Let West Suburban Bank take care of making your deposits with our Lockbox ImageLBX™, automated lockbox processing service. Your customers mail their checks directly to our lockbox at the Carol Stream Post Office. We pick up your lockbox mail and process your deposits on a daily basis. With our lockbox service you have the option of viewing images of your deposited checks and invoices online, receiving a remittance report or receiving an electronic data file containing your remittance information. All of these image and data delivery options are available on same day (as the deposit) basis.
West Suburban Bank’s Lockbox ImageLBX™ offers the following benefits:
Let West Suburban Bank assist your business with concentrating funds in one account. Our Zero Balance Accounts (ZBAs) provide an automated, efficient means of cash flow control between multiple disbursement or depository accounts. ZBAs eliminate the need to maintain idle balances in disbursement or depository accounts in anticipation of checks or deposits clearing. Funds transfer from a central account to the disbursement accounts to cover actual clearings or from a depository account to a central account to concentrate funds.
West Suburban Bank Zero Balance Account offers the following advantages:
Let West Suburban Bank assist your business with our Electronic Data Interchange (EDI) reporting. Our EDI reporting service provides same day reporting for all your ACH CTX addenda records.
West Suburban EDI Reporting offers the following advantages:
With Online Banking you have the option of virtually doing all of your business banking anytime you want - 24 hours a day, 7 days a week without leaving your office. You'll save time and money by linking directly to your
banking accounts through our Web site. It's simply the best way to streamline the day-to-day business of gathering information and financial record keeping.
West Suburban Bank’s Online Banking offers the follow advantages:
Increased convenience with access to your account information through the Internet anytime, anywhere
Improved control with your complete banking relationship at your fingertips
The ability to make more timely, well-informed cash management decisions
Reduce the time and expense your company spends on issuing and depositing checks. With West Suburban Bank’s ACH (Automated Clearing House) Origination services you can save time and money by eliminating paper check processing.
Using our ACH debit origination service you can deduct prearranged payments from your customers bank account. Examples of this type of payment collection include homeowner association dues, insurance premiums, rent payments and charitable contributions.
Using our ACH credit origination service you can make payments to various recipients. Examples of this type of payment include payroll direct deposit, expense reimbursement payments and dividend payments.
West Suburban Bank’s ACH Origination service offers the following advantages:
Let West Suburban Bank help protect your business from the potential losses and decreased cash flows caused by check fraud. Our advance image based system compares cleared checks with your issued check file. Positive pay then automatically flags exceptions (potentially fraudulent checks) and delivers reports to you via our Online Banking system. You then have the option to view an image of the suspect check and to decide to pay or return the suspect check.
West Suburban Bank’s Positive Pay offers the following advantages:
Online check decisioning with check images
Daily check reconciliation reports
Issue file import capability
To learn more about our Cash Management Services please call or
Gary Raczek, Vice President of Cash Management Services at (630) 652-2334. Let us know that you found us on the internet!
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