Business moves fast, so you can’t afford to let the task of cash management slow you down. Ion Bank can help make it quick and easy. From Remote Deposit Capture, Merchant Card Services, Positive Pay to Payroll Processing, Fraud Prevention and Lockbox — equip your business with tools to improve your cash flow.
It’s cash management that puts you in control. So put it to work for your business today.
Cash Management Services
Remote Deposit Capture
Skip those daily trips to the bank and make deposits right from your desk at your business. With our Remote Deposit Capture services, you simply scan check payments and let simple, secure technology take it from there. Improve cash flow, lessen processing expenses, consolidate deposits from multiple locations, and learn about returned items in less time.
Simplify doing business on your own terms. ACH Origination allows you to cut out the hassle of check writing and balancing. Funds are transferred quickly and more efficiently, giving you time to focus on running your business.
Initiate domestic and International USD wire transfers through our Business iBanking Wire module. The quickest, most convenient way to send money.
Checks are the single most vulnerable monetary instrument for fraud. Reduce check and ACH fraud and streamline your Account Reconciliation process with Positive Pay. Provide us with a daily accounting of your check writing activity and set ACH criteria with specific allowable rules, customized by you, and we’ll match it to any transactions against your account. If any exceptions occur, you will receive notification via email to view the item, where you can then make the decision to pay or reject the transaction.
Zero Balance Accounts
Consolidate your funds automatically into a master account and disburse funds to subsidiary accounts as needed. Pooling cash allows you to more effectively fund accounts that you use infrequently or take advantage of investment opportunities.
Insured Cash Sweep®
With our Insured Cash Sweep, businesses don’t have to decide between account safety and earning a return. Instead, our service gives your business account multi-million dollar FDIC protection. Ion Bank is part of the ICS® network.
Line of Credit Sweep
Reduce interest expenses on your Business Line of Credit by borrowing only what you need, when you need it. Money transfers into your checking account when it drops below a certain level and out when it exceeds a pre-determined amount to pay down the outstanding principal.
Ion Bank has partnered with Lighthouse Payment Services to offer an efficient, simplified method of processing your account receivables so you can do what you do best — run your business. To ensure timely deposit postings, PO Boxes are checked multiple times daily with same day imaging and processing.
RSA Security Tokens
The safety and security of your business is top priority, which is why we provide all of our ACH, Wire, and Positive Pay customers with RSA Security Tokens. RSA Tokens are the industry’s highest quality, multi-factor authentication device1 that ensures the transactions you complete online are protected. Take it with you on the go and conduct your business with the peace of mind that your transactions are secure anytime, anywhere.
Business Debit Mastercard®
From Post-Its to printer ink, make your everyday business purchases more efficient and manageable with our Business Debit MasterCard. Access to Card Services to set limits and alerts, Apple Pay, and iFreeze gives you even more control over your Business Debit MasterCard. You can also access cash surcharge-free at over 55,000 Allpoint ATMs worldwide.
Merchant Card Services
Offer greater payment options to customers while streamlining operations and growing revenue. This convenient card-processing solution allows your business to accept multiple credit and debit cards, electronic checks, gift cards, and other forms of payment.
Spend more time running your business and less time processing payroll. Enjoy customized payroll solutions to fit any size business.
Currency Advisory and Execution Services
Ion Bank partners with Bannockburn Global Forex to provide transactional, hedging, and analytical foreign exchange products to corporate and institutional clients both private and public.
Your business can be serviced through our network of branch offices. To ensure safe and rapid transportation of your deposits, we can also supply you with a list of local armored carriers.
Standby Letter of Credit
In certain business transactions, this document signifies good faith, proof of credit worthiness, and repayment. We customize the letter to the specific needs of your business.
Business Savings, Money Markets, and CDs
For strategizing to meet your company’s financial goals, find an array of competitively priced business-saving products.
1 Up to three provided per business free of charge