Personal Checking

American Bank of Commerce knows that your personal checking account is the hub for almost every day-to-day transaction you make. As a result, you need a checking account that is convenient and flexible, one that works seamless with your needs. We offer checking account options, customized with you in mind:  Cash Rewards Checking and now available Cash Rewards Checking for Students, Assurance Checking, Senior Checking, Now Checking, and Money Market.

• Cash Rewards Checking

  Account Description & Benefits

  ABC’s most popular account. Enjoy the benefits of cash back rewards when you use your ABC Bank debit card! Cash rewards earned as outlined below:

  • 5 cent rebate earned on each PIN based transaction
  • 10 cent rebate earned on each signature based and preauthorized transaction

  Interest Bearing - Minimum Daily Balance required to obtain the annual percentage yield

  No

  Service Charges

  $8 per month which can be waived if any ONE of the three conditions below are met:

  1. ACH credit => $250 per month AND minimum daily balance of $500 or more, or;
  2. 20 or more debit card transactions per month (includes PIN, signature based and preauthorized transactions but does not include ATM transactions) AND enroll for electronic statements, or;
  3. Minimum daily balance of $50,000 or greater during monthly statement period.

  Eligibility

  Individuals

  Minimum Opening Deposit

  $50

  Transaction Limitation

  Unlimited

  ATM/Debit Card

  Yes - additional fees may apply, a full fee schedule is available at any branch

• CASH REWARDS STUDENT CHECKING

  Account Description & Benefits

  Students will enjoy the benefits of no monthly service charge fee and cash back rewards when using an ABC Bank debit card! Cash rewards earned as outlined below:

  • 5 cent rebate earned on each PIN based transaction
  • 10 cent rebate earned on each signature based and preauthorized transaction

  Interest Bearing - Minimum Daily Balance required to obtain the annual percentage yield

  No

  Service Charges

  No monthly service charge for a period of 5 years when eligibility requirements are met.

  Eligibility

  Individuals with proof of enrollment in a high school or college university or vocational program. Individuals under the age of 18 require a parent or legal guardian to be a co-owner on the account.

  Minimum Opening Deposit

  $50

  Transaction Limitation

  Unlimited

  ATM/Debit Card

  Yes - additional fees may apply, a full fee schedule is available at any branch

• ASSURANCE CHECKING

  Account Description & Benefits

  A basic checking account with a low monthly service fee and no minimum balance requirement that also encourages monthly savings. Smart banking for smart people.

  Interest Bearing - Minimum Daily Balance required to obtain the annual percentage yield

  No

  Service Charges

  $4 per month which can be waived partially or even 100% if the two conditions below are met each month:

  1. Enroll for electronic statements and you will receive a $2 refund toward $4 monthly fee.
  2. Open a savings account and set up a monthly AFT (Automated Funds Transfer) for any dollar amount and receive a $2 refund toward $4 monthly fee.

  Eligibility

  Individuals

  Minimum Opening Deposit

  $50

  Transaction Limitation

  Unlimited

  ATM/Debit Card

  Yes - additional fees may apply, a full fee schedule is available at any branch

• SENIOR CHECKING

  Account Description & Benefits

  For customers 62+

  • Complimentary ABC Wallet Stock Checks
  • $5.00 Annual Discount on Safe Deposit Box Rental (Safe Deposit Box not Member FDIC insured)

  Interest Bearing - Minimum Daily Balance required to obtain the annual percentage yield

  No

  Service Charges

  None

  Eligibility

  Individuals 62+

  Minimum Opening Deposit

  $50

  Transaction Limitation

  Unlimited

  ATM/Debit Card

  Yes - additional fees may apply, a full fee schedule is available at any branch

• NOW CHECKING

  Account Description & Benefits

  An interest bearing account with the ability to write checks.

  Interest Bearing - Minimum Daily Balance required to obtain the annual percentage yield

  Yes

  Service Charges

  Daily balance during statement cycle determines service charge:

  $0 - $999.99 = $10.00
  $1,000 + = $0

  Eligibility

  Individuals and Sole Proprietors Only

  Minimum Opening Deposit

  $1,000

  Transaction Limitation

  Unlimited

  ATM/Debit Card

  Yes - additional fees may apply, a full fee schedule is available at any branch

• MONEY MARKET CHECKING

  Account Description & Benefits

  Savings account with limited check writing privileges.

  Interest Bearing - Minimum Daily Balance required to obtain the annual percentage yield

  Yes

  Service Charges

  Daily balance during statement cycle determines service charge:

  $0 - $1,499.99 = $10.00
  $1,500 + = $0

  More than 6 transfers, withdrawals or checks per month = $15 service fee per item

  Eligibility

  Individuals or Business

  Minimum Opening Deposit

  $1,500

  Transaction Limitation

  6 transfers or withdrawals per month by check, debit card or similar order payable to a third party

  ATM/Debit Card

  ATM Only - additional fees may apply, a full fee schedule is available at any branch