First Community Bank Review: Straightforward Checking and Savings Products

Open a free checking account with no minimum balance.

First Community Bank is best for its wide range of free checking options, including an interest-earning free checking account for customers over the age of 50. If you open any new checking account and bring in your old debit cards from another bank or credit union, you can earn up to $20 in bonus cash from First Community.

First Community Bank, headquartered in Bluefield, Virginia, has over 50 branch locations across West Virginia, Virginia, North Carolina and Tennessee. Celebrating 150 years of serving the region, the bank offers straightforward checking and savings products for businesses and consumers, as well as credit cards and an easy-to-use app.

First Community Bank Checking Account

First Community offers five checking accounts, including three with no monthly service charges. All checking accounts have no minimum opening deposit and provide free access to First Community’s handy mobile app and network of nearly 50 ATMs.

• You can very easily waive the monthly fees.
• All but the Community Connect checking account provide unlimited check-writing.
• You can earn up to $20 bonus when you bring in your old debit cards.

First Community Bank Checking Account

Start Banking

Best For

Online Banking

Business Banking

Low Monthly Fees

Loan Options

Mobile App

Simple, No-Fuss Checking Accounts

For a basic checking account offering with no fancy frills or expensive fees, First Community Bank’s checking is the way to go.

Fees

$0 to $10 waivable monthly fees

APY

Rates not disclosed online

Min Opening

$0

Pros

• No monthly fees for most checking accounts
• Earn rewards and a bonus
• No minimum opening deposits

Cons

• Limited branch locations
• Fewer than 50 ATMs

Quick Take

First Community Bank offers straightforward, low-fee or no-fee checking accounts perfect for those looking for a friendly, regional bank.

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First Community Bank Savings Accounts

Unlike the wide range of checking accounts, First Community offers only one savings account with tiered interest rates, making your choice easy. The account has tiered rates based on your balance, ranging from to annual percentage yield (APY).

• There is a quarterly maintenance fee of $12, which is waived when you maintain a balance of $100.
• The interest is compounded and credited to your account quarterly.
• There are no minimum opening deposit or minimum balance requirements.
• You can withdraw funds an unlimited number of times quarterly through an ATM.

First Community Bank Savings Account

Start Banking

Best For

Online Banking

Business Banking

Low Monthly Fees

Loan Options

Mobile App

Simple, Tiered Savings Account Option

Ideal for big savers sporting a hefty $250,000 balance, this simple, multi-tiered savings account keeps things simple for customers.

Fees

$12 waivable quarterly maintenance fee

APY

Up to

Min Opening

$0

Pros

• No minimum opening deposit
• Quarterly fee is easily waived
• Can withdraw money through an ATM

Cons

• Fees for more than 6 withdrawals quarterly
• Interest rate is low compared to high-yield online savings accounts
• Variable interest rates could drop if the Fed lowers the prime rate

Quick Take

With its tiered savings account, First Community Bank is best for big savers who maintain a balance of at least $250,000 and want the convenience of having savings linked to their First Community checking.

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First Community Bank Money Market Accounts

A money market account balances high interest rates with easy accessibility to your money. The First Community Bank money market stands out with competitive interest rates for higher balances and unlimited free ATM withdrawals.

• The $10 monthly maintenance fee is easily waived by maintaining a $500 minimum balance.
• This account offers tiered interest rates from to APY.
• You’ll have access to unlimited ATM withdrawals with no fees.

First Community Money Market Account

Start Banking

Best For

Online Banking

Business Banking

Low Monthly Fees

Loan Options

Mobile App

A Steady, Secure Money Market For Modest Savings

While it might not be the highest APY option around, it’s a simple, no-frills money market for those looking to save at a steady, modest rate.

Fees

$10 waivable monthly fee

APY

to

Min Opening

$0

Pros

• Unlimited ATM withdrawals with no fees
• Interest compounded and paid monthly 
• APY on balances over $100,000

Cons

• Can find higher APYs with high-yield, online savings
• Limit of six transfers monthly
• Monthly maintenance fee

Quick Take

Unlike many money market accounts, the Community Money Market does not provide paper checks. It’s best for customers who want a secure place to save their money at a modest interest rate.

