Business Banking

We take special care to satisfy the unique financial needs of Jacksonville businesses. That's why we offer specialized products and services for virtually any type of business--everything from commercial checking accounts with electronic banking to our special courier service. If you have questions, or need help picking the right First Guaranty Bank account for your needs, please give us a call today at 301-2000 or visit any of our Locations. We'll be happy to help.

Business Checking

Business Checking is our most popular business product because it's designed for businesses that would like account balances to offset service charges. Your service charges are analyzed and collected balances generate an Earnings Credit used to minimize banking costs. In addition to other products or services purchased, the following monthly service charges apply:

  • Monthly Maintenance Fee: $14.00
  • Per item deposited: $.11
  • Per item charged: $.15
  • Deposits credited: $.35
  • ACH credited: $.15

Business NOW

Ideal for proprietorships, philanthropic organizations and other non-corporate and non-partnership organizations. Interest is paid monthly on the collected balance with rates set every week to reflect current market conditions. Service charges and interest expenses are analyzed. The account's collected balances generate an Earnings Credit used to offset the costs. In addition to other products or services purchased, the following account analysis service charges will apply:

  • Account maintenance: $14.00
  • Per item deposited: $.11
  • Per item charged: $.15
  • Deposits credited: $.35
  • ACH credited: $.15

Business Interest on Trust Accounts (IOTA)

A cost efficient method for attorneys to handle escrow funds. Service charges and interest expenses are analyzed and the account's collected balances generate an Earnings Credit used to offset the costs. The following account service charges will apply:

  • Account maintenance: $14.00
  • Per item deposited: $.11
  • Per item charged: $.15
  • Deposits credited: $.35
  • ACH credited: $.15

Insured Money Market Account (IMMA)

An excellent vehicle for liquidity and higher interest rates. Interest rates are set each week to reflect current market conditions, with interest paid monthly on the collected balance. Features unlimited "in person" withdrawals. Allows up to six preauthorized transfers each month (30-day period) - three of these transfers may be checks. Collected balances generate an Earnings Credit used to offset banking costs. In addition to other products or services purchased, the following account analysis services charges will apply:

  • Account maintenance: $14.00
  • Per item deposited: $.11
  • Per item charged: $.15
  • Deposits credited: $.35
  • ACH credited: $.15
  • Excess withdrawals per item: $5.00

For the current rate, please call 301-2000.

Business Guaranty Management Account (GMA)

Earns graduated rates of interest based upon the level of balances in the account. Interest rates are set each week to reflect current market conditions and interest is paid monthly on the collected balance. Features unlimited "in person" withdrawals. Allows up to six preauthorized transfers each month (30-day period) - three of these transfers may be checks. The Business GMA must maintain an average daily balance of $1,000 during the statement cycle to earn interest. If the daily minimum balance falls below $10,000 during the statement cycle, a monthly account maintenance charge of $20.00 will apply. Excess debits are $5.00 each.

Business Sweep Account

Designed to provide corporations with increased investment income. Interest is calculated daily. All balances over a target level in the operating account are "swept" into an interest bearing Sweep Accumulation Account each day after checks and deposits are posted. Weekly, the Sweep Accumulation Account will replenish the balance of the operating account to the desired target amount. Occasional debit balances may occur in the operating account pending weekly transfer from the Sweep Accumulation Account.

  • Minimum balance: $15,000
  • Annual fee: $100.00

The following rates apply:

  • $15,000 and over: Sweep Rate
  • $Below $15,000: NOW Rate

If the minimum daily balance falls below $15,000 during the statement cycle, a monthly account maintenance charge of $15.00 will apply.

Business Savings

Available to all businesses. Interest is calculated daily, compounded quarterly and paid quarterly for the length of time the funds remain on deposit. You can make six free withdrawals per month (30-day period). After six, a $5.00 excessive withdrawal fee is charged for each item.

If the balance of the account falls below $500.00 at any time during the quarter, an account maintenance charge in the amount of $15.00 per quarter will apply.

