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Top Five Reasons to Offer Employees First@Work

Running A Business 4 min read
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Did you know that 78% of Americans live paycheck to paycheck? And only 40% of Americans have sufficient savings to cover a financial emergency of $1000 or more? Imagine the stress that money issues like those might cause, and what that stress can do to employee productivity. According to a study by the American Institute of Stress of over 800,000 workers in over 300 companies, the number of employees calling in sick tripled in a four-year period and an estimated 1 million workers are absent every day due to stress.

It doesn’t have to be that way. In order to help alleviate some of that stress, First Bank offers businesses a financial wellness program called First@Work. This program provides them with education and an exclusive suite of products, discounts, and unique services.

The top 5 reasons you should offer your employees a First@Work account:

  1. It costs you nothing, and you can include it in your list of benefits for your employees.
  2. A Focus on Financial Wellness that includes:
    • Online Courses: Free online courses empower employees with the knowledge they need to make smart financial choices.
    • In-Person Seminars: Live workplace workshops inform and educate your team at your location.
    • MyMoney tool: Free personal financial management tool helps employees manage their money in real time.
  3. It includes no hassle checking and savings accounts:
    • No fee checking with direct deposit1
    • No fee savings with monthly $10 auto transfer
    • No First Bank fees at out-of-network ATM and other bank fee rebates up to $15.00 per month
    • 1 free overdraft per year
    • Digital banking and mobile banking app with check deposit
  4. World-Class Protection
    • IDProtect® – Identity Theft Monitoring and Resolution service2 that includes:
      • Credit file monitoring3
      • Up to $10,000 ID theft expense reimbursement4
      • And more!
    • Cell phone protection4
  5. Convenience
    • More than 100 branch locations across the Carolinas
    • No First Bank fees at out-of-network ATMs plus with our ATM fee rebates we will refund up to $15/month of fees charged by other ATM owners5
    • Free digital banking and free mobile app with check deposit and Zelle®6

Ready to Get Started?

Sign up for a free consultation or visit your local First Bank branch!

 

  1. Avoid the $20 monthly maintenance fee by receiving a direct deposit of any amount during the statement cycle. Direct deposit defined as external ACH credit. Transfers from other First Bank accounts or deposits made at a branch do not apply.
  2. IDProtect service is a personal identity theft protection service available to account owner(s) and their joint account holders. The service is available to non-publicly traded businesses and their business owner(s) listed on the account (service not available to employees or authorized signers who are not owners). For revocable grantor trusts, the service is available only when a grantor is serving as a trustee and covers the grantor trustee(s). For all other fiduciary accounts, the service covers the beneficiary, who must be the primary member (Fiduciary is not covered). Service is not available to a “signer” on the account who is not an account owner. Service is not available to clubs, organizations and/or churches and their members, schools and their employees/students. Some benefits of IDProtect require registration/activation.
  3. Credit file monitoring may take several days to begin following activation.
  4. Special Program Notes: The descriptions herein are summaries only and do not include all terms, conditions and exclusions of the Benefits described. Please refer to the actual Guide to Benefit and/or insurance documents for complete details of coverage and exclusions. Coverage is offered through the company named in the Guide to Benefit or on the insurance document. Insurance Products are not insured by the FDIC or any Federal Government Agency; not a deposit of or guaranteed by the bank or any bank affiliate.
  5. Out of network terminal owners may charge a service fee, but you’re entitled to a refund of $15 of foreign ATM fees each statement cycle.
  6. While First Bank does not charge for mobile banking, your mobile carrier’s message and data rates may apply.

*These benefits are available with First@Work checking.

Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

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