|
|
Free Checking |
BusinessPlus Checking1 |
| Minimum Balance | No mimimum balance | No minimum balance |
| Monthly Service Fee | No monthly service fee | $5 monthly service fee or waived with e-statements |
| Activity Fees | None | Checks written $.10 each ATM debits $.10 each Deposited on us items $.025 each Deposited out of town items $.06 each |
| Interest | None | Compounded monthly2 Earnings credit will be used to offset fees |
| Overdraft Protection | Automatic transfer or line of credit3 | Automatic transfer or line of credit3 |
| Statement Options | Image statements Online statements E-Statements |
Image statements Online statements E-Statements |
| Other Account Benefits | Check Card4 Internet Banking4 Bill Pay 24-hour Telephone Banking Unlimited Check Writing |
Check Card4 Internet Banking4 Bill Pay 24-hour Telephone Banking Unlimited Check Writing |
| How to Apply | Visit the Bank Call (605) 934-2500 Apply Online |
Visit the Bank Call (605) 934-2500 Apply Online |
1 On BusinessPlus account, Monthly Service Fee and Activity Fees may be waived for accounts with a Previous Year Average Available Balance greater than $50,000. Fees may reduce earnings.
2 Fees may reduce earnings.
3 Subject to credit approval and fees may apply.
4 Fees may apply.
Overdraft Protection Options
| Convenience Line | Automatic Transfer | |
| What is it? | A line of credit that advances funds to cover items (checks or charges) that overdraw your account Download PDF Brochure Disclosures |
An automatic transfer from your checking or savings account to cover items (checks or charges) that overdraw your account |
| Limits | Limited to remaining unused credit amount, subject to credit approval and fees may apply. | Must have a checking or savings account with State Bank of Alcester |
You can get up to 20 business check cards for your business. Using these is a great way for your employees to access funds during business trips and for business purchases. You can control their spending by setting a different point-of-sale and cash limit for each employee. Plus, you’ll enjoy
- Zero liability on signature-based transactions
- Enrollment in the MasterCoverage Liability Protection Program, which protects your business from employee misuse of the card
- Purchase protection
- Extended warranty
- Travel assistance
- Your business name AND the employee’s name on each card
4 Fees may apply.
If you have no time to run to the bank or the bank is too far away to make a daily deposit, you can use our remote deposit system.
You just scan the checks you’d like to deposit and a deposit slip using a scanner, which you can purchase from us. Then you can send your deposit electronically to us. Your funds are automatically credited to your account upon receipt.
4 Fees may apply.
Product descriptions herein do not take the place of required disclosures under federal and state regulations. Please contact us for disclosures appropriate to these accounts.