Business Checking

The accounts you need. The perks you’ll tell your co-workers about.

Whether you’re a one-man show or a hundred-man show, we have the accounts you need for your business. And since we prefer partnerships to account numbers, we’ll help you find the one that’s right for you.

All accounts also include:

Overdraft Protection
  • An account that is maintained in good standing and open for at least 60 days may be eligible for the $1000 overdraft protection for business accounts.
  • Overdrafts may be created by check or in-person withdrawals, and withdrawals made at ATMs or other electronic means. The overdraft protection program may be accessed for overdrafts created by check or in-person withdrawal and fees are charged regardless of whether the item is paid or returned.
  • American State Bank is not obligated to pay any item presented for payment if your account does not contain sufficient available funds or if your account is not maintained in good standing; defined as:
    1. Bringing your account balance to a positive balance within every thirty (30) day period;
    2. You are not in default on any loan or other obligation to American State Bank;
    3. You are not subject to any legal or administrative order or levy;
    4. You are not in violation of any provision of any agreement with us;
    5. You have not died;
    6. You have not filed for bankruptcy or other insolvency relief; nor has an involuntary petition under the provisions of Federal Bankruptcy Act been filed against you, or
    7. You have not had an excessive number of overdrafts on your account.

The following fees apply to any transaction that may overdraw your business checking account(s):

  • NSF Paid Item Fee…$28 per item
  • NSF Returned Item Fee…$28 per item
  • Business Overdraft Fee…$2 per business day