Checking Accounts - iAB Financial Bank

Low Activity Business

The Low Activity Business account is designed for those businesses that maintain a lower balance and have minimal check writing and deposit activity. This account is typically used by businesses out of the home or others where transaction activity is limited.

Maintain a $500 average monthly balance to avoid the $7.50 monthly fee.
150 total debits or credits are allowed per month at no additional charge.
Just $0.50 per debit or credit over 150 per month.

*Automatic Overdraft Privilege of $1000 is available for approved applicants with no annual fee.

Small Business

For businesses with moderate check and deposit activity and moderate balances, consider our Small Business Checking account. Minimum balance requirement is based on three tiers allowing for more flexibility with monthly activity.

Average Monthly Balance	Monthly Fee
Less than $5,000	$10.00
$5,000 - $9,999	$7.00
$10,000 and over	NONE

400 total debits or credits are allowed per month at no additional charge.
$0.50 fee applies to each debit or credit over 400.
A tiered monthly fee is based on average balance.

*Automatic Overdraft Privilege of $1000 is available for approved applicants with no annual fee.

Business Analysis Checking

If your business maintains a higher balance and has a significant number of monthly transactions, the Business Analysis Checking account may be the right choice for you. You earn credit for the balances maintained in your account which is used to offset activity and maintenance charges. The earnings credit rate is established weekly and calculated on the last day of each month on the account's average collected balance, less iAB Financial Bank's legal reserve requirements.

Unlimited account activity
Account analysis statement
$15 monthly maintenance fee
$0.10 per electronic credit or debit
$0.05 per on-us item deposited
$0.10 per transit item deposited
$0.17 per paper check or debit
$0.35 per paper credit or deposit ticket
$0.05 per item deposited by Remote Capture
FDIC assessment ($.12/$100/yr)

Treasury Management/
Sweep Account

Maximize your return by managing your business cash flow. At the end of each business day, your Sweep Account takes the excess cash from your business checking account and moves it to an investment account overnight, allowing your funds to earn interest. In the morning, the funds are back in your checking account and ready to work. While these funds are not FDIC insured, we purchase Government Securities on your behalf to collateralize your funds. The automated sweep service may also be used to access a Line of Credit when needed as well as pay down a Line of Credit.

Must have a Business Analysis Account (regular fees apply)
Unlimited account activity
Interest is earned on funds swept into an investment account
Combined statement with checking account and sweep activity
Collected funds swept daily
$75 monthly fee sweeps to an investment account
$150 monthly fee sweeps to a line of credit
$200 monthly fee sweeps to both an investment account and a line of credit
$1,000 collected balance must remain in checking account

Additional Services

Re-order Checks

In a hurry? You can re-order your checks directly from Deluxe Checks.

Check Recovery

Let us improve your business life. Recovering bad checks on your time is trying, time consuming and often inefficient.
We can handle this tedious task for you - at no cost!

You receive 100% of face amount on dishonored checks recovered electronically
You will be reimbursed the fee charged to you by iAB Financial Bank for a returned deposited item and recovered electronically
You will experience a greater success rate and faster recovery of your money compared to traditional check collection methods
You have 24/7 live website access to your account activity (see images of checks) etc.
You need no special equipment or software to participate

Should you have any questions about this no-cost service, please contact your loan officer or branch manager.

Remote Capture

If cash flow is a significant issue for your business, you'll find iAB's Remote Capture service tremendously valuable.

With Remote Capture, checks that your business receives are scanned in at your office, verified, and funds are available in your account almost instantly. It's like having a bank right at your office.

Remote Capture's Advantages:

Improved cash flow
Increased transaction security
Reduced processing & transportation costs
Less processing time by employees

Click here to view a demo.

For more information about iAB's Remote Capture, please contact Deb Gamby with our Cash Management and
Electronic Banking Services at (260) 422-2265 or (855) 422-2264.