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Checking Accounts

Small Business Free Checking

Ideal for business clients with a limited number of monthly transactions

  • Open with $200.00
  • No minimum balance
  • No service charge
  • Up to 100 checks per month and 250 total items per month with no charge ($.20 per each item over)AFCB Business Check Card
  • Up to a $2,500 Athens Federal "WhenUNeedIt" Line of Credit (subject to credit approval)
  • AFCB Business Credit Card (subject to credit approval)Free 1st Order of Checks and Deposit Slips
  • Free Online Banking/Bill Pay
  • Free 24-Hour Telephone Banking
  • Discount on Safe Deposit Box Rental

Corporate Analysis Checking

Ideal for business clients that require unlimited number of monthly transactions.

  • Open with $200.00
  • Transaction fees are offset by earnings credits based on average daily balance in the account or in a combined interest bearing "sweep" account.
  • AFCB Business Check Card
  • Up to a $10,000 Athens Federal "WhenUNeedIt" Line of Credit (subject to credit approval)
  • AFCB Business Credit Card (subject to credit approval)
  • Free 1st Order of Checks and Deposit Slips
  • ACH Origination Services Available
  • Free Online Banking/Bill Pay
  • Free 24-Hour Telephone Banking
  • Discount on Safe Deposit Box Rental
  • Merchant Services
  • Night Deposit Services
  • Overdraft Privilege Available (some restrictions apply)
  • Monthly Statements with check images

Business Checking

Ideal for business clients that require more transactions per month but want an alternative to analysis checking

  • Open with $200.00
  • Up to 200 checks per month and 500 total items per month with no charge ($.20 per each item over)
  • $2,500 minimum daily balance to avoid monthly service charge. If daily balance falls below $2,500, there is a monthly service charge of $10.00
  • AFCB Business Check Card
  • Up to a $7,500 Athens Federal "WhenUNeedIt" Line of Credit (subject to credit approval)
  • AFCB Business Credit Card (subject to credit approval)
  • Free 1st Order of Checks and Deposit Slips
  • ACH Origination Services Available
  • Free Online Banking/Bill Pay
  • Free 24-Hour Telephone Banking
  • Discount on Safe Deposit Box Rental
  • Merchant Services
  • Night Deposit Services
  • Overdraft Privilege Available (some restrictions apply)Monthly Statements with check images

Business NOW Accounts

Ideal for clients who maintain high balances, but still have limited monthly transactions.
Sole Proprietors, DBAs and Nonprofits are eligible to earn interest.

  • Open with $200.00
  • Up to 200 checks per month and 500 total items per month with no charge ($.20 per each item over)
  • Maintain $2,500 daily balance for APY. If daily balance falls below $2,500, there is a monthly service charge of $10.00
  • AFCB Business Check Card
  • Up to a $2,500 Athens Federal "WhenUNeedIt" line of credit (subject to credit approval)
  • AFCB Business Credit Card (subject to credit approval)
  • Free 1st Order of Checks and Deposit Slips (Introductory Package)
  • Free Online Banking/Bill Pay
  • Free 24-Hour Telephone Banking
  • Discount on Safe Deposit Box Rental
  • ACH Origination Services Available (subject to credit approval)
  • Merchant Services
  • Night Deposit Services
  • Overdraft Privilege Available
  • Monthly Statement with check images
*Interest rates are variable and subject to change

Savings & Money Market Accounts*

Business Savings

  • $50.00 minimum opening balance
  • $50.00 minimum daily balance to avoid $10.00 monthly service charge
  • Interest bearing account compounded monthly
  • Overdraft transfer from savings to checking - $10.00 per transaction
  • Free Online Banking
  • Free 24 hour telephone banking
*Interest rates are variable and subject to change

Business Money Market

  • $5,000.00 minimum opening balance
  • Tiered interest earned – higher balances earn more*
  • Interest will be compounded monthly
  • Maintain $5,000.00 daily balance to earn interest and avoid $15.00 monthly service charge
  • Limited to six (6) transactions per month
  • Personalized checks at no charge
  • Free Online banking
  • Free 24 hour telephone banking
*Interest rates are variable and subject to change

Business Sweep Account

  • Corporations and LLC's may earn interest on a portion of funds in their business checking account with Athens Federal Business Sweep Account.
  • All money swept out of the account each day to earn interest is not FDIC insured; however, bank securities are pledged against the account to ensure safety and soundness.*
  • Available to Corporation, LLC and other business accounts.
  • Funds in excess of established target balance are swept to an overnight investment account each day secured by the investments, which earn interest and are returned to the transactional account the following day.
*Interest rates are variable and subject to change


Zero Balance Payroll Account

  • Maximize your money by maintaining a zero balance payroll account
  • Payroll checks are presented against your payroll account and money is swept automatically from the general operation account to pay the check and then the payroll account returns to zero.
  • This allows you to track payroll transactions and have additional funds to earn interest in your Business Sweep Account.

Business Certificates of Deposit

Competitive rates are paid on various terms from 7 days to 60 months.


Business Relationship Advantage

Monthly service charges waived on business and personal accounts with combined personal and business deposit balances of $25,000 or greater. In addition Business Relationship Advantage customers qualify for additional account benefits. Ask your customer service representative for more details.

Group Banking and Employee Advantage

Incentives are available to reward business clients and their employees for banking with Athens Federal. Ask your customer service representative for more details.

**Refer to separate Schedule for Miscellaneous Bank Charges

Locations

  • Athens Main Office: (423) 745-1111
  • Decatur Pike Office: (423) 745-0981
  • Etowah Office: (423) 263-1111
  • Madisonville Office: (423) 442-2338
  • Sweetwater Office: (423) 337-3501
  • Ocoee Street Office: (423) 476-0667
  • 25th Street Office: (423) 728-0338

Additional Bank Products and Services

Complete line of Merchant Services which include:

  • Credit and Debit Card Processing
  • Remote Deposit
  • Payroll Cards
  • Check guarantee, verification, and conversion


Investment and Retirement Services are offered through the Athens Federal Community Bank Investment and Retirement Services Division (1) and include:

  • 401K
  • SEP
  • Simple IRA
  • Life Insurance
(1) Securities and Annuities offered through the Athens Federal Community Bank Investment and Retirement Services Division:
  • may go down in value
  • are not FDIC insured
  • are not bank guaranteed
  • are not insured by any Federal Government Agency

 


*Effective June 1, 2013 for all money market and savings account holders, a charge of $10 per transaction will be implemented for Regulation D excess transactions (defined as more than 6 transactions per month). Regulation D is a Federal Reserve Board regulation that limits the number of preauthorized withdrawals and transfers from a savings or money market account.

 

The following summary outlines current Reg D transaction limits for MMDAs and savings accounts.

Transaction Limited to 6 per month Unlimited
Transfer or withdrawal via preauthorized debit (ACH)  
Overdraft transfer from savings  
Transfer from savings to savings  
Transfer or withdrawal via telegraphic program  
Transfer or withdrawal via fax  
Transfer or withdrawal via online banking  
Transfer via telephone  
Checks by consumer to third party via Money Market account  
Debit card point-of-sale transactions (POS)  
Automatic transfer to repay loan at same bank  
Transfer or withdrawal in person  
Transfer or withdrawal to consumer via mail request  
Transfer or withdrawal via ATM  
Withdrawal by consumer via telephone (non-audio response)  
Deposit funds to the account