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Overdraft Protection

NOTICE EFFECTIVE 07/01/2011 Change in Payment Order: We will pay electronic items first and then checks in serial number order. We reserve the right to change the order if we suspect fraud or illegal activity affecting your account.

ABC Bank understands that at times, unanticipated expenses or unforeseen problems can leave you with too little cash in your checking account. Having a check returned due to insufficient funds can be a costly, inconvenient and potentially embarrassing experience. The best way to avoid overdrafts and fees is to keep track of your account balance by entering all items in your check register, reconcile your checkbook regularly and manage your finances responsibly. However, if a mistake occurs, American Bank of Commerce offers ways to cover overdrafts including Sweep Accounts and CREDITadvantage.
 

 SWEEP ACCOUNTS

Sweep Accounts are two or more accounts linked to each other that in the event an overdraft occurs, will transfer money from one account to the other (“sweep”) to cover the overdraft. Sufficient funds must be available in the "transfer from" account for the sweep to occur. A transfer fee may apply. For information on how to set up sweep accounts, please contact a new account representative at one of our convenient ABC Banking Centers.  

 
 CREDIT ADVANTAGE

When approved you will have availability to a revolving credit line which can be accessed at your convenience. CREDITadvantage from American Bank of Commerce is a better way to have the money for what you need when you need it. CREDITadvantage is a personal line of credit through which you may qualify for as much as $25,000 at a variable rate of interest above the Wall Street Journal Prime Lending Rate. Click here for more information about CREDITadvantage.   

Applying for CREDITadvantage is as easy as applying for a credit card, maybe easier. Since we are locally owned, our decision-makers are here providing you with quality and efficient service. To apply, please contact a new account representative at one of our convenient ABC Banking Centers or your account Officer.