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Business
Banking Accounts
Small Business Checking
The Small Business Checking Account has a low minimum opening deposit requirement and is designed for businesses that have a limited number of
transactions per month and maintain a small average monthly balance.
Account Features
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First three months of Maintenance Fees waived
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Free teller transactions (Drive-up and Lobby)
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Detailed monthly statements
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Convenient check imaging
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Automatic transfer between your AEB accounts
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Convenient access to your accounts, balances and transfers through AEB Bankline, our 24 hour telephone banking system
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Free Internet Banking
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Free Direct Deposit
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Free Overdraft Protection
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ATM Card issued at no charge
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Free use of AEB's ATMs
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Free use of StarŽ Network ATMs
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Free use of non-AEB/non-StarŽ Network ATMs
(You may be charged a fee by other ATMs.)
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VISA Credit Card upon approval
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Night Depository
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FDIC Insurance
Balance Requirements
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Minimum deposit to open account: $50
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$250 minimum daily balance must be maintained to avoid a Monthly Maintenance Fee
Fees
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$10 Monthly Maintenance Fee if the account balance falls below the minimum
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The first 50 checks and debits each month are FREE. Subsequent checks and debits each month are $ .50 each
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The first 100 items deposited each month are FREE. Subsequent items deposited each month are $ .25 each.
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The first 30 deposits each month are FREE. Subsequent deposits each month are $1.00 each.
Please refer to Terms and Conditions of Your Account, and Important Account Information For Our Customers, and the Limits and Fees, for additional
terms, conditions and fees; including ATM, Money Market withdrawal and transfer restrictions.
Revision Date: January 1, 2005. Subject to change.
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Business Checking
The Business Checking Account is designed for larger businesses with higher transaction volumes, and offers the ability to offset account fees with the
account's earnings credit.
Account Features
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First three months of Maintenance Fees waived
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Variable earnings credit based on the account's average collected balance
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Free teller transactions (Drive-up and Lobby)
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Detailed monthly statements
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Convenient check imaging
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Automatic transfer between your AEB accounts
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Convenient access to your accounts, balances and transfers through AEB Bankline, our 24 hour telephone banking system
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Free Internet Banking
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Free Direct Deposit
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Free Overdraft Protection
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ATM Card issued at no charge
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Free use of AEB's ATMs
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Free use of StarŽ Network ATMs
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Free use of non-AEB/non-StarŽ Network ATMs
(You may be charged a fee by other ATMs.)
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VISA Credit Card upon approval
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Night Depository
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FDIC Insurance
Balance Requirements
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Minimum deposit to open account: $100
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No minimum balance requirement
Fees
An earnings credit will be applied against the following fees:
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$15.00 Monthly Maintenance Fee
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$ .17 for each check and debit paid
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$ .50 for each deposit and credit
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$ .15 for each item deposited
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$ .15 for each electronic funds transfer (EFT)
(10% FRB Reserve Requirement Applies)
Negative collected balance fees are calculated at American Enterprise
Bank's Prime Rate +4%.
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Business Money Market Account
The Business Money Market Account offers tiered rates of interest and access to funds, with limited withdrawal privileges.
Account Features
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Variable and tiered rates of interest paid at the Bank's current rates
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Interest calculated on all collected balances
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Interest compounded and paid monthly
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Free teller transactions (Drive-up and Lobby)
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Deposit any amount at any time
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Unlimited number of in-person withdrawals
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Up to six free preauthorized/telephonic and third party transfers with no more than three by check each month
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Detailed monthly statements
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Convenient check imaging
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Free Internet Banking
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Free Direct Deposit
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Automatic transfers between your AEB accounts
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ATM Card issued at no charge
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Free use of AEB's ATMs
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Free use of StarŽ Network ATMs
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Free use of non-AEB/non-StarŽ Network ATMs
(You may be charged a fee by other ATMs.)
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Convenient access to your accounts, balances and transfers through AEB Bankline, our 24 hour telephone banking system
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Your Business Money Market Account can be linked to an AEB business checking account to provide overdraft protection
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VISA Credit Card upon approval
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Night Depository
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FDIC Insurance
Balance Requirements
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Minimum deposit to open account: $1,000
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$1,000 minimum daily balance must be maintained to avoid a Monthly Maintenance Fee
Fees
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$15 Monthly Maintenance Fee if the account balance falls below the minimum
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Excess transaction limits apply. A fee of $25 per Federal Reserve "Reg. D" violation will be charged
Accounts closed prior to the interest credit date will forfeit accrued interest.
