Community First Bank of Indiana 2021 See Updated Details : Current School News

Community First Bank of Indiana 2021 See Updated Details

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Community First Bank: Community First Bank of Indiana offers the deposit and loan services of a national brand with the convenience and customer service of a local community bank. This article aims to give you details concerning checking accounts, savings accounts, online banking, as well as mobile banking, and more…
Community First Bank of Indiana 2021 See Updated Details
At Community First Bank, they strive to bring you the best that banking can offer. They’ve been proudly serving the local communities of Indiana since 1997.
They provide all the perks of modern financial services with the reliability of the “hometown” banking our customers have come to expect.
They take your banking seriously and as fellow members of your community know the importance of an efficient, welcoming, and accessible banking experience.

About Community First Bank of India

On February 3, 2003, Community First Bank of Indiana made history by opening the first new bank chartered in Howard County in over 55 years. In a span of fewer than 3 months from the date shares of bank stock became available for sale,
CFB became operational raising 25% more capital than required by the Federal Deposit Insurance Corporation and the Indiana Department of Financial Institutions.
The success of the initial capital offering is attributed to the overwhelming support for the vision and creation of a new way to do banking in our community – a bank that is locally owned, locally governed, and staffed with experienced bankers.

Community First Bank Indiana General Info for Savings Accounts

Variable Rate Information:

All interest-bearing checking and savings accounts earn a variable rate. At their discretion, your interest rate and annual percentage yield may change at any time.

Compounding and Crediting Frequency:

Checking and Health Savings Accounts-Interest will be compounded and credited every month. Savings-Interest will be compounded and credited every quarter.

Effect of Closing Account:

If you close your account before interest is credited, you will not receive the accrued interest.

Balance Computation Method:

They use the daily balance method to calculate interest; this method applies a daily periodic rate to the collected balance in the account each day.

Accrual of Interest on Noncash Deposits:

Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (i.e. checks).

Service Charges:

Service charges will apply to all checking accounts every month, savings every quarter if a minimum balance is not maintained or other required account stipulations are not met for each applicable account type.

Bonus:

Any promotion offered by Community First Bank will be reported on your statement and your year-end tax form.

Community First Bank of Indiana Regular Savings Account

(Interest Bearing)

  • Minimum Balance to Open: $25.00
  • Minimum Balance to Obtain Disclosed Annual Percentage Yield (APY): $25.00
  • Variable Rate Account
  • Fee if Excess Transfers Exceeded $1.00 per Withdrawal
    • Fee applicable if there is an excess of three withdrawals from this account (withdrawals, transfers, automatic payments, ATM, etc) in a quarter.
    • Transactions are limited by regulations. If transaction limits are exceeded, the customer may be required to change the account product.

Prepare for Holiday Expenses With A Christmas Club Account:
Let Community First Bank help make the holidays less stressful by opening a Christmas Club Account. Call your local CFB branch for more details.
Make Your Well-Being A Priority with A Health Savings Account:
Prioritize your health and set money aside for healthcare expenses with a Health Savings Account from CFB. Contact your local branch for further information.

Community First Bank of Indiana Info for Checking Accounts

Variable Rate Information:

All interest-bearing checking and savings accounts earn a variable rate. At their discretion, your interest rate and annual percentage yield may change at any time.

Compounding and Crediting Frequency:

Checking and Health Savings Accounts-Interest will be compounded and credited every month. Savings-Interest will be compounded and credited every quarter.

Effect of Closing Account:

If you close your account before interest is credited, you will not receive the accrued interest.

Balance Computation Method:

They use the daily balance method to calculate interest; this method applies a daily periodic rate to the collected balance in the account each day.

Accrual of Interest on Noncash Deposits:

Interest begins to accrue no later than the business day they receive credit for the deposit of noncash items (i.e. checks).

Service Charges:

Service charges will apply to all checking accounts every month, savings every quarter, if a minimum balance is not maintained or other required account stipulations are not met for each applicable account type.

