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Product Overview
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Product
Features |
Business
Analysis Checking |
Time
Certificates of Deposit |
Savings
Accounts |
Commercial
Loans |
|
Free
Online Banking |
X |
X |
X |
X |
|
Free
Tele Banking |
X |
X |
X |
X |
|
Debit Card |
X |
|
X |
|
|
ACH
Deposit capabilities |
X |
|
X |
|
| Remote Deposit Capture |
X |
|
|
|
|
ACH
Payment capabilities |
X |
|
X |
|
|
|
|
X |
X |
|
|
Receive
check images back by mail |
X |
|
|
|
|
Coin
/ Currency Service |
X |
X |
X |
X |
|
Merchant
Processing |
X |
|
X |
|
|
Wire
Transfer |
X |
|
X |
|
|
Safe
Deposit Boxes |
X |
X |
X |
X |
|
Night
Depository |
X |
|
X |
X |
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Important
Information About Opening An Account
On September
11, 2001, our lives changed forever. In an effort to protect
you and our country, the USA PATRIOT Act was signed into law.
To help the government fight the funding of terrorism and money
laundering activities, Federal law requires all financial institutions
to obtain, verify and record information that identifies each
person who opens an account.
When you open
an account, we will ask for your name, address, date of birth
and other information that will allow us to identify you. We
may ask to see your driver’s license or other identifying
documents.
We
proudly support all efforts to protect and maintain
the security of our customers and our country.
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Checking
Provides all
of the advantages of a regular checking account for record keeping,
convenience of payment, safety and IRS records. Various check forms
are available for specific purposes and businesses. Credit is earned
on the qualified balance to offset transaction charges.
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Savings
An account which
draws interest
and is paid monthly. You will receive a quarterly statement unless you have a checking account in which statements are received monthly. Minimum
balance of $100.00.
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Certificates
of Deposit
We can design
a rate
and maturity for your specific needs. Standard maturities 6 month,
1 year, 2 year, and 3 year. Federal regulations require a substantial
penalty for early withdrawal. Minimum balance required.
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Debit
Cards
Debit Cards
The Iowa Savings Bank’s “Check Card” provides
instant access for cash from checking and savings accounts through
automated teller machines. The ISB Check Card can also be used at
Visa accepting locations for hassle free purchases, direct from
your checking account. This modern convenience eliminates the need
to carry a bulky checkbook and is available for use with any of
our checking products. Apply for a card today.
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Merchant
Processing
Are you a new
business owner or searching for a way to expand your company sales?
Accepting credit cards may improve your bottom line.
Iowa Savings Bank Merchant Program provides:
- Sales credit
within two business days
- Different
processing equipment – including using your existing telephone
- Iowa Savings
Bank employee to help set up equipment and on-going support
- 24 hour toll
free Help Line
Call Iowa Saving
Bank Credit Card Department for detailed information.
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Commercial
Loans
Financing for
retail, commercial, manufacturing, investor owned or contractor
developments. Short term operating lines of credit, longer term
financing for purchase of equipment, vehicles or real estate, and
construction financing. Variable or fixed rate interest. Use of
Small Business Administration and Business & Industry loan programs
where appropriate.
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Online
Banking
Access your
accounts from anywhere in the world. Apply for Iowa Savings Bank’s
Internet banking and access your accounts through any Internet location
with a private password. Retrieve personal account statements, balances
and make transfers between accounts.
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Mobile
Banking
Our wireless banking product lets Iowa Savings Bank account holders conduct secure online banking from anywhere, at any time. You can check your balances, view your account history, and even make transfers.
NOTE: You must log-in first via a PC and complete the security questions before setting up your mobile banking.
Equipment Needed
- Web Enabled Cell Phone.
- Web package from Service Provider.
- Service Provider that supports wml.
INSTRUCTIONS FOR MOBILE BANKING
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Repurchase
Agreements
An interest
bearing account for larger depositors secured by bank investments.
Terms can be as short as one day, and as long as 6 months. While the funds in a repurchase agreement are not insured by the FDIC, the customer is a secured creditor of the bank.
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Sweep
Accounts
Enables your
business to automatically transfer excess cash funds to an interest
bearing account on a daily basis, utilizing a sweep point designed
to minimize your business checking account cost. The funds are swept to a repurchase agreement. While the funds in a repurchase agreement are not insured by the FDIC, the customer is a secured creditor of the bank.
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Cash
Management
Visit with any
of our Commercial Loan Officers to best utilize the bank products
to best fit your business needs. You might be surprised at what
you can save!
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ACH Payroll
Your business
may debit or credit accounts to ensure prompt payables/receivables
to other accounts done automatically.
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