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Saving at American Bank & Trust

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You've got a plan for the future, and we've got a plan for you. No matter what you're
saving for, we have the perfect savings plan to match your needs.

Commercial Checking

 

Current Commercial Deposit Rates

Please select the most convenient location for you:

 

Quad Cities, Iowa and Illinois

Chicago Land, Illinois

 

Current CDARS® Rates

 

Please select the most convenient location for you:

 

Quad Cities, Illinois and Iowa

Chicago Land, Illinois

 

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Business Analysis Checking Account

A cost effective checking account to meet your business banking needs.

 

Available to non-profits, municipalities, corporations and sole proprietorships.

 

Quad City, IA/IL Business Analysis Checking Account Pricing (including Business Now Account Relationships)

Transaction Description

 

Fee

MONTHLY ACCOUNT MAINTENANCE FEE  

$17.50

PER DEPOSIT TICKET PROCESSED  

$0.40

PER ON-US ITEM DEPOSITED  

$0.10

PER TRANSIT ITEM DEPOSITED (LOCAL BANK)  

$0.13

PER TRANSIT ITEM DEPOSITED (NON LOCAL BANK)  

$0.13

PER PAPER CHECK (DEBIT) PAID  

$0.20

PER ACH DEBIT PAID  

$0.15

PER ACH CREDIT  

$0.15

UNCOLLECTED FUNDS RATE  

Wall Street Journal Prime + 2.00%

RETURN DEPOSITED ITEM FEE  

$10.00

EARNINGS CREDIT RATE  

0.15%

 

 

Kane County, IL Business Analysis Checking Account Pricing (including Business Now Account Relationships)

Transaction Description

 

Fee

MONTHLY ACCOUNT MAINTENANCE FEE  

$25.00

PER DEPOSIT TICKET PROCESSED  

$0.65

PER ON-US ITEM DEPOSITED  

$0.12

PER TRANSIT ITEM DEPOSITED (LOCAL BANK)  

$0.15

PER TRANSIT ITEM DEPOSITED (NON LOCAL BANK)  

$0.15

PER PAPER CHECK (DEBIT) PAID  

$0.22

PER ACH DEBIT PAID  

$0.15

PER ACH CREDIT  

$0.15

UNCOLLECTED FUNDS RATE  

Wall Street Journal Prime + 4.00%

RETURN DEPOSITED ITEM FEE  

$10.00

EARNINGS CREDIT RATE  

0.15%

 

The Uncollected Funds Rate will be calculated and charged to the account monthly without the benefit of the Earnings Credit Rate.

 

The Earnings Credit Rate will be subject to change monthly. It will be established by the Bank’s Asset / Liability Committee based on a review of the following variables: the current 91-day U.S. Treasury Bill interest rate, the Bank’s current cost of funds, and a market evaluation of similar services.

 

Business Electronic Banking (BeB) / Cash Management, our Internet based, online financial tool, is also available with this account.

 

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Liberty Small Business Checking Account

It’s a perfect option for small business owners or non-profit entities who have limited transaction activity.

 

Available to non-profits, municipalities, and sole proprietorships.

 

  • $100.00 Minimum Deposit Required to Open the Account Relationship
  • $250.00 Average Daily Ledger Deposit Balance Required to Avoid Fees
    (Otherwise, the account will be charged a $5.00 monthly maintenance fee and $0.25 per item processed)
  • 250 free transactions per month1
  • Check Images are not returned with your monthly account statement; Check Images and Deposit Tickets are available for viewing online.
  • Free Self-Inking Deposit Stamp, Zippered Night Deposit Bag (locking bag extra) and Counterfeit Detection Pen
  • Free AmBank By Phone & AmBank Online Internet Banking with Online Statement capabilities
  • Free Online Bill Payment2
  • Visa® Business Check Card / ATM Card available
  • No Annual Fee Visa® Business Credit Card available
  • Complimentary Merchant Credit Card Services proposal
  • Cash Management Solutions, Small Business Loans, Employee Benefits Plans & Business Succession Planning assistance available
  • Trust & Investment Management assistance by appointment
  • A wide variety of checking products are available: please contact a relationship specialist for details.

 

1Transactions consist of checks deposited & all debits and credits to the account, including ACH, ATM, & POS transactions. There is a $.25 per item fee for any item in excess of 250 per monthly statement cycle. 2Direct Deposit must occur at least monthly to qualify for Free Online Bill Payment. Limit ten bills per month. There will be a $.50 charge per additional bill payment processed.

 

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Image Checking Plus Account

Available only to businesses that are non-profits, municipalities and sole proprietorships.

