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ACCOUNT
DETAILS
Business Accounts
FREE
Business Checking
This account is perfect for new and small business
owners and associations with low volume activity.
Requirements:
 Minimum
opening deposit of $100.00
Monthly
statement delivered in electronic format only
Benefits:
No
charge for up to 200 items per month
Cost:
No monthly
service charge
Additional
charge for excess activity
Small
Business Checking
This is a
high performance account for a low monthly cost. An excellent choice for small businesses that have
a limited number of monthly transactions
Requirements:
Minimum
opening deposit of $100.00
Benefits:
Write up to
50 checks, make 10 deposits and have up to 100
 deposited items per month with no per item
charge
Cost:
Low monthly
service charge of $10.00
Additional
charge for excess activity
Commercial Checking
For businesses that maintain
a higher balance, have a significant number of transactions and want the flexibility to
control monthly expenses.
Requirements:
Minimum
opening deposit of $100.00
Benefits:
Unlimited
transactions
Competitive
earnings credit applied to reduce or eliminate
analysis charge
Cost:
Monthly
service charge depends on daily collected balance
and amount of account activity
Money Market Savings Account
(see rates)
A savings account for
businesses that plan to keep higher balances in order to earn a higher rate of interest.
Requirements:
Minimum
opening deposit of $1,500
Benefits:
Tiered
interest rates pay higher rates on higher balances
Variable rate
of interest paid monthly
Six transfers or withdrawals each month with no
transaction fee
FDIC insured
Cost:
No monthly
service charge with minimum daily balance of $1,500
or more,
otherwise service charge of $12.00 per month
Additional
charge for excess transfers or withdrawals
Certificate of Deposit
(see rates)
A deposit account that is
held for a specific term and paid a competitive interest rate.
Requirements:
Minimum to
open is $1,000
Benefits:
Terms from 30
days to 5 years
Interest
accrues daily
Interest is
compounded at maturity, at least annually
FDIC insured
Cost:
Penalty for
early withdrawal
Commercial Lines of
Credit
Revolving Line of Credit
A revolving line of credit
for temporary working capital for large or small businesses.
Requirements:
Minimum line
amount $10,000
Subject to
credit approval
Benefits:
Flexible
terms up to 12 months
Revolving
line allows borrowing or paying down based on cashflow
Cost:
Variable rate
of interest
Competitive
closing costs
Asset Based Line of Credit
A line of credit to finance accounts
receivable and inventory. Requirements:
Minimum line
amount $100,000
Subject to
credit approval
Benefits:
Flexible
terms
Draw
availability based on percentage of eligible collateral
Cost:
Variable rate
of interest
Competitive
closing costs
Commercial Loans
Fixed or variable rate loans for a variety of business needs. Requirements:
Subject to
credit approval
Benefits:
Use for
equipment loans, working capital loans, construction
loans and real estate term loans
Flexible
terms based on type of loan and collateral
Cost:
Fixed or
variable interest rate
Competitive
closing costs
Commercial Letters of Credit
Letter of credit guarantees payment for single transactions or ongoing credit needs
Requirements:
Subject to
credit approval
Benefits:
Guarantees
payment to vendor for overseas trade or ongoing
credit needs without transfer of funds
until transaction is
complete
Cost:
Variable fee
based on type of letter requested
Personal Accounts
Checking
Accounts
All First Alliance Bank checking accounts
have unlimited check writing and VISA Check Card* purchases, an ATM or
VISA Check Card* with no annual fee and access a local network of ATM
locations, unless specifically noted in individual product descriptions.
Free Checking
A non-interest bearing checking account with features and
benefits designed to help you make the most of your money.
Requirements:
Minimum
opening deposit of $100
Benefits:
No monthly
service charge
Cost:
Cost
of checks not included
NSF
fees and other standard activity fees still apply, ask a
customer
service representative for full details
Green Alliance Checking
Go green with this free checking with electronic
statements,
internet banking, and bill pay.
