Tired of running back and forth to deposit your business checks at the bank?
With Remote Deposit you can eliminate trips to the bank and use your time for things you want to do!
Call Nancy Allred today for more information!
708.450.4100
First Suburban National Bank offers a wide variety of Cash Management Services and products to assist our business customers in managing their money more effectively. To learn more about how we can tailor a package to meet your needs please email us or phone us at 708.450.4100.
Services include:
- Sweep Accounts
- Payment Services
- Online Banking Services
- Online Cash Management Services
- Merchant Processing
- Lockbox
- Pricing
Sweep Accounts
First Suburban National Bank offers three types of sweep accounts designed for clients who want to maximize their use of excess funds.
- Investment Sweep - Funds over a target balance in a Commercial Checking account can be swept into an interest bearing account.
- Funds Manager - Businesses that have multiple Commercial Checking accounts and/or a line of credit can avoid overdrafts and idle excess balances using First Suburban's Funds Manager. Balances over a preset amount in a Commercial Checking account can be swept daily to pay down a line of credit. Available funds can also be swept from a line of credit or Commercial Checking account to another Commercial Checking account to avoid an overdraft.
- Zero Balance Account - This product allows businesses to have separate accounts for separate functions, such as payroll, but carry no balances in those accounts. When checks from a zero balance account are presented for payment, funds are swept from a main account to cover those checks.
Payment Services
ACH Services
ACH (Automated Clearing House) Services enables you to electronically transfer or make payments to various payees.
Stop Payment Services
Place a stop payment on a check simply by calling your customer service representative.
Wire Transfers
Wire transfers allow the fastest and most precise timing of funds transfers anywhere in the United States.
These services are also available through Online Banking Services.
Online Banking Services
First Suburban National Bank's Online Banking Services provide basic account information around the clock from the convenience of your office or home. Click here for a demo. You can view current transactions, determine available balances, print your previous 3 statements, view detailed account information and items paid, and transfer money between accounts. You can also view up to 90 days of account history.
Online Banking Services hold tremendous potential for cutting costs in terms of operations and transactions. By conducting fewer paper-based transactions and more electronic transactions, your company can save on these costs immediately and over the long term. Costs per transaction via the Internet are significantly lower than paper-based transactions.
We employ state-of-the-art technology to keep your account information secure. All information is encrypted and access requires passwords that only you know. These are just a few of the security measures we have taken to ensure your confidentiality.
Online Cash Management
First Suburban National Bank provides an array of Online Cash Management Services to best meet the needs of your business. The Online Cash Management Services are designed to allow for simplicity and convenience you desire to perform daily activities.
Click here for a demo.
Direct Deposit
Direct Deposit service allows you to automatically deposit employees' payroll directly into their checking or savings accounts. By doing this method of payment services, you are reducing the cost of maintaining a paper based payroll system.
Automated Debits and Credits
Online Banking allows you to create recurring transactions such as your employees' payroll. You can also create transactions to move money among your accounts, make corporate payments, vendor payments, and tax payments.
Bill Pay
With First Suburban's Bill Pay service you can pay your bills online. Pay anyone, anytime in one convenient place. Save money on stamps, envelopes, and late fees.
Wire Transfers
Initiate wires through our Online Cash Management System to avoid filling out forms and faxing them to the bank.
Merchant Processing
The ability to accept multiple payment options from customers is very important in today's competitive retail environment. Merchant Processing allows any size business to accept credit and debit cards as payment for their goods or services. This service is highly cost-effective for companies of any size and provides your business with detailed records of the transactions processed. There are a variety of equipment choices available, from simple card-swipe units to electronic signature pads.
Lockbox
First Suburban's lockbox service will help businesses improve their conversion of accounts receivable to cash and reduce unnecessary trips to the bank. By setting up a lockbox, payments by check can be sent directly to the bank and deposited the same day into a Commercial Checking account. Depending on individual needs, there are a variety of daily reporting methods available.
Pricing
| Investment Sweep | |
| One time setup charge | $10 |
| Monthly | $10 |
| Funds Manager | |
| One time setup charge | $25 |
| Monthly | $25 |
| Zero Balance Account | |
| One time setup charge | $10 |
| Monthly | $10 |
| Merchant Processing | |
| Varies by activity | |
| Lockbox | |
| One time setup charge | $100 |
| P.O. Box charge | $50 annually |
| Option #1: Daily list of Checks collected | $50 monthly |
| Option #2: Daily images of Checks collected | $100 monthly |
