At International Bank of Amherst, we want to help make your financial life better and easier to manage. That’s why we offer all these accounts: checking, money market, savings, Christmas Club, certificates of deposit, and Individual Retirement Accounts. And we have Companion Products that make it easy to access your money and account information. We've provided a description of the main features and fees of our accounts. For complete information about related fees, please contact us.

Checking
Checking accounts have become a basic necessity to manage your budget. A checking account can help you track how you spend your money. We’re happy to provide the information you need in an easy to read statement. Your "eStatements" are available online for approximately 12 months. You can even view your checking images online. We can help you monitor your spending habits. If you qualify for a Debit Card, you can use it as often as you like.

Regular Checking
Our Regular Checking is a good account to use if you don’t like to keep your investment dollars in your checking account.

  • Opening deposit of $100 or more
  • Avoid the $6.00 per statement cycle service fee by keeping minimum daily balance of $100.00
  • Unlimited transactions
  • Free Online Banking and eStatements
  • Combined statement - add your savings, certificate of deposits and loans to monthly statement
  • Debit Card $2 monthly fee per account

Basic Checking
Our Basic Checking is a great account if you don’t plan to write a lot of checks.

  • No minimum balance requirement
  • Opening deposit must be $100.00 or more
  • First 10 paper checks paid per statement cycle are FREE
  • $.25 charge per paper check over 10 per statement cycle
  • Unlimited deposits and electronic debits (ACH - Debit Cards)
  • Free Online Banking and eStatements
  • Combined statement - your savings, certificate of deposits and loans to monthly statement
  • Debit Card $2 monthly fee per account

Interest Checking
Our interest checking is great because we pay interest on your balance.

  • Opening deposit of $1,000.00 or more
  • Earn interest on entire account balance
  • Avoid a $10.00 service charge fee per statement cycle by keeping a minimum balance of $1,000.00
  • Unlimited transactions
  • Free Online Banking and eStatements
  • Combine your savings, certificate of deposits and loans monthly statement
  • Free Debit Card

Social, Sport and Regular Organization Checking
We like to help non profit and social organizations keep their funds working for their cause, rather than their expenses. Please call us for more information for cost effective options.

Business Checking
We have cost effective options for our business customers. Call us for more information!

Money Market
Our Money Market account lets you combine the benefits of earning more interest while being able to issue checks.

  • Opening deposit of $1,000.00 or more
  • Earn interest on entire account balance
  • Avoid a $10.00 service charge fee per statement cycle by keeping a minimum balance of $1,000.00
  • A great investment account that pays you interest plus gives you immediate access
  • Funds accessible by check, teller withdrawal or automatic transfer
  • Free Online Banking and eStatements
  • Combine your savings, certificate of deposits and loans to monthly statement
  • Fees: $5.00 per withdrawal in excess of six per statment cycle

Savings
Whatever your age or stage in your financial life, we have a savings account to help you achieve your goals. We even have one that will help you get ready for Christmas shopping.

Statement Savings
This is a very popular account. Your money earns interest but you can withdraw at any time. You get a regular statement so you can watch your savings grow!

  • Opening deposit of $100.00 or more
  • Earn interest on entire account balance
  • To avoid a monthly fee of $5.00 keep a daily minimum balance of $100.00
  • Limit of 6 teller assisted or automatic withdrawals per month
  • Free Online Banking and eStatements

Children/Senior Savings
We like to help parents teach their children about good savings habits. We also like to thank our seniors for the contributions they’ve made to the community. So we don’t have a big balance requirement to avoid the minimal fee while we continue to pay interest.

  • Customers under the age of 19 or over 61 years of age
  • Earn interest on entire account balance
  • Opening deposit of $25.00 or more
  • To avoid a monthly fee of $2.50 keep a minimum balance of $25.00
  • Limit of 6 teller assisted or automatic withdrawals per month
  • Free Online Banking and eStatements

Holiday Club
This is a great way to save money for additional year end expenses - whether they are presents for family or friends, or property taxes. You save the money; we’ll send you a check in early October. Use Automatic Transfer for painless savings and you’ll automatically start saving for next year!

  • The perfect way to save for the holidays or other year end expenses!
  • Initial deposit should be $25.00 or more
  • Earn interest on entire account balance
  • Interest added to balance around the 15th of October and funds distributed
  • Account stays open to being saving for the next year
  • Free Online Banking

Health Savings
If your employer provides health insurance benefits through a HSA qualified high deductible health plan, you may be eligible for a Health Savings Account. The IRS website has information about the qualifications for these accounts. Click here to go to the IRS website. You may need to use the search feature to get the latest publication. Or call us for a brochure explaining the basics.

  • Health Savings Accounts (HSAs) are subject to limitations and/or penalties imposed by the Internal Revenue Service. Please refer to the HSA Agreement or your tax advisor for additional information.
  • Earn interest on entire account balance
  • Free Debit Card
  • Free Online Banking

Certificates of Deposit
Want to earn more interest? Have more time before you’ll need your savings dollars?
Our Certificates of Deposit pay higher interest, and we have terms between 3 months and 5 years! Call us for more information!

Individual Retirement Accounts (IRA)
Make full use of your tax breaks while you prepare to retire. We offer Traditional and Roth IRAs. While we can’t tell you the tax benefit to you, we can help decide which Certificate of Deposit is the best choice for you.

Companion Products
Be sure to ask one of our Service and Sales Representatives about these other great companion products:

Debit Cards work like magic at over 9 million locations worldwide.
Simply present your IBA Debit Card to any merchant that accepts MasterCard. Your checking statement will have the details about the date, the merchant, and location of your purchase. You may also use your Debit Card at ATMS for 24-hour access to make cash withdrawals and deposits. MasterCard Secure Code is a security program from MasterCard. It ensures that your debit card number can be used only by you to authorize transactions over the WEB. For more information about the program, please contact us.

Automatic Transfers to loans or savings are easy to arrange. We can arrange to transfer funds on a regular basis. Transfers to savings on payday will ensure that you reach your savings goals. Transferring funds to make a loan payment will save postage, reduce the interest you pay on your loan, and prevent late fees. Your statement will provide the details of the transfer.

Automatic Transfers to prevent overdrafts will ensure that an accounting or timing mistake won’t cause you to pay overdraft fees. You won’t be embarrassed by a returned check.

Automated Clearing House (ACH) transactions are an easy way to make sure that your paycheck is deposited on payday and your bills are paid on time. Call us for more details.

eStatements are a great way to “go green.” Through our Online Banking service, we are able to provide electronic statements instead of mailing you paper copies. Sign up through Online Banking, or give us a call.

Free Online Banking is a great way to view your account activity, make transfers, and even download transactions to your P.C. We want to make it easy for you to work with your accounts - on your schedule, not ours!

Night Deposit allows you to deposit money or pay your loan when we’re not open. Just drive up next to the building, roll down your window and drop it in the secure drawer. Your money will be safe until we get here and process your transaction.

 
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