 

  • $1,000.00 to open and $1,000.00 Average Daily Ledger Balance required to Avoid Fees.
  • Unlimited Check Writing.
  • Check Images Returned with Monthly Statement.
  • Interest is Paid Monthly on Account Balance.
  • Variable Rate Account.
  • ATM or Visa® Business Check Card is available.
  • Free AmBank by Phone, AmBank Online Internet Banking and Online Account Statements.
  • Free Automatic Bill Payment Service (Direct Deposit required).
  • Easy Access Account (Overdraft Protection) Available.
  • Analysis Fees Apply.

 

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Ultimate Checking Account

Available only to businesses that are non-profits, municipalities and sole proprietorships.

 

  • $5,000.00 to open and $1,000.00 Average Daily Ledger Balance required to Avoid Fees.
  • Unlimited Check Writing.
  • Check Images Returned with Monthly Statement.
  • Interest is Compounded and Credited Monthly on Account Balance.
  • Premium interest rates (tiered rate structure…the more you deposit, the greater your earnings potential).
  • Variable Rate Account.
  • ATM or Visa® Business Check Card is available.
  • Free AmBank by Phone, AmBank Online Internet Banking and Online Account Statements.
  • Free Automatic Bill Payment Service (Direct Deposit required).
  • Easy Access Account (Overdraft Protection) Available

 

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Money Market Checking Account

Available to non-profits, municipalities, corporations and sole proprietorships.

 

  • $5,000.00 to open and $15,000.00 Average Daily Ledger Balance required to Avoid Fees.
  • Six (6) transfers allowed per monthly statement cycle without penalty; $15.00 each withdrawal thereafter.
  • Check Images are not returned with Monthly Statement.
  • Interest is Compounded and Credited Monthly on Account Balance.
  • Premium interest rates (tiered rate structure…the more you deposit, the greater your earnings potential).
  • Variable Rate Account.
  • ATM or Visa® Business Check Card is available.
  • Free AmBank by Phone, AmBank Online Internet Banking and Online Account Statements.
  • Free Automatic Bill Payment Service (Direct Deposit required).
  • Easy Access Account (Overdraft Protection) Available.

 

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Ultimate Money Market Checking Account

Available to non-profits, municipalities, corporations and sole proprietorships.

 

  • $100,000.00 to open and $50,000.00 Average Daily Ledger Balance required to Avoid Fees.
  • Six (6) transfers allowed per monthly statement cycle without penalty; $15.00 each withdrawal thereafter.
  • Check Images are not returned with Monthly Statement.
  • Interest is Compounded and Credited  Monthly on Account Balance.
  • Premium interest rates (tiered rate structure…the more you deposit, the greater your earnings potential).
  • Variable Rate Account.
  • ATM or Visa® Business Check Card is available.
  • Free AmBank by Phone, AmBank Online Internet Banking and Online Account Statements.
  • Free Automatic Bill Payment Service (Direct Deposit required).
  • Easy Access Account (Overdraft Protection) Available.

 

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Ultimate Sweep Account

Available to non-profits, municipalities, corporations and sole proprietorships.

 

  • $100,000.00 Minimum Deposit Balance Required to Open the Account.
  • With the American Bank and Trust Ultimate Cash Sweep Account, cash in excess of your checking account’s ‘target balance” (required to offset monthly account activity fees) is automatically invested in an FDIC insured Money Market Account, ensuring competitive rates and safety for all of your excess cash balances.
  • If your end-of-day checking account balance falls below your “target balance”, funds are automatically swept back to your checking account for no additional fee.
  • Because the sweeps to and from your checking account are automatic based on your “target balance”, there is no need for you to worry about managing your daily balances. This convenient process allows you to concentrate on your day-to-day business priorities while we concentrate on your cash management.
  • Contact one of our Market Managers for complete details on this solution.
  • $100.00 Monthly Maintenance Fee applies to all Ultimate Cash Sweep Account relationships.
  • Interest is Paid Monthly on Account Balance.
  • Premium interest rates (tiered rate structure…the more you deposit, the greater your earnings potential).
  • Variable Rate Account.
  • Free AmBank by Phone, AmBank Online Internet Banking and Online Account Statements.

 

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Lawyer’s Trust Account (IOLTA)

  • Available to Licensed Attorneys and Law Firms.
  • Monthly Interest Paid Equals 70% of the Fed Funds Target Rate.
  • Variable Rate Account.
  • Free AmBank by Phone, AmBank Online Internet Banking and Online Account Statements.

