|
 With
Online Banking, commercial account customers will have many options
available to manage their funds, from Wire Transfers to Payroll.
See our Demo
on Online Banking for more information or call 815-235-6137.
Wire
This option allows you to submit a wire transfer request to Midwest
Bank via Online Banking. This request is sent through a secured
E-mail to the bank.
- Incoming
and outgoing wire transfers are available.
- Transactions
are processed Monday through Friday, excluding holidays.
- Transactions
received on weekends are processed on the next business day.
- Wire transfers
must be received by 2:00 p.m. to be processed on the same business
day.
- Transfers
received after 2:00 p.m. are processed on the next business
day.
ACH (Automatic
Clearing House) Origination
This allows you to add or change recipient information in a regular
ACH batch or ACH Tax batch. This information can be sent to the
bank via Online Banking entry or through a batch import process.
- Origination
file and effective date cannot be more than 2 days for credits
and/or 1 day for debits.
- Transactions
are processed Monday through Friday, excluding holidays.
- Transactions
received on weekends are processed the next business day.
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Wire List
- This allows
you to set up a recipient's account for receiving funds.
- Set up
accounts that you access frequently.
ACH (Automatic
Clearing House) Batch
This option allows you to create, change or delete a regular ACH
batch or ACH tax batch via Online Banking entry.
Users
This option allows you to set up Cash Management users so they
can access options of an original TIN (Tax Identification Number)
account.
- This feature
allows you to chose what an employee has access to under your
TIN.
- Once the
Cash Management user is set up, they will use a password and
login to access those options.
- You're
able to set Transaction Limits and Risk Limits for each user.
ACH (Automatic
Clearing House) Import
This option allows you to create a NACHA (National Automated Clearing
House Association) formatted file and send it to Midwest Bank
via Online Banking entry.
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