General FAQs

It is easy to set up an automatic payment from your checking account. Simply give whomever you wish to debit your account our Bank's routing number (071922175) and your account number. Itasca Bank & Trust Co. is a member of the Automated Clearing House.

You can have your social security check directly deposited into your account. In most cases, social security requires all new recipients to have their benefit check direct deposited.

FDIC insurance is based on the ownership of the account, offering a maximum of $250,000 per ownership category (individual account, joint accounts, etc.). Funds in self-directed retirement accounts (IRA) are insured up to a maximum of $250,000. See the FDIC web site for more detailed information at fdic.gov.

The difference between money orders and cashier's checks is the customer completes the money order by filling out the payee and signs the check, while the Bank completes the cashier's check by filling out the payee and signs the check. Money orders are valid up to $5,000.00 and cashier's checks do not have a dollar limit.

The Bank does not charge to cash in coin for customers. For non-customers there is a charge of 1% or a $2.00 minimum.

The Bank accepts DuPage County property tax payments, which are due June and September. Late payments on second installments are not accepted.

Itasca Bank & Trust Co. provides next day availability on deposits. Itasca Bank & Trust Co. allows cash withdrawals up to $500.00 daily for consumer accounts only.

The Bank offers a wide variety of vault box sizes. This is a great way to keep personal papers and valuables safe. For more information on available vault boxes, go to Additional Services on the website or call Customer Service at (630) 773-0350

If you need a signature guarantee to prove your identity, the Bank provides this service for Bank customers free of charge.

We provide cash advance services at the teller window in the Bank lobby. There is a limit of $5,000.

The contents of a vault box are NOT insured by the FDIC, or, by the Bank where the box is located. If you are concerned about the safety, or replacement of items you have in the vault box, you may wish to consider purchasing fire and theft insurance. Separate insurance for these perils may be available; consult your insurance agent.

If this rent is not paid on or before your specified due date, it is delinquent. The Bank will attempt to notify you by mail. If there is no response, action will be taken in accordance with state law and the past due clause in your vault box contract. Any expenses directly or indirectly incurred in this collection process will be added to your past due rent.

Deputy appointments are easily accomplished. It simply requires that all renters and the deputy be present to add the deputy's signature to your contract. The deputy should be given one of your keys for access. It's important to remember that the financial institution takes no responsibility for the deputy's actions. Upon proper notification of the death or incompetence of all renters, the deputy's right of access will cease.

Yes, by visiting treasurydirect.gov.

An IRA is an individual retirement account. It is a savings account for retirement. No withdrawals are allowed until the owner of the IRA reaches age 59 1/2. This account is a way for you to supplement your retirement benefits such as a pension, social security, or 401K accounts.

An annuity is a tax deferred investment vehicle (either fixed or variable) that is offered at the Bank through our Investment Department.

There are several options out in the marketplace today; Uniform Transfers to Minors (UTMA) accounts, and 529 college savings plans, which are the most attractive. Withdrawals from 529 plans for education expenses are totally tax free and the accounts have estate tax benefits also.

If you own assets that you would like to pass on to your heirs without going through the probate process, you may be a good candidate for a Trust.

Not necessarily. While we do have general guidelines for account sizes, it is just one of the factors taken into consideration in assessing a trust relationship.

Yes there are. Trusts are flexible estate planning documents that can be tailored to meet your individual needs and goals.

Yes we can. We offer a broad range of trust and estate services, such as Personal Trust administration, Guardianships, Land Trusts and Estate Administration. 

Yes. We provide Investment Agency services to many clients, either in their individual capacity, or when they are serving as a fiduciary (Trustee, Guardian, etc.)

You can contact John Paul Sweeney in our Trust Department for more details by calling the Bank at (630) 773-0350.

There are many options, a loan officer will be happy to discuss all options with you. Call the Loan Department at (630) 773-0350 to speak with a Loan Officer to discuss the different products we offer.

We can normally provide an answer within 24 hours of receipt of an application. Loans usually close as follows: Home Equity Lines of Credit generally close in 7-10 days, Mortgages generally close within 30-45 days and Car Loans generally close within 24-48 hours after a decision is made.

We can lend up to $5 million dollars in total obligations to an individual and/or company.

Itasca Bank & Trust Co. uses the Prime Rate as published in the Wall Street Journal. The prime rate is the interest rate charged by banks to their most credit-worthy customers.

Any person or entity can have FDIC deposit insurance in an insured bank located in the United States. A person does not have to be a U.S. citizen or resident to have deposits insured by the FDIC.

Yes, Itasca Bank & Trust Co. is insured by the Federal Deposit Insurance Corporation (FDIC) and deposits at Itasca Bank & Trust Co. are insured up to the maximum limits allowed by law. Our depositors can be confident that their insured deposits are safe. FDIC insurance is backed by the full faith and credit of the United States government.

Itasca Bank & Trust Co. is well-capitalized. Capital serves as a "buffer" against any losses. The Bank is well-positioned to handle economic downturns. In our over 70 year history, we have experienced many tough economic times without problems.

Deposits at FDIC-insured institutions are now insured up to at least $250,000 per depositor.

Moreover, if you believe that some of your deposits are not fully insured, it may be possible to restructure your accounts to bring your deposits into insurance coverage. Itasca Bank & Trust Co.'s Customer Service or one of their Officers would be happy to discuss this with you.

No.

The order in which names appear on a joint account does not change the coverage (one account titled "Bill and Jill" and another one titled "Jill and Bill" will not increase coverage - both accounts are joint accounts and each person has $250,000 coverage). Also the words "and" and "or" do not matter in the account name.

Yes, interest is covered as soon as it is paid into the account.

After a depositor's death, there is a six month "grace period" where the person's coverage will not change. 

The FDIC does not insure the money you invest in stocks, bonds, mutual funds, life insurance policies, annuities, or municipal securities, even if you purchased these products in an FDIC-insured bank. Safe deposit box contents are not insured by the FDIC, and Bank loans are not associated with FDIC insurance.