Pay

ACH Origination

Efficiently manage outgoing payments with secure, electronic transfers for one-time or recurring transactions. 

• Payroll/Direct Deposit
• Take advantage of the direct deposit payroll feature for your employees. Direct deposit via ACH helps business customers meet their bottom-line business objectives with cost savings and increased efficiency. Initiate direct deposit transfers securely to your employees' accounts, eliminating manual check processing and reducing administration costs. Transactions are never lost, and account reconciliation is simplified.
• If you have one-time or recurring payments such as payroll, reimbursements, dividends or taxes, this is an ideal electronic payment solution. With flexible deadlines and file origination options, it will enhance your control and improve your forecasting accuracy.
• ACH Corporate Payments
• Manage disbursements to vendors timely; avoiding late fees, lost checks or delayed release from suppliers.
• Your company can capitalize on the control benefits of sending money via ACH by specifying when recipients receive funds and thereby minimizing the float period. ACH transactions are more cost-effective than checks; they provide a next business day payment with reliability, vital to efficiently manage your cash flow; and reduce the occurrence of check fraud.
• EFTPS Tax Payments
• The Electronic Federal Tax Payment Service allows you to send funds for federal and state tax payments straight to the Internal Revenue Service. Companies must be enrolled with the State of Illinois and IRS prior to sending tax payments.

Wire Transfers

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.

Requirements

The following is required to assure proper credit to the receiver:

Receiving Bank Information

Name, address, routing number or swift code

Beneficiary/Receiver of Wire Transfer

Name, address, phone number, and account number

• Funds must be available in your account on the day of the wire.
• Domestic Wire Requests must be received by 3:00 PM CST to be processed the same business day.
• International Wire Requests must be received by 1:00 PM CST to be processed the same business day.

Itasca Bank's routing number is 071922175.

Credit Cards

Flexible spending solutions with our Purchasing Card for streamlined expense management and a Rewards Credit Card that earns valuable perks on everyday business purchases.

Business Visa^® Credit Card

Our Visa^® Platinum Business credit cards are a great fit for your business. Take control of your business spending and enjoy these great benefits:

• Competitive Rates
• Travel Benefits
• Fraud Monitoring and Zero Fraud Liability
• Chip Card Security
• 24/7 Customer Service located in the U.S.

Apply for a Business Credit Card and choose from one of our credit cards that fits the size of your business, non-profit organization or municipality.

© 2023 TCM Bank, N.A.
This card is issued by TCM Bank, N.A.

Business Visa^® Debit Card

A no-annual fee Visa® Debit Card can be used to directly access funds in your commercial checking or savings account. The Itasca Bank & Trust Co.'s ATM/Debit Card is part of the MoneyPass^® network which offer surcharge-free cash withdrawals at thousands of retail locations nationwide.

With an Itasca Bank & Trust Co. Visa debit card, you can enjoy the convenience and security of CardValet and Wallet Pay. These mobile apps paired with your Visa debit card, provide additional control and payment options to help you manage your money efficiently.