Commercial Deposit Services
- Commercial Checking
- Small Business Checking
- Commercial Checking Plus
- Premium Commercial Checking Plus
- Corporate Sweep Accounts
- Commercial Money Market
- Lawyer’s Trust Fund Account
- 401k Plan Administration
- Land Trusts
Commercial Checking*
A Commercial Checking Account is designed for corporations, partnerships, sole proprietorships, Limited Liability Companies, organizations and professionals.
For more information contact a Personal Banking Counselor nearest you. Banking Center Locations
*Paid checks are available on CD-Rom. Ask for details and pricing.
Premium Commercial Checking Plus*
A Premium Commercial Checking Plus (NOW) Account has all the features and benefits of our Commercial Checking Plus Account and pays higher rates of interest on balances of $25,000 or more.
For more information contact a Personal Banking Counselor nearest you. Banking Center Locations
*Paid checks are available on CD-Rom. Ask for details and pricing.
Small Business Checking*
A Small Business Checking Account is designed for commercial customers who have a low volume of account transactions and are after an economical and easy to understand checking account.
- Minimum deposit required to open is $100
- No minimum balance required to maintain
- Free On-line banking
- Free Business Debit/ ATM Card with Fraud Alerts
- Free imaged Check fronts returned with easy to read monthly statement
- Aggregate transaction volume exceeding 400 items during a statement cycle will cause a monthly service charge to be assessed
For more information contact a Personal Banking Counselor nearest you. Banking Center Locations
*Paid checks are available on CD-Rom. Ask for details and pricing.
Commercial Checking Plus*
This special Commercial NOW (Negotiable Orders of Withdrawal) Account is essentially a regular checking account that pays interest. Current banking regulations restrict NOW Accounts to individuals, sole proprietorships, and certain not-for-profit organizations.
- Fluctuating rate of interest that accrues on the daily ledger balance and requires a $1,000 minimum opening deposit. Service charges may apply.
- Account must remain open through the end of the month to receive an interest credit.
- If the account balance falls below $1,000 at any time during the statement cycle, a $10.00 fee will be assessed.
For more information contact a Personal Banking Counselor nearest you. Banking Center Locations
*Paid checks are available on CD-Rom. Ask for details and pricing.
Corporate Sweep Accounts
Earn a higher return on your cash assets and manage working capital more efficiently with a Home State Bank Corporate Sweep account. A Sweep Account is designed for commercial business maintaining high daily balances.
Earn high daily dividends in your Sweep Account while maintaining liquidity
and easy access to your cash through your Home State Bank commercial checking account.
In addition to your monthly commercial checking account, you will receive a separate Corporate Sweep Account statement reflecting all sweep transactions made during that cycle along with the interest earned.
The Sweep program consists of two separate accounts.
- Main account is a non-interest bearing transaction account which gives easy access to cash and requires a threshold balance before a sweep will be made.
- Secondary Investment account - Funds in excess of the threshold balance is transferred to a secondary investment account that accrues interest daily on a fluctuating rate that increases depending on the account’s daily ledger balance.
A Sweep account must remain open through month end to receive an interest credit.
For more information on how we will customize our programs to fit your needs contact Patti Lutz, our Vice President and Commercial Services Specialist at (815) 788-3458.
Commercial Money Market
Our Commercial Money Market Account allows you to earn more on your money while still providing you with convenient check writing access to your money.
- Minimum balances of $1,500 apply
- Federal law limits Commercial Money Market Accounts to 6 withdrawals during a statement cycle, three of which may be by check.
- A Commercial Money Market Account must remain open through month end to receive an interest credit
For more information contact a Personal Banking Counselor nearest you. Banking Center Locations
Lawyers Trust Fund Account (LTFA)
A Lawyer’s Trust Fund Account is an interest bearing NOW Account designed for nominal or short term client deposits held by lawyers in trust accounts.
- The net proceeds (interest less service charges) are remitted quarterly to the Lawyer Trust Fund of Illinois.
- There will never be a deduction for a service charge nor will there be an interest credit to the account because LFTAs are aggregated prior to remittance.
- Balances will always reflect actual transactions.
For more information on how we will customize our programs to fit your needs contact a Personal Banking Counselor nearest you. Banking Center Locations
Home State Bank/N.A. is a member of the FDIC.