Requirements:
Minimum
opening deposit of $100.00
Benefits:
No
monthly service charge
Electronic
statements
Free
internet banking
Free
Bill Pay
Cost:
Cost
of checks, NSF fees, non-network ATM fees and other fees
not
related to the monthly service charge still apply.
Interest Checking (see
rates)
An interest bearing checking
account for customers who plan to keep higher balances.
Requirements:
Minimum
opening deposit of $1,000
Benefits:
Interest
earned on daily collected balance
No monthly
service charge with a daily minimum balance of
$1,000 or an
average daily balance of $2,500
Cost:
Low monthly
service charge of $9.00 if daily minimum balance
falls
below $1,000.00 or
average daily balance during the cycle
falls below
$2,500.00
Alliance Checking
(see rates)
A premium interest-bearing checking account for customers
with higher balances in a single account or multiple deposit accounts.
Requirements:
Maintain
minimum balance of $10,000 in a flexible combination of
checking, savings and certificates of
deposit
Minimum
opening deposit of $100.00
Benefits:
Interest
earned on collected balance
First Alliance Bank custom logo checks at no charge
(2 orders
per year)
No fee for travelers checks or cashiers checks
Five stop
payments per year at no charge
Discount on
safe deposit box
Cost:
No monthly
service charge with a combined daily minimum
deposit balance of $10,000 or more,
otherwise monthly service
charge
of
$10.00
Grand Alliance Checking
(see rates)
This
interest-bearing checking account is available for our more
‘experienced’ customers, those 50 years of age and better.
Requirements:
Minimum
opening deposit of $100.00
Benefits:
Interest
earned on collected balance
FREE
FAB custom logo checks (2 orders per
year)
FREE
notary service
No
fee for Travelers Checks
No
fee for Cashier’s Checks (up to 12 per year)
FREE
stop payments (5 per year, in person)
Discount
on safe deposit box rental (subject to availability)
Premium
on CD rates with direct deposit of CD interest check(s).
No
charge photocopying / faxing (10 pages per month)
Cost:
No
monthly service charge
FABulous Interest Checking
(see rates)
A premium tiered-rate, interest-bearing checking account
which provides customers an opportunity to earn higher interest rates as
their balance grows. That means no more complicated transfers between
checking and savings to maximize interest earnings.
Requirements:
Minimum
opening deposit of $100.00
Benefits:
Interest
earned on daily collected balance
No monthly service
charge with a daily minimum balance of
$1,500 or an average
daily balance of $2,500
Cost:
Low monthly
service charge of
$15.00 if daily minimum balance
falls
below $1,500 or average monthly balance during the cycle
falls
below $2,500
Overdraft Protection is available on
all FAB checking accounts, subject to credit approval.
* VISA Check Card subject to credit approval
Savings
Accounts
First
Alliance Bank helps you save with different accounts that allow you to
choose competitive interest rates for short or long periods of
time.
Regular Savings
(see rates)
This basic savings account
is a great way to start or continue saving. Requirements:
Minimum
opening deposit of $100
Benefits:
Earn
competitive interest rate on ledger balance
Six withdrawals per month with no transaction
fee
No monthly
service charge for customers 18 years
and younger
FDIC insured
Cost:
No monthly
service charge with daily minimum balance of $100
or more,
otherwise service charge is $2.00 per month
Additional
charge of $2.00 per excess withdrawal
"Grow with Me" Savings
(see rates)
Teach the
children you love to start saving early. We make it fun and educational
with this account for our customers 18 and younger. Requirements:
Minimum
opening deposit of $10
Benefits:
Interest
paid on ledger balance
Six
withdrawals per month with no transaction fee
No
charge for automatic allowance transfers
Children
12 & under receive growth chart to track child’s height
and
account balance.
Children
13 – 18 receive coin sorter and receipt wallet to track
savings
balance and goals.
