First Convenience Bank

First Convenience Bank is a division of First National Bank of Texas. This bank gives customers the ability to choose between 4 different kinds of checking accounts as well as additional services. This will enable its clients to cater to their needs daily.

Brief Background and What the FCB is About

First Convenience Bank was established in 1901. From that point until today, the bank has a dedication to providing its communities with valuable services. There are so many top-notch banking solutions that you can access as a solution for your needs. You will also find that the bank has a highly efficient customer service.

Its operating locations include Texas, Arizona, as well as New Mexico. At the moment, the First Convenience Bank has more than 300 branches as well as 400 Automated Teller Machines.  They all are supported by over 3000 banking pros.

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One feature that you will definitely love about the First Convenience Bank is the absence of credit checks prior to opening an account. If you’ve got a ChexSystems record, it will also not be checked. ChexSystems is an agency that is responsible for credit reporting as well as verifying credit. In the event of any bank infringements in the past, you will be listed by this agency regardless of how small the arrangements are. This means that working with First Convenience Bank removes this obstacle because you will still have access to an account regardless of your credit history or ChexSystems record.

Account Services With First Convenience Bank

The First Convenience Bank offers about 4 different kinds of checking accounts as follows –

1: Power Checking account

This happens to be one of the most common accounts and is very convenient for daily banking needs. The account is powerful and simple and also guarantees your safety. The Power Checking Account allows you to easily manage your funds. The features offered by this account include –

  • Free Transactions if you make use of a Gold Key ATM
    • MasterCard debit card
    • Free of charge online services
Power Checking account
Power Checking account

If you decide to open an account online, all you need is a $20 deposit. But doing so in person will require you to deposit just $1. Every month you will have to pay maintenance fees of $12. However, being 55 years of age and above exempts you from paying the maintenance fee. You will also be exempted if your balance exceeds $100 and above or in cases where your recurring direct deposits every month is up to $100 and above. Another criterion for exempting you from monthly fees is if you make purchases using your debit card up to 8 times every month.

2: Checking with Interest account

If you want all of the benefits which come with checking account while having the chance to earn interest as well, this account is for you. It has similar benefits with a power checking account and you can write checks as much as you want with no limitations. All you have to do is deposit up to $1 to be eligible for an account. It is also required that the account does not go below $500 so that the monthly balance fees are waived.

Checking with Interest account
Checking with Interest account

3: President Select High Yield Checking Account

If you want a high balance account that has very high competitive rates, this account will interest you. You are only required to deposit at least $1 to qualify for an account. It is also required that the account does not go below $10,000 dollars so that the monthly balance fees worth $20 are waived.

President Select High Yield Checking Account
President Select High Yield Checking Account

4: The eAccount

If you don’t want a traditional checking account, the eAccount is a good alternative. But this account has no coverage for overdrafts and checks. You will only be able to carry out electronic transactions. However, you can utilize a MasterCard debit card. All that you need to maintain this account monthly is just $7. Choosing electronic statements can entitle you to a free reduction or $5.

The eAccount
The eAccount

Keep in mind that you are required to fund a new checking account with the use of a debit or credit card. You can also make use of the account number as well as the routing number for the account to find it.

Other Services Offered by the First Convenience Bank

First Convenience Bank also provides additional services for its customers. They include – Savings Accounts, Overdraft Services, Insurance, Mortgages, Gift Cards, as well as, Credit Cards and Mobile Wallet

The Savings Account

In order to qualify for a savings account, you are required to make a deposit but is not below $20. By having a savings account with the First Convenience Bank, you will be able to earn daily balance interests. You are required to pay $5 every month in maintenance fees if certain criteria are not met:

  • Ensure that you have a balance that does not go below $100 every day of every month, or
  • Ensure that a recurring transaction not lesser than $100 is directly deposited into your account every month.
The Savings Account
The Savings Account

Keep in mind that internal transfers which come from another First Convenience Bank account, as well as an internet bank transfer, are not part of the stipulated direct deposits criteria. If these conditions are not met, you will be charged a monthly fee.  There are transaction limitations that are placed on your savings account according to federal regulations. These regulations stipulate the number of transactions which you can complete every month based on their kind.

FCB Withdrawals

You can carry out unlimited withdrawals if you do so in person or through the use of mail, an automated Teller Machine, or via messenger. You are also permitted unlimited withdrawals via phone when you mail checks to the depositor.

You are also permitted to carry out transfers without limit if the transfer is done between two accounts owned by the same person. This transfer needs to be carried out in person or through the use of mail, an automated Teller Machine, or via messenger. You are also permitted unlimited transfers as a way of paying loans.

It is possible for you to carry out as many as six transfers monthly to a 3rd party.

In order not to lose your savings account, make sure that you do not exceed the limits that have been placed on transactions more than two times every 12 months. This will only trigger an account closure and the transfer of your account to a checking account that does not bear interest. Automatically, your new account will have all terms and conditions binding on it. Keep in mind that you are required to fund a new account with the use of a debit or credit card. You can also make use of the account number as well as the routing number for the account to find it.

Conclusion

Residing in an ideal geo area will help you see how cccccccYou’ll be able to get a bank account that helps you easily carry out your daily banking and that is equipped with a wide range of services that will be of help. And if you wish to steer clear of ChexSystems, this is a very ideal bank.

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