Frequently Asked Questions

Find answers to common questions about our accounts, services, and online banking. Can't find what you're looking for? Contact our support team.

All Questions General Banking Accounts Credit Cards Loans Online Banking Security
What do I need to open a bank account?

You'll need a valid government-issued ID (driver's license, state ID, or passport), your Social Security number, and your current address. For joint accounts, both applicants need to provide identification. Business accounts require additional documentation including EIN and business formation documents.

Are my deposits insured?

Yes, all deposit accounts are FDIC-insured up to $250,000 per depositor, per ownership category. This means your money is protected by the full faith and credit of the United States government. For business accounts, we offer additional insurance options through our CDARS and ICS programs for deposits exceeding $250,000.

How do I access online banking?

Visit our website and click "Online Banking" at the top of the page. First-time users should click "Enroll Now" and follow the prompts to set up your account. You'll need your account number and the last four digits of your Social Security number. Once enrolled, you can access your accounts from any device with internet access.

What should I do if my card is lost or stolen?

If your card is lost or stolen, take immediate action: 1) Lock your card instantly through the mobile app, 2) Call our 24/7 hotline at 1-800-555-HELP, 3) Review recent transactions for unauthorized charges. We'll expedite a replacement card and ensure you're not liable for fraudulent transactions when reported promptly.

How do I avoid monthly service fees?

Each account has different fee waiver options. For personal checking, maintain minimum balances or set up direct deposit. For savings accounts, keep minimum daily balances. Business accounts may waive fees with minimum balances or transaction volumes. Check your specific account terms or contact us for options.

How do I dispute a transaction?

You can dispute a transaction through online banking by selecting the transaction and clicking "Dispute Transaction." You can also call our customer service line or visit any branch. Disputes should be filed within 60 days of the statement date showing the error. We'll investigate and typically resolve within 10 business days.

Accounts

What's the difference between checking and savings accounts?

Checking accounts are designed for everyday transactions with unlimited withdrawals, debit card access, and check writing. Savings accounts are for accumulating funds with limited withdrawals (6 per month) but typically earn higher interest. Many customers use both – checking for daily expenses and savings for emergency funds and goals.

Can I open an account online?

Yes! You can open most personal accounts online in minutes. Business accounts may require additional verification and can be started online but may need a branch visit for final approval. Visit our "Open an Account" page to get started.

How do I close my account?

To close an account, visit any branch with valid ID, or call customer service. Ensure all checks have cleared and automatic payments are transferred before closing. A $25 fee applies if an account is closed within 180 days of opening. Funds can be transferred to another account or provided as a cashier's check.

Credit Cards

What credit score do I need to apply?

Credit score requirements vary by card. Cash Back and Travel cards typically require good to excellent credit (670+). Secured cards are designed for those building credit with scores as low as 580. Student cards are available for those with limited credit history. Check individual card pages for specific requirements.

How do I redeem my rewards?

Cash back can be redeemed as statement credits, direct deposits to your checking account, or checks. Travel points can be redeemed through our travel portal for flights, hotels, and car rentals, or transferred to partner loyalty programs. All redemptions can be done through online banking or our mobile app.

What is the APR on balance transfers?

Balance transfer APRs vary by card. Many cards offer introductory 0% APR for 12-15 months on balance transfers completed within the first 60 days. After the introductory period, the standard variable APR applies (typically 13.99% - 22.99%). A balance transfer fee of 3% applies ($5 minimum).

Loans

How quickly can I get a loan?

Personal loans and lines of credit can fund in as little as 1-2 business days after approval. Auto loans can be approved same day for dealer purchases. Mortgages and commercial real estate loans typically take 30-45 days. Equipment financing usually funds within 5-7 business days.

What's the difference between secured and unsecured loans?

Secured loans require collateral (like a house or car) and typically offer lower interest rates. Unsecured loans don't require collateral but may have higher rates based on creditworthiness. Secured loans may allow higher borrowing amounts and longer terms.

Can I pay off my loan early?

Yes! Most of our loans have no prepayment penalties. You can make extra payments or pay off your loan entirely at any time without additional fees. This can save you money on interest over the life of the loan. Check your specific loan agreement for any exceptions.

Online Banking

How do I reset my password?

Click "Forgot Password" on the login page. You'll be prompted to verify your identity using your account number, Social Security number, and either email or text verification. You can then create a new password immediately. For security, choose a strong password you haven't used before.

Is mobile banking free?

Yes, the Ashmore Trust mobile app is free to download and use. However, standard mobile carrier data charges may apply. Check with your mobile provider for details about your data plan. All mobile banking features including check deposit, bill pay, and transfers are included at no additional cost.

What is the mobile check deposit limit?

Mobile check deposit limits vary based on your account history and relationship. New users typically start with a $2,000 daily limit and $5,000 monthly limit. Limits may increase over time as you establish a positive banking history. Business accounts may have higher limits.

Security

How do I report fraud?

If you suspect fraud, call our 24/7 Fraud Hotline immediately at 1-800-555-FRAUD. Lock affected cards through the mobile app. Change your online banking password. Review recent transactions. The faster you report, the better chance we have of recovering funds. We'll guide you through the resolution process.

