First Convenience Bank offers free checking to select groups and individuals. Nonprofit organizations get free checking with proof of nonprofit status, and individuals 55 years old and older can open Power Checking accounts with no monthly fees. Small businesses can have monthly fees waived if certain conditions are met.
To qualify for free checking, a small business must have at least 10 card transactions per statement cycle or maintain a balance of at least $250. Larger companies can open an Analyzed Commercial Checking Account and offset monthly fees through earnings credits. The bank's other checking accounts carry a monthly maintenance fee of some kind, and accounts are subject to additional fees for overdrafts and checks returned due to insufficient funds.