Bank like the business you want to be

At Old Second, we offer the service and solutions to make banking hassle-free. From packaged solutions featuring our most popular products, to individual solutions customized to your needs, we look forward to helping you start banking like the business you want to become.


Checking & deposit solutions

Our business banking service packages bundle all the features your business needs with the convenience and quality of service you may not be expecting from an "off the shelf" business banking program. Contact a business banker at 877-866-0202.

 

START BANKING


BENEFITS:

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, bill pay, eStatements
  • Business Free Checking: No minimum balance or monthly maintenance fee, O2 Business Debit Card with rewards program, 102 free transactions per month1
  • Includes access to Business Laddered CDs and our Business Builder Savings account to keep your idle cash working for you at all times
OPTIONAL:
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

BENEFITS:
  • Basic e-service bundle: Free Basic O2 Business Online, bill pay, eStatements
  • Business Choice Checking: O2 Business Debit Card with rewards program, no minimum balance, 202 free transactions per month1, $12 monthly maintenance fee waived2, line of credit3
  • Sweep account4 to: Business Builder Savings or Money Market account
  • Overdraft protection sweep5
  • Personal checking
  • Business Laddered CDs, Business Money Market and Business Builder Savings accounts
OPTIONAL:
  • O2 Deposit Scan, O2 Mobile Deposit, O2 Remote Deposit Capture
  • E-cash management—an optional module available with O2 Business Online, offers online ACH, wire transfers and Positive Pay
  • Merchant card processing services
  • Employee gift cards and payday cards
  • Lockbox services and payroll services, retirement plan services (SEP,401k, IRA), health savings accounts
1$0.35 for each additional. 2If core personal and business deposits are at least $25,000 or customer maintains $100,000 in CD or loan balances. 3For qualified accounts. 4Free set-up available through O2 Business Online only. 5$10 per occurrence.

Lending solutions

When you own a business, you often need to take credit—not just for what you do, but for what you'd like to do in the future. That's where we come in. At Old Second, we offer a wide range of credit options to help you grow into the business you want to become. Contact your loan officer to develop the solution that is right for you.

LOAN OPTIONS


Regardless of your need, we can structure a loan customized to meet your objectives.

  • Business Term Loan with fixed dollar amounts and set payback terms
  • Business Real Estate Loans for acquisition or other real estate financing purposes
  • Construction Loans, which can be packaged together with mortgage financing
  • SBA* Loans for qualifying companies, which can lower down payments and extend repayment

SBA PROGRAM SPECIFICS


Old Second Bank is an SBA Preferred Lender, which can result in faster approvals.

  • SBA 504 Program
  • SBA 7A Program

LINE OF CREDIT


Secure funding for times when you need it and with terms structured around your cash-flow cycle.

USES:
  • Working capital financing
  • Equipment financing

LETTER OF CREDIT


When your equipment financing deal requires an extra level of comfort—a guarantee of either your future performance under a contract or that of a vendor's—we can provide a variety of options for closing your deal to the satisfaction of all involved parties.

*The Small Business Administration (SBA) is an office of the federal government. It was created to assist small businesses (as defined by the Small Business Act). Their intent was to increase the ability to compete in international markets by enhancing their ability to export, facilitate technology transfers and compete effectively and efficiently against imports. With the help of the SBA office, we can offer loans to small businesses that might not have the ability to obtain a conventional loan. For more information, please visit the SBA website.

Priority-powered banking cash management solutions

We offer you a variety of products and services to help manage your company's daily banking functions while enhancing your cash balances. Our services are available through prepackaged options, or you can work with your banker to build your own suite of products.

RECEIVABLES AND PAYMENT MANAGEMENT


Collect and disburse payments efficiently and securely.

  • ACH Service
  • O2 Remote Deposit
  • Lockbox
  • Mobile solutions
  • Incoming and outgoing wire transfers
  • Merchant Processing Service
  • Controlled Disbursement Service

ACCOUNT SOLUTIONS


Tailored to the specific features and services you prefer.

  • Choice of business checking and savings options
  • Sweep accounts
  • Zero balance accounts
  • Card Services including corporate credit/debit cards, purchasing cards, payday cards and gift cards

FRAUD PREVENTION


These services help keep your funds and your transactions safe and secure.

  • Positive Pay service (only checks you’ve authorized are cleared)
  • ACH Fraud Protection (you control the access for each user and each ACH function)

Card services

The O2 Business Debit Card is the perfect solution for you or your employees. And with membership in the O2 Business Debit Rewards program, it literally pays to use when they use your O2 Business Debit Card. Contact your banker to enroll.

EARN EVERYDAY POINTS


By simply signing or using the credit option when making a purchase, O2 Rewards cardholders earn 1 point for every $4 spent. Cardholders can use their points towards hundreds of rewards including gift cards, merchandise, travel, experiences, green products, charitable donations and more.

EARN EVERYDAY SAVINGS


Now with Swype, debit cardholders will receive instant savings at their favorite stores and restaurants for FREE! Cardholders can sign into their rewards account to view all available offers.

  • Sign into O2 Rewards to view the available online and in-store offers.
  • Use the O2 Rewards debit card at the participating merchants.
  • Get money back into your account instantly!

EARN BONUS POINTS


O2 Rewards members have exclusive access to several ways to earn bonus points and save big. Multiply the number of points you earn up to 5x when you follow the links and shop with the O2 Rewards debit card.