Small businesses, large
corporations, and non-profit organizations face complex challenges.
Industrial Bank can provide resources from day-to-day operating
accounts to customized cash management solutions. Available
to businesses of any size, let us customize our services to
ensure an optimum fit with your needs, assets and management
style. We’ll help you manage your finances with greater
ease, accuracy and organization than ever before.
Designed for businesses that have medium to high monthly
transactions. Using the account analysis system to calculate
monthly deposits and cash management charges, this service
will meet your funds management needs. It’s also great
for combining multiple accounts into a single relationship
to help offset service fees.
The Account Reconciliation provides the detailed information
you need to reconcile your general ledger with your bank statements.
We offer a full range of service levels, from check paid listings
to detailed transaction reports to full reconcilement and
check sorting services.
Business can eliminate idle balances, pool funds, enhance
cash forecasting and maximize the use of collected balances.
This makes remote office-to-HQ funds transfers highly efficient,
helping businesses make optimal use of capital. Funds can
be concentrated into a central location.
Electronic Disbursement Services
Industrial Bank can meet the electronic outbound processing
needs of companies that originate electronic fund transfers
through the Automated Clearing House (ACH) network. Our ACH
services provide improved efficiencies over traditional paper-based
alternatives, especially for payroll, corporate trade and
tax payments, etc. And, for those who wish same-day money
transfers, complete wire transfer services are also available.
Provides businesses with the capacity to set up, perform
and track ACH transactions all from the convenience of the
office. NACHA formatted files can be generated and maintained.
- Debit file Processing
- Payroll file Processing
- Electronic Federal Tax Services/ State included
Sweep Investment Account
A safe and easy method to maximize investable funds while
maintaining liquidity. Excess funds are automatically invested
on an overnight basis.
Zero Balance Account
This service consolidates deposits into one central account
improving your ability to manage and invest funds. It provides
automatic funding of disbursement accounts or automatic transfers
of deposits to an operating or investment account.
Industrial Bank’s Lockbox services turn your company’s
incoming receivables into usable cash with maximum speed,
efficiency, and accuracy. It reduces mail and processing time,
reduces check clearing float and administrative expense. Our
professional staff is poised to help you design a program
just for your specific needs.
An alternative to traditional check-based payroll, pay cards
allow you to eliminate the cost of printing checks. Employee
pay is electronically loaded onto a pay card, similar to a
debit card. Your employees will appreciate the convenience.
No standing in line to cash paychecks anymore!
Online Wire Transfers
Quickly and easily send secure recurring and non-recurring
wire transfers from your Industrial Bank accounts.
Save time, money and space on record-keeping, filing and
storage by storing your monthly and annual statements on a
compact disk (CD). With this easy-to-use Windows-based product
you will be able to sort, search and print items from your