Does your business have the resources you need? We’re just checking. First State Bank of the Florida Keys offers checking accounts for all types and sizes of businesses – including EZ Business Checking, Small Business Checking, Commercial Checking, and Business NOW Checking. Whether you’re a big corporation or a small LLC, we have a checking option designed just for you.


We make checking simple. With no minimum balance and free processing of 150 items per month, it doesn't get any easier than First State Bank’s EZ Business Checking!


Big-time service for smaller companies. If your business does a limited number of transactions, but wants a bank that takes you seriously, our Small Business Checking account is just your size.


High volume, high value. If you’re a larger business with high transaction volume, Commercial Checking is the account for you.  Use the balance in your account to help offset your account fees, and get free E-Statements or paper statements with check images.  


Do you qualify for Business NOW? Under Federal Law and Regulation, certain businesses and organizations are eligible to open NOW Accounts. You may qualify if you’re operating a sole proprietorship (not incorporated and not a partnership), or a non-profit organization operated for religious, philanthropic, charitable, educational, fraternal or similar purposes.

Account Benefits First State Bank
EZ Business Checking
First State Bank
Small Business Checking
First State Bank
Commercial Business Checking
First State Bank
NOW Business Checking
IInterest Bearing Account       Interest paid on collected balance less the 10% Federal Reserve requirement
Free Online Banking 
one user

one user & one view user

one user & one view user

one user & one view user
Free E-Statements
with images
Free Paper Statements
with images
Free Paper Statements without images
images available for a fee
Free Mobile Banking
Free Text Banking
Free 24-Hour TellerPhone
Free Business Debit Card
Account Details        
Minimum Opening Deposit  $250 $250 $250 $250
Minimum Balance to Avoid Monthly Maintenance Fee No minimum balance required $5,000
average collected balance
An earnings credit is used to offset eligible fees in this account. It is calculated by applying a rate, set by the Bank and subject to change, to the positive average collected balance less an allowance for the 10% Federal Reserve requirement. $2,500
average collected balance
Service Charge  $0 $15
(if balance is not maintained)
$15 $15
(if balance is not maintained)
Items Processed Free per month 150 300   150
Per item charges $0.35 per item over 150 $0.35 per item over 300 $0.30 per deposit credited
$0.15 per item paid
$.10 per item deposited
$0.35 per item over 150
Management fee     Variable rate on average ledger balance. Set by Bank and subject to change.  
Negative average collected balance charge 2 percentage points above the Bank's prime rate times the negative average collected balance in the account. 2 percentage points above the Bank's prime rate times the negative average collected balance in the account. 2 percentage points above the Bank's prime rate times the negative average collected balance in the account.  

The Unlawful Internet Gambling Act (UIGEA) of 2006 prohibits a bank from processing restricted transactions through your business account. The UIGEA, signed into law in 2006, prohibits any person engaged in the business of betting or wagering (as defined in the Act) from knowingly accepting payments in connection with the participation of another person in unlawful gambling. The Dept. of Treasury and the Federal Reserve Board have issued a joint final rule, Regulation GG, to implement this Act. As defined in Reg GG, unlawful Internet gambling means to "place, receive or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received or otherwise made." As a customer of First State Bank of the Florida Keys, these restricted transactions are prohibited from being processed through your account or banking relationship with us. If you do engage in an Internet gambling business and open a new account with us, we will ask that you provide evidence of your legal capacity to do so.

BENEFICIAL OWNERSHIP CERTIFICATION: To help the government fight financial crime, Federal regulation requires financial institutions to obtain, verify, and record information about the beneficial owners of most legal entity (business) customers.  A form must be completed by the person opening any new business account to include name, address, date of birth, and Social Security number (passport number or similar for non-US persons) for each individual who owns 25% or more of the equity of the legal entity, as well as for an individual who manages the business. Please contact a FSB representative at any branch for appropriate forms or additional details.