Old Second

 
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Treasury Management Solutions

Start collecting and disbursing funds efficiently while making the most of your cash balances with Old Second’s comprehensive treasury management services. We invite you to meet with a commercial banker to discuss the solutions appropriate for your business.

Solutions

  • Receivables Management

    Old Second’s solutions are designed to help you collect your payments quickly, efficiently and securely, so you can put your funds to work for your business. Contact a banker to review our array of products, which let you give your customers a variety of payment options.

    ACH Collections: Save time and money by collecting your customer payments electronically.

    O2 Remote Deposit: Scan and deposit checks from the convenience of your own computer. Learn more.

    O2 Deposit Scan: Using your own flatbed scanner, individuals and businesses can make deposits from home or office. Learn more.

    O2 Mobile Deposit: Use your mobile device to make check deposits from anywhere. Learn more.

    O2 ATM Deposit: Use your O2 Business Debit Card at any of our deposit-enable ATMs. Our newer ATMs let you make your check or cash deposit without a deposit envelope.

    Electronic Data Interchange (EDI): Receive ACH collections with fully translated EDI.

    Lockbox: Reduce cost, save time, and receive imaged remittance files with Old Second's in-house lockbox.

    Incoming Wire Transfers: Enjoy same-day availability of funds when wired directly to your business account.

    Merchant Processing Service: With the ability to process credit and debit card payments, you can provide additional payment options for your customers.

    Mobile Credit Acceptance: Take your point of sale wherever you have your phone or tablet. Learn more.

  • Disbursement Solutions

    Just as managing your customer collections is essential to effective treasury management, so is ensuring timely, secure payments to your employees and vendors. Old Second offers several services to help you develop and maintain an efficient and secure disbursements strategy.

    ACH Payments: Save time and money by transmitting your tax and other payments electronically and, if you choose, automatically.

    Payroll Direct Deposit: Your business can transmit payroll direct deposit transactions electronically to us any time 24 hours a day, seven days a week.

    Electronic Data Interchange (EDI): Replace paper transactions with electronic data and funds transfers.

    Controlled Disbursement: This service lets you work your surplus cash and control your idle balances to make the most of loan and investment opportunities.

  • Account Solutions

    Your Old Second banker will help you select the accounts that best suit your business and treasury management goals. We offer a variety of choices, so you can tailor your accounts to the specific features and services you demand.

    Business Checking Options: Choose from a variety of accounts, including those offering regular interest payments or an earnings credit you may use to offset monthly fees and other charges.

    Savings Options: Old Second provides various savings, money market and CD alternatives to help you enhance your cash balances.

    Sweep Accounts: Our assortment of sweep accounts lets you put excess collected funds to work, by contributing to your business’ bottom line, generating interest or paying down debt.

    Zero Balance Accounts: Automatically fund separate accounts at specific business locations via a centralized cash pool, giving you control over your disbursements, collections and cash.

  • Card Services

    Old Second’s comprehensive card services help you simplify, streamline and track your company’s payments. In addition, with our merchant services, you can accept credit card payments and offer your customers a convenient and efficient payment method.

    Corporate Credit/Debit Cards: Our corporate credit and debit cards give you the tools and flexibility to keep your business running smoothly and efficiently—all on your terms. You control spending and access limits for each card holder, while enjoying streamlined management and recordkeeping. You’ll also enjoy free enrollment in Old Second’s debit card rewards program.

    Purchasing Card: Consolidate multiple purchases into a single payment with an Old Second purchasing card, a corporate credit card designed to streamline the purchase order and payment processes for low value transactions.

    Payday Card: Simplify and secure your payroll process by loading each employee’s pay onto a payday debit card each pay period.

    Gift Card: Old Second offers prepaid cards you may purchase in a variety of increments and personalize for each recipient. Gift cards are available at any Old Second location.

    Merchant Processing Service: With the ability to process credit and debit card payments, you can provide additional payment options for your customers.

  • Fraud Prevention

    Fraud remains a growing problem within many industries. At Old Second, we’re committed to providing state-of-the-art fraud protection services to help keep your funds and your transactions safe and secure. Our services provide peace of mind by preventing unauthorized access to your accounts.

    Positive Pay: With this service, Old Second will only clear checks you’ve authorized. We’ll also identify and prevent unauthorized checks from clearing your account.

    ACH Fraud Protection: Protect your company from payments fraud and unauthorized ACH debit transactions with ACH Debit Blocks. You specify which companies are allowed to post ACH debits to your accounts and block unauthorized ACH debits. Additionally, you may set maximum debit amounts allowed.