Maintaining an efficient and flexible cash flow cycle is a critical element to the success of your business. Our Treasury Management services will help you optimize available funds, improve operational efficiency, and increase financial stability.
Money Movement Services
When you can move funds quickly, you can maximize your cash flow management efforts. Automated Clearing House (ACH) and wire transfers are the fastest, most efficient methods to move money to and from individuals or businesses. Save time, reduce expense, and improve account security with electronic transactions.
ACH Payments
- Reduce the expense and hassle of writing paper checks by sending payments electronically
- Easily create and store your payment information in templates within Business Online Banking for future use
- Schedule onetime or repeating payments to individuals or businesses with proper authorization
- Great tool for sending: direct deposit payroll, employee bonuses, employee reimbursements, commissions, disbursements, rent, pay vendors, etc.
ACH Collections
- Reduce the time and expense spent on collecting money by receiving payments electronically
- Easily create and store your collection information in templates within Business Online Banking for future use
- Schedule onetime or repeating collection transactions to individuals or businesses with proper authorization
- Great tool for collecting membership dues, fees, rent, charitable contributions, etc.
ACH File Upload
- Save time by uploading National Automated Clearing House Association (NACHA) formatted files created from your accounting or payroll software
- Submit ACH Debit and Credit transactions with proper authorization
- Files are verified to ensure they comply with NACHA standards
Online Wire Transfer
- The quickest way to send money to accounts within the United States or Internationally
- Create one time wires or wire transfer templates in Business Online Banking for future use
- Schedule same day, future dated, and/or recurring wire transfers
- Require additional approvals for wires to be sent (optional)
- Privileges and limits are customized for each user
*Fees apply for Treasury Management services.
Fraud Prevention Services
Payment fraud is a growing concern for all businesses. You can prevent unauthorized checks and ACH debits from posting to your accounts with our robust suite of fraud prevention services. You'll enhance overall security and have peace of mind that your accounts are protected.
Check Positive Pay
Protect your account from unauthorized and fraudulent checks. As you issue checks, you will submit a check "issue file" or manually enter information (check issue date, check number, and dollar amount) through Business Online Banking. As checks are presented to your account, they are matched with your check issue file. Checks that do not match are considered "exceptions" and a decision must be made to pay or return the items.
Check Positive Pay with Payee Matching
In addition to the check issue date, check number and dollar amount, you can include the payee name in your check "issue file." As checks are presented to your account, we will also validate the payee name.1 Checks that do not match the issue file (including payee name) are considered "exceptions" and a decision must be made to pay or return the items.
Reverse Positive Pay
All checks presented to your account will be presented as "exceptions" for you to review and make a decision to pay or return each check.
ACH Positive Pay
This service allows you to create rules that limit the ACH transactions that will be debited from your accounts. As ACH debit transactions are presented, they are matched to your payment rules. Transactions that do not meet the rules are considered "exceptions" and a decision must be made to pay or return the items. Payment rules can be created with the following criteria:
- Originating Company ID
- ACH SEC (standard entry class) code
- Dollar amount
ACH Debit Block
This service allows you to block all ACH debit transactions from posting to your accounts. Every incoming ACH debit transaction will be returned to the originator.
1Payee name must be typed on check to use this service. Handwritten checks are not accepted with this service.
*Fees apply for Treasury Management services.
Remote Deposit
Through Business Online Banking, you can submit checks for deposit without leaving your office. The Bank provides a scanner for you to image the checks and submit them electronically for credit to your accounts. Call or stop by your local Banking Center for more information.
*Fees apply for Treasury Management services.
Merchant Services
The ability to accept card payments can be crucial to the success of your business. With Merchant Services, your customers can pay you with their VISA® and MasterCard® debit cards and credit cards. Please contact your local Banking Center for more information.
*Fees apply for Treasury Management services.
Sweep Accounts
Maximize earnings or reduce loan interest expense with an automated sweep account. Each night excess balances are automatically transferred to an interest bearing account or used to pay down your line of credit. Funds are transferred back to the checking account the following day, so your money will be available when you need it. You can monitor transactions and balances through Business Online Banking and your monthly statement. Call or stop by your local Banking Center for more information.
*Fees apply for Treasury Management services.
Deposit and Reconciliation Services
Save time and efficiently reconcile your checking accounts and deposits from multiple locations through our Business Online Banking services.
Full Account Reconciliation
Submit a check "issue file" and we will provide you with monthly account reconciliation reports detailing your paid, outstanding, and voided checks along with any stop payment items.
Partial Account Reconciliation
Each month we will provide you with a list of paid checks and additional reports so that you can reconcile the account.
Deposit Reconciliation
Simplify the process of reconciling your deposits from multiple locations or business units that utilize the same account. Each location or business unit will use a unique location number on their deposit slips. You'll receive a report of the deposits sorted and subtotaled by location. The location numbers will also appear in your transaction history.
*Fees apply for Treasury Management services.
For Support:
Call 219-853-7630, Option 2
Email support at ibankpeoples dot com
To Learn More:
Samantha Vanosky
Vice President, Treasury Management Officer
Trinidad Chavez
Assistant Vice President, Treasury Management Sales Officer
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