Bonus:

Any promotion offered by Community First Bank will be reported on your statement and your year-end tax form.

Checking Accounts with Community First Bank of Indiana

Premier Checking (Interest Bearing)

  • Minimum Balance to Open: $100.00
  • Minimum Daily Balance to Avoid Monthly Service Charge: $1,500.00
  • Monthly Service Charge: $8.00
  • Minimum Daily Balance to Obtain Annual Percentage Yield: $0.00
  • Variable Rate Account
  • Unlimited Check-Writing Ability
  • Free CFB Personal Checks
  • Free Money Orders
  • Also, Free 3×5 Safe Deposit Box, 30% Discount on Other Sizes, Subject to Availability
  • Money-Saving Benefits*:
    • Shopping and dining discounts from local and national retailers
    • Nationwide travel, hotel, recreation, and entertainment discounts
    • Savings on prescriptions, vision and hearing aids
  • Personal Protection Benefits*:
    • Cell phone protection
    • Roadside assistance
    • $2,500 personal identity theft benefit
    • Identity restoration
    • Payment card fraud resolution
    • $10,000 travel accidental death insurance

Deluxe Checking

  • Minimum Balance to Open: $100.00
  • Monthly Service Charge: $6.00
  • Unlimited Check-Writing Ability
  • One Free Box of CFB Personal Checks Per Calendar Year
  • Free Money Orders
  • Free 3×5 Safe Deposit Box, Subject to Availability
  • Money-Saving Benefits*:
    • Shopping and dining discounts from local and national retailers
    • Nationwide travel, hotel, recreation, and entertainment discounts
    • Savings on prescriptions, vision and hearing aids
  • Personal Protection Benefits*:
    • Cell phone protection
    • Roadside assistance
    • $2,500 personal identity theft benefit
    • Identity restoration
    • Payment card fraud resolution
    • $10,000 travel accidental death insurance

Basic Checking

  • Minimum Balance to Open: $100.00
  • Minimum Daily Balance to Avoid Monthly Service Charge: $100.00
  • Monthly Service Charge: $7.00
  • Unlimited Check-Writing Ability

Business Checking Account with Community First Bank of Indiana

Business Regular Checking

  • Minimum Balance to Open: $100.00
  • Minimum Balance to Avoid Service Charge: $500.00
  • Monthly Service Charge if Balance Falls Below Minimum: $5.00 + $0.05 per Debit Item
    • Service Charge Waived for Non-Profit Organizations

Business Analysis Checking

  • Minimum Balance to Open: $100.00
  • Monthly Service Charge Based on Account Analysis Pricing Below:
    • Debit Charges: $0.16
    • ACH Charges: $0.16
    • Deposits: $0.40
      • Foreign Items: $0.05
      • On Us Items: $0.15
    • Monthly Maintenance Fee: $1.00
    • Earnings Credit Allowance: 0.75%
      • Less 10% Reserve Required by Federal Reserve
      • Cap on Earnings Credit Allowance: 4.0%

Business Money Market (Interest Bearing)

  • Minimum Balance to Open: $100.00
  • Minimum Balance to Obtain Disclosed APY: $0.00
  • Variable Rate Account/Tiered
    • $.01-$2,499.99-current rate/APY for Regular NOW account , please inquire with CSR
    • $2,500.00-$9,999.99-current rate/APY, please inquire with CSR
    • $10,000.00-$24,999.99-current rate/APY, please inquire with CSR
    • $25,000.00-$49,999.99-current rate/APY, please inquire with CSR
    • $50,000.00-$89,999.99-current rate/APY, please inquire with CSR
    • $90,000.00 or greater-current rate/APY, please inquire with CSR
  • Service Charge if Excess Transfers Exceeded: $1.00 per Withdrawal
    • Fee applicable if there is an excess of six debit transactions (withdrawal, checks paid, automatic transfer or payment, debit card, etc.) during a statement cycle.
    • Transactions are limited by regulations. If transaction limits are exceeded, the customer may be required to change the account product.

