Business Checking

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 Banking5
Bill Pay4
Mobile Banking4
24-hour Telephone Banking
Unlimited Check Writing
Check Card4
Internet Banking5
Bill Pay4
Mobile Banking4
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 and limits may apply.
4 Fees and limits may apply.  Must be 18 years of age or older to have Bill Pay. Not all Mobile Banking Services are available on all types of mobile devices. Mobile Banking and Internet Banking usage may be subject to a fee by your wireless service provider.
5 Fees may apply.  Internet Banking usage may be subject to a fee by your service provider.

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
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
How to apply Download and complete the application.  Send it to the bank.  Subject to credit approval, and fees may apply. Download the complete the application.  Send it to the bank.

 


 

Business Check Cards4

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.


 Remote Deposit4

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.