Cash flow is important to every small business. So we've designed our small business checking product to make managing it easier. Whether you're just getting started or successfully growing, you'll be in-the-know about your finances 24/7.
1% Cash Back on Debit Card Purchases
Earn 1% Cash Back on all CREDIT or signature based debit card transactions on this account. That's $10 for every $1,000 you spend. Simply use your DEBIT card like a CREDIT card instead of entering your PIN or set up your card for auto-payment or recurring bills. There is no annual fee for this program. The Cash Back is credited at the end of the statement cycle.
iPay for Bill Payment Solutions*
iPay has online bill payment solutions in a highly configurable electronic payment platform that easily integrates with E-Bank.
- Functionality that permits users to delegate and manage payment tasks with strict entitlement controls
- Ability to enforce dual account signature requirements to ensure established payment approvals
- Create customized electronic invoices and manage receivables
View Demo on Business Online Bill Pay
- Electronic Bill Pay service is free of charge. Biz 2.0, which bundles invoicing, payroll, and bill pay is $15/mo.
Free Online Banking and Mobile Banking
Manage your bill payments and invoicing through online banking 24/7. Up to 200 items (debits, credits, or deposits) allowed per month. Make deposits into your online account using your mobile phone, iPhone, iPad or Android Apps available in the Apps Store.
Full or Partial Waver of Monthly Service Charge
Waive all or part of the monthly $7.95 service charge for bonus banking each month. The monthly service charge is reduced by $1.59 for each banking option you participate in throughout the statement cycle. Banking options include:
- Maintain a $2500 average collected daily balance
- Use account debit card at least 10 times per statement cycle
- Use E-statement
- Use Bill Pay
- Use Mobile Deposit or iTM Deposit
- Use Electronic Funds Transfer
- Use Automated Clearing House
- Write less than 10 checks per month
Simply Switch to Extraco's Business Bonus Banking
Have a question? Contact a small business banker today!
From depository services to innovative e-commerce solutions, Extraco's experienced Treasury Management Professionals work with you to optimize your company's working capital and collect your receivables faster. Accelerate collections, manage payables, automate processes, and put excess liquidity to work for you.
Take your business further with trusted and secure methods of payment. Extraco's Merchant Services enable you to process all major credit and debit transactions electronically with complete convenience and security.
Manage your merchant account now
Remote Deposit Capture
Streamline and improve the efficiency of processing check deposits. Remote Deposit Capture allows you to make check deposits without having to leave your business. It's ideal for businesses that process large amount of checks.
- Deposit checks electronically at your business for virtually instant credit
- Paper checks are digitally scanned and image is transmitted to Extraco
Mobile Deposit Capture*
Make deposits using your iPhone, iPad, or Android with Extraco's new Mobile Deposit Capture. All you have to do is sign up with Extraco, download the app from the App Store, and you're ready to go. For more information, click here.
- Standard data and text message rates apply.
- Must have Extraco E-Bank to use this service.
- There is a one-time only fee of $5.00 to use this service.
Financing for your business is an essential tool to help expand both your profits and your customer base. Our small business lending can help you get the new equipment and vehicles you need or refinance existing debt. Achieve your vision while safeguarding your financial success through Extraco's small business lending options.
Small Business Line of Credit
If you're looking for different financial options to expand and sustain your business, then consider a business line of credit. A line of credit can accommodate seasonal demands on your business along with the ups and downs in cash flow. It may also enable you to purchase inventory in anticipation of future sales.
Secured and unsecured term loans
Improve your working capital, expand your business, or finance equipment to give you a competitive edge.
Credit Card Solutions*
Convenient flexible spending power. That's the advantage of owning a small business VISA® Credit Card through Extraco. All credit card options come with a free online reporting tool called ScoreBoard. Click here for more information on Extraco's Small Business Credit Card offerings.
- VISA® Business Bonus Rewards Card
- VISA® Business Bonus Rewards Plus Card
- VISA® Business Card
* The creditor, issuer and service provider of these cards is Elan Financial Services, pursuant to a license from Visa U.S.A. Inc.
Request an application today
The purpose of insurance is to transfer a risk that you can afford to cover to a risk that you can't afford. At Extraco, we work with you to understand the specific needs of your small business enabling us to help provide the best insurance coverage to also fit your budget.
Regardless of the type of small business you operate, at some point you will be exposed to liabilities. Any damages that occurs to a third party while on your property, or as a result of using your product or service are paid by your insurance provider rather than by you or your business. Let Extraco tailor a policy to fit your small business needs.
- General Liability Insurance
- Public Liability Insurance
- Professional Liability Insurance
- Product Liability Insurance
- Employee Liability Insurance
Workers' Compensation Insurance
Workers' Compensation Insurance covers your employees' medical expenses and a portion of their lost wages if they are injured on the job. A good workers' compensation policy is actually an affordable benefit that protects both you and your employees.
Key Man Life Insurance
Small business owners have several needs for key man insurance including the ability to provide income if one of the key owners has to be replaced, to have the available liquidity to "buy-out" a deceased or disabled partner or shareholder's family, or to provide funds for the successful transition of the company when an owner retires. Other reasons to acquire Key Man Life Insurance include:
- Securing Financing
- Niche Businesses
- Start-up Businesses
Get a quote!
With all the hats you wear and the work that has to be done, finding time to think strategically is challenging. Having the insight, resources, and expertise you need to be more effective in managing cash, borrowing funds, and establishing benefits for your employees is essential for every business. Our Small Business Financial Services help you build that strategic plan so that you can work on your business, not just in it.
Employee 401(k) Planning
A 401(k) plan can be a powerful tool in promoting financial security for your employees. It's a valuable benefit that may help in attracting and keeping talented employees. Extraco can help with establishing and maintaining your employee 401(k) plan. There are many details to evaluate when considering a 401(k) for your business. We'll make it simple.
Executive Planning / Retirement Planning
After years of building your business, you have high hopes about the value you've created. Some business owners want to groom family members or management to take over. Others may expect to sell at a higher profit and retire. These opportunities don't just materialize on their own, but through creating an all-inclusive financial strategy customized to your business and personal needs.
Schedule an on-site visit for you or your employees today!
We know your time and resources are precious and that you need to be focused on what's most important, your business. Extraco's Small Business Technology Services are designed to help small business owners grow, manage, and protect the business they've worked so hard to build. By leveraging our technology services, you can get back to running your business instead of worrying about it.
Video Surveillance Systems
The best security systems are those that help you grow your business as well as protect it. Our small business surveillance systems can help you reduce many of the top risks that can affect your business.
- Network Cameras
- Video Servers
- Video Management Software
- Full range of accessories (wireless too)
Structured System Support
Extraco Technology provides network planning scalable enough to grow with your business and work seamlessly together. We understand that you might not know much about computer networking, data security, or disaster recovery. But really, you shouldn't have to. That's where we come in.
- Designing and implementing small and large networks
- Offsite backup
- Server hosting services
- Disaster recovery planning
- Help desk support
- Monthly IT support agreements
- Computer leasing and sales
For more information on Extraco Technology Services for your business, click here.