Checking

Relationship Banking – Something for Everyone

Contact us with any questions you may have

Account FeaturesFreestyleLifestyleFirst FriendsHSA
Available toALLALL55 & BetterALL
Minimum Opening Deposit$100$100$100$25
Minimum Balance to Avoid Monthly FeeNONE$10,000 (1)$1,500 (2)$1,000 (3)
Below Minimum FeeNONE$15$10$4
Interest BearingNOYESYESYES
Unlimited Check WritingYESYESYESYES
VISA Debit/ATM CardYESYESYESYES
Phone BankingYESYESYESYES
Internet BankingYESYESYESYES
No Fee Internet BillPayYES
Ready Cash (4)YESYESYES
1/4% CD Rate BonusYESYES
No Fee Money OrdersYESYES
Ready Cash (4)YESYESYES
Free/discounted ChecksYESYES
Safe Deposit DiscountYESYES
  1. Combined average collected daily balances in personal checking, savings, CD’s, loans, lines of credit, and investments of $10,000 (for loans, this means the balanced owed. For lines of credits, it means the amount advanced from the line).  If the combined average collected daily balances drop below the minimum in any monthly statement cycle, you will pay a $15.00 fee.
  2. Combined average collected daily balances in personal checking, savings, and CD’s of $1,500. If the combined average collected daily balances drop below the minimum in any monthly statement cycle, you will pay a $10.00 fee.
  3. The account minimum balance requirement is $1,000. If the account balance drops below the minimum in any monthly statement cycle, you will pay a $4.00 fee.
  4. Application subject to Approval.

For more information, check out our current checking deposit rates, the First National Bank of Elk River Deposit Account Terms and Conditions or the Funds Availability Disclosure.

FreeStyle Checking

How do you beat this? No minimum balance requirement and no monthly fee! MasterCard Debit/ATM Card available upon request.

LifeStyle Checking

A special account that rewards First National customers for maintaining multiple accounts with our organization. Your personal checking and savings accounts, loans, lines of credit, certificates of deposit, and other investments can work together to offer additional benefits.  Fall below the combined minimum balance of $10,000 and a $15 fee will be assessed at statement time.

First Friends

A special club for those aged 55 years and over, featuring an interest bearing checking account, free or discounted personalized checks, monthly activities, travel opportunities, newsletter, and much more.  Combined minimum balance of checking, savings, and CD accounts of $1,500.  Fall below the combined minimum balance and a $10 membership fee will be assessed at statement time.

HSA Checking

A Health Savings Account (HSA) is a tax-exempt custodial account established exclusively for the purpose of paying or reimbursing qualified medical expenses of you, your spouse, and your dependents. Competitive interest rates that increase as your balance increases.