Business Banking Services

First Federal partners with you to make your business work better. That creates a different, better banking experience, one that frees you to do what you do best. We’ve developed a range of commercial accounts and services to help you manage your financial needs and build out your business strategy. We’re available in person, on the phone and online. When you have a question or a banking need, just ask.

Business Checking (top)

Free Business Checking

Designed for the business owner who generally has a low volume of transactions, this account allows up to 100 checks and 100 deposit items per statement cycle with no per item fee. A .50 per item fee is applied after 100 checks.

Select Business Checking

With more flexibility and choices, this account allows up to 100 checks and 100 deposit items per statement cycle with no per item fee. A .15 per item fee applies after 100 checks. The $7.50 monthly maintenance fee is waived with a minimum $1,500 daily balance. You decide!

Business Checking Plus

This account is designed for sole proprietors, non-profit organizations or corporations with more than 100 deposit items per month or low volume and high balances. Earnings credits offset charges for corporate clients. Non-profits and sole proprietorships may choose between earnings credits or interest on the account balance.

Business Lines of Credit (top)

Funds are ready when you need them, and you control cash flow as easily as writing a check with First Federal’s Business Line of Credit. Transfer and withdraw funds at your convenience -- online, by phone or in person.

Business Access Line

First Federal’s Business Access Line features unsecured lines of credit and automatic overdraft protection. Access funds through your business checking account.

Business Convenience Line

The Business Convenience Line is secured by real estate and offers a flexible source of cash for cash flow, expansion and other business needs.

Business Loans (top)

First Federal wants to be your partner in growing your business. Talk with us about loans for working capital, construction, vehicles, equipment, technology and other business needs.

Commercial Real Estate Loans

First Federal can help with loans for purchase, refinance and construction of income properties in Clallam and Jefferson counties. We can make your ideal business location a reality. Talk with a First Federal representative today.

Business Savings (top)

When First Federal Business Savings and Business Checking products are used by the same firm, monthly savings account maintenance fees are waived.

Internet Banking/Cash Management (top)

Maximize assets and efficiency with First Federal Cash Management Services. First Federal Internet Banking means your options are at your fingertips 24 hours a day from wherever you have Internet access.

Click here to sign in!

For detailed information or help, refer to the Cash Management User Guide.

Funds Transfers

With First Federal Internet Banking, you can:

Initiate account transactions
Set daily maximum limits
Set per transaction account limits
Originate wire transfers
Schedule recurring and one-time transfers

Payroll, vendor, collections and cash concentration ACH origination payments are supported.

Reporting

You define the parameters of reports that help you make better business decisions. Receive detail and/or summary reports for all your First Federal accounts. Change the report parameters whenever you choose and export your information to most accounting software programs for easy accounting management and tax planning.

Additional Services (top)

First Federal ATM/Visa ® Check Card
Notary Services
Safe Deposit Boxes
Signature Guarantee (Medallion)
Official Checks
Wire Transfers
EFTPS Electronic Federal Tax Payment System site link

Credit and Debit Card Merchant Services

The ability to accept and manage electronic payments is critical to every business. First Federal helps you securely accept all types of electronic payments affordably, including credit and debit cards. Features include:

Credit, Debit and EBT card acceptance
E-Commerce Solutions
CompletePay Electronic check conversion
Affordable processing rates
Easy-to-understand monthly statements
24/7 Customer and Technical support

Remote Deposit Capture

Make your check deposits directly from your own office! With Remote Deposit Capture, you can deposit checks to your First Federal accounts whenever it’s convenient for you. Safe, quick, and easy, let us show you how Remote Deposit Capture can save you valuable time. Please contact a member of our knowledgeable team today.

Click here for an online demo!

Merchant Night Drop Depository

First Federal’s Merchant Night Drop Depository gives you the convenience and security of 24-hour bank deposits. Business or personal deposits will be processed the next business day. Deposit bags are available at any branch.

Image Statements

Detailed account information, including an imaged copy of every check that clears your account is your reference for account activity and other business needs. A complimentary binder with index tabs makes organization and later research easy and convenient. CD-Rom and E-Statements are also available. If needed, check copies can also be faxed to you quickly.

24-Hour Touch Tone Teller

Access account information, transfer funds, order stop-payments, make First Federal loan payments, balance your checkbook and more at your convenience from home, work or anywhere with phone access. Use the Touch Tone Teller to verify a check 24 hours a day. Call 360-457-0461 any time.

Health Savings Account (HSA)

Plan for wellness, health care and medical emergencies with a First Federal Health Savings Account. Our HSA lets you save for health expenses and grow unused funds for retirement. Call today and talk with us about a Health Savings Account. Visit our online HSA Service Center .

Business Visa^® Credit Card

Facilitate, monitor and track business travel and purchases with a First Federal Business Visa^®. Your First Federal Business Visa^® can also give you access to ATM machines throughout the world.

Business education Series

We know what matters most to local businesses. Learn the fundamentals of running a business at First Federal's Business Education Series.

First Federal is still a locally-owned mutual thrift organization. We’re rooted in the Olympic Peninsula and committed to help its businesses and communities grow. We bring our financial skills, experience and service to make your business work better. And when you do business with First Federal, you’re partnering with us to give back to this community, making it a better place to live and work in all kinds of ways. Let First Federal be your business banking partner.