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Banking Solutions for Your Business

At American State Bank, we offer a variety of business accounts designed to meet the needs of businesses of various sizes and transaction volumes. These specialized services let you manage and monitor funds easily, efficiently and securely:

Non-Interest Bearing Accounts
Account Minimum
Opening Deposit
Monthy
Maintenance Fee
Per Item Fee Other
Small Business Checking $100Balance* above $2,500: $0
Balance* below $2,500: $10
.25 cents per item*** after 150 (per stmt. cycle)Paper Statement fee of $3 - Waived only if enrolled in e-statements
Regular Business Checking $100Balance* above $5,000: $0
Balance* below $5,000: $10
.15 cents per item*** after 250 (per stmt. cycle)Paper Statement fee of $3 - Waived only if enrolled in e-statements
Business Checking Analysis Account $100$10.10 cents per item***

Earnings credit is .35% (subject to change at our discretion)

Paper Statement fee of $3 - Waived only if enrolled in e-statements

 

Interest Bearing Accounts
Account Minimum
Opening Deposit
Monthly
Maintenance Fee
Per Item Fee Other
Business NOW $100

Balance above $10,000: $0

Balance below $10,000: $10

.25 cents per item*** after 150 (per stmt. cycle)

A miminum daily collected balance of $10,000 is required to earn interest

Paper Statement fee of $3 - waived only if enrolled in e-statements

Money Market $100

Balance above $2,500: $0

Balance below $2,500: $10

$10 for each withdrawal over 6 (per month)

A miminum daily collected balance of $2,500 is required to earn interest

Paper Statement fee of $3 - waived only if enrolled in e-statements

Regulations limit all Money Market accounts to 6 preauthorized withdrawals per month

* Average Monthly Balance
*** Items include checks written and checks deposited, but not Electronic.

Important Information About Opening a Legal Entity Account

Section 326 of the USA Patriot Act requires all financial institutions to obtain, verify and record information that identifies each person who opens or makes changes to an account for a covered legal entity. New rules under the Bank Secrecy Act will aid the government in the fight against crimes to evade financial measures designed to combat terrorism and other national security threats. Each time an account is opened for a covered legal entity, we are required to ask you for identifying information which includes – Name, Address, Date of Birth, Social Security Number and Identification Documents for:

• Each individual that has beneficial ownership (25% or more) in the legal entity; and

• One individual that has significant managerial responsibility for the legal entity.

All accounts and certificates of deposit are subject to the bank's Deposit Account Agreement and Disclosure in effect. There may be additional charges and fees for services, as set forth in our Schedule of Service Charges and Fees.