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Treasury Management

Icon offers many services designed to give you control over your working capital, optimize your cash flow and put idle funds to work -- all from your desktop. Our cash management services are available to help you effectively collect and disburse money.

We understand the nuances of today's payment systems and the power of using the Internet to help address your cash flow challenges and generate the desired results. To learn more about our treasury management services, please call an Icon banker  (click here to find the location closest to you). We are open to tailoring services based on your needs.

Select one of our services below for more in-depth information.

Account Reconciliation

By using our automated account reconciliation services, you can upload customized reports to your accounts payable software and save the time and expense of manually reconciling deposits and payments. With a variety of options to choose from, Account Reconciliation allows your staff to have more time for productive tasks and reduces the number of exceptions from posting errors, accelerated problem resolution, speed check research, and simplifies your accounting tasks. It is so simple that you can even reconcile daily, if desired.

To learn more, call an Icon banker for more details (click here to find the location closest to you).

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Automated Clearing House

Take advantage of greater operating efficiencies in treasury, accounts receivable, and accounts payable with this modern collection and payment method. ACH offers quick, accurate, secure payment and collection of funds through electronic transactions. We can collect payments on your behalf, consolidate funds from other locations and initiate remittances through easy to build ACH templates.

Your company can also offer the benefits of ACH direct deposit to your employees. With direct deposit, your employees will not need to visit the bank to cash or deposit payroll checks, expense reimbursement checks, stock dividends, company bonuses, pensions, annuity, and interest payments.

To learn more, call an Icon banker for more details (click here to find the location closest to you).

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Commercial Deposit Processing/Cash Vault

Our commercial deposit processing/cash vault is a convenient way for your business to make large cash or check deposits and/or order cash to run day-to-day operations using the security features of messenger service or armored carriers. Our cash vault services can provide your company optimum cash acceleration with an efficient, secure environment that reduces your company’s exposure to loss or theft. Your business can receive same day ledger credit on all deposits made on a business day. We can design a schedule based on your needs and work with an armored car service to deliver your deposits directly to the bank. Change orders are placed through Icon eWIRE, by phone or fax.

To learn more, call an Icon banker for more details (click here to find the location closest to you).

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I-SCAN Remote Capture Deposit

I-SCAN uses the latest banking technology to create a virtual branch right on your desktop. With I-SCAN, you can deposit checks electronically into single or multiple accounts without having to physically transport the deposit to the bank. Now you can take care of your banking without sacrificing time away from your business!

How it works:
Simply create an electronic copy of the check by scanning the check through a small desktop device that reads the account information and the payment amount. The data is then transmitted over a secure connection to Icon.

The benefits:
Speedier cash flow and deposit availability, allowing later deposit deadlines. You also enjoy reduced processing costs, decreased fraud exposure, and shorter reconciliation time.

To learn more about how I-SCAN can work for your business, call an Icon banker for more details (click here to find the location closest to you).

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Image Based Lockbox

Expedite your receivable collections and postings with this product. Your incoming payments bypass your corporate office and come directly to the bank. Since we deposit the checks for you, you gain additional audit controls due to the further separation of the depositing and account posting functions. Mail float, processing float and collection float are all reduced. We make the deposits early in the day and put your money to work, enabling you to view the checks and invoices over the Internet all before you would normally open the mail. We can transmit custom files to enable automated accounts receivable updating.

Please click here to find an Icon banker near you for more information on how to streamline your accounts receivable processing and free your staff for more productive tasks with imaged based lockbox.

Click here to access your image based lockbox online.

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Medical Lockbox

Medical Lockbox services offer a fast, efficient, and reliable way to process mail payments received from patients and insurance companies. Icon Bank’s Medical Lockbox services are flexible enough to offer various processing and information reporting options tailored to meet your needs. We make your deposits early in the day and put your money to work, enabling you to view the checks and EOB (explanation of benefits) documents over the Internet.

To learn more about Medical Lockbox, call an Icon banker for more details (click here to find the location closest to you).

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Merchant Services

Our Merchant Services include products that fit directly with your company’s needs. From the traditional credit card terminals to virtual checks, Merchant Services makes it convenient for your customers to do business with you.

To learn more about Merchant Services, call an Icon Banker for more details (click here to find the location closest to you).

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Online Banking Services Through I-BANKING Online

At Icon Bank we know how important your time is. I-BANKING Online gives you the flexibility to do your business banking whenever and wherever you like. I-BANKING Online is a safe, convenient and simple way to access your account information, make funds transfers, pay bills and more. To learn more, please click here or call an Icon banker for more details (click here to find the location closest to you).

With I-Banking Online you can: 

  • Access account balances and transaction details for accounts
  • View checks and statements
  • Set email notifications

Login to your account  or enroll to get started with I-BANKING Online.

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Positive Pay

Guarding against check fraud is no small matter. Inexpensive home computer technology and software advancements have made check fraud a major area of financial crime, growing at a rate of 25% a year, according to the American Bankers Association. Icon Bank offers Positive Pay, the latest check fraud detection technology.

Find out more about how your company can get started with Positive Pay by contacting an Icon Banker for more details (click here to find the location closest to you).

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Wire Transfer Service

Electronically transfer funds quickly and securely throughout the country or the world with our Wire Transfer services. Wire transfer provides same day availability of funds. Using Icon eWIRE, customers can create and maintain wire templates or initiate free-form wire transactions. Icon eWIRE also allows you to easily set dollar limits and approval requirements and provides an audit trail for future reference, thus enhancing your daily treasury management controls.

To learn more about Wire Transfer Service, please call an Icon banker for more details (click here to find the location closest to you).

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Zero Balance Account

Our Zero Balance Account provides an efficient, automated means of cash flow control between multiple accounts. It consolidates your funds into a single account, and then automatically funds your operating account on an as-needed basis. It works well with payroll accounts or a petty cash account. ZBA makes daily cash management functions easier and simplifies managing multiple accounts, eliminating numerous account transfers and improving audit trail information. It will save you time and help you avoid costly overdraft mistakes.

To learn more about Zero Balance Accounts, call an Icon banker for more details (click here to find the location closest to you).

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