Locally Owned & Controlled
Community Bank, Serving the Community Since 1926


Personal Checking Accounts

Personal CheckingFor most people, some type of checking or draft account is probably the most basic, frequently used financial service available.  First National Bank in Mahnomen's services give you the opportunity to earn interest on the amount deposited...and we offer some of the most competitive rates and reasonable fees available.

We will work with you to help select the option best suited to your financial situation and lifestyle. 

Click here to find out more about all the benefits of our Elite Checking accounts. It's a whole new way to think about checking!
Account Rate Information Limitations Account Fees
Regular Checking - Option 1 Non-interest bearing account You must deposit $100.00 to open this account $1.00 Maintenance charge plus $.10 charge per debit item per statement cycle. Receive earnings credit of $.25 for $100.00 balance maintained for the entire statement cycle.
Regular Checking - Option 2 Non-interest bearing account You must deposit $100.00 to open this account Zero maintenance charge. $.25 debit charge per item processed per statement cycle.
Regular Checking - Option 3 Non-interest bearing account You must deposit $100.00 to open this account Zero maintenance charge and zero debit charge for senior citizens (over age 62) and for full-time students.

 

Account Rate Information Balance Information Limitations Account Fees
Now Account Checking This Account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The Interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited you will not receive the accrued interest.

We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.  You must maintain a minimum balance of $950.00 in the account each day to obtain the disclosed annual percentage yield.

You must deposit $950.00 to open this account

 Must maintain a $950.00 minimum balance to avoid a service charge. If your account drops below the $950.00 minimum balance you will be charged a maintenance charge of $3.00 a month, plus $.25 debit charge per item and you will lose your interest for those days the balance drops below the minimum.
Super Now Account Checking This Account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The Interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited you will not receive the accrued interest. We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.  You must maintain a minimum balance of $2,500.00 in the account each day to obtain the disclosed annual percentage yield. You must deposit $2,500.00 to open this account If your account drops below the $2,500.00 minimum balance you will be charged a maintenance charge of $3.00 a month, plus $.25 debit charge per item and you will lose your interest for those days the balance drops below the minimum.
Elite -

Interest bearing checking account

 This Account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The Interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited you will not receive the accrued interest. We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.  You must maintain a minimum balance of $950.00 in the account each day to obtain the disclosed annual percentage yield. You must deposit $100.00 to open this account There is a per month charge of $6.00.  If your account drops below the $950.00 balance any time during the month you will not receive any interest for those days the balance drops below $950.00 and will not be penalized an additional fee.
Elite Family -

Interest bearing checking account

 This Account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The Interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited you will not receive the accrued interest. We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.  You must maintain a minimum balance of $950.00 in the account each day to obtain the disclosed annual percentage yield. You must deposit $100.00 to open this account There is a per month charge of $8.00.  If your account drops below the $950.00 balance any time during the month you will not receive any interest for those days the balance drops below $950.00 and will not be penalized an additional fee.
Elite 55 -

Interest bearing checking account

 This Account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The Interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited you will not receive the accrued interest. We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.  You must maintain a minimum balance of $950.00 in the account each day to obtain the disclosed annual percentage yield. You must deposit $100.00 to open this account There is a per month charge of $3.00.  If your account drops below the $950.00 balance any time during the month you will not receive any interest for those days the balance drops below $950.00 and will not be penalized an additional fee.
Elite 55 Family -

Interest bearing checking account

 This Account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The Interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account at any time. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly. If the account is closed before interest is credited you will not receive the accrued interest. We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.  You must maintain a minimum balance of $950.00 in the account each day to obtain the disclosed annual percentage yield. You must deposit $100.00 to open this account There is a per month charge of $4.00.  If your account drops below the $950.00 balance any time during the month you will not receive any interest for those days the balance drops below $950.00 and will not be penalized an additional fee.

 

Other Account Fees
The following fees apply to all of your accounts with us
except Certificates of Deposit and Time Deposit Account:
Stop Payment $20.00 per item, Elite Checking: Free
Account Reconciliation $25.00 per hour - $10.00 minimum
Account Research $25.00 per hour - $10.00 minimum
Instant Statements $1.00 per item
Return Deposit Item $5.00 per item
Account Closure $10.00 within six (6) months
Undeliverable Mail Fee $5.00
Collection Item $15.00
Dormant Account Fee $5.00 Monthly with two (2) years of inactivity

Checking Account Fees
Overdraft Charge: $20.00 per item
$5.00 per day after the account is overdrawn for five (5) consecutive days
Overdraft Maximum $100 per day
Check printing: Prices vary with your style selection
Statements
 - Returned Checks

 - On Disk (per disk)
$10.00 Monthly

$10.00 One(1) month of data
$40.00 Up to twelve (12) months of data
ATM Cards
 - Monthly Charge
 - Replacement Fee
 - Reset PIN
 - Reactivate Card
$1.00
$10.00
$5.00
$5.00

Clerical Services
Photocopies: $.25 per copy
Five (5) complimentary copies FREE with Elite Checking
Fax $1.00 per page - local
$2.00 per page - long-distance
Notary Fee $2.00 Non-customer per instrument
Complimentary service for customers

Other Account Services
Checks
 - Certified
 - Counter
 - Foreign Draft
 - Money Orders
 - Travelers Checks

 - Travelers Express  
    Money Order:


 - Wire Transfers
  Customer
   - Incoming
   - Outgoing
  Non-Customer 
   - Incoming
   - Outgoing
$15.00 per item
$1.00 per item
$40.00 per item
$2.00 per item; FREE with Elite Checking
$1.00 per $100 increments; FREE with Elite Checking
$.01-50.00 = $.50 charge,
$50.01-$150.00 = $1.00 charge
Over $150.00 = $2.00 charge
FREE with Elite Checking


FREE
$15.00 per item

$10.00 per item
$20.00 per item
Non-Customer Check Cashing $5.00 up to $100.00 and $2.00 per hundred over $100.01
Non-Customer Coin Sort: 1% $5.00 minimum
 

First National Bank in Mahnomen, PO Box 378, 103 North Main St., Mahnomen MN 56557
Phone: 218-935-5251    Toll-free: 1-877-935-5251    24-Hour TeleBanc: 1-800-933-5814
Fax: 218-935-2794

First National Bank is an Equal Housing Lender.  
Member FDIC.