Stay on Track

Make your money work hard for you every day with Republic Bank of Chicago’s business tools. Maximize your earnings and time with our customized products.

Business Checking Accounts

Our checking solutions will help your business run smoothly.

business-checking-img

Have a Question?

  • Speak to a Business Banker
    630.908.1831
    Monday – Friday 9am – 5pm

Business Basic Checking

Designed for businesses with fewer than 100 transactions per month.

  • $100 Minimum to open
  • NO monthly maintenance fee
  • NO minimum to avoid maintenance fee
  • Monthly paper statement and/or online E-statements
  • 100 Free transactions
    (75¢ Excess activity charge after 100 transactions)
  • All deposits over $1,000 are charged a $1.50 fee per $1,000 deposited.
  • Access to Online Banking, including images of written checks
  • Direct Deposit available
  • Bank by Phone
  • Free Debit MasterCardTM
  • Unlimited check writing

Business Advantage Checking

Designed for businesses with fewer than 200 transaction items per month.

  • $100 Minimum to open
  • $15 maintenance fee (Maintain a $2,500 minimum average collected balance to avoid $15 monthly maintenance fee.)
  • Monthly paper statement and/or online E-statements
  • 200 Free transactions (50¢ Excess activity charge after 200 transactions)
  • All cash deposits over $5,000 are charged a $1.50 fee per $1,000 deposited.
  • Access to Online Banking, including images of written checks
  • Direct Deposit available
  • Bank by Phone
  • Free Debit MasterCardTM

Commercial Checking

Designed for businesses that have higher transaction volumes and maintain higher balances to generate an earnings credit that offsets fees.

  • $100 Minimum to open
  • Monthly maintenance fee & minimum to avoid maintenance fee: Fees are offset by an earnings credit. See Commercial Fee Schedule.
  • Monthly paper statement and/or online E-statements
  • Access to Online Banking, including images of written checks
  • Direct Deposit available
  • Bank by Phone
  • Free Debit MasterCardTM
  • Unlimited check writing

Fees and charges are based on excess account activity and balance. Speak with a personal banker to discover how best to choose a checking account.

Business Savings Accounts

Put your money to work earning interest in one of our business savings accounts.

Have a Question?

  • Speak to a Business Banker
    630.908.1831
    Monday – Friday 9am – 5pm

Business Select Money Market

Designed for businesses that maintain a $2,500 minimum balance to earn interest and avoid fees.

  • $2,500 Minimum to open (Maintain a $2,500 minimum average collected balance to avoid $25 monthly maintenance fee.)
  • Monthly paper statement and/or online E-statements
  • Interest crediting/compounding: Tiered/monthly (credited on last day of each month)
Tier I: $0-$2,499 0.000% APY
Tier 2: $2,500-$9,999 0.050% APY
Tier 3: $10,000-$24,999 0.100% APY
Tier 4: $25,000-$99,999 0.200% APY
Tier 5: $100,000 and over 0.200% APY
6 Free preauthorized debit transactions per statement cycle
($25 Excess activity charge after 6 transactions)
  • Access to Online Banking, including images of written checks
  • Direct Deposit available
  • Bank by Phone
  • Free Debit MasterCardTM
  • Limited check writing

Commercial Statement Savings

Designed for businesses that maintain a $1,000 minimum balance to earn interest and avoid fees.

  • $1000 Minimum to open (Maintain a $1,000 minimum average collected balance to avoid $10 monthly maintenance fee.)
  • Monthly paper statement and/or online E-statements
  • Earn 0.10% interest with a minimum balance of $1,000
    (Interest is credited on the last day of each month)
  • Access to Online Banking, including images of written checks
  • Direct Deposit available
  • Bank by Phone
  • Free Debit MasterCardTM
  • What information do I need to apply?

