American Chartered Bank Rates & Review

American Chartered Bank Review

American Chartered Bank serves the greater Chicago area, specializing in business banking while also offering personal banking services.

American Chartered Bank is headquartered in Schaumburg, Illinois, which is part of the greater Chicago area. This is a local bank that serves customers in and around Chicago. It has fifteen branch locations throughout Illinois. The bank was founded in 1987.

Business banking

American Chartered Bank specializes in business banking products for small and mid-sized businesses. They offer small business loans, commercial loans, checking accounts and credit cards. Business customers can also get a free savings account, a high-yielding money market account or one of several CD options. Treasury management products, investment assistance and leasing help are some of the more advanced features that business customers can enjoy with this bank

Personal banking

Although specializing in business products, American Chartered Bank does offer personal banking services as well. They have several different savings account options including free accounts for special groups such as people over the age of 50 or people who choose direct deposit for their accounts. American Chartered Bank also offers personal IRAs, CDs, money market accounts, health savings accounts, debit cards, credit cards and even bank gift cards.

Customer satisfaction

Online reviews of American Chartered Bank are generally positive. A major reason reviewers cite as liking this bank is the customer service that they receive when going to the brick-and-mortar locations of the institution. Alternative options for interested customers include banking online and banking by phone.

FDIC coverage

Deposit accounts at American Chartered Bank are FDIC insured up to $250,000 per depositor.