Business Checking
Business Freedom Checking
- FREE for the first 3 years (no service or maintenance fees)
- $100 credit towards your first business check order
- Unlimited transactions per month
- $0.00 minimum balance
- Debit card available
- Free online account access
- Free online bill payment
- Free online check image
- PLUS free checking for your employees*
This offer is for new Business Freedom Checking Accounts only. ASB reserves the right to withdraw this offer at any time. This offer cannot be combined with any other offer.
*Free checking for employees is ASB Ideal Checking, no service fee for the first year. After one year from account opening date, if the daily balance drops below $50 during the statement cycle, a $10 service fee will be imposed.
Commercial Checking
- Offered to sole proprietors, partnerships and corporations
- Minimum deposit to open $100.
- Check images are returned in monthly statement
- Account monthly fee schedule:
| Average Balance | Credit |
|---|---|
| The earnings credit reduces and sometimes eliminates the monthly service fees which are determined by the account activity as outlined below. | |
| $0 - $499 | $0 |
| $500 and over | The lesser of the 3 month Treasury Bill Rate less one half of one percent, or a maximum of four percent |
| Activity | Fee Per Item |
|---|---|
| Service charge is incurred only when the activity charge exceeds the earnings credit for that month | |
| Monthly Maintenance Statement | $10.00 |
| Check Paid | $0.15 |
| Deposit Ticket | $0.25 |
| Each Item Deposited | $0.10 |
Business Advantage
- Offered to sole proprietors, partnerships and corporations
- Designed for small businesses with limited transactions - provided the benefits of traditional commercial checking without the traditional fee schedule
- Minimum deposit to open $50
- Monthly Service Fee:
- Minimum Daily Balance Fee:
$1 to $999 = $15
$1,000 or more = $0 - Deposit Tickets & Checks Paid:
1-49 = No Fee
50 or more = $0.15 each item
- Deposited Items:
1-99 = No Fee
100 or more = $0.15 each item
- Minimum Daily Balance Fee:
Business NOW
- Available to sole proprietorship and qualifying non-profit organizations
- Interest rate is paid on collected balances, providing a $1,000. minimum balance is maintained in the account
- A monthly service fee of $10 is assessed if the balance falls below $1,000.
- Tiered interest rates based on account balance
- Check Images are received with the monthly statement
- No fee Online Banking including the ability to view check images and a MasterMoney Business Debit Card are available with this account
