Whether you’re opening your first business account, growing customers, or managing a multi-channel enterprise, our products are designed to support your business goals.
At First Independence, our team delivers the tools and expertise businesses need to operate, expand, and succeed; from treasury management and lending to flexible deposit solutions.
Flexible deposit solutions designed to support business of every size. To begin, call one of our customer service representatives today at (313)256-8400.
Learn More About Our Business Accounts
-
FI Economy Business Checking
This small business checking account is designed for commercial clients with a low volume of monthly transactions.
- No minimum daily balance required.
- The first 200 transactions per month are free.
- $50 initial deposit required.
- FREE Online Small Business Banking
- E-Statement
- MasterCard® ATM/Debit Card
- 50¢ for each transaction over 200
- $3 Monthly Check Image if requested
- $5 Monthly Paper Statement if requested
- FIB ATM/Debit Card customers can use any nationwide*
-
FI Commercial Checking
An ideal account if your business has large monthly transaction activity. Utilize an earnings credit to help off-set monthly fees.
- $100 initial deposit required.
- Business Online
- E-Statement
- MasterCard® ATM/Debit Card
- $20 Monthly Fee
- Analyzed Monthly
- $1.10 per deposit ticket
- 12¢ per deposited item
- 23¢ per debit
- $3 Monthly Check Image if requested
- $5 Monthly Paper Statement if requested
- FIB ATM/Debit Card customers can use any nationwide
-
FI Business Interest Checking
This tiered interest bearing account is available to sole proprietors and non-profit organizations. Maintain a minimum daily balance of $2,500 and the monthly fee of $22 is waived.
- $500 initial deposit required.
- E-Statement
- FREE Online Small Business Banking
- MasterCard® ATM/Debit Card
- FI Business Interest Checking
- $22 Monthly Fee (waived with a minimum daily balance over $2,500)
- $1.10 per deposit ticket
- 12¢ per deposited item
- 23¢ per debit
- $3 Monthly Check Image if requested
- $5 Monthly Paper Statement if requested
- FIB ATM/Debit Card customers can use any nationwide
-
FI Business Money Market
Your extra operating cash can earn money while remaining accessible, should you need it immediately. Our business money market accounts give you access to your funds while paying competitive interest rates. Maintain a minimum daily balance of $2,500 and the monthly fee of $25 is waived.
- $2,500 initial deposit required.
- FREE Online Small Business Banking
- Tiered interest rate
- E-Statement
- MasterCard® ATM/Debit Card
- FI Business Money Market
- $25 Monthly Fee (waived with a minimum daily balance over $2,500)
- $1.10 per deposit ticket
- 12¢ per deposited item
- 23¢ per debit
- $3 Monthly Check Image if requested
- $5 Monthly Paper Statement if requested
- FIB ATM/Debit Card customers can use any nationwide
-
FI Business Savings
This account allows your business to earn interest on cash reserves while keeping funds easily available. Waive the monthly maintenance fee of $5 by maintaining a $200 minimum daily balance.
- $100 initial deposit required.
- Tiered interest rate
- FREE Online Small Business Banking
- E-Statement or paper statement available
- FI Business Savings
- $5 Monthly Fee (waived with a minimum daily balance over $200)
- 75¢ per debit over 3 per month
- $3 Monthly Check Image if requested
- $5 Monthly Paper Statement if requested
- FIB ATM card customers can use any nationwide
-
First Public Checking
This analyzed checking account is ideal for public entities, including state and federal government agencies, municipalities, school districts and public agencies with monthly check transactions, wires, ACH transactions and deposits. Utilize an earnings credit to help off-set monthly fees.
- $100 initial deposit required.
- Business Online
- E-Statement
- MasterCard® ATM/Debit Card
- First Public Checking
- $20 Monthly Fee
- Analyzed Monthly
- $1.10 per deposit ticket
- 12¢ per deposited item
- 23¢ per debit
- $3 Monthly Check Image if requested
- $5 Monthly Paper Statement if requested
- FIB ATM/Debit Card customers can use any nationwide
-
First Platinium Public Checking
This interest bearing account is designed to meet the needs of public entities, including state and federal government agencies, municipalities, school districts and public agencies. Maintain a liquid reserve and put your checking account to work.
- $500 initial deposit required.
- FREE Online Small Business Banking
- E-Statement
- MasterCard® ATM/Debit Card
- First Platinum Public Checking
- $22 Monthly Fee (waived with a minimum daily balance over $2,500)
- $1.10 per deposit ticket
- 12¢ per deposited item
- 23¢ per debit
- $3 Monthly Check Image if requested
- $5 Monthly Paper Statement if requested
- FIB ATM/Debit Card customers can use any nationwide
-
First Public Savings
This account is available to public entities, including state and federal government agencies, local municipalities, school districts and public agencies. This account is optimal for organizations with excess cash reserves. Waive the monthly maintenance fee of $5 by maintaining a $200 minimum daily balance.
- $100 initial deposit required.
- FREE Online Small Business Banking
- Tiered interest rate
- E-Statement or paper statement available
- ATM Card
- First Public Savings
- $5 Monthly Fee (waived with a minimum daily balance over $200)
- 75¢ per debit over 3 per month
- $3 Monthly Check Image if requested
- $5 Monthly Paper Statement if requested
- FIB ATM card customers can use any nationwide
-
Certificate of Deposit
Our certificates of deposit allow you the flexibility you need to gain the highest interest on your money. Depending on your deposit amount, you can choose from terms of 1 month to 5 years with a competitive interest rate. Initial deposit requirements vary based on account term.
Business Account Requirements
- IRS Employer Identification Number (EIN) issuance confirmation letter
- Business documents filled with the state
- Articles of Incorporation
- Articles of Organization for Limited Liability Company
- Articles of Association
- Articles of Partnership
- Certificate to Conduct Business Under an Assumed Name (if applicable)
- Certificate of Good Standing
- Valid Primary and Secondary ID for all signers
- Primary ID’s:
- State or Provincial (Canadian) Driver’s License
- State ID Card
- Military Card
- US Alien Registration Card
- Mexican Consular Card
- Govt Issued Passport (secondary ID must obtain valid, current address)
- Secondary ID’s:
- Firearm’s License
- SSN Card
- Voter Registration Card
- Work or School Photo ID
- Car Registration
- Health or Car Insurance