Business Deposit Accounts

You have customers to serve and satisfy. So does USAmeriBank and you're one of them. Our Relationship Managers are fully knowledgeable about the specific needs of many types of businesses such as real estate, construction, manufacturing, medical and law practices and CPAs. No matter what your line of business, USAmeriBank will assemble the combination of accounts that meet your requirements and help you grow.

Business Checking

  • $100 Minimum Deposit to Open
  • $10 Monthly Maintenance Fee; Maintenance Fee can be avoided by maintaining a $3,000 minimum daily balance. Maintenance Fee can also be avoided by maintaining $25,000 in combined average balances of deposit relationship and/or loan balances.
  • 500 processed items free, $0.25 each after first 500
  • Free Secure Access Manager Business Internet Banking (basic services)
  • Free Debit MasterCard®

Business Interest Checking

  • Available to sole proprietorship businesses and non-profit organizations only.
  • $100 Minimum Deposit to Open
  • Interest is calculated and compounded daily on the collected balance and credited to your account monthly. Minimum daily collected balance of $5,000 required to earn interest.
  • $12 Monthly Maintenance Fee; Maintenance Fee can be avoided by maintaining a $3,000 minimum daily balance. Maintenance Fee can also be avoided by maintaining $25,000 in combined average balances of deposit relationship and/or loan balances.
  • Unlimited transactions
  • Free Secure Access Manager Business Internet Banking (basic services)
  • Free Debit MasterCard®

Business Analysis Checking

An Analysis Checking Account is used by business customers who benefit from earning credit for deposit balances to offset service fees. All related Analysis Checking Accounts can be linked to combine balances and offset fees. The Earnings Credit Rate is determined at the bank's discretion and may change from time to time.

ZBA Analysis Checking

A Zero Balance Account helps our customers manage their disbursement process by linking a master account to one or more sub account(s) in a zero balance arrangement. When a customer writes checks drawn on the sub account(s), a transfer of funds is automatically initiated from the master account to fund the sub account(s) at the end of each day and bring the balance back to zero. Conversely, excess collected balances in the sub account(s) are automatically transferred to the master at the end of the day. ZBA can be used for both collections and disbursements.

Business Money Market

  • $1,500 Minimum Deposit to Open
  • Tiered interest rate structure. Interest is calculated and compounded daily on the collected balance and credited to your account monthly. Minimum daily collected balance of $2,500 required to earn interest.
  • $12 Monthly Maintenance Fee; Maintenance Fee can be avoided by maintaining a $2,500 minimum daily balance.
  • Transaction Limitations: Transfers from a Business Money Market account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer or by check, draft, debit card, or similar order to third parties are limited to six per monthly statement cycle. If an account continuously exceeds the debit transactions allowed, we are required by law to reclassify or close the account. Withdrawals or transfers by mail, in person at one of our offices, and through an ATM are unlimited and are not subject to the withdrawal limitations. Fees: An excess withdrawal fee of $5.00 will be charged for each debit transaction (withdrawal, check paid, automatic transfer or payment out of this account) in excess of six during a statement cycle.
  • Free Secure Access Manager Business Internet Banking (basic services)

Business Savings

  • $100 Minimum Deposit to Open
  • Interest is calculated and compounded daily on the collected balance and credited to your account monthly. Minimum daily collected balance of $100 required to earn interest.
  • $3 quarterly Maintenance Fee; Maintenance Fee can be avoided by maintaining a $300 minimum daily balance.
  • Transaction Limitations: Transfers from a Business Savings account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per month with no transfers by check, draft, debit card, or similar order to third parties. If an account continuously exceeds the debit transactions allowed, we are required by law to reclassify or close the account. Fees: An excess withdrawal fee of $2.00 will be charged for each debit transaction (withdrawal, automatic transfer or payment out of this account) in excess of six each quarter.

Certificates of Deposit

For customers who do not require immediate access to their funds and want to earn a higher rate of interest, USAmeriBank offers a variety of CD options and term lengths. Competitive interest is compounded daily. CD accounts are fee-free; however, substantial penalties will apply for early withdrawals. CD accounts earn interest at the Rate and Annual Percentage Yield (APY) printed on the face of the certificate for the initial term of the certificate. For each automatic renewal, the interest Rate and Annual Percentage Yield (APY) will renew at the prevailing APY and for the same term length.

CDARS

Certificate of Deposit Account Registry Service®, or CDARS®, is a service that allows USAmeriBank to provide customers with access to full FDIC insurance on CD investments up to $50 million. USAmeriBank is part of a network of banks that allows us to place funds into CD’s issued by other banks in the network. Both principal and interest are eligible for FDIC coverage. The customer will receive one statement from USAmeriBank summarizing all of the CDARS® holdings.

Escrow Management Accounts

The Escrow Management Account is a service provided to customers who handle escrow deposits. The handling of escrow deposits for clients can be cumbersome and time-consuming. It normally involves the firm opening separate accounts, allocating interest monthly and preparing 1099's for each client. For small and large firms alike, the clerical time and effort needed to manage these accounts can add up quickly. USAmeriBank handles the cumbersome Deposit Operations, Accounting and Tax Preparation tasks. USAmeriBank Escrow Management system consists of a Master Account (disbursement account) with sub-ledgers for each new escrow client, eliminating the need for multiple accounts. Our computer system can generate combined statements of all sub-account activity each month. The statement provides complete account transaction history and reflects up-to-date account balances and interest information.