Business Banking Booklet 2020

ministrative time. In addition Business Bill Pay via your Business Online Cash Manger account enables you to set up automatic payments. No more writing checks or buying stamps. There are many options within Bill Pay that allow you to customize to your business needs.

Business Mobile Banking

Use MidWest One ’s mobile banking app to manage your accounts, transfer funds, approve payments, deposit checks, and more all from the convenience of your smart phone.

Sweep Accounts (REPO), Line of Credit Sweeps, Overdraft Sweeps, and Zero Balance Accounts (ZBA).

Business e-Statements

E-statements are the safe and green way to receive your monthly statements via business online bank- ing on your office computer.

Wire Manager

This Online Cash Manager service allows you to quickly and safely initiate wire transfers to a non-MidWest One Bank account. Online wires may be either domestic or international, both repetitive and non-repetitive.

Remote Deposit Capture

With remote deposit capture you can scan images of checks right in your office and submit those images electronically for deposit. There is no need to make a trip to the bank. Deposits can be made right up to 5:00 p.m. and still be credited the same day. Remote deposit is especially beneficial for the business with a remote location. Deposits can be made immedi- ately without traveling to the bank and then trans- ferred.

Merchant Services

We have the latest technology available for your credit and debit card processing. We offer touchtone processing, mobile processing, internet processing, terminal-based and software/PC based processing.

Positive Pay

Cash Management

As technology advances every day, it becomes easi- er and easier for criminals to create legitimate-look- ing fraudulent checks. Positive Pay is a system designed to stop any fraudulent items from clearing your account. Under this system, you will provide us with an issued checks file any time you have a check run. We load the file into our system, and compare each check that clears your account. If a check does not match, we present it to you for review and vali- dation. If it is fraudulent, we will return it.

Transfer excess funds between accounts based on specific dates or dollar levels—for example, to pay down on an existing line of credit or to invest over- night. Sweep processing offers an efficient means of cash-flow control for multiple accounts. We offer a variety of sweep options including Repurchase