Cash Management Program

The PrivateBank's Cash Management Program is a flexible, fully-integrated program designed to fit your specific needs. It is a package of automated services structured to make money work harder for you in all the areas of the business cash cycle: Collection, Concentration, Disbursement, Investment and Control.

Corporate Credit Cards

We offer corporate credit cards for Visa. The PrivateBank is also available to assist your business as a credit card processor for merchant activity (fee is based on activity).

Business NetBanking

Commercial clients of The PrivateBank enjoy the convenience and speed of on-line banking through our Business NetBanking. In addition to providing full access to account information, you can make transactions, view the balance and activity of your accounts, make transfers, and browse our web site for current interest rates. You can even pay all third-party bills on-line, consider new financial opportunities, and more.

PrivateDeposit

PrivateDeposit is a solution that allows you to capture, validate, and transmit your deposits from your office.

PrivateDeposit reads the amount of each check you scan and balances the totals to a deposit control amount you enter. The images and deposit information are then electronically delivered to the Bank over a secure Internet connection. Once The PrivateBank receives your file you are sent an email confirmation of receipt.

Sweep Accounts

To maximize the interest earned on your deposits we offer a Sweep Account. The Sweep Account can be set to a "peg" balance or to a "zero" balance. Anything above or below this "peg" or "zero" balance would be transferred in or out of a separate Money Market Account daily. This allows you to earn interest on any excess funds.

Credit Card Processing

We have partnered with Moneris Solutions of Schaumburg, Illinois to provide the state-of-the-art technology and competitive and flexible pricing for your credit card processing needs. We are equipped to process MasterCard, VISA, Discover, American Express, debit cards, and other non-bankcards.

Positive Pay

Positive Pay provides you with the ability to manage check fraud through exceptions reported through our Business NetBanking. Details relating to the exception, along with an image of the check, are displayed within the exception report. Decisions on how to handle exceptions are reported to The PrivateBank daily. Historical reporting and the ability to search for specific transactions are available for 45 days.