First Federal Bank
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First Federal Bank

The Finest Traditions of Community Banking

 First Federal Bank is located in Fort Payne, Rainsville and Ider. And provides a variety of services for our customers. Our website will help you make an informed decision on the product choices we offer. You may call or stop by and talk to our friendly and courteous staff to obtain greater details on any of the services offered.

Click on the Online Banking link above to register for our new, updated Free Online Banking and Bill Pay service. If you are a new user to First Federal Bank's Online Banking you must contact the bank to activate your account. 
Whether you seek:
Checking Accounts, ATM/Debit Cards, Telephone Banking, Internet Banking, Short Term Certificates of Deposit, Long Term Certificates of Deposit, Retirement Plans, Real Estate Loans, Consumer Loans or just plain advice, First Federal Bank has it all.


Online Banking

At First Federal Bank improving Online Security is a top Priority. If you use online banking, you will be interested to learn that six federal financial industry regulators recently teamed up to make your account more secure. Internet fraudsters have become more sophisticated, making a simple password inadequate for some online transactions.

Online security begins with the authentication process, used to confirm that it is you and not someone who has stolen your identity. Authentication generally involves one or more factors:

  • Something the user knows (e.g., password, PIN)
  • Something the user has (e.g., ATM card, smart card)
  • Something the user is (e.g., biometric chacteristic, such as a fingerprint)

To assure your continued security online, First Federal Bank may use both single and multi-factor authentication, as well as additional "layered security" measures when appropriate.

New Rules Affecting Your Ability to Withdraw Funds

We normally make funds from checks you deposit to your account available to you on the next business day after the day we received your deposits. In some cases, we may not make all of the funds that you deposit by check available to you on the first business day after the day of deposit. Depending on the type of check that you deposit, funds may not be availabe until the fifth business day after the day of your deposit. In compliance with new banking rules, the first $200 of your deposits, howerver, may be available on the first business day after the day of deposit effective on and after July 21, 2011.




By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, cisit



Overdraft Service Changes - What You Need To Know

New Federal Banking Rules Impacting ATM and Everyday Debit Card Transactions

Due to recent changes to Federal regulations, all banks must obtain customer consent before applying overdraft fees on ATM and everyday debit card transactions on consumer accounts.

Previously, when an ATM or debit card transaction exceeded the account balance, the bank would authorize the item to be paid and charge an overdraft fee to the account.  As of August 15, 2010, new regulatory changes require First Federal Bank to obtain customer consent to Opt In for overdraft services before applying overdraft fees to the account for ATM or one-time debit card transactions.  These new changes do not affect transactions using checks or recurring electronic withdrawals and do not affect business accounts.

Understanding the Changes - You Have a Choice!

It's important to understand how these changes will affect you and your accounts.  The new regulations give you a choice to Opt In or Opt Out for overdraft services for ATM and everday debit card transactions.  Opt In - You agree to overdraft service for ATM or everyday debit card transactions.  Transactions that exceed the account balance may be approved and paid by the bank, and you will be charged an overdraft fee of $25.00 for each item paid.

Opt Out - You decline overdraft services for ATM or everyday debit card transactions.  Any ATM or everyday debit card transaction that would exceed your current available account balance will be declined and you will not be charged an ovedraft fee.

Change Your Preference Any Time - You may change your decision to Opt In or Opt Out at any time by notifying the Bank; however, your request is not instantaneous.  Overdraft preferences will go into effect at least two business days after the request is received.

Please read about our standard overdraft practices before making your choice and completing the Opt In or Opt Out form.


What are the standard overdraft practices that come with my account?

We do authorize and pay overdrafts for the following types of transactions:

  •  Checks and other transactions made using your checking account number
  •  Automatic bill payments

After August 15, 2010 we will not authorize and pay overdrafts for the following types of transactions usless you ask us to (see below):

  • ATM transactions
  • Everyday debit card transactions

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.

If we do not authorize and pay an overdraft, your transaction will be declined.

What fees will I be charged if First Federal Bank pays my overdraft?

Under our standard overdraft practices:

  • We will charge you a fee of up to $25 each time we pay an overdraft
  • There is no limit on the total fees we can charge you for overdrawing your account.

Response Required to Continue Overdraft Service for ATM and Everyday Debit Card Transactions

If you would like us to continue to pay ATM or everyday debit card transactions that would exceed your account balance, we must receive notification from you by August 13, 2010.  If we do not hear from you, we will assume you are choosing to Opt Out.

First Federal Bank is providing various methods to make it as easy as possible for you to Opt In or Opt Out.  It's your choice!  You can Opt In or Opt Out by calling Customer Service at 256-845-1077, or by visiting any First Federal Bank office.  Customers affected by these changes will also receive a mailing that will include an Opt In-Opt Out form that can be mailed, dropped by any First Federal Bank office or faxed to 256-845-1152.

If we have not received your response by August 13, 2010, we will assume that you wish to Opt Out of overdraft services for ATM and everyday debit card transactions.


Important Information for Debit Card Users

Visa Debit Card Disclosure

Effective January 1, 2009

Your Visa check card also allows you to conduct transactions on the PULSE debit network, which will generally require you to enter your PIN. Some merchants are authorized to accept non-VISA debit transactions without requiring you to enter your PIN. If you choose to sign to authorize a debit transaction, the transaction will be routed as a Visa tranaction. Provisions of our cardholder agreement that specifically relate to Visa transactions are inapplicable to non-Visa debit transactions.

In performing transactions you may prefer to initiate a VISA transaction instead of a PIN less debit. Examples of tranactions that could be processed either way may include but are not limited to: insurance premiums, utility payments, health care charges, and/or internet based tranactions. Please be aware that non-VISA processed tranactions are not subject to certain protections and rights applicable only on Visa Debit Card tranactions such as charge back rights or zero liability.

Please call 1-256-845-1077 and ask for bookkeeping if you have questions pertaining to this disclosure.

Federal Deposit Insurance Corporation (FDIC) has increased it's coverage to $250,000.00 permanent with the recent enactment of the Dodd-Frank Wall Street Reform Consumer Protection Act.

Additional information about FDIC's deposit insurance coverage can be obtained through use of the FDIC's web site ( under the tab "Are My Deposits Insured", or by calling the FDIC at 1-877-275-3342.

First Federal Bank Participating in the FDIC's Tranaction Account Guarantee Program

"First Federal Bank is participating in the FDIC's Tranaction Account Guarantee Program. Under that program, through December 31, 2012, all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount of the account. Coverage under the Tranasction Account Guarantee Program is in addition to and seprate from the coverage available under the FDIC's general deposit insurance rules."

There are a steadily increasing number of scams designed to deceive individuals into disclosing personal information. Never respond to any unsolicited request either by telephone, e-mail, mail, in-person or any other manner for your credit card information, bank account information, social security numbers, passwords or any other sensitive information. If you believe a caller to be legitimate get their name and call them back at a number you look up for the business. Never use one they give you and never contact anyone back that you have not already done business with the in past no matter how good the deal sounds.

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