Courier Service

Free Courier Service With Your Business Banking Account.

Fred Scarborough, Courier Coordinator, says, "Receive at least four free bank courier pick-ups a month.  Simply schedule a regular time or call whenever you need an occasional delivery.  We'll be right over to help save you time and money."

Courier Service is available to our commercial clients. With the Courier Service, you'll never have to worry about getting a deposit to the bank on time. The following service charges apply:

  • Up to 4 pick-ups per month: FREE
  • More than 4 pick-ups per month: $4.00 each
  • Out of market pick-ups: $.36 per mile
  • Courier fees are analyzed with the activity of the business account. Call us when you need occasional service, or simply schedule regular pick-ups at (904) 301-2090.

Merchant Services

First Guaranty Bank makes accepting and processing credit card payments fast, safe, easy—and most importantly—profitable for your business. Merchant banking products and services can help make your operations more efficient, accurate and reliable. By providing additional payment solutions, you increase sales for your business and enhance loyalty among your customers. That's why First Guaranty Bank has partnered with the NOVA Network to deliver the industry's leading merchant processing solutions. By combining First Guaranty Bank's financial expertise with NOVA's premier payment processing network, you can enjoy a one-stop solution for all of your banking and processing needs.

EVERYTHING YOU NEED TO GROW YOUR BUSINESS:

  • Online Customer Support
  • Wireless Payment Processing
  • Internet/E commerce
  • Network Integration
  • Electronic Check Service
  • Electronic Gift Cards
  • Debit Acceptance
  • Purchasing/Corporate Cards
  • Electronic Benefits Transfer
  • Electronic Draft Capture
  • PC and Terminal Based POS Solutions
  • Telephone processing solution

Please call our Merchant Services Commercial Officer, Deborah Joyce at 301-2268 or email her at djoyce@fgbjax.com for information about opening a merchant account.

If you are an existing merchant customer, you can call our 24-hour customer service center at 1-800-725-1243 with questions about your merchant account, supply orders or for terminal support.

Already a First Guaranty Bank merchant customer, but need to register for online account access? Click here to get started. If you already have your user id and password, Click here to access monthly statements, view the status of your account and more.

24-Hour Telephone Banking (301-2100)

Automated assistance is just a phone call away - 24 hours a day and seven days a week. Call 301-2100 to access your accounts. You can check your account balances, transfer money between accounts, verify recent deposits and withdrawals, and also find out what checks or debit transactions have recently posted. To begin using telephone banking, call 301-2000 or visit any of our Locations to speak with a First Guaranty Bank Client Services Representative.

Business Internet Banking and Cash Management

Connect with the bank through the Internet at any time, day or night, to check balances, make transfers, make payments, and reconcile accounts. If combined with Web Bill Payment Services, you can make payments without having to write checks, or address, stamp and mail envelopes. Internet banking is secure and confidential. Your unique ID and password are required before any information about your account can be obtained and your complete account numbers never appear on your screen. In addition, all data is automatically encrypted. For more information, call 301-2000 or visit any of our Locations to speak with a First Guaranty Bank Client Services Representative.

Cash Management

First Guaranty Bank offers many state-of-the-art products to assist you with your cash management needs, including Direct Deposit and other ACH (Automated Clearing House) services, Target and Zero Balance accounts, Wire Transfers, and other services. Contact your Client Services Representative for more information.

Lock Box Service

A cost-effective service used by businesses to improve security and reduce operating expenses associated with account receivables processing.

Credit Cards

First Guaranty Bank VISA: Enjoy all of the buying power advantages a First Guaranty Bank VISA has to offer including:

  • Instant credit and acceptance at more than 14 million places around the world.
  • Access to cash advances at thousands of automated teller machines.
  • Fraud protection.
  • Itemized statements.
  • The security of not having to carry cash or your checkbook.
  • All with no annual fee, low fixed rates, and credit lines of up to $50,000.

For more information, call 301-2000 or visit any of our Locations to speak with a First Guaranty Bank Client Services Representative.