The checking account for a sole proprietor
(Available to Sole Proprietors owned and operated within Pennsylvania or New Jersey and Businesses enrolled in our Insured Cash Sweep (ICS) program)
This interest-bearing checking account has a variety of features that will serve your needs if you are a sole proprietor. Plus, this account eliminates the additional administrative work associated with having multiple accounts, such as sweep or cash management services and you’ll receive many other features and benefits.
- $1.00 minimum balance required to open
- $1,000.00 minimum balance required to earn the stated interest
- No per check fees, deposit fees or per item fees
Account Features
- FREE access to Online Banking1
- FREE access to Mobile Banking with Mobile Deposit2,3
- FREE night depository service
- FREE American Bank Visa® Business Debit Card4
- FREE check images available through AmericanBank Online
- FREE 50 Bill Pay transactions per month; $0.60 per Bill Pay transaction thereafter
- $50 credit for 1st order of checks5
- Download transactions at no charge to QuickBooks3,6
- Non-American Bank ATMs - We do not assess a fee for transactions performed at non-American Bank ATMs7
- Surcharge Free ATM Access - Look for Allpoint & No Sur! Accel ATMs
- Statements - e-Statement, no charge; Paper statements without check images, no charge; Paper statements with check images are available for a fee upon request
- Courier service (checks only)
1 Internet service provider charges apply
2 Mobile device and usage charges may be assessed by your carrier
3 Online Banking required
4 Overdraft Item fees may apply
5 Order must be placed at account opening using Bank's vendor
6 Software purchase required
7 Fees may be charged by the owner/operator of the ATM
| Tiers | Interest Rate | APY |
|---|---|---|
| $0.00 - $999.99 | 0.00% | 0.00% |
| $1,000.00 - $9,999.99 | 0.10% | 0.10% |
| $10,000.00 - $24,999.99 | 0.10% | 0.10% |
| $25,000.00 - $49,999.99 | 0.10% | 0.10% |
| $50,000.00 - $99,999.99 | 0.10% | 0.10% |
| $100,000.00 and above | 0.10% | 0.10% |
- Interest is compounded daily & earned on the daily balance based on a tiered-rate structure
- $1.00 minimum balance required to open
- $1,000.00 minimum balance required to earn the stated interest
- No per check fees, deposit fees or per item fees
- This is a tiered-rate account. The interest rate and APY may change after account opening
- Fees may reduce the earnings on the account
- Rates are subject to change at any time without notice
How to Apply
If you’re interested in applying for a business deposit account, you can visit our location at 4029 West Tilghman Street, Allentown, PA during business hours or contact us.