Online Business Banking & Cash Management Services
Spend less time managing your revenue and more time creating it with BankFinancial business services.
With free Online Business Banking, you can access and manage your business accounts right from your desktop - 24 hours a day, 7 days a week. Use free Online Business Bill Pay to pay anyone, anytime.
Our Online Cash Management services can help you collect cash quicker, hold it longer, and invest it more effectively.
For more information about Online Business Banking & Cash Management, take a look at this eGuide.
Online Business Banking
Save your business time and money with BankFinancial's Online Business Banking.
With this powerful online tool, you can access and manage your business accounts right from your desktop - 24 hours a day, 7 days a week, 365 days a year. To sign up for Online Business Banking, fill out the application.
For more information about Online Business Banking & Cash Management, take a look at this eGuide.
- Account Transfers - Maximize your interest earnings while covering your payables
- Export Financial Data - Reduce data input and simplify your accounting by downloading financial data to Quicken®, QuickBooks® or other financial software
- Check Images - Save paper and simplify filing
- Sweeps - Gives you the ability to set up automated sweeps on accounts to keep their balances within certain limits
- Balance Alerts - Set up alerts to notify yourself via e-mail if an account falls below or rises above a specific balance
- Stop Payments - Place a stop payment on lost or stolen checks or on checks related to disputed purchases
Online Business Bill Pay
Online Business Bill Pay is a convenient service that is sure to save you and your business time and money. You can use Online Business Bill Pay to pay anyone, anytime! Plus, Online Business Bill Pay is included FREE with all Business Checking Accounts. From the convenience of your desktop, you may:
- Set up single, multiple and repeating payments
- Schedule payments up to a year in advance
- Receive bills electronically from participating merchants
- Access your bill payment history
To use Online Business Bill Pay, you must be a current Online Business Banking user. To sign up for Online Business Banking, fill out the application. Log into Online Business Banking and complete the Online Business Bill Pay enrollment form. If you have any questions, please call toll-free 888-249-4330.
Click here for the Online Business Bill Pay flow chart.
Now you can access your BankFinancial Business account statements safely and securely from a computer, with FREE Online Business Statements. Online Business Statements contain the same account information as paper statements, but you can view them online.
Benefits of Online Statements:
- Receive e-mails to notify you of your statement availability
- Convenient access to check images
- Saves time because statements are received instantly online
- Can improve security and give peace of mind knowing your financial information is on a secure website rather than in paper format, which is more susceptible to mail and trash theft
- Improves account management because statement history is stored online
To sign up for Online Business Statements, log in to Online Business Banking and click on the Online Services link at the top of the page. Read the agreement and select "Accept". You will be able to view your Online Business Statements starting the next statement date.
Online Cash Management
BankFinancial offers a sophisticated set of online tools that can be customized to suit any business, ensuring your cash balances are constantly working hard for you. Our Online Cash Management features will give you an unprecedented level of control, freedom and flexibility. For more information about Online Business Banking & Cash Management, take a look at this eGuide. Some of the Cash Management features are listed below.
Account Reconciliation
An effective method to protect against financial loss associated with check fraud. Account Reconciliation automates the reconciliation of your check register.
Wire Transfers
Use the Online Wire Transfer Service to safely transfer money to another financial institution from the convenience of your PC. Both foreign and domestic Wire Transfer Services are available from your checking, savings or money market accounts.
Use Online ACH Origination to disburse payments to suppliers, collect payments from Customers, automate payroll processing with Direct Deposit and make federal tax payments.
Merchant Processing
BankFinancial would like to help your business succeed in every way possible. That is why we have partnered with First Data®, a leader in payment processing solutions, to offer you easy and affordable merchant processing programs to meet today’s consumer demands.
Contact First Data online or call 773-412-4443 for more information.
- Visa, MasterCard, Discover Network and American Express – all organized onto one statement. *
- Quick access to your account anywhere, anytime with Online Reporting.
- Choose from a wide variety of advanced processing technology including wireless, Internet and PC-based options.
- Innovative payment options for credit cards, pin-based debit, gift cards, electronic check acceptance and more.
Offer your customers more payment options by accepting credit cards including Visa®, MasterCard®, Discover®, American Express®, Diners Club® and JCB®.
Personal Identification Number (PIN) based and signature based debit transactions are the fastest growing form of electronic payment. This method of payment is convenient for your customers and offers you reduced fraud, faster checkout times and higher ticket averages.
Build your brand and increase your sales with gift cards. Gift cards bring in new customers and gift card customers tend to spend more than just the value of the gift card.
Minimize returned checks by turning a paper check into an electronic purchase at the point of sale using TeleCheck Electronic Check Acceptance®. Electronic checks are deposited directly into your account within 48 hours.
Accepting cards is easy for you and your customer with BankFinancial Merchant Services innovative card acceptance solutions. Whether you need a wireless solution or one integrated with your PC – we have the equipment to help your business.
Lockbox Services
Lockbox Services simplifies check collection and processing for BankFinancial Commercial Customers. When you set up a Lockbox account, all of your Customers will mail their payments directly to BankFinancial, where they will be posted daily.
BankFinancial offers you a choice of reporting formats for daily Lockbox entries:
- A standardized report of payment activity that can be e-mailed, faxed or sent by courier, U.S. mail or Airborne Express to your business
- A report customized to your specifications that can be e-mailed, faxed or sent by courier, U.S. mail or Airborne Express to your business
- A customized report e-mailed to you in a format you can import into your accounting system
In addition, you may choose either to have BankFinancial hold your invoices/coupons for up to one year or have them returned to you.
What do standardized reports contain?
For more details on Lockbox Services, call us at 800-894-6900, e-mail our Lockbox Services Department, or contact your Account Manager.
Tenant Lockbox Services
Collect rent faster and more efficiently. With a Tenant Lockbox, tenants of residential or commercial property can send their lease or rent payments directly to the Bank through a local post office box that we hold in your name. We will collect and process the checks daily and then apply the money collected to your BankFinancial commercial account. You'll have the funds on deposit longer, and you'll have one less administrative task to do.
Business Auto Sweep
Our Business Auto Sweep account allows you to maximize the balance in your Analyzed Business Checking Account. Every evening, we will transfer funds above a target balance that you set into an interest earning account. The principal plus overnight interest is transferred back into your Analyzed Business Checking account the next business day. Since funds in the sweep account are used to purchase a portion of a security pledged as collateral by the Bank, this account provides the ability to collateralize your deposits that exceed $100,000.
Automated Federal Tax Payment Processing
Schedule your federal tax payments to be paid electronically. We will automatically deduct the funds from your BankFinancial business checking account and make the requested electronic payments. You'll be able to review the completed transaction the same day the payment is made.
With a BankFinancial Business Visa® Credit Card, you can enjoy convenience and payment flexibility wherever you go. The more you use it, the more you’ll benefit - with streamlined accounting, solid purchase protection, and no annual membership fee with one purchase per year. Or, choose the Visa® Business Travel Card, and earn free trips that truly make business a pleasure.
Apply online or pick up an application at your nearest BankFinancial branch. For existing cardholders, you can access your account here.
