Treasury Management

Independence Bank wants to make sure you don’t waste two of the most important business assets – time and money. Our Treasury Management services help you reduce your workload while increasing profitability.

Online Banking Information Services (Reporting Only)

  • Access previous day’s account balances and transactions
  • Transfer funds between Independence Bank accounts
  • Download to Quicken®, QuickBooks® or MS Money®*
  • View cleared check images
  • Reorder checks

Treasury Management (ACH Origination)

Includes all features of information reporting, including:

  • Direct deposit of payroll
  • Cash concentration or disbursement
  • Vendor payments
  • Represented checks
  • Bill payment
  • Electronic Data Interchange (EDI)

I-Deposit (Remote Deposit Capture)

Make your bank deposits from anywhere, anytime with our convenient web-based remote-deposit capture service.

  • Reduce trips to the bank
  • Eliminate costs related to transporting checks to the bank
  • Track and manage deposit activity across multiple store locations
  • Receive free scanner with select accounts
  • Download the I-Deposit brochure here for more information

Sweep to Line Of Credit

Make your money work harder for you with benefits that include:

  • Excess collected balances that are moved to a business line of credit each night, reducing interest expense
  • Funds are pulled from the line of credit to cover checks presented against the checking account, which decreases idle funds

Zero Balance Account

Designed to be used either as a concentration or disbursement system, this account:

  • Operates like a normal checking account
  • Automatically generates transfers to or from the concentration account, bringing the account balance to zero, after all the debits and credits have posted
  • Allows your company to segregate various disbursement functions such as payroll, while eliminating pre-funding of separate accounts
  • Eliminates overdrafts, over-funding and manual transfer of funds and allows control from one central account

*Visa® is a registered trademark of Visa, Inc., in the United States and other countries; MasterCard® is a registered trademark of MasterCard Worldwide and its subsidiaries in the United States; American Express® is a registered trademark of American Express Company; and Discover® Card is a registered trademark of Discover Bank, all used with permission.