Business Banking Built Around Your Organization
Running a business requires more than a checking account. Whether you're launching a startup, managing a growing company, operating a nonprofit, overseeing a healthcare organization, or managing public funds, INB provides business banking solutions that help simplify cash flow, improve security, and support long term growth.
From everyday business checking to interest earning savings and money market accounts, our experienced bankers work with you to build the right banking relationship for your organization.
Call 217.747.5500 or 877.771.2316 to speak with an INB Business Banker.
Why Businesses Choose INB
Instead of simply opening an account, you'll gain a banking partner. Whether you have one employee or one thousand, we'll help create a banking solution designed around your business.
Business Checking Accounts
Our business checking accounts are designed to help organizations manage day to day finances efficiently.
Benefits include:
- Easy access to funds
- Online and Mobile Banking
- Business debit cards
- Electronic statements
- Treasury Management integration
- Flexible account options
- Local customer support
Perfect for:
- Small businesses
- Professional firms
- Medical practices
- Manufacturers
- Retail businesses
- Agricultural operations
- Nonprofits
- Government entities
- Commercial real estate companies
Business Savings Accounts
Keep operating cash working for your business while maintaining easy access when you need it.
Business Savings Account is ideal for:
- Emergency reserves
- Future capital purchases
- Seasonal cash flow
- Tax reserves
- Business growth
Business Savings Features
- $100 opening deposit
- Interest earning account
- Electronic statements included
- Monthly fee can be waived by maintaining minimum balance
Business Checking Accounts
The following chart compares our three small business solutions called Premier, Basic and Everyday. If you don't see an option that’s the right fit for your business, we will work with you to customize a business banking plan specifically for your company.
| |
Small Business Solutions |
| |
Premier |
Basic |
Everyday |
| Opening deposit |
$100 |
$100 |
$100 |
| Average daily collected balance |
$12,000 to waive Monthly maintenance fee |
$12,000 to waive Monthly maintenance fee |
n/a |
| Credits, debits and deposited items |
Each credit and debit is $0.15; each deposited item is $0.12 |
First 500 items included; $0.40 for each additional item |
First 150 items included; $0.30 for each additional item |
| Interest |
0.15% on average collected balance1 |
No |
No |
| Monthly maintenance fee |
$15 |
$15 |
$5 |
| Paper statement fee |
$2 |
$2 |
$2
|
1Rate subject to change at any time without advance notice. Ask for current interest rate chart.
2Fees may reduce earnings.
3You may make six (6) transfers from your account each four (4) weeks or similar period if pre-authorized or automatic transfer or telephone (including data transmission) agreement, order or instruction, or by check, draft, debit card or similar order (including point of sale transactions), made by the depositor and payable third parties. Transfers and withdrawals made in person, by mail or at an ATM are unlimited.
Contact us at 217-747-5500 or 877-771-2316 for more information.
Business Savings & Money Market Accounts
Let idle cash earn interest by opening a Business Savings or Money Market Savings Account. The following charts compares our Business Savings Account to a Money Market Savings Account.
| |
Savings |
Money Market |
| Opening deposit |
$100 |
$1,000 |
| Minimum daily balance |
$500 |
$2,500 |
| Earns Interest1 |
Yes |
Yes |
| E-statement and e-notice delivery |
Included |
Included |
| Monthly maintenance fee2 |
$3 (Can be waived by maintaining the minimum daily balance) |
$7 (Can be waived by maintaining the minimum daily balance) |
| Excess deposited item fee (in excess of 25 per month) |
$0.25 (First 25 deposited items included) |
$0.10 (First 25 deposited items included) |
1Rate subject to change at any time without advance notice. Ask for current interest rate chart.
2Fees may reduce earnings.
Contact us at 217-747-5500 or 877-771-2316 for more information.
More Than Business Banking
Every business account connects to INB's full suite of Business Solutions.
Treasury Management
Improve efficiency with:
- ACH Origination
- Wire Transfers
- Positive Pay
- Account Reconciliation
- Remote Deposit Capture
- Lockbox Services
- Merchant Processing
- Cash Management
Fraud Protection
Protect your business with:
- Positive Pay
- ACH Filters and Blocks
- Dual Approval Controls
- Secure Digital Banking
- Fraud Monitoring Tools
Digital Business Banking
Manage your business anytime with:
- Mobile Banking
- Mobile Deposit
- Bill Pay
- Account Alerts
- User Permissions
- Reporting Tools
- Real Time Account Activity
Industries We Serve
INB works with organizations throughout Illinois, Missouri, and Florida, including:
- Small Businesses
- Mid Sized Companies
- Commercial Real Estate
- Healthcare
- Municipalities
- Schools
- Nonprofits
- Agricultural Businesses
- Manufacturers
- Professional Services Firms
Frequently Asked Questions
What documents do I need to open a business checking account?
Depending on your business structure, you may need formation documents, an EIN, ownership information, and identification. An INB banker can walk you through the requirements.
What is the difference between a business savings account and a money market account?
Business savings accounts are ideal for everyday reserves, while money market accounts are often better suited for businesses maintaining larger balances and looking to earn more interest while preserving liquidity.
Can I connect Treasury Management services to my business checking account?
Treasury Management solutions including ACH, wire transfers, Positive Pay, Remote Deposit Capture, Lockbox, and Cash Management services can be added to eligible business accounts.
Does INB offer business banking for nonprofits and municipalities?
INB works with nonprofit organizations, municipalities, healthcare organizations, educational institutions, and businesses of all sizes to build customized banking relationships.
Ready to Open a Business Account?
Every business is different. We'll help you choose the right checking, savings, treasury, and cash management solutions based on your organization's needs.
Contact an INB Business Banker today or visit one of our locations throughout Illinois, Missouri, and Florida.
Business Solutions available with every business checking account:
Contact us at 217-747-5500 or 877-771-2316 for more information.
Please be aware of this new banking rule, part of the
Bank Secrecy Act, intended to aid the government in the fight against crime.