The provided documentation details the digital banking services offered by American State Bank (ASB). These services encompass online and mobile banking, mobile check deposit, bill payment, money management tools, credit score monitoring, and online statements with alert features. ASB has been providing banking services since 1911 and emphasizes financial health and customer support. Additionally, information regarding a 6-month Jumbo CD with a 3.66% APY is included.
Online and Mobile Banking Overview
American State Bank provides both online and mobile banking platforms, described as essential services for modern financial management. These platforms allow customers to perform a variety of banking functions, including checking account balances, paying bills, and transferring funds. The documentation explicitly states these services are offered “for free.”
Mobile Check Deposit Functionality
ASB’s mobile application includes a mobile deposit feature, referred to as “check selfies.” This feature enables customers to deposit checks remotely, eliminating the need to visit a physical bank branch. Successful use of this feature requires adequate lighting and a clear background when capturing an image of the check.
Bill Payment Services
The bank offers a bill payment service designed for convenience and reliability. Users can schedule payments that are recurring, occasional, or one-time, and can initiate these payments from any location. The documentation highlights the benefit of avoiding late payment fees through scheduled payments.
Money Management Tools
ASB provides money management tools to assist customers in visualizing and controlling their finances. A “Money Management game” is offered, where bubble size represents spending amounts. Green bubbles indicate responsible spending, yellow suggests moderation, and red signifies excessive spending. The tools also facilitate budget creation and goal setting.
Credit Score Access and Monitoring
Customers with an online banking account have access to their credit score, credit report, and educational resources designed to improve their creditworthiness. This service is offered without charge, and the documentation notes that frequent credit score checks do not negatively impact the score. The bank specifically cautions against using “sketchy websites” for credit information, positioning its service as a secure alternative.
Online Statements and Account Alerts
ASB offers online statements as an alternative to traditional paper statements, promoting environmental sustainability. Customers can view their monthly statements instantly online. Additionally, the bank provides account alerts that can be sent to customers regarding balance updates, deposits, and withdrawals, without requiring them to log into online banking.
Financial Health and Customer Support
American State Bank emphasizes a focus on “Financial Health,” defined as assisting customers in achieving their financial goals, including saving money, protecting assets, and investing for the future. The bank states it offers free access to digital tools and does not impose monthly fees. ASB also highlights its commitment to providing customer support that is unavailable elsewhere. The bank’s stated mission is to prioritize customers, whether they are employees or banking clients.
Investment Options: Jumbo CD
ASB offers a 6-month Jumbo Certificate of Deposit (CD) with an Annual Percentage Yield (APY) of 3.66%. Deposits in this CD are FDIC-insured up to $250,000, providing a secure investment option. The documentation emphasizes the guaranteed rate of return offered by the Jumbo CD.
Bank History and Accessibility
American State Bank has been in operation since 1911, providing both commercial and personal banking services. The bank emphasizes its commitment to accessibility, stating that it is “reaching out to us is even easier” and that it aims to be present “in every pocket.” This suggests a focus on convenient access to banking services.
Conclusion
American State Bank provides a range of digital banking services designed to enhance customer convenience and financial well-being. These services include online and mobile banking, mobile check deposit, bill payment, money management tools, credit score monitoring, and online statements with alerts. The bank also offers investment options, such as a 6-month Jumbo CD, and emphasizes its long-standing commitment to customer service and financial health. The provided documentation highlights the availability of these services “for free” and positions ASB as a secure and accessible financial institution.