When you bank with us, you're not a faceless account. Our goal is to build a strong and long lasting professional relationship with you. We understand that your business and businesses like yours are the backbone of our community. We are dedicated to helping you succeed. That is why we offer highly personal service with state-of-the-art products to meet and exceed all of your business needs. We offer four types of business checking accounts depending upon your transactional and professional goals.
Business
Great account for a new business or if your transaction volume is below 200 items.
- Minimum Opening Balance : $100.00
- Minimum Balance : No minimum balance required during the statement cycle
- Monthly Statements : Check Image eStatements or mailed check image statements
- Transaction Limits : Initial 200 combined items per statement cycle at no charge. Then $0.50 fee per each item in excess of initial combined items during each statement cycle
Business Advantage
- Minimum Opening Balance : $100.00
- Minimum Balance : $5,000.00
- Monthly Service Charge : $20.00 service charge if daily balance falls below the minimum balance any day of the statement cycle
- Monthly Statements : Check Image eStatements or mailed check image statements
- Transaction Limits : Initial 400 combined items per statement cycle at no charge. Then $0.50 fee per each item in excess of initial combined items during each statement cycle
Business Analysis
With this business account earn credit to offset fees!
- Minimum Opening Balance : $100.00
- Minimum Balance : NA (No minimum balance required)
- Account Maintenance Fee : $10.00 monthly
- Checks Written : $0.10 per item
- On-us Items Deposited : $0.06 per item
- Transit Items Deposited : $0.08 per item
- Bank Administration Fee : $0.037 per item
- Monthly Statements : Check Image eStatements or mailed check image statements
- Account Benefits :
- Earn credit to offset fees. Earnings credit is based on average monthly balance, less 10% reserves, based on 90 day T-bill
- Online Banking
- iPay
- Debit Mastercard® or ATM Card
Business NOW*
- Minimum Opening Balance : $1,000.00
- Minimum Balance : $1,000.00
- Monthly Service Charge : $10.00 service charge if daily balance falls below the minimum balance any day of the statement cycle
- Monthly Statements : Check Image eStatements or mailed check image statements
- Transaction Limits : Initial 100 combined items per statement cycle at no charge. Then $0.15 fee per each item in excess of initial combined items during each statement cycle
- Interest : Interest is earned on daily balance. Each day your account maintains a minimum balance, you will earn interest as provided in your account disclosure for each statement cycle.
- Terms & Fees may change without prior notice
- Minimum balance required to avoid service charge and qualifications may apply. Account disclosures obtained when opening account contain complete account details
- See Schedule of Fees for other applicable charges
- Fees and other conditions may reduce the earnings on your account
Cash Management
Are you looking for a better way to manage your business? American State Bank has a full range of innovative tools and services that will keep your business running smoothly, securely and efficiently. Our solutions can be customized to meet your individual business needs. Get the flexibility you want and the ease-of-use you need with an American State Bank Cash Management account.
ACH Rules and Guidelines
NACHA Basic user registration (for access to user guidelines and rules)
Account Benefits Applicable to Business Checking Accounts:
Debit MasterCard®
The American State Bank Debit MasterCard® can be used anywhere MasterCard® is accepted. The sale amount is automatically deducted from your checking account with no waiting for check approval. This allows you to purchase quickly, easily, and conveniently. The Debit MasterCard® is available only to checking account customers and is the property of American State Bank.
American State Bank ATM Card
This ATM card is accepted at all American State Bank ATMs and thousands of ATMs across the nation, allowing you to use ATM machines to make cash withdrawals, balance inquiries and funds transfers. ATM withdrawals from any American State Bank ATM location or wherever you see the Pulse Select and/ or Money Pass logos are at no charge.
Internet Gambling-Federal Regulation GG
The Bank shall have the right to decline any transaction which it believes or suspects is an internet gambling transaction. The Bank may close any account of the Customer that the Bank believes was used for any internet gambling transaction.