Business Now Account (Interest Bearing)

  • However, the Minimum Balance to Open: $100.00
  • Minimum Balance to Avoid Service Charge: $750.00
  • Minimum Balance to Obtain Disclosed APY: $0.00
  • Variable Rate Account
  • Monthly Service Charge if Balance Falls Below Minimum: $7.50

Online Banking with Community First Bank of Indiana

Online banking allows you to check your account balance, transfer funds, and see which payments and deposits have cleared, etc.
It is also the portal for Bill Pay and Online Statements. You will need to contact one of our Financial Representatives at 765-236-0600 to receive an invitation for the initial set up.

How to Enroll:

  1. In your e-mail inbox, an open message from contact “No-Reply”, click on the link, then input bank security code that was provided by your Financial Representative.

You must set up your account within 72 hours or the link becomes inactive (If past the 72-hour timeframe, please contact the bank for resubmission of the invitation)

  1. Set up a username, create a password, and set up 3 security questions/answers
  2. You’re in!

How to log in:

  1. Visit our website: cfbindiana.com
  2. In the upper right-hand corner, you will find our “Online Banking Center.”
  3. Input username and select login
  4. Fill in boxes requesting information

If you forget your password:
Enter your USERNAME, click on “Forgot Password” and follow the steps provided

Mobile Deposit

Depositing checks can be as easy at 1, 2, 3! Speak with a Financial Representative regarding our Mobile Deposit Agreement and to enroll. You may reach them at 765-236-0600.
Once your enrollment has been processed, proceed with the following steps:

  1. Sign in to our Mobile Banking App
  2. Select “Menu Bars” in the bottom left-hand corner
  3. Select “Deposit Checks”

Please note that if logging in on a browser, the deposit checks option will only display previous mobile deposit history and will not allow you to complete a deposit.

  1. On the back of the check endorse with signature and “FOR MOBILE DEPOSIT ONLY”

Checks that are not endorsed properly will be rejected

  1. Capture front and back image of item
  2. Specify amount and account you wish to deposit your check into
  3. Click review and then submit

Bill Pay

Bill Pay allows you to pay bills, review payment history and pending bill payments, as well as, receive electronic bills through the Internet.

How to Sign Up:

  1. Log in to online banking
  2. Click on the “Move Money” tab
  3. Select the “Enroll in Bill Pay” option and follow the steps to complete enrollment before you will be able to submit external transfers. You may need to log out and log back in after completing enrollment before you will have the option to set up payees.
  4. Follow the steps to establish payees

Online Statements

Online statements allow you to receive your monthly bank statements through your e-mail. However, Online statement users will receive an e-mail notification every month notifying them that the statements are available through a secure login to the bank website.

To Sign Up:

  1. Log in to online banking
  2. Under ‘My Accounts” click on the account for which you want to enable online statements. You may also click “Documents” on the left to select multiple accounts to enroll in online statements.
  3. Click on the “Statements” tab in the lower right-hand side of the screen – this should bring up a terms acceptance window for you to review
  4. After reviewing the electronic statement terms, scroll to the bottom of the window and click “View test document” then select the account(s) you’re requesting to receive online statements and click “Accept Terms” to complete the e-statement enrollment process.

Viewing the test document is required before accepting terms to ensure your device is capable of downloading and viewing statement PDF files.
Previous mailed statements before the electronic statement terms acceptance will not be viewable online.

Community First Bank of Indiana Contact Info

Address: 201 West Sycamore Street
Kokomo, IN 46901
Mailing Address: P.O. Box 989 Kokomo, IN 46903-0989
Phone: (765) 236-0600
Fax: (765) 236-1873
Lobby
M – F: 9:00 am – 5:00 pm
ATM open 24/7
(No drive-up lane for other services available at this branch)

The team members at CFB of Indiana are ready to provide you with the tools necessary for easy banking in the Indiana area to take charge of all aspects of your finance and lending needs. Why not try them out today.
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