Checking

For nearly 50 years Pan American Bank has been committed to providing its customers with quality and affordable checking products.  We know that our customers need banking services which fit their lives. That’s why we offer a variety of personal checking accounts.

Checking Account

Description
This account provides consumers with an economical checking account that comes with all the bells and whistles of more expensive accounts found elsewhere.  The Consumer Checking Account is a non-interest bearing account with NO MONTHLY FEES and NO MINIMUM BALANCE REQUIREMENT plus a low opening deposit of only $100.

Benefits

  • Free ATM Card or MasterCard Debit Card
  • Free ATM transactions at any Pan American ATM and participating Allpoint Network ATMs
  • Free Internet Banking
  • Free Bill Pay
  • Free 24 hour automated phone banking
  • No deposit limitations (you may make an unlimited number of deposits into your account!)
  • COMING SOON (2014):  Mobile banking!!!

Minimum Balance / Requirements
Opening balance of $100

Service Charge
None

NOW Checking Account

Description
Looking for a checking account that also pays you interest?  Try Pan American Bank’s Consumer NOW Checking Account.  This account gives you all the benefits of our Consumer Checking Account with the added benefit of interest.  Take a look below to see if this is an account that meets your needs.

Benefits

  • Free ATM Card or MasterCard Debit Card
  • Free ATM transactions at any Pan American ATM and participating Allpoint Network ATMs
  • Free Internet Banking
  • Free Bill Pay
  • Free 24 hour Automated phone banking
  • No deposit limitations (you may make an unlimited number of deposits into your account!)
  • COMING SOON (2014):  Mobile banking!!!

Other Features

  • Interest is compounded daily
  • Interest is credited into the account monthly
  • Interest is NOT credited to the account if the account is closed PRIOR to the statement date
  • Interest is calculated using the daily balance method
  • Interest begins to accrue on the business day that a deposit is made

Minimum Balance / Requirements
The minimum opening balance for this account is $1,500.  A minimum daily balance of $1,000 must be maintained to  avoid a service charge.

Service Charge
This account will be assessed a $10 service charge fee per statement period.  This fee is waived if the account maintains a minimum daily balance of $1,000.

Debit Transaction Fee
A debit transaction fee of $0.30 is assessed for each debit transaction in a statement cycle where the minimum daily balance has fallen below $1,000.

Contact us at (323) 264-3310 to request the current Annual Percentage Yield (“APY”) as well as to request a copy of the complete account disclosure.

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