Business Online Banking
With Stillman Bank’s Business Online Banking, you have a partner to help your business grow. This cash management product is designed to assist you with the management of your business through:
- Better Control of Cash Flow
- Improved Efficiency and Profitability
- 24-Hour Account Accessibility
Stillman Business Online is a real-time, online system, so you have access to the same up-to-the-second account information available in the bank. Using your Internet-connected computer, tablet, or mobile phone, you can access your account information anytime, anywhere. There’s no software to install and you control all user access and security features.
Business Online Banking Details
With Stillman Business Online Banking you can receive real-time updates for all your business checking, savings, and loan accounts and access this information anytime, anywhere.
- ✔ Account Transaction History — Access both prior (up to 90 days) and current day account activity. You may also view a range of transactions sorted by date, check number or transaction amount.
- ✔ Company Defined User Access — Access the system with your own ID and Personal Identification Number (PIN). You can authorize access for others as well—your bookkeeper or accountant, for example. You decide who has access and at what level, and who does not – and you can change that access whenever you want.
- ✔ Download Capabilities — Download account information into financial management software, such as Quicken®.
- ✔ Transfer Funds Between Accounts — Initiate transfers between your Stillman Bank business accounts quickly and easily. You can even make Stillman Bank loan payments.
- ✔ Stop Payments — These can be submitted electronically, directly into the bank’s computer system 24 hours a day.
- ✔ Secure Banking — Stillman Business Online is extremely secure, with state-of-the-art safety procedures and technologies working together to create a safe environment for your online banking activities.
Transfer Funds Between Accounts
No more paperwork, phone calls, or trips to the bank! This fast and secure service allows the immediate transfer of funds. For example, funds can be quickly moved from your company’s Operating Account to your Payroll account on the day you need it.
Benefits
- ✔ Convenient online initiation of funds transfers directly from your internet-connected computer, tablet or mobile phone.
- ✔ Immediate transfer of funds for real-time funds disbursement.
- ✔ Ability to set up transfers on a future date or create recurring transfers.
- ✔ Multiple levels and types of security to keep your transactions safe and prevent unauthorized access to your accounts.
- ✔ Make Stillman Bank loan payments. You can set up a one-time payment or a recurring transfer for the life of the loan and never write a check.
Stop Payments
Now you can stop payment on a check day or night without having to call the bank. Simply complete the online form, print, sign, and mail or fax. In addition, a detailed listing of all stop payments in the system is available for viewing and printing.
Benefits
- ✔ Save time by placing stop payments via the Internet.
- ✔ Eliminates having to call the bank.
- ✔ Enhances internal audit controls by allowing you to initiate and verify the status of stop payments until the issue is resolved.
Features
- ✔ Internet access by authorized employees.
- ✔ Perform a check inquiry by entering the check number and amount to determine if the check in question has been paid.
- ✔ Your stop-pay instructions are immediately updated in our Deposit and Teller system. There is a required confirmation form generated for you to sign and mail or fax to us.
Automated Clearing House (ACH) Origination
Direct Deposit Payroll via ACH is an efficient, cost-effective service for your company and employees. It is safer and more convenient than using paper payroll checks. Separate contract required.
- ✔ Direct deposit payroll capabilities
- ✔ Company-defined user access
- ✔ Export ACH files
- ✔ ACH debits/credits originated (additional charges apply)
Benefits
- ✔ The cost is only a fraction of what it costs to process your payroll via paper checks.
- ✔ Improves your operational efficiency.
- ✔ Improves cash flow because electronic funds transfers clear on a more predictable schedule than checks.
- ✔ Elimination of lost or stolen payroll checks.
- ✔ Create the entire payroll online or upload from your NACHA-compatible software.
- ✔ Provides automatic depositing when employees are on vacation, business trips, or sick leave.
Why Choose Stillman Bank
Access all your accounts, transfer funds, and make payments through online access and mobile banking. Access to 40,000 ATMs surcharge-free through the MoneyPass® ATM network
Enhanced Mobile Alerts providing instant access to account information including account balances, debit card transaction notifications, and more. (Text messaging fees from your cellular provider may apply).
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Common Questions
+ What Information Do I Need to Apply for Online Business Banking?
You’ll need to provide your business name, tax identification number, business phone number, and the email address of someone at your business who will be overseeing your business online banking access. You’ll also need to provide the account numbers of all your Stillman Bank accounts (business checking, business loans, etc.) that you would like to link to your online banking portal.
+ Are There Any Fees with Business Online Banking?
If you use our Business Checking account, there is a fee of $10 per month. Otherwise, it’s free with all our other business checking accounts.
+ Does Business Online Banking Include ACH Payments?
You can use your online business banking portal to initiate automated clearinghouse (ACH) payments, if your business has an ACH package with us (contact a retail banker for details).
+ Open a Business Online Banking Account or Speak with a Banker Today
If you’re looking for a business online banking solution in northern Illinois and southern Wisconsin, or if you have any questions, you can contact us online, apply online, or speak with a banker at your nearest branch.