Online Savings Frequently Asked Questions
We are an FDIC-chartered bank with headquarters in Irvine, CA. Founded in 2007, we have been providing banking services to the builders and investors in our communities.
From relationship banking to real estate financing, First Foundation Bank is there at every stage and at each moment you need us—and even when you don’t. Sophisticated solutions with personal service, we’re helping you live and share the life you’ve dreamed of.
First Foundation is an extraordinary team of professionals united around a single cause: to enable growth-minded individuals and businesses to boldly live the life they imagined and preserve the legacy they’ve worked so hard to build—knowing we have their backs at every moment, especially the ones that matter.
First Foundation Bank. With you, when it matters most. To learn more about all that we offer, please visit firstfoundationinc.com.
Yes. First Foundation Bank is an FDIC member, which means that funds deposited in your First Foundation Bank online savings accounts are insured up to the maximum allowed by law.
The FDIC insures deposits according to ownership category (such as individual, joint, or accounts with beneficiaries). The current maximums are $250,000 in all your individual accounts combined, $250,000 per owner in all your jointly-owned accounts, and $250,000 in all the accounts where you are a named beneficiary.
Our customers are not required to apply for or request coverage. However, to ensure your funds are fully protected, it’s important to understand your deposit insurance limits.
To determine how much insurance is applicable to your accounts at First Foundation Bank and for any other FDIC insurance requirements that may apply, please visit the FDIC website at www.fdic.gov or call the FDIC directly at 1-877-ASK-FDIC (1-877-275-3342).
At its website, the FDIC provides consumers with the Deposit Insurance Summary guide, the comprehensive Your Insured Deposits guide, and the Electronic Deposit Insurance Estimator (EDIE), an online tool you can use to calculate your actual FDIC insurance coverage. You can find the EDIE calculator at www.fdic.gov/edie.
Yes, First Foundation has 20 branch office locations across Southern California, Northern California, Hawaii, and Nevada. Once you have opened an online savings account—and if you are in proximity to any of our 20 locations—you may visit any of these branches for additional support. To see if there is a location near you, please visit: https://www.firstfoundationinc.com/find-location
We do not assess service charges or transaction fees for transfers to or from Online Savings accounts. However, your external bank or third party may charge a fee.
Once your account has been opened and funded, navigate to firstfoundationinc.com. Click the green Sign In button in the top right of our homepage and then “Enroll Now” under “Personal Banking.” Alternatively, you can enroll on the homepage of our mobile app by selecting “First Time User? Enroll Now.”
Fill out all the requested information and then click “Begin enrollment.” You will be presented with questions from your public record to verify your identity. Once these have been successfully answered, accept the terms and conditions, establish your username and password, and set up your challenge questions and answers.
There are three ways to deposit money into your First Foundation Online Savings Account:
1. Use the check deposit feature in the First Foundation Bank Mobile app.
2. Transfer funds from an external account in your online banking or mobile app.
3. Visit any of our 20 branch locations.
All online savings accounts are automatically enrolled in paperless statements. You can access your paperless statement by logging into your account by using the Sign In button at the top right of our homepage, https://www.firstfoundationinc.com/
Six preauthorized withdrawals/transfers or checks are allowed per statement cycle. Transactions exceeding those allowable per statement cycle are subject to excess withdrawal fees.
When funding your account, there is no limit. From there, online transfers are currently limited to $5,000 per day and $10,000 per month.
I am already a client of First Foundation Bank, what do I need to know about the online savings account?
Existing clients can open an online savings account through our 5-step account opening process available online. Please note that this account can only be opened online and funds from existing accounts with First Foundation Bank do not qualify for the published rate of the Online Savings Account. If you have a current savings account with First Foundation Bank and you open an account online, you will receive consolidated statements for each of your First Foundation Bank savings accounts.