Convenient Commercial Banking
Services That Save You Time and Money
At Elgin State Bank, we make managing your company’s finances easy. Our Cash Management services provide you with convenient, 24/7 electronic access to your money when you need it, on weekends and after hours. You also get top-quality financial products and services that save you time and money, and let you concentrate on running your business.
With our professional Cash Management service, you get the resources and financial tools you need to stay on top of your business finances, along with the straight answers and personal service you’ve come to expect from us in all of your business banking.
Originally best known for the direct deposit of payroll, Elgin State Bank counsels our clients on how best to use this electronic tool to help meet their needs—that's what professional banking is all about, isn’t it?
Many of our clients use ACH to deposit payroll directly to employee accounts. That means:
No more lost checks.
No stop payment fees on payroll checks.
Employees in other states can be paid just as quickly as local employees.
Employees don’t have to take time off work to pick up checks or make deposits.
Direct deposit is a good employee benefit made even better by our Platinum Employee Program, which features numerous additional benefits and discounts added to our incredible assortment of products and services.
And many of our clients use ACH to accelerate accounts receivable collections:
Distributors debit client accounts at agreed upon dates for purchases.
Clubs use ACH to retrieve membership dues each month.
ACH helps church members designate a periodic donation—regardless of attendance.
Property managers collect rents per the lease agreement.
Elgin State Bank keeps working to keep our clients on the leading edge of cash management convenience and security.
ACH can be combined with any of our many cash management products to make managing the company’s money more convenient than ever.
Cash Management is moving money and retrieving information as quickly as possible—an invaluable resource in today’s fast-paced economy.
Your Elgin State commercial banker can show you exactly what cash management can do to help your business succeed – call 1-847-888-7950 today.
What do you get when you combine encrypted security with ultimate banking convenience? eSCAN!
Designed to help your business save time and money, eSCAN lets you deposit checks directly from your office. With eSCAN, the hassle and stress of getting deposits to the bank on time are a thing of the past. The benefits are numerous.
What you get with eSCAN:
The ultimate convenience of depositing checks at your desk.
Technology that “reads” the check amount--so you don’t have to enter it.
You can view deposited checks for up to two years (and order images for another two years after that).
Extended deposit access.
Quick and easy deposits without filling out deposit slips.
What you don’t get with eSCAN:
No more having to ask, “Did someone drive the deposit to the bank”
No more waiting days for copies of deposited checks.
No more rushing to the bank to make the business day cutoff time.
No more deposit slips to pay for and fill out.
Elgin State Bank is working to keep our clients on the leading edge of cash management convenience and security.
eSCAN is only one of our products designed to make banking easier, allowing you and your business to do what you do best.
Cash Management is moving money and retrieving information as quickly as possible—an invaluable resource in today’s fast-paced economy.
Your Elgin State commercial banker can show you exactly what cash management can do to help your business succeed – call 1-847-888-7950 today.
Your employees are your most valuable asset – why are they spending their days opening envelopes? Elgin State Bank offers businesses time-saving Lock Box options that allow your employees to spend their time on revenue-producing activities.
Down to the last detail, our Lock Box operations can be customized to suit your specific requirements, including:
Scanning checks and documents.
Overnight return of copies.
Hourly post office retrieval.
Specific processing protocols.
Elgin State commercial bankers design Lock Box protocols for many different types of businesses, with outcomes focused on convenience and security. Our Lock Box services are ideal for:
Distributors and manufacturers receiving a large number of payments.
Property management companies.
Professional firms, such as physicians, attorneys, or accountants.
Charitable organizations conducting capital campaigns.
Companies with security concerns for incoming payments.
Elgin State Bank works to keep our clients on cash management’s leading edge, providing convenience and security.
Our advanced Lock Box services can be tailored to other cash management products to make managing your company’s money more convenient than ever.
Cash Management is moving money and retrieving information as quickly as possible—an invaluable resource in today’s fast-paced economy.
Your Elgin State commercial banker can show you exactly what cash management can do to help your business succeed – call 1-847-888-7950 today.
Increase and process your sales quickly and reliably with our Merchant Bankcard payment processing services. Lets you accept VISA® and MasterCard® payments at your site as an additional way for customers to make payments. Features a variety of quick and convenient processing options, and a detailed statement of transactions each month.
Accept VISA® and MasterCard® payments.
Detailed monthly statement.
Fast, reliable processing.
Start processing customer payments quickly and securely--call 1-847-888-7950 to speak with one of our commercial bankers.
Knowing the cash position is a key to running a business. That’s why we designed our Online Banking Service to provide instant access to your balances and activity for business checking accounts, money market accounts, and even lines of credits and loans. With it you can:
Retrieve and sort account activity.
View images of cleared checks and deposit slips.
Transfer funds between Elgin State Bank accounts.
Make payments to your Elgin State Bank loans.
Knowing the disbursements is a key to knowing the cash position. Electronic Bill Pay service keeps a record of disbursements made, which can be scheduled ahead of time for disbursement up to a year later. Additional advantages include:
All payee information is saved for future use.
Payments can be one time, or automatically recurring.
Remittance detail can be included with payments.
Payment information can be exported to Quickbooks.
Electronic payments eliminate mail delays.
Save money on checks, postage, and printing costs.
Many banks these days charge businesses for these services, but not Elgin State Bank. Because we understand the importance of both Online Banking and Bill Pay services, and what they provide to a company striving to succeed,
we offer both of these services at no additional cost to you.
Elgin State Bank works to keep our clients on cash management’s leading edge, providing convenience and security.
Our Online Banking and Bill Pay services can be part of a complete cash management plan to make managing your company’s money more convenient than ever.
Cash Management is moving money and retrieving information as quickly as possible—an invaluable resource in today’s fast-paced economy.
Your Elgin State commercial banker can show you exactly what cash management can do to help your business succeed – call 1-847-888-7950 today.
We partner with our commercial clients to offer their employees the Platinum Employee Program. This direct deposit program provides an incredible assortment of products and first class service, making it an unbeatable combination that we are proud to extend to your employees.
Contact your commercial banker today and find out how your employees can begin to enjoy the VIP services offered by Elgin State Bank.
When it absolutely positively cannot be there overnight, send a wire transfer. In the blurring pace of today’s economy there are numerous times when money must arrive not in days, not in hours, but in minutes. And since money can’t be faxed, businesses turn to Elgin State Bank to wire transfer.
Elgin State commercial bankers help clients use wires for many reasons, including:
Distributors wire transfer funds for out-of-state or overseas inventory purchases.
Attorneys and property managers fund closings with wire transfers.
Emergency funding to remote offices.
Trusted payment source in new relationships.
Verifiable tracking for domestic wire transfers.
Wire Transfers can be placed directly from your desktop. Traditionally wire transfers involved a trip to the bank, then by phone, or by fax. Elgin State Bank allows our clients to initiate wires over a secure, encrypted connection that eliminates duplicate entry of repeated wires.
Elgin State Bank works to keep our clients on cash management’s leading edge, providing convenience and security.
Wire Transfers capability can be combined with any of our cash management products to make managing your company’s money more convenient than ever.
Cash Management is moving money and retrieving information as quickly as possible—an invaluable resource in today’s fast-paced economy.
Your Elgin State commercial banker can show you exactly what cash management can do to help your business succeed – call 1-847-888-7950 today.
Elgin State Bank | 1001 S. Randall
Road | Elgin, IL 60123 USA | Phone: 1-847-888-7950
