PerformanceOne Interest Bearing Account

Overview

The PerformanceOne Interest Bearing Account (IBA) is a depository account that allows your credit card deposits to automatically accumulate and earn an excellent, variable interest rate. First National, through our parent company - First National Bank, is the first processor to offer such a unique and beneficial product to our customers.
First National created the IBA to enable merchants to invest the funds from their credit card deposits instead of allowing them to sit idle in a traditional account.

How an IBA is Opened

With just a phone call to First National Bank, an IBA can be opened in one of three ways:

If you currently have a depository account with First National and a balance of at least $500, the funds can simply be transferred to an IBA.
If your account balance is below $500, deposits are allowed to accumulate and then First National will transfer the funds to an IBA.
A check for $500 may be submitted.

How to Enroll for Online Access

Enroll for access
Complete the requested enrollment information.
Once you've been notified that your enrollment has been processed, you are ready to start accessing your IBA online.

Benefits of an IBA

Your credit card deposits earn interest instantaneously.
Interest rates set by First National Bank vary from month to month.
IBAs are FDIC insured up to $100,000.
Access to an IBA is easy: either by check, phone transfer or wire transfer.
You will receive monthly statements summarizing account activity and interest earned.
IBAs yield competitive interest rates that are compounded daily and credited monthly.

Open an IBA Today

The IBA offers you a way to earn interest that few other processors offer. Instead of allowing credit card deposit funds to sit idle in a traditional account, put your money to work in an IBA.

*Rates based on average daily balance. Competitive interest rates compounded monthly and credited monthly. Fees could reduce earnings. Offer good on new IBA accounts only.