 

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Fees

Liberty Small Business Checking, Ultimate Checking, Money Market Checking, Ultimate Money Market Checking

 

Minimum Balance to Avoid Statement Cycle Maintenance Fees

 

No maintenance fee will be imposed if your average daily ledger balance for the statement cycle period is equal to or greater than the average daily ledger balance requirement for the deposit account product you hold at the bank. Account holders of commercial deposit accounts can easily determine each deposit account’s average balance for the statement cycle by viewing the first page of the account statement. Your deposit product’s average daily ledger balance requirement and the applicable maintenance fee if the requirement is not met, are as follows:

 

Account Type

 

Average Balance Requirement

 

Monthly Maintenance Fee

Liberty Small Business Checking

 

$250.00

 

$5.00 plus $.25 per item processed

Ultimate Checking

 

$1,000.00

 

$10.00

Money Market Checking

 

$15,000.00

 

$20.00

Ultimate Money Market Checking

 

$50,000.00

 

$10.00

 

By reviewing and evaluating your average account balance and activity, we’re happy to assist you in selecting the account solution which meets your needs while minimizing monthly maintenance and activity fees. Contact any Relationship Specialist for assistance and details.

 

Transaction Fees

 

Please note the change in your deposit product’s applicable transaction fee as follows:

 

Account Type

 

Transaction Activity

 

Fee

Liberty Small Business Checking

 

Return Deposited Item Fee

 

$10.00

Liberty Small Business Checking

 

Excess transactions* > 250 per statement cycle

 

$.25

Money Market Checking

 

Excess transactions > 6 per statement cycle

 

$15.00

Ultimate Money Market Checking

 

Excess transactions > 6 per statement cycle

 

$15.00

Visa® Business Check Card

 

Per Foreign ATM Transaction > than 6 per month

 

$1.00

Visa® Business Check Card

 

Annual Fee (if no transactions are made in a year)

 

$15.00

 

* Transactions consist of checks deposited & all debits and credits to the account, including ACH, ATM, & POS transactions

 

Electronic Fund Transfers

 

When you use an American Bank and Trust Company, N.A., Visa® branded card at a merchant that settles in currency other than US dollars, Visa® will charge an International Service Assessment (ISA) fee to complete the transaction regardless if there was a currency conversion involved to convert your transaction to US dollars. 

 

  • If there was no currency conversion involved with your transaction (“single-currency transaction”) the ISA fee is 0.8% of the transaction amount. 
  • If there was a currency conversion involved with your transaction (“multi-currency transaction”) the ISA fee is 1% of the transaction amount. 

 

An international transaction is defined by Visa® as a transaction where the issuer’s country (i.e., the card-issuing financial institution’s country) is different than the merchant’s country.

 

Depending upon the merchant you patronize, any transaction could qualify as an international transaction, including Internet based transactions.

 

Fees –

 

  • Transaction Fees. A fee of $1.00 will be charged per cash withdrawal over six (6) per statement cycle when you use your American Bank and Trust Company, N.A., ATM Card or Visa® Check Card at ATMs not owned by American Bank and Trust Company, N.A.
  • Inactive Card Fees. The primary account linked to either an open ATM card or Visa® Check Card issued by American Bank and Trust Company, N.A., will be charged a $15 fee for each twelve month period in which no transactions were conducted by you with the ATM card or Visa® Check Card.

 

Other Fees

 

 

Transfers from a Money Market account or an Ultimate Money Market account to another account or to third parties by telephone or computer transfer or preauthorized debit

are limited to six (6) per statement cycle. An activity fee of $15.00 will be charged for each transaction in excess of these transaction limitations.

 

Other Terms

 

When issuing a handwritten check, you agree to legibly write checks with ink (black or blue) on a sufficiently contrasting tamper-resistant safety paper that is readable when automated check processing equipment scans and converts your original paper check document into an electronic image or substitute image document using the prevalent check processing standards of banks in the United States. Checks issued using ink jet printers, laser printers or other printing equipment must be documents that are resistant to unauthorized post-issue alterations using reasonable commercially available document security features. Such checks must also be readable when automated check processing equipment scans and converts your original paper check document into an electronic image or substitute image document using the prevalent check processing standards of banks in the United States. You, as the maker of the check, are responsible for claims, disputes, or losses arising from an unreadable image caused by an original check document not conforming to these requirements.

 

Identity Theft

 

Customers are encouraged to visit the Federal Trade Commission’s official web site www.ftc.gov/idtheft for information and tips on combating the growing problem of Identity Theft. While viewing the FTC web page, scroll down the right-hand column under the heading of “Key Publications,” and click on the Take Charge: Fighting Back Against Identity Theft for information on effective ways you can help protect yourself against the crime of Identity Theft, as well as pro-active actions you can take if you believe you may be a victim of Identity Theft.

 

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Additional Information

For information about current interest rates and annual percentage yields refer to our current interest information sheet available through our Relationship Specialists at your nearest American Bank & Trust Company, N.A., office. You may also call us toll free at 1-877-626-2265 for personal assistance during our regular business hours.

 

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Related Services

 

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