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Collect and track a large number of payments received via the mail without having to open an envelope.
Lockbox allows businesses and organizations to streamline receipts. When your customers and business partners write you a check, you need to get those payments into the bank so that you can use the money. Lockbox services make that process more efficient than almost any business can hope for on its own.
Under this service, the payments made by customers are directed to a special post office box, rather than going to your company. The Bank will then go to the box, retrieve the payments, process them and deposit the funds directly into your company's bank account.
As benefits go, Lockbox banking provides your company with a very efficient way of depositing customer payments. This is especially beneficial if your company is unable to deposit checks on a timely basis. Let us do the work for you.
A simple, easy-to-read solution for receiving Electronic Data Interchange attached to ACH transactions.
For businesses with relatively few transactions with EDI-based partners, it doesn’t make sense to incorporate expensive EDI solutions. Itasca Bank & Trust Co. will automatically send you the electronic data attached to the ACH payment anytime your account receives one.
The EDI notification translates the EDI format and prints it out in human-readable form where people, rather than computers, can respond to the transaction.
We provide transfer services if you need to transfer funds from Itasca Bank & Trust Co. to another financial institution either domestically or internationally, or you need to have funds sent here from another financial institution.
Visit one of our branches and meet with a Relationship Banker to send your wire transfer.
The following is required to assure proper credit to the receiver:
Name, address, routing number or swift code
Name, address, phone number, and account number
| Transfer Type | Fee |
|---|---|
| Outgoing (Domestic) | $30.00 |
| Outgoing (International) | $50.00 |
| Incoming | $12.00 |
Wire transfer requests must be conducted in person unless a prior agreement is in place. Speak to a Relationship Banker about adding domestic wires to your Business or Commercial Online Banking. Itasca Bank's routing number is 071922175
Wire transfers are a fast and secure way to send and receive money. At a time when financial fraud is becoming increasingly common, using a wire transfer can add an extra layer of protection to your transactions. Account funds are confirmed before the wire is initiated, so there's no risk of a bounced check or insufficient funds.
At Itasca Bank & Trust Co., you can initiate a wire transfer in person, online, or even through our mobile banking app. Fees are inexpensive, especially when transferring large amounts or exchanging currency. Schedule a wire transfer today and enjoy the peace of mind that comes with it.
Scan, submit and deposit checks electronically without ever leaving your desk.
Itasca Bank & Trust Co. continues to make it easier to get money into your account. Click DepositSM is the process through which your business or non-profit entity can deposit paper checks right into your bank account(s) directly from your office. This service is sometimes referred to as "remote capture."
With Click DepositSM, you scan an image of the checks received, send the images to our bank, and see the funds added to your account more quickly. Checks get processed quickly so you can use the money for operations.
Click DepositSM provides your business with a very convenient way to get your deposits to the bank without having to mail or drive them there.
For more information about Click DepositSM, contact:
Accelerate receivables for one-time and recurring consumer receipts. Does your business or organization have regular ongoing fixed or variable invoices? Does your business or organization want to benefit from the time and cost-savings of simplified accounting and administrative processes and enhanced cash forecasting and management?
Because money is transferred directly between accounts, transactions are safe and secure, and unlike a paper check which passes through many hands, your business customer's account number remains confidential to you when processed through ACH collection services. Your customers can have their payments automatically deducted from their bank accounts and deposited into your checking account reducing late payments and misdirected or lost checks. This collection method reduces fraud, the risk of identity theft and helps protect the environment by reducing the impact of paper-intensive processes.
The ACH Collection Service is ideal if your business or organization collects: subscriptions or membership fees, charitable donations or recurring gifts, leases or Homeowner Association monthly assessments.
Accelerate receivables for one-time and recurring corporate receipts. Does your business or organization have regular ongoing fixed or variable invoices? Does your business or organization want to benefit from the time and cost-savings of simplified accounting and administrative processes and enhanced cash forecasting and management?
Because money is transferred directly between accounts, transactions are safe and secure, and unlike a paper check which passes through many hands, your business customer's account number remains confidential to you when processed through ACH Receipt services. Your business customers can have their payments automatically deducted from their bank accounts and deposited into your checking account reducing late payments and misdirected or lost checks. This collection method reduces fraud, the risk of identity theft and helps protect the environment by reducing the impact of paper-intensive processes.
The ACH Receipt Service is ideal if your business or organization collects: leases, contracted payments, or requires payment before shipping out goods.
