Old Second

 
banking, debit, credit, Old Second, savings, checking, Wealth Management, finance, mortgage, lending, loans

Packaged Solutions

Our pre-packaged banking solutions provide quick and easy access to many of Old Second’s most-popular business-banking services. With Old Second’s packaged solutions, you can stop banking small and start banking with a service-rich business partner.

Options

  • Start Banking

    For business owners who simply want “the basics” and do not require a large credit line or a lot of unnecessary “bells and whistles,” this package offers a feature-rich service bundle.

    Basic e-service bundle

    • Free Basic O2 Business Online
    • Free Bill Pay
    • Free eStatements

    Business Free Checking

    • No minimum balance
    • 102 free transactions per month1
    • No monthly maintenance fee
    • Free O2 Business Debit Card with rewards program
    • Line of credit2 — Funding when you need it and with terms structured around your cash-flow cycle.

    Optional

    • O2 Deposit Scan - Deposit checks with your own flatbed scanner. Contact us for pricing. Learn more.
    • O2 Mobile Deposit - Use your mobile device to make check deposits from anywhere. Learn more.
    • O2 Remote Deposit Capture - Manage your deposits with a bank-provided scanning device. Contact us for pricing. Learn more.
    • Employee gift cards - Old Second offers prepaid cards you may reload and personalize.
    • Payday cards - Simplify and secure your payroll process by loading each employee’s pay onto a payday debit card each pay period.

    Includes access to Business Laddered CDs and our Business Builder Savings Account to keep your idle cash working for you at all times.

    1 $0.35 for each additional.

  • Start Building

    This package is designed for businesses with higher transaction levels and those requiring more sophisticated cash management needs and growth strategies.

    Basic e-service bundle

    • Free Basic O2 Business Online
    • Free Bill Pay
    • Free eStatements

    Business Choice Checking

    • No minimum balance
    • 202 free transactions per month1
    • $12 monthly maintenance fee waived2
    • Free O2 Business Debit Card with rewards program
    • Line of credit3 — Funding when you need it and with terms structured around your cash-flow cycle.
    • Sweep account4 to:

      • Business Builder Savings or Money Market Account
      • Overdraft protection sweep 5
      • Personal checking

    Optional

    • Electronic options - O2 Deposit Scan, O2 Mobile Deposit, O2 Remote Deposit Capture, Clear & Simple mobile payment acceptance.
    • E-cash Management - an optional module available with O2 Business Online, offers online ACH, wire transfers and Positive Pay. Also includes access to Business Laddered CDs, Business Money Market and Business Builder Savings Accounts—the hassle-free way to keep your cash working as hard as you do.
    • Merchant card processing services — With the ability to process credit and debit card payments, you can provide additional payment options for your customers.
    • Employee gift cards — Old Second offers prepaid cards you may reload and personalize.
    • Payday cards — Simplify and secure your payroll process by loading each employee’s pay onto a payday debit card each pay period.
    • Lockbox services — Your customer payments go directly to a post office box, and Old Second will pick up, process and deposit those payments for you every business day.
    • Payroll services
    • Retirement plan services (SEP,401k, IRA)
    • Health Savings Accounts — An Old Second health savings account can help your employees save and pay for current and future health care expenses with tax-free dollars.

    1 $0.35 for each additional.
    2 If core personal and business deposits are at least $25,000 or customer maintains $100,000 in CD or loan balances.
    3 For qualified accounts.
    4 Free set-up available through O2 Business Online only.
    5 $10 per occurrence.