction amount.
Penalty Fees	Late Payment Fee: $5 or 5% of balance, whichever is greater. Over-Limit Fee: $15
Pay-by-Phone Fee	$10 for agent assisted payments.
Rewards	None.	Cardholder earns one point for every net dollar spent. Redeemable for merchandise and travel (no blackout dates). See www.scorecardrewards.com for more details.

How We Will Calculate Your Balance: We use a method called “average daily balance (including new purchases).” See your account agreement for more details.

^aPrime Rate: The introductory APR is based upon the highest Prime Rate in the Wall Street Journal, Midwest Edition, published and in effect on the 1st calendar day following each quarter end. Any change in the APR will correspondingly take effect on the 15th calendar day following the quarter end. Following the introductory period the APR each quarter is determined by adding 6% percentage points to the highest Prime Rate published by the Wall Street Journal, Midwest Edition, on the 1st calendar day following each quarter end, effective on the 15th day. Information is accurate as of May 1, 2020. To find out if any changes have occurred, call us at (800) 752-8140 or(952) 885-9455.

Remote Deposit Capture

Unlimited deposits online
Extended daily deposit deadlines
Online check image archive
No deposit slips
No software to buy

Close up photo of man taking a picture of a check on his smart phone to deposit into his checking account.

Fast, Convenient, and More Secure

Remote Deposit Capture is an online check image capture, storage and processing service from FBCO that allows you to deposit paper checks any time day or night from the convenience of your offices, eliminating the need to fill out deposit slips and make trips to the branch.

Photo of customer using smart phone at POS terminal.

Mobile Wallet

Pay securely using your mobile device
Shop in-store, in-app or online
Replaces your physical credit or debit cards
Works with Apple Pay®, Samsung Pay® or Google Pay®
Faster and more convenient to pay

With a mobile or digital wallet, your actual card number is replaced with a unique virtual code each time you use it, which means businesses never see or store your personal information. Just hold your smartphone, tablet or smartwatch near the payment terminal and confirm – it’s that simple.

Zelle® Small Business

As quick and easy as cash
Pay contacts in less than a minute
Free when using the FBCO mobile app
Quick, convenient and secure
Learn More

Zelle^® is a convenient way for your small business to send and receive money. Use Zelle^® to accept payments from your customers or pay an eligible vendor, supplier or employee.³

¹No fees are charged by First Bank of Central Ohio; rebate of other banks’ ATM fees on the first six (6) transactions each statement cycle (using transaction posting date).
²As long as minimum balance requirements are maintained.
³To send or receive money with a small business, both parties must be enrolled with Zelle® directly through their financial institution’s online or mobile banking experience. Transactions between enrolled users typically occur in minutes.

Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.