American State Bank

Business Checking

SMALL BUSINESS CHECKING

A non-interest bearing checking account with check writing privileges.
Limitations:  You must deposit $100.00 to open this account.
Account Fees:  The first 100 transactions for this account are free. A monthly service charge of $15.00 will be assessed per statement cycle.

SIMPLE ANALYSIS BUSINESS CHECKING

A non-interest bearing checking account with check writing privileges.
Limitations:  You must deposit $200.00 to open this account.
 Account Fees:  This account earns credit rate to offset account fees. The maintenance fee details are: $0.30 per deposit or credit, $0.20 per withdrawal or debit & $0.75 per item deposited.
A monthly service charge of $15.00 will be assessed per statement cycle.

COMMERCIAL CHECKING

The commercial checking account is designed for the business that writes a large number of checks.
Limitations:  You must deposit $ to open this account.
 Account Fees:  This account  allows you to earn earnings credit on investable balances. An earnings credit is calculated by applying an earnings credit rate to the average monthly collected balance (less an allowance for the bank’s reserve requirement). The rate of earnings is subject to change. A total number of the monthly fees for services provided include a monthly maintenance fee plus activity fees. The earnings credit subtracted for the fees for service provided to determine the account service charge. A charge is made to the account only in the event fees for the services exceed the earnings credit. However, if the net analysis for the month results in a profit, that amount will be carried forward to subsequent months to offset and future changes.

BUSINESS INTEREST CHECKING

An interest bearing checking account with competitive interest rates and unlimited check writing privileges. Interest is compounded monthly and credited monthly.
Balance Information:  We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Limitations:  You must deposit $1,000.00 to open this account.
Account Fees:  A monthly service charge of $15.00 will be assessed per statement cycle. Minimum daily balance of $5,000.00 is required to avoid a $0.20 fee per transaction and a $0.07 fee per deposited item.

BUSINESS INVESTMENT ACCT

An interest bearing checking account with competitive interest rates and unlimited check writing privileges. Interest is compounded monthly and credited monthly.
Balance Information:  We use the average daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Limitations:  You must deposit $1,000.00 to open this account. You may make six (6) withdrawals per quarter by the following methods: automatic transfers, preauthorized payments, telephone banking and wire transfers. No more than three (3) of the six (6) limited withdrawals may be by drafts. A $2.00 fee will be assessed for each transaction exceeding these limits.
Account Fees:  Minimum daily balance of $1,000.00 is required to avoid a $10.00 service charge per statement cycle. This account allows fifteen (15) free deposits a month, $.07 per item over fifteen (15).

   
Home | Deposit Services | Loans | Location & Hours | CDs & IRAs | About Us