Business Checking

 

Free Checking

BusinessPlus Checking
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 monthly
Interest earned on collected balance minus reserve requirement. 
Earnings credit will be used to offset fees
Overdraft Protection Automatic transfer or line of credit* Automatic transfer or line of credit*
Statement Options Free image statements
Free online statements
Free E-Statements
 Free image statements
Free online statements
Free E-Statements
Other Account Benefits Free Check Card*
Free Internet Banking
Free Bill Pay
Free 24-hour Telephone Banking
Unlimited Check Writing		 Free Check Card*
Free Internet Banking
Free Bill Pay
Free 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

*  Subject to credit approval.  Overdraft options are subject to fees.

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 An automatic transfer from your checking or savings account to cover items (checks or charges) that overdraw your account
Cost $5 per transfer plus principal and interest Free
Limits Limited to remaining unused credit amount and subject to qualification Must have a checking or savings account with State Bank of Alcester

 

Business Check Cards

You can get up to 20 free 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 

 Remote Deposit

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.

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.