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Banking Experience

With multiple branch locations across a limited region, First Community Bank provides an easy-to-use mobile app to make banking easy. Google Play ranks 4.7 out of 5 stars while it ranks 4.8 out of 5 stars on the App Store. One reviewer wrote, “I just wanted to say how I see the employees of FCB in person and online… They are always there to help… Their commitment to excellence is 2nd to none… Their support is the best! They go above and beyond for me.” 

How Does First Community Bank Compare?

First Community Bank isn’t the right fit for everyone. Here’s a look at some of your other banking options:

Checking

Savings

SELECTED BANK

First Community Bank Checking Account

Start Banking

MOST COMPARABLE

4.6

GBR RatingGOBankingRates scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks. Read our full Editorial Guidelines here.

Chase Checking Accounts

Read Review

MOST COMPARABLE

3.7

GBR RatingGOBankingRates scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks. Read our full Editorial Guidelines here.

Truist One Checking Account

Read Review

Fees

Fees

Fees

$0 to $10 waivable monthly fees

$0 or $12, with options to waive

$12, waivable

APY

APY

APY

Rates not disclosed online

N/A

N/A

Min Opening

Min Opening

Min Opening

$0

$0

$50

SELECTED BANK

First Community Bank Savings Account

Start Banking

MOST COMPARABLE

Chase Savings Accounts

Read Review

MOST COMPARABLE

Truist Bank Savings Accounts

Read Review

Fees

Fees

Fees

$12 waivable quarterly maintenance fee

$5 monthly, waivable

$5, waivable

APY

APY

APY

Up to

Min Opening

Min Opening

Min Opening

$0

$0

$25 to $50

First Community vs. Virginia National Bank

Virginia National Bank offers three choices in checking accounts and a few varieties of savings and money market accounts. Virginia National Bank’s senior savings begins at 60 years of age and has a monthly fee for balances below $500. On the other hand, Community’s senior checking has no monthly fee and is for anyone aged 50+. Virginia National Bank covers a smaller footprint than First Community and has just over a dozen offices across the state. 

First Community vs. M&T Bank

M&T Bank serves customers in Virginia and West Virginia, as well as across the Northeast U.S. The bank has more than 800 branches and a wide ATM network, making it better for people who travel outside their home region frequently. M&T Bank offers three savings accounts, including one designed for children under 18. But you can find higher yields with First Community Bank. 

First Community Bank vs. Chase Bank

As the largest bank in the U.S. based on assets, Chase Bank is a solid choice for anyone looking for multiple branches, a vast ATM network and a user-friendly mobile app. However, First Community Banks wins out for interest-earning checking, no-fee checking and interest rates over 1% for savings. 

Final Take 

First Community Bank is best for people in Virginia, West Virginia and parts of North Carolina and Tennessee who want friendly local service, and fee-free checking options. Adults over 50 will especially like the no-fee, interest-earning checking account designed with their needs in mind.

Rudri Patel contributed to the reporting for this article.

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 8, 2025.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

To discover the Best Banks by state, GOBankingRates analyzed the top institutions (excluding online banks and neobanks) by state branch locations. To determine rankings, GOBankingRates looked at the following factors: (1) total assets as sourced from the FDIC; (2) checking product minimum deposit; (3) monthly checking fee ratio (percentage of the minimum to avoid fees compared to the monthly fee itself); (4) savings product minimum deposit; (5) savings product APY; (6) Bauer rating (out of 5 stars); (7) products/services offered (auto loans, mortgage loans, credit cards, investment services and insurance); and (8) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1), (2) and (4) were weighed 0.5 times, factor (5) was weighed 2.5 times and factor (7) was weighed 1.5 times. All products and offerings had to be available as of Oct. 4, 2025, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 8, 2025.

To qualify as one of the Best Banks in the state, the institution needed at least five branch locations in the respective state, with some exceptions for larger and/or smaller states.

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