What is two-factor authentication?

Two-factor authentication adds an extra layer of security by requiring two forms of verification: something you know (password) and something you have (your phone). When enabled, you'll receive a one-time code via text or authenticator app when logging in from new devices. We strongly recommend enabling this feature.

How can I protect myself from phishing?

Never click links in unsolicited emails or texts claiming to be from your bank. Ashmore Trust will never ask for your password, PIN, or full Social Security number via email or text. Verify communications by calling our official customer service number. Use our mobile app or type our website address directly into your browser.

What do I need to open a bank account?

You'll need a valid government-issued ID (driver's license, state ID, or passport), your Social Security number, and your current address. For joint accounts, both applicants need to provide identification. Business accounts require additional documentation including EIN and business formation documents.

Are my deposits insured?

Yes, all deposit accounts are FDIC-insured up to $250,000 per depositor, per ownership category. This means your money is protected by the full faith and credit of the United States government. For business accounts, we offer additional insurance options through our CDARS and ICS programs for deposits exceeding $250,000.

What are your current interest rates?

Interest rates change regularly based on market conditions. For current rates on savings accounts, money market accounts, and CDs, please visit our Rates page. For loan rates, use our online calculators or speak with a loan officer for a personalized quote based on your credit profile.

What's the difference between checking and savings accounts?

Checking accounts are designed for everyday transactions with unlimited withdrawals, debit card access, and check writing. Savings accounts are for accumulating funds with limited withdrawals (6 per month) but typically earn higher interest. Many customers use both – checking for daily expenses and savings for emergency funds and goals.

Can I open an account online?

Yes! You can open most personal accounts online in minutes. Business accounts may require additional verification and can be started online but may need a branch visit for final approval. Visit our "Open an Account" page to get started.

How do I close my account?

To close an account, visit any branch with valid ID, or call customer service. Ensure all checks have cleared and automatic payments are transferred before closing. A $25 fee applies if an account is closed within 180 days of opening. Funds can be transferred to another account or provided as a cashier's check.

What credit score do I need to apply?

Credit score requirements vary by card. Cash Back and Travel cards typically require good to excellent credit (670+). Secured cards are designed for those building credit with scores as low as 580. Student cards are available for those with limited credit history. Check individual card pages for specific requirements.

How do I redeem my rewards?

Cash back can be redeemed as statement credits, direct deposits to your checking account, or checks. Travel points can be redeemed through our travel portal for flights, hotels, and car rentals, or transferred to partner loyalty programs. All redemptions can be done through online banking or our mobile app.

What is the APR on balance transfers?

Balance transfer APRs vary by card. Many cards offer introductory 0% APR for 12-15 months on balance transfers completed within the first 60 days. After the introductory period, the standard variable APR applies (typically 13.99% - 22.99%). A balance transfer fee of 3% applies ($5 minimum).

How quickly can I get a loan?

Personal loans and lines of credit can fund in as little as 1-2 business days after approval. Auto loans can be approved same day for dealer purchases. Mortgages and commercial real estate loans typically take 30-45 days. Equipment financing usually funds within 5-7 business days.

What's the difference between secured and unsecured loans?

Secured loans require collateral (like a house or car) and typically offer lower interest rates. Unsecured loans don't require collateral but may have higher rates based on creditworthiness. Secured loans may allow higher borrowing amounts and longer terms.

Can I pay off my loan early?

Yes! Most of our loans have no prepayment penalties. You can make extra payments or pay off your loan entirely at any time without additional fees. This can save you money on interest over the life of the loan. Check your specific loan agreement for any exceptions.

How do I reset my password?

Click "Forgot Password" on the login page. You'll be prompted to verify your identity using your account number, Social Security number, and either email or text verification. You can then create a new password immediately. For security, choose a strong password you haven't used before.

Is mobile banking free?

Yes, the Ashmore Trust mobile app is free to download and use. However, standard mobile carrier data charges may apply. Check with your mobile provider for details about your data plan. All mobile banking features including check deposit, bill pay, and transfers are included at no additional cost.

What is the mobile check deposit limit?

Mobile check deposit limits vary based on your account history and relationship. New users typically start with a $2,000 daily limit and $5,000 monthly limit. Limits may increase over time as you establish a positive banking history. Business accounts may have higher limits.

How do I report fraud?

If you suspect fraud, call our 24/7 Fraud Hotline immediately at 1-800-555-FRAUD. Lock affected cards through the mobile app. Change your online banking password. Review recent transactions. The faster you report, the better chance we have of recovering funds. We'll guide you through the resolution process.

What is two-factor authentication?

Two-factor authentication adds an extra layer of security by requiring two forms of verification: something you know (password) and something you have (your phone). When enabled, you'll receive a one-time code via text or authenticator app when logging in from new devices. We strongly recommend enabling this feature.

How can I protect myself from phishing?

Never click links in unsolicited emails or texts claiming to be from your bank. Ashmore Trust will never ask for your password, PIN, or full Social Security number via email or text. Verify communications by calling our official customer service number. Use our mobile app or type our website address directly into your browser.

Still Have Questions?

Can't find the answer you're looking for? Our customer support team is here to help.