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INTERNET BANKING
Business Online Banking is SBT's internet banking solution
offering real-time online reporting of all transactions for our
customers' accounts and commercial loans. Business Online Banking
uses the most advanced encryption and authentication protocols
available for the Internet. Our customers
have access to the following services:
- Internal funds transfers between SBT accounts
- Initiate ACH transaction files
- Comprehensive information reporting
- View current and previous month statements
- View current and pending transactions in "real time"
- View loan balances and payments
- Create stop payments and view all stop payments on file
- Accounts can be grouped by customer-established criteria
- Download all activity on statements to your current
accounting software
- Print statements or other screens anytime>top
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SWEEP INVESTMENT
ACCOUNTS
With a sweep investment account, SBT's commercial banking customers earn income on excess balances that
are swept automatically each night, invested and transferred back
the next day to meet daily operating requirements. With a sweep investment account, your business will enjoy:
- Increased revenue from excess or dormant balances
- Daily access to funds via Internet banking or Bank-by-Phone >top
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LOCKBOX
SERVICES - RETAIL & WHOLESALE
SBT's regional wholesale and retail lockbox remittance services
give our customers faster access
to their funds by reducing mail float, processing and funds
collection time. Several options are available to maximize
collections and reduce expenses related to collecting, clearing and
reconciling receivables.Wholesale
Lockbox Remittance Collection:
- Accelerates cash flow through improved availability of funds
- Reduces processing costs
- Increases security and audit controls
- Offers daily deposit reports
Retail Lockbox Remittance Collection:
State-of-the-art remittance processing technology helps our
customers clear checks, reduce mail float and improve funds
availability. Receivables specifications are customer-defined
and information can be formatted for transmission, CD-ROM or paper
reporting. >top
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ZERO BALANCE
ACCOUNTS
Benefit from the elimination of excess balances in multiple
accounts. Zero balance accounts are funded from a single master
operating account by automatically transferring excess funds at the
end of each business day to the master account. Integrated with a
sweep investment account, invested excess balances can be the most
effective way of handling daily idle cash. >top
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ACH ORIGINATION
ACH services are a daily requirement for companies, not-for-profit
associations, municipalities and school districts to concentrate
their funds, create payroll direct deposits, pay vendors, and debit
customers for services on a daily, weekly or monthly frequency. SBT
offers several options for our customers to create and send ACH
debit/credit files.
A component of our Business Online Banking system, Premier ACH
enables our customers without ACH file capability
to set up true NACHA files for direct deposit, concentration from
other financial institutions and
tax payments. >top |
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PAYROLL DIRECT DEPOSIT
SBT works directly with human resource departments and third party
payroll providers to arrange safe convenient direct deposit into
employee checking accounts. >top |
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POSITIVE PAY ACCOUNT
To minimize the potential risk of exposure from fraudulent payments, Positive Pay
provides SBT customers with the ability to make "pay"
or "return" decisions before checks clear the disbursement account.
Our customers retain control over each exception item and choose to
either authorize payment or return the check. Files can be sent
daily or as often as checks are issued. Checks
presented for payment are compared with the customer's file
and any discrepancies are immediately reported minimizing exposure
to fraudulent checks and providing a
tool for authorizing payment or return exception items. >top |
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CONTROLLED DISBURSEMENT
Our customers are notified each morning of the total amount of
debits to be paid on their account that day. By funding the account
with just enough to cover the disbursements by wire or internal
transfer, our customers can maximize return on surplus cash and
minimize borrowing. >top |
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MERCHANT
SERVICES
SBT partners with credit card processors
specially selected for their ability to deliver high
quality customer service and satisfaction in a custom-designed
package. >top |
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COMMERCIAL CASHIERING SERVICES
In Northern Illinois and the Chicago metro area, SBT partners with
major armored courier companies to deliver state-of-the-art cashiering services
in a secure and computerized environment. Our branches are
strategically located in high volume retail areas in the Suburban
Chicago area. Secure online deposit
reporting information is available daily. >top |
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CHECK IMAGE DELIVERY
SBT's image technology offers a quick and convenient
method to access and retrieve paid check data.
Information is available by CD-ROM, printed off of Business
Online Banking and/or exported to other PC and accounting applications.
- Access check images
- View paid check and endorsement information
- Eliminate costs associated with check storage >top
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TAX PAYMENT SERVICES / EFTPS
SBT offers tax payment services including
direct payments made online via the Internet. >top |
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WIRE
TRANSFER - DOMESTIC & INTERNATIONAL
SBT customers benefit from precise timing of payments as high dollar
transactions can be completed quickly, maximizing the use of their
funds. Repetitive wire transfers can be set up per
customer-specified
criteria, eliminating the need for daily instructions. >top |
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ACCOUNT
ANALYSIS
SBT business customers benefit from a consolidated statement
detailing all of their
accounts, fees and balances. An earnings credit calculated from
average balances is used to offset fees associated with
services delivered. Because Account Analysis is flexible, we can
tailor it to meet your cash flow requirements. Account analysis offers:
- Detailed description of all account charges and transactions
- Competitive earnings credit allowance on account balances
- Account grouping allows multiple account balances to offset
charges
- Programs available to accommodate seasonal businesses
- Monthly statements available online >top
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REMOTE DEPOSIT SERVICE
SBT Remote Deposit Service allows you to make electronic deposits anytime using a desktop scanner that connects to your PC and the Internet. Desktop scanner scans both sides of checks received from customers in a single pass. The checks are automatically read and the deposit is totaled. Click SUBMIT and the deposit is transmitted through a secure Internet connection to SBT. Funds are then deposited into your account.
Using Remote Deposit Service offers several advantages:
- Quick and accurate deposit preparation.
- Convenience of 24/7 deposits.
- Reduced transportation costs for trips to the bank to make deposits.
- Ability to consolidate deposits to SBT from one or more remote locations.
- Faster check clearing and access to funds.
- Secure data transmission with password protection, firewalls & 128-bit encryption. >top
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