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

  • Access previous day’s account balances and transactions
  • Transfer funds between Independence Bank accounts
  • Download to Quicken®, QuickBooks® or Excel/CSV
  • View cleared check images
  • Reorder checks
  • Business Bill Pay
  • Pay Independence Bank loans
  • View statements

Treasury Management Online Banking*

Includes all features of information reporting, including:

  • Originate direct deposit of payroll
  • Cash concentration or disbursement
  • Vendor payments
  • Represented checks
  • Stop payments and domestic wire transfers
  • EFTP tax payments
  • EDI – Electronic Data Interchange reporting
  • Draft for collection of payments/donations
  • Multiple-user access
  • Dual-control option
  • Business Alerts
  • OOBA – Out of Band Authentication
  • Enhanced transaction reporting
  • International wire transfers

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
  • Utilize free scanner with eligible account types

Positive Pay

Once of the most effective tools available today to help reduce the risk of check fraud.

  • Matches the account number, check number and dollar amount of each check presented for payment against a list of checks previously authorized and issued by the company
  • Integrates with Independence Bank’s systems to provide an additional front line defense against check fraud
  • Provides online exception management that allows for businesses to make pay-or-return decisions
  • Alerts you by email if a check exception needs to be reviewed for a pay-or-return decision

Sweep to Line of Credit*

  • 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
  • Operates like a normal checking account
  • Transfers funds automatically to or from the concentration account after all debits and credits have posted, bringing the account balance to zero
  • 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

Lockbox Services

Our comprehensive Lockbox services provide a unified payment stream allowing businesses to improve cash flows, recover uncollected revenue and address aging accounts all within one system. In addition, receive powerful dashboards and reporting giving you insight to your accounts receivable process.

  • Real time processing and deposit activity
  • Eliminate filing and paper storage
  • Auto-post to customers accounts
  • Reduce manual data entry errors
  • Cash balancing of all transactions
  • Reduce rejects from billing system through Business Rules by paper
  • HIPPA Compliant
  • Dental Workflow Management

Mastercard® Purchase Card

No matter what you’re looking for in a credit card, we have an option to fit your business needs. Take advantage of extra benefits such as card and transaction management, detailed reporting, custom access, receipt scanning and so much more with the Mastercard Purchase Card.

  • Streamline processing and improve working capital
  • Replace paper invoices and manual systems, helping cut costs and provide valuable insight
  • Enhanced risk control, real-time controls and enhanced expense management with 360Control that will help your business thrive
  • Authorized user controls such as fuel, hotel, restaurants, car rental and maintenance, airline and entertainment
  • No Annual Fee
  • Visit our Mastercard Business Credit Cards page to view additional cards and compare benefits
  • Contact one of our Treasury Management Officers to apply

 

 

Mastercard and the Mastercard Brand Mark are registered trademarks of Mastercard International Incorporated.

*Subject to approval