- Direct Deposit/Direct Payment - ACH -
Deposit your employee payroll directly into their
checking or savings account with Direct Deposit.
Direct Payment allows you to collect payments
electronically from your customers with a
written authorization, as well as pay your
vendors electronically. ACH
rules training my apply.
- Wire Transfers - Transfer money to
other banks electronically.
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Account
Analysis TheBANK of Edwardsville's
Account Analysis can be used to aggregate the funds
from multiple accounts to maximize the benefit of
earnings credit from high-balance accounts and apply
it to high-activity accounts. This is a benefit for
companies who have two or more accounts with varying
balances and activity. Combined activity fees, if
applicable, are charged to one designated account.
Positive Pay
Protect your company from fraud by providing TheBANK
of Edwardsville with a file containing a list of all
of the checks that you have issued. We will verify
that all incoming checks match the issued check file
that you have provided.
* This product requires manual
data entry from a member of the company staff.
ACH Blocking
Protect your company from electronic fraud by
providing TheBANK of Edwardsville with a list of
businesses that you have given permission to
electronically debit your account. If an electronic
debit processed does not match the list that you
have provided it will be returned.
Sweep Accounts/Investment and Lines of Credit
Sweep accounts can provide your company
with a way to earn interest on your checking
account. A line of credit can also be used to sweep
funds to your account as necessary to meet your
current needs.
- Deposit Checks
Without Leaving the Office.
Eliminates transportation time and costs.
- Make Your Deposit
When It's Convenient for You.
Deposits can be made after banking hours and on
weekends.
- Improve Your
Availability Funds.
Your check deposits are processed quicker
allowing collections to begin sooner.
- Reduce Your Fraud
Risk.
Returned items are identified quicker
allowing collection to begin sooner.
All of this is available to you through a secure
internet connection. The equipment and training are
available to you through TheBANK of Edwardsville.
CheckCollect can electronically collect your
return checks, and we will pay you 100% face
value! It's fast and east. It's safe and easy.
It's safe and secure. This FREE service
from TheBANK automatically images your return
checks, enters important data, provides you with
daily reports, and most importantly,
electronically re-presents the item
automatically. Just
think...this could be the last time you have to
deal with NSF checks.
- Competitive
Commercial Checking & Savings Account
- Statement Style Image Disk,
Online Statement, Fax Statement, and
Image Statement
- Electronic Federal Tax Payment
System (EFTPS) Make federal tax
deposits electronically.
- Remittance Processing/Lockbox
Services We can process payments
from your customers. We will collect the
payments from a lockbox, process the
items and provide documentation for your
records.
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Equal Housing Lender | Member FDIC