Not all checking accounts are over-achievers, but First Performance Checking is. With this checking account, you'll rack up interest simply by meeting a few basic monthly qualifications.
- Earn interest on your entire balance with an opportunity to earn premium interest on the first $25,000 by just making 15 or more debit card purchases and a single Direct Deposit of $250 or more*.
- Save with surcharge fee-free access to cash at over 55,000 ATMs worldwide that are in the Allpoint Network.
- Enjoy the convenience of free eBanking, Mobile Banking and eStatements.
- Use Mobile Deposit to quickly deposit checks.
- Access complimentary money orders and Cashier’s Checks.
- Avoid paying the $15.00 monthly maintenance fee when you have 5 or more debit card purchases during a monthly qualification period.
- Compare to our other Checking Products.
First Performance Checking FAQs
The interest rate will display as 0.00% because the rate plan for this product is in two different tiers. See Product/Rate Sheet for current Interest Rates and Annual Percentage Yields (APYs).
Yes, once the first statement has generated you will be able to see the APY earned and interest earned on the account. After the first statement this will also populate the values in eBanking for the Last Statement APY earned and Interest YTD section.
If you are using mobile wallet functionality (Apple Pay, Samsung Pay, Google Pay) where the purchase transaction is utilizing the First Bank debit card tied to your Performance Checking, then yes, it will look just like a regular purchase. Account to Account transfers utilizing mobile wallet or an incoming Zelle transfer that uses the debit card do not count as a purchase.
No, there is a limit one per person (primary owner or TIN).
* A monthly qualification period generally begins 3 business days prior to the account’s last statement date and ends 3 business days before the next statement date. Qualifying transactions must post to the account during the monthly qualification period. Transactions may take one or more business days from the date of purchase to post to the account. When all of the following qualifications are met and posted to the account during a monthly qualification period, the account is a qualifying account, and an interest rate of 3.00% will be paid on the portion of the account balance up to $25,000 (the APY for this tier will be 3.04%); and the portion of the account balance that is $25,000.01 or more will be paid an interest rate of 0.10% (the APY for this tier will range from 3.04% to 0.11%, depending on the balance in the account). Qualifications are:
- 15 or more debit card purchases; and
- A single Direct Deposit of $250 or more.
When the above qualifications are not met during the monthly qualification period, the account is a non-qualifying account, and an interest rate of 0.10% will be paid on the entire balance (the APY will be 0.10%). Annual Percentage Yields (APYs) are effective as of 06/30/2022. This is a variable-rate account, and the APYs are subject to change after the account is opened. $100 minimum balance to open. Fees may reduce earnings. Limit one First Performance Checking account per person.