Children
will enjoy personalized birthday cards, gifts, website
recognition,
and other special events and prizes throughout the
year.
Cost:
No
monthly service charge
Additional
charge of $2.00 per excess withdrawals over three
Money Market Savings Account
(see rates)
A savings account for
individuals who plan to keep higher balances in order to earn a higher rate of interest.
Requirements:
Minimum
opening deposit of $1,500
Benefits:
Tiered
interest rates pay higher rates on higher balances
Variable rate
of interest paid monthly.
Six transfers or withdrawals each month with no
transaction fee
FDIC insured
Cost:
No monthly
service charge with daily minimum balance of $1,500
or more,
otherwise service charge is $12.00 per month
Additional
charge of $10.00 per excess transfer or withdrawal
Certificate of Deposit
(see rates)
A deposit account that is
held for a specific term and paid a competitive interest rate.
Requirements:
Minimum to
open is $1,000
Benefits:
Terms from 30
days to 5 years
Interest is
compounded annually or at maturity
FDIC insured
Cost:
Penalty for
early withdrawal
EZ Access CD
(see rates)
Checking account customers of First Alliance Bank are
eligible to invest in this flexible term certificate of deposit.
Requirements:
Minimum to
open is $5,000
Maximum
balance is $99,999.99
1
year term
An existing checking account
or a new checking account with a
minimum
opening deposit of $250 is required
Not
available for public entities, brokered deposits, or other
financial
institutions
Benefits:
Interest
is compounded and credited at maturity
Additional
minimum deposits of $1,000 or more are accepted at
any time
Minimum
withdrawals of $1,000 are allowed once per calendar
month
without penalty
Cost:
Penalty
of 90 days interest if the CD closes or the balance drops
below
$1,000 at any time prior to maturity
Individual Retirement Account
(see rates)
Save for your future while
enjoying tax benefits.
Requirements:
Minimum to
open is $1,000
Benefits:
Choose from
Regular, Roth or Education
May be tax
deductible or tax deferred (consult your tax advisor)
Wide variety
of fixed terms
FDIC insured
Cost:
No annual fee
Penalty for
early withdrawal
Unlike some other retirement
plans, all First Alliance Bank IRAs are FDIC insured for your peace of mind.
Health Savings Account
(HSA)
(see rates)
Reduce health insurance expense with new IRS tax incentive.
Requirements:
Must be opened in conjunction with an HSA qualified healthinsurance
plan. (First Alliance Bank does not offer HSA qualified
insurance
products. Please consult your personal insurance
agent,
employer, or other insurance provider for information about
HSA qualified
health insurance policies.)
Benefits:
Take
advantage of new federal tax incentives
Pay
qualified medical expenses by check or debit card
Receive
a monthly statement to recap your medical purchases
Cost:
Low
monthly service charge of $3.00
New
account setup fee:
1-25 accounts: $25.00 per account
26-50 accounts: $10.00 per account
(New
account setup fee may be paid by the employer for group
health insurance)
Personal Loans
Let
First Alliance Bank help you finance your dreams with a personal loan
that is structured to fit your budget.
Home Equity Line of Credit
A revolving line of credit
available for personal expenses.
Requirements:
Subject to
credit approval
Benefits:
Terms up to
10 years
Flexible
monthly payments including interest only option
Cost:
Variable rate
of interest
Residential Construction Loans
Loans to build primary and
secondary residences.
Requirements:
Subject to
credit approval
Benefits:
Provides
capital needed for land, material and labor
Cost:
Closing costs
and loan fees vary based on type of loan and
amount of loan
Automobile Loans
Loans for new and
used cars.
Requirements:
Subject to
credit approval
Benefits:
Variety of
payment terms available
Cost:
Varies based
on type of loan and amount of loan
Personal Loans
Loans for various personal
expenses.
Requirements:
Subject to
credit approval
Benefits:
Variety of
payment terms available
Cost:
Varies
based on type of loan and amount of loan
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