    To begin the application, you will need:

    • Your Tax Identification Number
    • Access to a printer if applying online (optional)

    What you need to bring with you:

    • A government-issued ID (driver’s license, US passport or state-issued ID)
    • Existing bank account numbers to transfer funds to your new account
    • A copy of the documents verifying your business registration

    Review the list below to determine which documents are required for your business type:

    Sole Proprietorship

    • SSN or Business Tax ID
    • Fictitious Name Certificate, also known as Trade Style / Certificate of Authority

    Partnership

    • Business Tax ID
    • Fictitious Name Certificate, also known as Trade Style / Certificate of Authority
    • Partnership Agreement

    LLC or LLP

    • SSN of account signers and Business Tax ID
    • Partnership Agreement
    • Certificate of Organization or Operating Agreement

    Corporation

    • Business Tax ID
    • Operating Agreement
    • Articles of Incorporation

    Unicorporated Association

    • Business Tax ID
    • Ficticious Name Registration or Meeting minutes, bylaws or letter on company letterhead

    Non-Profit Organization

    • Business Tax ID
    • Articles of Incorporation or Meeting minutes, bylaws or letter on company letterhead

Treasury Management

Every business owner knows the cash flow struggle. Our suite of Treasury Management solutions will allow you to speed up collections, manage disbursements, and access timely information. Your business will benefit by getting cash in sooner, keeping it longer, and maximizing your earning potential.

cash-management-img

Cash Flow Management

Access your account information and manage your cash flow and payments.

Manage your daily finances more efficiently—24 hours a day, 7 days a week. Select the Treasury Management options that best suit your business needs to maximize cash flow in your company.

Completely secure, this service offers the ability to set your company’s user permission levels and access. The advanced encryption and authentication ensures that your bank account information is completely confidential.

View

  • Daily balance and cleared transactions information
  • Multiple account statements
  • Disbursement totals and details
  • Check images

Perform

  • Place stop payments
  • Initiate, manage, and view wire transfer transactions
  • Originate and manage ACH transactions
  • Create reports for: EDI receivables, controlled disbursements, transaction activity and loan balances
  • Decision positive pay exception items
  • Make loan payments online
  • Handle line of credit draw-down requests
  • Transfer funds

Manage

  • Perform item status inquiries
  • Manage company user information and permission levels
  • Audit user activity
  • Download information in multiple file formats
  • Set up premium alerts for text and email

Have a Question About Treasury Management?

  • Speak to Mike Gilbert
    630.209.4009
    Monday – Friday 9am – 5pm

Collecting Funds

Save time by efficiently collecting payments.

Manage your company’s daily cash flow with these convenient services.

Office Teller TM (Remote Deposit Capture) is a faster, easier, and safer way to make deposits—and you’ll never have to worry about making it to the bank before cut off time. Remote Deposit allows you to make deposits from the office at your convenience throughout the day. Use a desktop scanner and web-based application to efficiently capture check images, create reports, and select user preferences.

Lockbox Services turn your company’s receivables into usable cash with maximum speed, efficiency, and accuracy.

Zero Balance Accounts (ZBA) transfer deposits from subaccounts to primary accounts. For example, funds deposited by each of a chain of stores can be transferred to the headquarters of the chain.

Advantages

  • Improve cash flow and availability of funds
  • Extend depository deadlines for same day credit
  • Eliminate postage and courier costs
  • Receive faster notification on returned deposit items
  • Make deposits anytime
  • Reduce the number of posting errors and corrections
  • Eliminate the need for multiple banking relationships

Features

  • Improved mail times
  • Fully automated
  • Easy access to images and data
  • Wholesale lockbox

Disbursing Funds

Simplify your payments.

There are many ways to control how and when funds are dispersed from your accounts.

  • ACH Origination—Create electronic transfers to or from accounts of other companies or individuals, directly to your business account. ACH debits move funds from the accounts of receivers and credit them to your corporate account. It’s a low-cost solution for collecting recurring payments, such as club dues, condo fees, rent, and donations.
  • Full Reconciliation & Partial Reconciliation—Reduce account management and the clerical time spent on account reconciliation, and enhance your audit control. You provide a list of checks issued, and we’ll reconcile paid checks, helping you quickly identify outstanding items.
  • Wire Transfers—Initiate one-time or ongoing wire payments and have same-day settlement of funds.
  • Direct Deposit of pay, check images, and controlled disbursement reporting are also available.
  • DebitMaster TMCard for Business is a flexible and cost-effective way to manage expenses and make purchases.

Fraud Protection

Get the peace of mind that comes with knowing your business accounts and transactions are protected.

Positive Pay lets you review your issued checks prior to payment, so you can stop fraudulent, stolen, or altered checks.

Automatic Sweep Services

  • Sweep to a Commercial Money Market Account
  • Sweep to fully FDIC insured account
  • Sweep to loan

We take the time to understand your company’s needs in order to customize a package of services that will help you achieve your distinct business goals.

