Effortless Business Banking Online
Essential Business Banking Solutions
Business Lending
Secure your business's financial support with our diverse lending options tailored for business growth and sustainability.
Bank Cards
Simplify your business transactions with our flexible bank cards. They are designed for convenience and financial clarity.
Treasury Management
Enhance your cash management, optimize liquidity, and make sound financial decisions with our comprehensive treasury solutions.
Currency Exchange
Navigate international markets seamlessly with our reliable and competitive currency exchange services.
Business Insurance
Protect your assets, operations, and employees with customized insurance solutions for your unique business challenges.
Fraud Prevention
Ensure your business's security with our robust fraud prevention tools and resources.
- Are IBC Bank’s small business loans secured or unsecured?
IBC Bank offers both secured and unsecured small business loans. The type of loan best suited for your business will depend on your financial needs and assets.
- How often should a business deposit cash at IBC Bank?
Based on daily transactions and security considerations, businesses are advised to deposit cash at IBC Bank as often as needed. Regular deposits can help in better cash flow management.
- How long does it take for a business check to clear at IBC Bank?
At IBC Bank, a business check typically takes 2-3 business days to clear. However, the duration might vary based on the check’s origin and other factors.
- How are business loans structured at IBC Bank?
IBC Bank structures business loans based on individual business needs, including the loan’s purpose, repayment capacity, and collateral. Terms and rates are customized for optimal flexibility.
- Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006 - The UIGEA, signed into law in 2006, prohibits any person engaged in the business of betting or wagering (as defined in the Act) from knowingly accepting payments in connection with the participation of another person in unlawful internet gambling. The Dept of Treasury and the Federal Reserve Board have issued a joint final rule, Regulation GG, to implement this Act. As defined in Regulation GG, Unlawful Internet Gambling means to "place, receive or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received or otherwise made". As a commercial IBC/Commerce Bank customer, these restricted transactions are prohibited from being processed through your account or banking relationship with us. If you do engage in an Internet gambling business and open a new account with us, we will ask that you provide evidence of your legal capacity to do so.
- Service charge is based on the average investable balance, an earnings credit, and the account activity volume. No service charge if the investable balance is sufficient to cover the cost of services provided.
- The average investable balance is calculated using the average ledger balance of less uncollected funds, less the reserve requirement, and a premium assessment factor.
- Items drawn against uncollected funds will be subject to an interest charge at the maximum legal rate permissible by law.