Indiana Business Bank offers a wide range of payment solutions to help you manage your daily cash position accurately and effectively. These flexible, comprehensive services provide convenient ways to manage funds and invest excess funds. We offer you the means to reconcile your accounts payable system efficiently and, at the same time, monitor for fraud. Our accounts payable services include the following.
Business Credit Sweep Account
This account is designed to help businesses minimize idle cash balances.
Reduce excess balances and increase your return on available funds with Indiana Business Bank's Business Sweep Account. A sweep account allows your business to keep enough money in its checking account to cover all day-to-day expenses and automatically invests any excess cash at the end of each day. Each day, excess balances - in $1,000 increments - above a target balance are transferred from your business checking account to an interest bearing account. Earn interest on excess funds effortlessly without having to meet large investment minimums. We offer you a choice of different investment options from corporate bond funds to stock index funds.*
Business Credit Card
Monitor entertainment, travel, and related expenses with accurate, detailed record keeping provided by an Indiana Business Bank Visa Credit Card.
Zero Balance Accounts (ZBAs)
With Zero Balance Accounts, checks are written or deposits are made and the net balance is transferred to a concentration account. Check debits and deposit credits are transferred separately. ZBAs ensure that excess funds do not stand idle in multiple accounts and eliminate the need to initiate account transfers. You get centralized, single account control and the ablilty to view all daily activity.
*Not a deposit account and not may not be insured by the FDIC.