Consumer Banking Services

First Independence Bank provides a wide range of accounts and services available for our customers' needs:

• Thrift Checking Account
• Personal Checking Account
• Personal Money Market Checking (NOW)
• Personal Statement Savings
• Personal Money Market Savings
• First Club
• Certificates of Deposit
• Internet Banking - Free http://www.firstindependence.com
• Telephone Banking (888) 783-3057
• Safe Deposit Boxes
• Individual Retirement Accounts (IRAs)
• Wire Transfers
• ATM/Debit Cards
• Notary Services
• Monthly Depart. of Transportation Bus Passes @ Main Office
• American Express Travelers Cheques
• Cashier Checks
• Money Orders
• Credit Card Cash Advances
• Chrysler Payments

Thrift Checking Account:

The Thrift Account is for customers who write a limited number of checks each month. A minimum deposit of $100.00 is required to open the account. A $3.00 monthly Maintenance Fee is charged, plus an Activity Fee of $0.75 for each withdrawal in excess of six during a cycle. A customer may write up to six checks (or withdrawals) per statement cycle with no activity fee.

If there is a direct deposit of payroll or other income, the monthly Maintenance Fee and Activity Fee may be waived.

Benefits:

• ATM Access
• Check Imaging
• Online Banking is available at no charge
• Telephone Banking

Personal Checking Account:

A non-interest-bearing checking account. A minimum deposit of $100.00 is required to open the account. A $5.00 monthly Maintenance Fee is charged, plus an Activity Fee of $0.40 for each debit transaction. You may avoid these fees if, during the month, you maintain any one of the following:

• An average daily balance of at least $700.00 in your Personal Checking Account.
• A minimum daily balance of $1,000.00 in your Savings Account; or
• A daily balance of at least $2,500.00 in a Certificate of Deposit.

Benefits:

• ATM Access
• Check Imaging
• Online Banking is available at no charge
• Telephone Banking

Personal Money Market Checking (NOW)

Enjoy the freedom of writing checks while earning competitive interest rates with a Money Market Checking Account. A minimum deposit of $2,500.00 is required to open the account. A $8.00 monthly Maintenance Fee, plus an Activity Fee of $0.40 for each debit transaction is charged. You may avoid these fees if, during the month, you maintain the following: $2,500.00 in your Personal Money Market Checking Account.

Benefits:

• ATM Access
• Check Imaging
• Online Banking is available at no charge
• Telephone Banking

Personal Statement Savings

Make sure all the plans you have for tomorrow take shape. Start a savings program with our Statement Savings Account, and you’re on your way to meeting your goals. You can set up automatic transfers from your First Independence Checking Account. A First Independence Statement Savings Account with a tiered rate of interest could be ideal for you. You must maintain a minimum balance of $200.00 in the account each day to obtain the disclosed annual percentage yield.

A minimum deposit of $100.00 is required to open the account. A $3.00 monthly Maintenance Fee may be charged if, the minimum daily balance is below $300.00. An Activity Fee of $0.75 is charged for each debit/withdrawal in excess of three during a cycle. If there is a direct deposit of payroll or other income, the monthly Maintenance Fee and Activity Fee may be waived.

You may make six (6) transfers from your account each statement cycle period, if by preauthorized or automatic transfer, or telephone.

Benefits:

• ATM Access
• Online Banking is available at no charge
• Telephone Banking

Personal Money Market Savings

A First Independence Money Market Savings Account with a tiered rate of interest could be ideal for you. A customer may make six transfers per statement cycle from the account. A maximum of three of the transfers can be made by check, draft, debit card or POS transactions. You may transfer money from your Personal Money Market account to another First Independence Bank account.

A minimum deposit of $2,500.00 is required to open the account. A $7.50 monthly Maintenance Fee, plus an Activity Fee of $0.40 per withdrawal or debit item is charged. You may avoid these fees, if during the month, you maintain an average daily balance of at least $2,500.00 in your Personal Money Market Account:

Benefits:

• ATM Access
• Online Banking is available at no charge
• Telephone Banking

First Club

This Account is an interest bearing account. Interest will be credited at maturity. You may choose from the following maturity dates of 6 to 12 months. If the account is closed before interest is credited, you will not receive the accrued interest. A minimum opening balance of $25.00 is required.

Benefits:

• Online Banking is available at no charge
• Telephone Banking
• Direct Deposit

Certificates of Deposit

Certificates of Deposit (CDs) are an excellent tool for managing your money when you are able to set aside funds for a period of time. With a CD, you maximize your interest rate and enjoy the security of FDIC Insurance. First Independence Bank offers CDs for many terms.

Contact a First Independence Bank employee for interest rates.

Internet Banking

First Independence Bank's Internet Banking easy-to-use system gives you greater control of your finances, plus the convenience of accessing your account information 24 hours a day, 7 days a week. It's fast, free and completely secure.

• No enrollment needed: There are no forms to fill out and no waiting period. First-time users can log in today
• Monitor your accounts: every time you write a check, make a withdrawal or deposit or use your First Independence ATM/Debit Card, you'll have a record of exactly where your money is going. Because your account information is always at your fingertips, you can make sound financial decisions at a moment's notice.
• View account statements online: for all checking and savings accounts, enjoy the convenience of free online account statements.
• View all your First Independence Bank accounts in one place using our completely secure system.
• Automatically transfer funds easily from one First Independence account to another.
• View, print and save images of checks, deposit slips and withdrawal slips.

Telephone banking is a service provided by First Independence Bank, which allows our customers to perform transactions over the telephone. Your telephone gives you access to your bank accounts 24 hours a day, seven days a week. You can do your banking from your home, office, car, even the beach. Once you have registered for telephone banking, you can transfer money between your linked accounts, hear detailed account information and request copies of your statements.

Safe Deposit Boxes

First Independence Box Safe Deposit Boxes are containers in a secure vault that is rented to an individual or organization for the safekeeping of valuables. Safe Deposit Boxes are available at the Main Office, Greektown and 7 Mile Branches. You must have a deposit account with FIB to rent a Safe Deposit Box.

ATM/Debit Cards

The ease of a checking account combined with the versatility of a credit card. The ATM/Debit Card is the next best step for your checking account needs. It's called a debit card, cash card, or check card, but whatever you call it, you'll get more safety and convenience by using it, instead of a check. Use it at the grocery store, gas station, department store or even when you place a catalog order over the telephone. It looks like a credit card, but acts like your checking account. It's accepted by most merchants nationwide, and is an ATM card too! Your ATM/Debit Card will get your cash from any cash machine you happen to use - right out of your checking or savings account.

Notary Services

Notary Services are free for FIB customers. Notary Services are $10.00 per document for non FIB customers.

American Express Travelers Cheques

First Independence Bank offers American Express Travelers Cheques.

Wire Transfers

First Independence Bank deposit customers can wire money any where in the USA. You must be a customer to wire funds.

Individual Retirement Accounts (IRAs)

Visit one of our branches to open your IRA. Save For the Future.

First Independence Bank provides a wide range of accounts and services available for our customers' needs:

• Commercial Checking
• Small Business Checking
• Business Money Market Checking (NOW)
• Business Statement Savings
• Business Money Market Savings
• Certificates of Deposit
• Cash Management / Treasury Management
• Remote Deposit / Coming Soon
• Pay Card - Payroll Cards
• ATM Machines
• Wire Transfers
• Cashier Checks
• Employee Benefit Banking