First State Bank of Wyoming offers several account choices that can assist small and large business owners in managing their finances. Please feel free to contact one of our Customer Service Representatives at 651-462-7607 to determine which accounts and features best suit your needs.

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General Business Checking
With General Business Checking, we take a detailed snapshot of your activity each month to determine your monthly fee. In addition, your fee may be reduced with an earnings credit based on your average collected balance.

Earnings credit to offset usage fees.

Monthly maintenance fee           $ 10.00
On Us Items Deposited  $ .04
Transit Items Deposited $ .08
Debit items against account       $ .25

Service charges are offset by an earnings credit. Your credit will be applied to the average collected account balance for the month. The earnings credit rate effective 09/1/2018 is .25%, with an Annual Percentage Yield of .25%.

Dormant Account fee of $2.00 per month is charged if the account is not used for 6 months and the account balance is below $50.00. Image statements provided online. A $25 account closing fee will be assessed if the account is closed within the first 6 months.

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Low Activity Business Checking
Designed for smaller businesses with limited activity.

Write up to 25 checks per month and deposit up to 50 checks per month. No minimum balance is required.  Monthly service fee of $5.00 is waived when choosing estatements.

Debits           $.50/debit over 25 per month
Items Deposited    $.25/item over 50 per month

Dormant Account fee of $2.00 per month is charged if the account is not used for 6 months and the balance is below $50.00. A $25 account closing fee will be assessed if the account is closed within the first 6 months.

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Preferred Money Market Accounts
*Earn interest and easy access

Earn a higher rate of interest while retaining access to your account by check.

Daily BalanceInterest RateAnnual Percentage Yield
Under $2,500 0.05% 0.05%
$2,500-$24,999 0.10% 0.10%
$25,000-$49,999 0.35% 0.35%
Over $49,999 0.50% 0.50%
• Interest calculated on collected balance and compounded and credited monthly
• Minimum balance of $2,500 required
• Unlimited number of deposits
• 6 debits permitted monthly with $10 fee per debit over 6
• $10 below minimum fee per month if balance falls below $2,500

Interest Rates Effective 11/17/2022.
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Certificates of Deposit
Structured savings on your schedule. Earn a fixed competitive rate for a predetermined amount of time.

First State Bank of Wyoming offers Savings Certificates that pay a higher rate than a statement savings account.  You may choose the length of your investment and receive the associated annual percentage yield on your deposit for the term of the certificate.  If you need the funds before the term end, you will be subject to a penalty for early withdrawal, but you will have immediate access to your funds.

Savings Certificates are also an excellent investment for Individual Retirement Accounts.   All funds are insured by the FDIC up to $250,000 per depositor, per insured financial institution for each account ownership category as defined by FDIC.

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Health Savings Accounts
Help your employees save for a healthy future and pay for medical, dental and vision expenses by offering Health Savings Accounts.

Employer Benefits:

HSAs reduce taxes.

Employer contributions can be used as an income tax deduction for your small business. In addition employer and employee contributions are not subject to Social Security taxes.

HSAs reduce premium rates. Used in conjunction with HDHPs, HSAs reduce immediate premium rates.

More available capital. Payroll tax savings and savings from lower health care premiums free up capital to be directed to other critical business areas.

Any size company may offer HDHPs and HSAs.

Improved employee retention. HDHPs/HSAs can help your employees save money and invest for the future.

ACH Origination

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Commercial Loans

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Online Bill Payment

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The following terms apply to all First State Bank of Wyoming Deposit Accounts.

    • Fees may reduce earnings. Rates are effective 11/1/2023
    • Annual Percentage Yields (APY) and Interest Rates are subject to change at any time

 Verifying your identity as required by the Patriot Act

Important information about procedures for opening a new account:  To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. In addition on legal entity accounts, we will require identification on the beneficial owners and the controlling person.

What this means for you:  When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.  We may also ask to see your driver’s license or other identifying documents.  We thank you for your understanding and for joining us in securing a safer tomorrow.

Unlawful Internet Gambling Enforcement Act Compliance

The Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006 prohibits any person engaged in the business of betting or wagering, as defined in the Act, from knowingly accepting payments in connection with the participation of another person in unlawful Internet gambling.  The Department of the Treasury and the Federal Reserve Board have issued a joint final rule, Regulation GG, to implement this Act.

As defined in Reg GG, unlawful Internet gambling means to ‘place, receive or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the Internet where such a bet or wager is unlawful under any applicable Federal or State law or tribal lands in which the bet or wager is initiated, received or otherwise made’.

As a customer of First State Bank of Wyoming, unlawful Internet gambling transactions are prohibited from being processed through your account or banking relationship.  First State Bank of Wyoming will not open accounts for customers engaged in any Internet gambling business, including legal Internet gambling businesses.

Contact us at 651-462-7607 for additional information regarding Regulation GG.