
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
- Cash management account
- Enhanced business checking
- Insured Cash Sweep (ICS)
- Condo reserve funding

Comprehensive HOA and COA Banking Solutions
Cash Management Account1
- Tiered interest rates
- Online banking
- Earns interest on all daily balances2
- Up to six transfers per month
Enhanced Business Checking3
- 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
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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
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"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."
1) Cash Management: $50 minimum opening deposit required. $14 per month service charge. First Federal Bank checking account required. Up to 6 transfers per month allowed by telephone, preauthorized transfer or other order by the customer. $10 charge per withdrawal over 6 per month. Fees may reduce earnings.
2) The interest rate and annual percentage yield (APY) may change after account opening. The interest begins to accrue on the business day we receive credit for the deposit of non-cash items. Interest is
compounded daily and credited monthly, excluding Statement Savings and Student Savers which are credited quarterly. Please see the Checking and Savings Rate Chart for additional information.