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.
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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:
- ACH credit => $250 per month AND minimum daily balance of $500 or more, or;
- 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;
- 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
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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
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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:
- Enroll for electronic statements and you will receive a $2 refund toward $4 monthly fee.
- 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
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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
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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 + = $0Eligibility
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
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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 + = $0More 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
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Please call us toll free at 1.888.902.2552 for assistance.
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