Cash Management Officer

Mike Gilbert
630.209.4009
mlgilbert@republicEbank.com

Merchant Services

Designed specifically to improve your profitability, our Merchant Services are your competitive advantage. Merchant Services can have a powerful impact on your business by improving customer service, reducing accounts receivable, increasing profits, and decreasing operating expenses. Discover the benefits of full-service card processing choices and alternatives at Republic Bank of Chicago.

Credit Card Processing

Flexible Pricing

  • Unbundled pricing allows you to qualify for the lowest interchange rates charged by Visa®, MasterCard®, or Discover®.
  • No hidden fees. We review all costs and fees with you before you sign any agreements, so you know exactly what you will see on your statement.

Reliable Service & Technology

  • The equipment provided uses advanced technology to make the transition fast and simple. Equipment selections include purchasing.
  • Automatically accept Visa®, MasterCard®, and Discover®.
  • Terminals also can authorize other major cards, including American Express®, Diner’s Club®, Carte Blanche®, JCB®, and most debit networks.

Electronic Funds Availability

  • Within two business days, the transaction funds are deposited electronically into your account.

Risk Protection

  • Detecting potential issues before they become problems, analysts monitor daily deposit activity on an adaptable and efficient risk management system.

Transparent Statements

  • Categorized by deposit and fee transaction type
  • Easy to read statements are provided before fees are withdrawn

Gift Card Program

  • ValueTec® gift card and loyalty card packages can be personalized with your business’ name.
  • Program includes customized advertising materials, account setup, training, and user guides.

Online Services

Manage your bank accounts from your computer, tablet, or smart phone.

Sign Up

Online Banking

Included with all of our business accounts, our Business Online Banking offers your business a wealth of options to suit your business’ needs.

Features & Benefits

  • Get 24/7 access to all of your account features from anywhere.
  • View account balances and detailed transaction information.
  • Transfer funds between your Republic Bank of Chicago accounts.
  • View transaction history for 18 months.
  • View statements and check image history for 24 months.
  • Place stop payments.
  • Download information to Microsoft Money or QuickBooks software programs (Standard CSV, PDF and Bai2 downloads also available).
  • Utilize Administration Management by adding users and setting alerts, approval rights and limits, including dual authorization control
  • Multi-level security, including tokens
  • Originate ACH transactions and payroll direct deposit
  • Send outgoing wire transfers
  • Reduce fraud loss with Payee Positive Pay
  • Reduce time spent reconciling with Account Reconciliation
  • Loan payments and reporting

Mobile Banking

Bank wherever you are with Republic Bank of Chicago Mobile Banking! Available to all online banking customers, Mobile Banking allows you to check balances, make transfers, pay bills, make deposits, and find locations.

Available features:

  • Check your latest account balance and search recent transactions by date, amount, or check number.
  • Easily transfer cash between your accounts.
  • Schedule one-time payments with Bill Pay.
  • Find nearby branches and ATMs using the IPhone’s built-in GPS. You can also search by zip code or address.
  • Deposit checks on the go.

Download our new Mobile App and bank from anywhere life takes you.

Equipped with the same security features as Republic Bank of Chicago Online Banking. Message and data rates may apply. Review complete Terms and Conditions.

Safe & Secure

Keeping your account safe is our highest priority. We are continuously updating and upgrading our tools to ensure your account is protected. Here’s how you can help safeguard your information:

Secure your network

  • Install current anti-virus software and keep it updated.
  • Train your users not to click on unexpected links in emails or run unknown attachments.
  • Install a firewall on your internet connection.

Protect your accounts

  • Set up dual control on your accounts. By requiring two people to authorize a transaction, you complicate the hacker’s job.
  • Set up alerts. Our online banking system will send email or text alerts for any transaction. When you monitor these alerts and call the bank if there is an unauthorized transaction, we can block the transaction before any money changes hands.
  • Set daily limits on transactions to reduce your exposure. Any attempt to go past a limit will be denied.
  • Keep your password and user ID private. Do not share your information with anyone.
  • Know that we will never call and ask you for your password or user ID over the phone.
  • Check your online balances regularly. We recommend twice a day.

Remember, we are doing all we can to secure your online banking accounts, but the final responsibility rests with you. If you have any questions or need help applying these recommendations, please contact us at support@republicEbank.com.