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Business Interest Checking (NOW) Account
(For qualified businesses only)
The Business Interest Checking Account is designed for customers who want to earn interest on their checking balances.
Account Features
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Variable rates of interest paid at the Bank's current rates
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Interest calculated on all collected balances
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Interest compounded and paid monthly
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Free teller transactions (Drive-up and Lobby)
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Detailed monthly statements
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Convenient check imaging
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Automatic transfers between your AEB accounts
-
Free Internet Banking
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ATM Card issued at no charge
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Free use of AEB's ATMs
-
Free use of StarŽ Network ATMs
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Free use of non-AEB/non-StarŽ Network ATMs
(You may be charged a fee by other ATMs.)
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Convenient access to your accounts, balances and transfers through AEB Bankline, our 24 hour telephone banking system.
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VISA Credit Card upon approval
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Night Depository
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FDIC Insurance
Balance Requirements
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Minimum deposit to open account: $100
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No minimum balance requirement
Fees
Interest paid will be available to offset the following fees:
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$15.00 Monthly Maintenance fee
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$ .17 for each check and debit paid
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$ .50 for each deposit and credit
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$ .15 for each item deposited
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$ .15 for each electronic funds transfer (EFT)
Accounts closed prior to the interest credit date will forfeit accrued interest.
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Not-For-Profit Interest Checking Account
(For qualified organizations only)
The Not-For-Profit Interest Checking Account is designed for qualified organizations that want to earn interest on their checking balances and have unlimited check writing privileges.
Account Features
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Variable rate of interest paid at the Bank's current rate
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Interest calculated daily on all collected balances and credited monthly
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Unlimited check writing privileges
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Free teller transactions (Drive-up and Lobby)
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Detailed monthly statements
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Convenient check imaging
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Free Direct Deposit
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Free Internet Banking
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ATM Card issued at no charge
-
Free use of AEB's ATMs
-
Free use of StarŽ Network ATMs
-
Free use of non-AEB/non-StarŽ Network ATMs
(You may be charged a fee by other ATMs.)
-
Convenient access to your accounts, balances and transfers through AEB Bankline, our 24 hour telephone banking system.
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VISA Credit Card upon approval
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Night Depository
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FDIC Insurance
Balance Requirements
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Minimum deposit to open account: $100
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Minimum daily balance of zero must be maintained to avoid a Monthly Maintenance Fee
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$250 minimum daily balance must be maintained to earn daily interest
Fees
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$10 Monthly Maintenance Fee if the account balance falls below the minimum
Account closed prior to the interest credit date will forfeit accrued interest.
IOLTA Accounts only
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Interest paid, minus service charges incurred, is remitted to the Lawyers Trust Fund of Illinois every quarter.
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Escrow Money Market Account
This is a specialized account typically used by attorneys and the real estate industry to temporarily hold escrow funds in an interest bearing
account.
Account Features
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Variable and tiered rates of interest paid at the Bank's current rate
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Interest calculated on all collected balances
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Interest paid up to the closing date
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Checks are not permitted
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FDIC Insurance
Balance Requirements
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Minimum deposit to open account: $1,000
Fees
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Business Loans
American Enterprise Bank has a variety of lending programs for businesses of virtually any size or level of complexity. We understand the lending
needs and requirements of a number of different industries.
We get out from behind our desks to meet, get to know, and understand you - our customer! You will have the benefit of experienced and
seasoned lenders, plus the attention of our entire staff.
Our full range of business loans include:
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Working Capital Lines of Credit
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Equipment Loans
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Asset-Based Lending
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Lease Financing
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Commercial Real Estate Loans
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Acquisition
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Construction
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Refinance
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Expansion
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Letters of Credit
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Loans to Municipalities
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Small Business Administration (SBA) Loans
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Certificate of Deposit Loans
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Other Services
Other services offered by American Enterprise Bank include: Federal tax depository, wire transfers, lock box, insurance and leasing, land trust, CDs with terms ranging from seven days to five years, Index PoweredŽ CDs and the CDARS program.
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Important
Information - USA Patriot Act
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
WHAT THIS MEANS FOR YOU
When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
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