Banking Built for Associations

We put our community first, including yours. That’s why we offer Association Checking and Money Market accounts with competitive rates and lockbox services. Let us 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 2.95% APY1. Designed for associations ready to make the most of their funds, this account helps you build financial strength without locking your money away.

Learn More about Association Money Market

Association Checking

Simplify your day-to-day with a checking account built for community associations. With lockbox services and easy access to funds, managing dues and expenses has never been easier.

Learn More about Association Checking

Association Member Advantage Checking

Give your members a reason to bank with BayFirst. With no minimum balance requirements and exclusive benefits, it's a win-win for your board and your community.

Learn More about Association Member Advantage Checking

Association Money Market

Earn over 5X the national average money market rate on balances of $250,000 or greater.3

Account Details:
  • Minimum $1,000 to open
  • $1,000 minimum to earn interest
  • No Fees*
Earn Based on Your Account Balance1:
  • $250,000 and up: 2.95% APY (Annual Percentage Yield)
  • $100,000 - $249,999: 2.50% APY
  • $50,000 - $99,999: 2.00% APY
  • $25,000 - $49,999: 1.50% APY
  • $1,000 - $24,999: 1.01% 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 running smoothly with a reliable account that makes managing your association’s day-to-day funds simple and worry-free.

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 monitoring tools

Association Member Advantage Checking

ive your members a checking account that delivers a full suite of benefits
 
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 month2
  • Get paid two days early with Forward Pay
  • Free credit monitoring tools

More Ways to Power Your Association

Treasury management tools that make running your association easier.

Lockbox Services

ACH Origination

Online Account Management

Fraud Protection Tools

Remote Deposit Capture

Plan Your Association’s Next Move Today.

Connect with an expert who knows association banking and can guide your board to the right accounts.

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Still have questions?

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 short 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 3.20% APY (Annual Percentage Yield) on balances of $250,000 or more or 2.75% APY on balances between $100,000 and $249,999 or 2.25% APY on balances between $50,000 and $99,999 or 1.75% APY on balances between $25,000 and $49,999 or 1.24% 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 11/24/25. Fees could reduce earnings.

2All 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.

3Based 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 November 24, 2025.