Home Owner's Association and Condo Owner's Association. Exterior photo of condominium.

Home and Condo Owner's Associations

Banking Tailored to HOAs & COAs

Streamlined banking solutions for HOAs and COAs

First Federal Bank is a one-stop shop for HOAs and COAs looking for banking services designed for your unique needs. With specialized HOA banking services, knowledgeable staff, and convenient 24/7 digital and mobile banking, First Federal is committed to helping you manage your finances efficiently and effectively. First Federal offers a comprehensive range of services, including:

  • Lockbox solutions
  • HOA cash management accounts
  • Enhanced business checking
  • Insured Cash Sweep (ICS)
  • Condo reserve funding

Comprehensive HOA and COA Banking Solutions

The HOA/COA program from First Federal Bank streamlines payment processing, enhances cash flow, and bolsters audit control. You will receive the cost-effective benefits of automated processing and secure updates to your accounts receivables. Best of all, these solutions will save you time and expense compared to in-house processing.

HOA Cash Management Account1

  • Tiered interest rates
  • Online banking
  • Minimum balance required to earn interest
  • Up to six transfers per month

Enhanced Business Checking2

  • Monthly service charge waived for Lockbox customers
  • Write and deposit up to 300 items
  • Instant-issue Visa Business Debit card
  • eCorp online account management services with eDeposit, ACH origination, wire origination, and positive pay
  • Text and email alerts
  • $50 credit towards your first order of checks
  • 1 Non-sufficient funds fee waived per year on request
  • Check images included on statement
  • Mobile Banking with Mobile eDeposit

Insured Cash Sweep (ICS)

  • An optional program to keep all your funds safe, and in one place
  • Earn interest while accessing FDIC insurance on large deposits

Condo Reserve Funding

Florida’s Senate passed a bill in May 2022 making it mandatory for all Florida condominium and cooperative buildings, three stories or higher, to undergo milestone or structural inspections. If you need credit to meet the requirements of Senate Bill 4D, or for any capital costs that may be related to milestone inspections, we are ready to help.

Lockbox Solutions

  • Payments processing
  • eDeposit with account receivable imports payments by check, credit card, and ACH
  • RemitWeb, secure website for imports and research

Let's Talk


"First Federal Bank is a personalized banking experience. All the bank employees are ready to help and assist in any of the financial needs that arise. This bank goes above and beyond to help their customers in every aspect. I highly recommend First Federal Bank for personal and business banking."

Lyra McCallister

1) Elite HOA CMA - This is an interest-bearing account. For current APY and interest rates, contact us.

$50 opening deposit required. Transfers from/to another account or 3rd parties by pre-authorized, automatic, telephone transfer limited to 6 per month. $10 per transaction over 6. ATM transactions not allowed. Monthly service charge of $14, when daily balance falls below $2,500. $3 discount on monthly service charge if account is enrolled in eStatement.
2) Enhanced Business Checking - $50 opening deposit required. Monthly service charge of $16 will be waived for Lockbox customers. eCorp services are included at no additional charge for Lockbox customers. eCorp services are still subject to eligibility. Online Banking is required for Mobile Banking and Mobile eDeposit. Standard text messaging rates apply.