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Business Services

Small Business Support

Helping your business grow and succeed is important to us. We strive to add value to your relationship with us and encourage you to ask questions and provide feedback. Banking should be simple and as a business owner we know your time is not only valuable but often limited. We have a multitude of options to ensure you get the most out of your time when it comes to banking.

Cash Management

Cash Management is a necessary tool for business owners who want more control over their banking. With Cash Management users can send and receive ACH funds. This includes payroll capabilities and initiating ACH withdrawals.

Within Cash Management users will also have access to Positive Pay which allows them an added layer of security.

With Positive Pay, you can monitor checks before they are processed for payment. This empowers you to reject unauthorized transactions.

Remote Deposit Capture (RDC)

If making the daily trip to the bank for deposits is a hassle, we can help relieve that stress. Remote Deposit Capture allows you to make deposits on your own time. Deposits must be made before 6:00 pm CST on a business day in order to be considered deposited the same day. Deposits made after 6:00 pm CST on a business day will be considered deposited the next business day.

Tap2Local

This feature allows small and micro businesses to accept card payments directly on their phones. For example this could be a business that sells at the farmers’ market, pop up shops, or any kind of small business looking to offer a payment solution to their customers. Even if you have another primary option this is a great backup alternative.

How does it work?

The business will need a smart device to access their online banking.

Tap2Local has various payment options.

Payment using a tap debit/credit card or a digital wallet card.
The vendor can create a QR code to show their customer and they pay by scanning that QR Code.
The vendor can send a payment link via text or email. This is great for businesses that sell online.
The vendor can create an invoice to be mailed or sent digitally.

Tap2Local integrates with leading accounting platforms and eliminates the need for manual reconciliation. Funds are automatically deposited into your business account and you will see an activity log that shows all transactions in real time.

Transaction fees are similar to other payment processors.

A big perk of Tap2Local is that there is no fee if the service isn’t used.

We (LSB) have no authority to approve or deny customers’ use of this product. The entire application process is run through Moov.

Fees, additional disclosures, and application required. For more information on any of these business solutions please reach out to us via phone 641-472-9839 or by email to Carrie or Lisa.

Testimonials

Hear what customers have to say about banking at LSB!

Locations

We have 6 offices in southeast Iowa, whether you’re in Fairfield, Libertyville, Eldon, Keosauqua, Keota, Douds or the surrounding area, we have you covered!