Your Local Association Banking Partner
We put our community first—including yours. That’s why we offer tailored solutions like Association Checking, Money Market accounts, with competitve rates and lockbox services—to help your association operate more efficiently and plan for what’s next.
Local expertise. Tailored solutions. Trusted by associations like yours.
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Association Banking Solutions
Explore our customized products, designed to meet the specific needs of your association and its members.
Association Money Market
Grow your reserves with one of the most competitive rates available—up to 3.74% APY1. Designed for associations ready to make the most of their funds, this account helps you build financial strength without locking your money away.
Association Checking
Simplify your day-to-day with an account built for community associations. With features like lockbox services and streamlined access to funds, managing dues and expenses has never been easier.
Association Member Advantage Checking
Give your members a reason to bank with BayFirst. With up to $200 in new account bonuses2, no minimum balance requirements, and exclusive benefits, it's a win-win for your board and your community.
Association Money Market
Earn over 5X the national average money market rate on balances of $250,000 or greater.4
Account Details:
- Minimum $1,000 to open
- $1,000 mimumum to earn interest
- No Fees*
Earn Based on Your Account Balance1:
- $250,000 and up: 3.74% APY (Annual Percentage Yield)
- $100,000 - $249,999: 3.24% APY
- $50,000 - $99,999: 2.75% APY
- $25,000 - $49,999: 2.24% APY
- $1,000 - $24,999: 1.75% APY
Addtional Account Features and Benefits:
- Free Online & Mobile Banking
*Avoid a $20 monthly service charge by maintaining a $1,000 minimum daily balance.
Association NOW Checking
Keep your association’s operations running smoothly with a dependable account designed to manage everyday operating funds with ease and confidence.
Account Details:
- Minimum $100 to open
- No monthly minimum balance
- Accrues Interest
- No Fees
Additional Account Features and Benefits:
- Free Online & Mobile Banking
- Free credit montoring tools
Association Member Advantage Checking
Give all your association members an account that features a full-suite of benefits.
Limited Time Bonus:
- Members who are new BayFirst customers will receive a $200 bonus2.
Account Details
- Minimum $100 to open
- No Fees*
Additional Account Features and Benefits:
- Free Online & Mobile Banking
- Instant-issue contactless debit card
- Access to 55,000 free Publix Presto! and Allpoint network ATMs
- ATM reimbursement up to $25 per month3
- Get paid two days early with Forward Pay
- Free credit montoring tools
Additional Products & Services
Treasury Management services and features to enhance your association banking.
Online Account Management
What’s Next for Your Association? Let’s Plan It Together.
Connect with a dedicated association banking expert who can answer your questions, understand your board’s needs, and help you open the right accounts.
Association Banking FAQs
BayFirst offers tailored banking solutions including Association Checking, Association Money Market accounts, and Association Member Advantage Checking—each designed to meet the unique needs of HOAs, condo associations, and property management groups.
Yes. BayFirst’s Association Banking solutions are available to homeowners associations (HOAs), condominium associations, and property management companies across our region.
Yes. Our Lockbox Service helps expedite the collection of check payments and provides faster updates to your association’s accounts receivable—saving time and improving cash flow management.
You can speak with a local banker, schedule a consultation, or fill out a quick inquiry form. We'll guide you through account setup and help customize the right mix of products for your association's needs.
1The Association Money Market is a tiered, interest-bearing account. The account will receive 3.74% APY (Annual Percentage Yield) on balances of $250,000 or more or 3.24% APY on balances between $100,000 and $249,999 or 2.75% APY on balances between $50,000 and $99,999 or 2.24% APY on balances between $25,000 and $49,999 or 1.75% APY on balances between $1,000 and $24,999. Minimum balance to earn interest is $1,000. Rates are variable and are subject to change at the bank’s discretion. Rates are calculated on a daily balance method. Minimum $1,000 to open. Avoid $20 monthly service charge with $1,000 minimum daily balance. Rate is effective as of 04/25/25. Fees could reduce earnings.
2To qualify for the $200 bonus, you must be a new BayFirst checking customer and qualified to open a checking account in accordance with our normal standards. Your account must remain open in order to receive the $200 bonus. You will be paid $100 as a bonus match at the end of each monthly statement cycle for up to 2 monthly statement cycles, totaling $200. BayFirst will match up to $200 for direct deposits within the first 4 months of account opening. In order to qualify for the monthly deposit match, you must receive one or more direct deposits with a cumulative total of $500 within each monthly statement cycle. This offer cannot be combined with any other offers or coupons, may change at any time, and may be withdrawn at any time. This offer applies to Association Member Advantage checking accounts only. There is a $100 minimum to open and no minimum balance required. The $200 bonus will be reported to the IRS in accordance with applicable law. Fees may reduce earnings.
3All Association Member Advantage Checking account holders will be reimbursed up to $25.00 per month for fees incurred using out-of-network ATMs. This includes up to $10 per month in foreign ATM fees imposed by BayFirst and up to $15 per month in additional surcharges imposed by the ATM’s bank or owner. Reimbursements will be made automatically at the end of each monthly statement cycle.
4Based on comparison to the national average Annual Percentage Yield (APY) on interest checking accounts as published in the FDIC National Rates and Rate Caps, accurate as of April 21, 2025.
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