1st Bank Business Banking Features & Benefits, Key Information and FAQs

Find out more about 1st Bank with features & benefits, a fee table and frequently asked questions.

Updated on August 28th, 2019

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1st Bank is a commercial bank with locations across Arizona, Colorado, and California. 1st Bank has a variety of small business bank accounts and lending solutions to help you manage your business finances.

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Rates and Fees:

Checking

$0.00 to $15.00 /mo.

Savings

$0.00 /mo.

Time Deposit

$0.00 /mo.

1st Bank
Review:

Pros: No minimum balance for checking accounts. Low monthly fees.

Cons: It can take up to 5 days to process bill payments.

Bottomline: Affordable banking services, but checking options are very basic.

Features and Benefits:

Mobile banking.

Whether you use 1st Bank for business or personal purposes, access to mobile banking through the 1st Bank mobile app makes it easy to view your account balances and make payments on-the-go.

Over 200 ATMs.

1st Bank has over 200 ATM machines spread out across the states of Arizona, Colorado, and California that you can use to access cash.

Low checking account fees.

1st Bank business checking accounts range in price from $0.00 to $15.00 per month. Not only that, but no minimum balance is required, no matter what type of checking the account you choose.

Low minimum balances for savings accounts.

Savings account minimum balances start at just $300.00, meaning you won't have to pay a monthly maintenance fee if you keep at least the minimum in your account.

Key Information:

Co-Founders

Everett Williams, George Williams

Founded

1963

Headquarters

Lakewood, CO

Number of Employees

1,001-5,000

CEO

Jim Reuter

Address

12345 W Colfax Ave, Lakewood, CO 80215

Phone Number

+1 303-237-5000

Website

www.efirstbank.com

Reviews:

Source

Reviews

Free2718 - reddit.com

I rep 1st Bank pretty hard and always recommend. Minimal fees all around. I have a checking and savings account and RARELY pay any fees aside from the occasional atm fee for other ATMs. I got a kindle fire for opening an account. Customer service is stellar. Never talk to any outsourced call center people - all of the people are local and a pleasure to deal with. Mobile check deposits with the app and its left me as an extremely happy customer. I have a Wells Fargo credit card and despise every interaction I have with them. Added bonus is that most kings soopers have 1st bank ATMs.

Adventuredispenser - reddit.com

I had a really negative experience with 1st Bank for the same reasons you like them (fees and customer service). I recently switched to a credit union and I couldn't be happier with my decision. I think my major issue stems from the out-of-network ATM fees. The ATM is already dinging me $2-3 and FirstBank tacks on another $2.50 at the end of the month for EACH of those withdrawals. Depends on how regularly you need to withdraw cash, but I found it to be a major pain.

Charleythehawk - reddit.com

I use 1st Bank and have only had positive experiences. They went out of there way a couple of times when I paid off my student loans so that was nice of them.

TopTierGoat - reddit.com

Been with them for 10 , and no complaints. Online banking, bill pay, zelle, all free.

jumboshrimp29 - reddit.com

I’ve been with FirstBank for maybe 15 years and they’ve always been great. They’re out of Lakewood so they have branches/ATMs all along the front range, they offer a decent cash back credit card (not great, but good rewards for also building credit), and a pretty good app.

FAQs:

How much does it cost for a 1st Bank business account?

1st Bank charges anywhere from $0.00 to $15.00 per month for a business bank account.

See 1st Bank's rates and fees.

What type of business bank accounts does 1st Bank offer?

  • Checking.
  • Savings.
  • Time Deposit.

Get more information on 1st Bank.

What services does 1st Bank offer?

  • Online Banking.
  • Mobile Banking.
  • Text & Email Alerts.
  • 24hr Phone Banking.

Learn more about 1st Bank.

What are the fees for 1st Bank's online business banking?

  • Account Management: $10.00 with paper statements (Free if enrolled for eStatements).
  • Bill Payment (Optional): $5.00 per user per month.
  • Financial management software download service (Optional): $0.00.

Get more details on 1st Bank.

What can I do with the ICM Mobile App?

  • View account balances.
  • View account details.
  • View transaction history.
  • View check and deposit item images.
  • Transfer funds.
  • Approve wires.
  • Approve ACH batches.
  • Contact First Bank via telephone or email.
  • Deposit checks.

See more information on 1st Bank.

How far back will 1st Bank's transaction history go?

You can see transactions from your previous three statement cycles, plus any transactions since your last statement. You also have access to electronic statements (eStatements) which are archived online for 36 months.

Find out more about 1st Bank.

Can I use 1st bank online banking to create business spending reports?

When you access 1st Bank online, you can use your 1st Bank account to see all of your recent business spendings and download transaction reports. Quick access to this information makes it easier for you to manage your accounting.

Read more about 1st Bank.

What can I do with 1st Bank's 24-hour telephone banking?

  • Transfer funds between 1st Bank accounts.
  • Verify checking, savings, and FirstLine of Credit account balances.
  • Receive information about electronic deposits that will post to your account.
  • Determine if a specific check has been paid.
  • Get the last 20 checks and electronic withdrawals that have cleared your checking account.
  • Get cash reserve information and make cash reserve payments.
  • Get the last 20 withdrawals and the last interest paid on your savings account.
  • Get the last 10 deposits to your checking or savings account.
  • Speak to a representative about loans and new accounts.

Find out more about 1st Bank.

Can I use Quickbooks with 1st Bank?

Yes. 1st Bank offers a service that automatically enters transactions into your financial management software and currently supports versions 2015 and newer for QuickBooks.

Learn more about 1st Bank.