Torrance's newest location offers modern amenities with a personal touch. We're excited to be at 21503 Hawthorne Blvd. and are ready for you to come check us out.
- Work with onsite First Bank bankers for new account openings, loan applications and more.
- Transact with live bankers utilizing the Interactive Teller Machines (ITMs).
- Get a $100 Bonus* when you open and use a First Performance Checking account. (Use promo code SWITCH2FB.)
Not all checking accounts are over-achievers, but First Performance Checking is. With this checking account, you'll rack up interest simply by meeting a few basic monthly qualifications.
- Open a First Performance Checking account online and get a $100 Bonus* when you have a Direct Deposit of $250 or more post to your account.
- Earn interest on your entire balance with the opportunity to earn premium interest on the first $25,000.**
- Save with surcharge fee-free access to cash at over 55,000 ATMs worldwide that are in the Allpoint Network.
- Enjoy the convenience of free eBanking, Mobile Banking and eStatements.
- Use Mobile Deposit to quickly deposit checks.
- Access complimentary money orders and Cashier’s Checks.
- Use your debit card to avoid paying the $15.00 monthly maintenance fee.**
- Compare to our other Checking Products.
*Requirements for the $100 Bonus: 1) Open a First Performance Checking account online with the promo code SWITCH2FB (see image above of where to enter the promo code); 2) Bonus offer is available on a new checking relationship (meaning the person opening the account online has not been a primary owner of a First Bank checking or Money Market account in the 12 months prior to the account opening date); 3) The account must have a minimum opening deposit of $100; 4) A Direct Deposit of $250 or more must post to the account within 45 calendar days of account opening. A qualifying Direct Deposit is an Automated Clearing House (ACH) credit, which may include Company Payroll, Pensions, Retirement benefits, or Government benefits. The following deposits are not considered Direct Deposits: Account-to-Account Transfers (internal or external), merchant refunds, and money transfer or person-to-person providers (such as Zelle, People Pay, PayPal, Venmo, CashApp, PopMoney and others). Bonus offer is available through December 31, 2022. If all of the requirements have been met, and the account is open, the $100 Bonus will be credited to the account within 30 calendar days from the date the Direct Deposit of $250 or more posted to the account. Bonus will be reported as interest to the IRS. First Bank reserves the right to determine eligibility for offer, and offer may be changed or discontinued at any time without notice at First Bank’s sole discretion. This Bonus offer is limited to one per person, and it cannot be combined with any other offer.
**An account is evaluated each month on a specific Evaluation Date to determine if qualifications were met during a monthly Qualification Period; this Evaluation Date is three business days before the account’s Analysis Date (determined by the account’s analysis cycle code). The Analysis Date is typically the same as the Statement Date (unless a combined statement is utilized) and is the date interest is credited to the account. The Evaluation Date is the last day of the monthly Qualification Period which begins one business day after the previous month’s Evaluation Date, and it is similar to a lookback period. Qualifying transactions must post to the account during the monthly Qualification Period. Transactions may take one or more business days from the date of purchase to post to the account. Qualifications to earn a premium interest rate are:
- 15 or more debit card purchases; and
- A single Direct Deposit of $250 or more.
When all of the above qualifications are met and posted to the account during a monthly Qualification Period, the account is a Qualifying Account, and effective on the business day after the Evaluation Date, a premium interest rate of 3.00% will be paid on the portion of the account balance up to $25,000.00 (the APY for this tier will be 3.04%); and the portion of the account balance that is $25,000.01 or more will be paid at a lower interest rate of 0.10% (the APY for this tier will range from 3.04% to 0.10%, depending on the balance in the account); the account will be considered a Qualifying Account through the next Evaluation Date. When all of the above qualifications are not met and posted to the account during the monthly Qualification Period, the account is a Non-Qualifying Account, and effective on the business day after the Evaluation Date, a lower interest rate of 0.10% will be paid on the entire account balance (the APY will be 0.10%); the account will be considered a Non-Qualifying Account through the next Evaluation Date.
When the qualifications of five (5) or more debit card purchases are met and posted to the account during a monthly Qualification Period, the monthly maintenance fee will not be assessed on the Analysis Date following the Evaluation Date. When the qualifications of five (5) or more debit card purchases are not met and posted to the account during a monthly Qualification Period, the monthly maintenance fee will be assessed on the Analysis Date following the Evaluation Date.
Interest Rates and Annual Percentage Yields (APYs) are accurate as of 09/25/2022. First Performance Checking is a variable-rate account, and the interest rates for a Qualifying Account and a Non-Qualifying Account may change after the account is opened. $100 minimum balance to open. Fees may reduce earnings. Limit one First Performance Checking account per person.
Special Rules for New Accounts: When a new First Performance Checking account is opened, it has the status of a Qualifying Account, and effective on the account opening date, earns the premium interest rate as described above. The monthly maintenance fee is also not assessed for the first Qualification Period. During the second Qualification Period, and every Qualification Period thereafter, the account activity will be evaluated as described above to determine if a monthly maintenance fee will be assessed and if the account will retain the status of a Qualifying Account or change to the status of a Non-Qualifying Account throughout the next Qualification Period.