Explanation:
American Bank and Trust offers a full range of banking services to cater to your personal and business requirements. Following is a brief description of the main banking services offered by AB&T and how you may benefit from these:
### 1. **Personal Banking Services**
#### **Checking Accounts**
– **Standard Checking**: It has the core bank features with no monthly maintenance fees, easy access to your funds, and online banking capabilities.
– **Interest-Bearing Checking:** Earns interest on your balance, thereby providing you with an additional reason to hold the higher balance.
– **Specialized accounts:** Student accounts or senior accounts or any with extra benefits like cash back or rewards.
#### **Savings accounts**
– **Traditional savings:** Regular savings accounts, which provide with competitive interest rate and are designed in a way to grow your savings over time.
• **High-Yield Savings:** Higher interest rates than regular savings accounts to get more from your savings.
• **Money Market Accounts:** A better interest rate when you need limited check-writing privileges and easy, convenient access to your money.
#### **Certificates of Deposit (CDs)**
• **Fixed-Rate CDs:** Get guaranteed returns with a fixed interest rate for a certain period to secure a way of saving.
– **Variable-Rate CDs:** Gives you the earning potential of an increased interest rate down the road but locks in your principal now.
#### **Loans and Credit**
– **Personal Loans:** A flexible number of loan options to meet different needs like consolidating debts, making major purchases, or taking care of urgent unexpected expenses.
– **Auto Loans:** Very competitive rates when financing new or used vehicles; friendly repayment terms.
– **Mortgages:** Offers multiple mortgage products to fit different needs, including fixed-rate and adjustable-rate mortgages, as well as HELOCs to finance improvements to your home or consolidate debt.
#### **Credit Cards**
– **Rewards Credit Cards:** Provides points, cashback, or travel rewards with higher value and benefits on your purchases.
– **Low-Interest Credit Cards:** Lower interest rates and interest-only payment terms to make handling debt easier.
### 2. **Business Banking Services**
#### **Business Checking Accounts
– **Basic Business Checking:** This account contains some of the most vital features that any small business would require, with easy access to funds and online banking.
– **Business Interest Checking:** This one accrues interest on your balance for the business account, hence helps you earn with your idle money.
– **Commercial Checking:** It has been designed for businesses of larger scales with higher transaction volumes, advancing features and benefits.
#### **Business Savings Accounts**
– **Business Savings:** Assist in keeping the funds aside with highly competitive rates of interest and easy access to your savings.
**Business Money Market Accounts:** Offers a higher interest rate with limited check-writing benefits and easy access to your money.
#### **Business Loans and Credit**
– **Term Loans:** Business term loans are financing provided for the expansion of commerce or purchase of fixed assets.
– **Lines of Credit:** Revolving business credit lines for managing your cash flow, purchasing inventory, helping finance operations, and many other short-term financing needs.
– **SBA Loans:** Loans from government departments that are backed to help small businesses weather a variety of challenges with terms and conditions that are friendly to the borrower.
#### **Treasury Management Services**
– **Cash Management:** It allows businesses to manage their cash by availing services that allow ACH transactions, wire transfer, and cash concentration.
– **Merchant Services:** Processing payment solutions through point-of-sale and online payments for smoother business transactions.
### 3. **Digital Banking Services**
#### **Online and Mobile Banking**
– **Account Management**: Check and manage your accounts, including the balance and the history of the statement, right from your computer or even a mobile device.
– **Bill Pay:** You can arrange for bills to be paid electronically, saving you time and paper checks.
– **Funds Transfer:** Easily transfer funds between accounts or to other financial institutions.
#### **Mobile Deposit**
– **Check Deposit:** With this, you will have the ability to deposit checks directly using your smartphone or tablet, eliminating the need to visit a branch.
**Dedicated Support:** Offers personalized customer service with knowledgeable representatives who can help out with account management, answering all loan-related inquiries, and other financial needs.
**Multiple Contact Channels:** Provides support to customers through multiple channels—by phone, email, and in-person visits to local branches.
#### **Financial Education**
**Resources and Tools:** Offers financial calculators, budgetary tools, and educational articles to help manage your funds.
– **Workshops and Seminars:** They organize a range of workshops and seminars relevant to investment, financial planning etc. to help you increase your financial literacy.
### 5. **Security From Frauds and Safety**
#### **Advanced Security Measures**
– **Fraud Detection:** Their advanced fraud detection systems secure your accounts and keep personal information free from unauthorized access.
– **Account Alerts:** One gets an alert and notification of the activities done in the account so that any security irregularities can be safely flagged off.
American Bank and Trust offers one-stop shopping for a myriad of different banking services. Satisfying the demands from personal and business customers alike, ABT has grown from competitive rates and a vast platform of financial products to innovative digital banking and a commitment to highly personalized customer service to help you meet your goals and continue growing. From day-to-day bank transactions to investment and other advisory services in any business, AB&T offers more than just the products to prosper.