Business Banking
“What we really love is having our clients out in the community implementing their ideas and their products to benefit their customers and communities. It’s rewarding to be a part of that process.”
– Jeff Meyers, SVP and Senior Loan Officer
“What we really love is having our clients out in the community implementing their ideas and their products to benefit their customers and communities. It’s rewarding to be a part of that process.”
– Jeff Meyers, SVP and Senior Loan Officer
“What we really love is having our clients out in the community implementing their ideas and their products to benefit their customers and communities. It’s rewarding to be a part of that process.”
– Jeff Meyers, SVP and Senior Loan Officer
Business Banking
Thank you for considering WoodTrust Bank for your business banking needs. We take great pride in offering our business clients the products and services they want and need along with the personalized attention they deserve.
For well over a century, WoodTrust has grown on the strength of our people and success of our customers. We are a dynamic team of banking professionals who start with a handshake, develop a deep understanding of your business and provide a personal approach to help each business navigate their complex financial needs.
It’s a dramatic difference that appears proactively in the way we anticipate requirements, offer solutions, and dedicate a team of professionals to help your business succeed. Our qualified bankers apply their specialized industry knowledge to customize solutions that suit the various needs of each business – and deliver that service as trusted advisors.
We continuously strive to exceed customer expectations.
Click below for more info
Business Deposit Accounts
Deposit Services
Every business has a different blend of financial needs and WoodTrust offers an immense selection of deposit accounts with distinct features. Knowledgeable and experienced business bankers can help you select the right checking, savings, money market or investment account to satisfy your unique situation. These solutions offer a variety of automated and online features that can make running your business more efficient and profitable.
Business Checking and Savings Accounts
WoodTrust offers tailored checking, savings, and investment account options to suit the ever-changing needs of your business. Our experienced staff will work closely with you to understand the uniqueness of your business and provide financial solutions to help it grow and prosper for years to come.
Whether you’re looking for a traditional low-cost checking account, one that earns interest, or a more complex structure that helps manage your robust cash flow, WoodTrust can construct an account framework with the features you need, while also offering a complete line of savings plans to help your business maximize its excess funds. As an additional benefit, we can consolidate all WoodTrust account information into one easy-to-read statement with check images you can be receive electronically at home or in the office.
Business Checking / Small Business Checking
This core business deposit account may be used to offset all or a portion of your transaction fees with 24/7 access through Business Internet Banking.
Savings, Insured Money Market Accounts, and Certificates of Deposits
Open a Savings Account with as little as $100 and earn daily interest on your balances. Clients can also take advantage of a WoodTrust Insured Money Market Account – a savings account with check-writing privileges. This offers greater flexibility and convenience, with higher rates of interest as the account balance grows. WoodTrust Certificates of Deposit are available to meet time-specific savings needs and provide a low-risk investment option.
Business Super Now
Business Super Now accounts are designed specifically for sole proprietors, government, and non-profit organizations. The account earns a market rate of interest on the daily collected balance.
Remote Deposit
Through the convenient use of WoodTrust’s Remote Deposit system, any business can securely convert paper checks into electronic files from the convenience of their place of business. This generates a secure acceleration of access to funds and an increase in staff productivity. This solution reduces the risk of loss-in-transit and eliminates the need to visit the bank for day-to-day deposits.
How It Works
Remote Deposit is a safe and simple system that requires access to three main tools; a desktop scanner, a computer, and the Internet. The process is quick and easy. The scanner generates check images from the original paper checks and the computer sends those files directly to WoodTrust’s processing center for forward presentment and payment. This efficient process adds security through the elimination of unnecessary steps to process a deposit.
Accessibility
Prepare and submit deposits directly from any business location and whenever it’s most convenient – during the evening, over a weekend or even on holidays. Depositing checks quickly may qualify deposit items for faster availability.
Cost and Time Efficient
Eliminate courier costs or employee trips to the bank and consolidate multiple banking relationships to save money through reduced fees. The preparation time for a deposit is decreased without the aggravation of missing the processing cut off time.
Minimize Fraud
By depositing checks more rapidly, the collection process is started sooner and creates less time for fraudsters to attack a business.
Automated Workflow
Several automated features include virtual endorsements, deposit tickets, transaction balancing and validation, and the confirming receipt of transaction data.
Business Loans
Whether looking to expand, purchase new equipment, finance working capital, or acquire another company, WoodTrust’s experienced lenders can offer unbiased advice and flexible solutions to help businesses meet their needs and maximize cash flow. WoodTrust offers a variety of financing options — including lines of credit, corporate credit cards, term loans, equipment loans, real estate loans, and loans for acquisition and growth — to meet your business needs.
Commercial Real Estate Loans
Whether you are looking to purchase a new office, manufacturing building or multi-family property, renovate your existing space, refinance an existing real estate loan, or add to your commercial investment portfolio, a real estate loan from WoodTrust can offer a solution tailored to your objectives.
Revolving Lines of Credit
If you have short term or seasonal cash flow changes, a revolving line of credit from WoodTrust offers working capital to meet your needs and more. You draw on the line of credit as you need it and only pay interest on what you use. As you pay back the line of credit, more becomes available for future borrowing.
Corporate Credit Cards
WoodTrust offers payment solutions to maximize efficiencies and meet the unique needs of your organization. Whether purchasing supplies or providing your employees the ability to streamline their business expense, WoodTrust’s card program can be customized to support all of your payment needs.
Equipment Loans
Your business runs on wheels, machinery, state-of-the-art equipment, and get-the-job-done tools. WoodTrust offers financing options across multiple industries and range in single unit purchases to financing solutions for fleet needs.
Acquisition and Growth Loans
From the first time you set your sights on the future of a new business venture, to hiring the 100th employee or investing in the next generation of leadership, WoodTrust will help make your transition seamless.
Lending to Non-profit Organizations
With WoodTrust, you’ll work with an experienced banker who understands the unique needs of your organization and can offer solutions designed specifically for you. This includes tax-exempt financing and lines of credit to bridge receipt of capital campaign pledge proceeds.
Internet & Mobile Access
Business Internet Banking
Business Internet Banking provides businesses with the convenience, flexibility, and power to access business accounts and make transactions from virtually any computer or mobile device with an internet connection.
How It Works
Business Internet Banking provides secure web-based access to bank account information on a 24/7 basis. Authorized users can view balances, historical and intraday account activity, view and print check images, and initiate internal transfers between owned accounts from their desktop or mobile device. Security is multi-level and end user access to features and account information is controlled by the company administrator. ACH file origination is available as a NACHA formatted file upload or via templates that assist in the creation of debit or credit files.
Account Balances
Obtain on-the-spot balance reports of all accounts with debit and credit summaries.
Account Detail
Search for specific items such as electronic payments, POS transactions, service charges, direct deposits, ATM transactions or debits and credits.
Account Transfer
Transfer funds between bank accounts and save frequently-used transfer profiles.
ACH Payment
Initiate electronic payments for direct deposit, expense reimbursement, and vendor payments, with or without payment information addenda records.
ACH Collection
Initiate ACH debits to collect receivables more quickly, improving cash flow. ACH direct debit is safe and efficient, and it ensures receivables are collected on the agreed upon due date. A single authorization can be relied upon for a one-time or recurring payment arrangement.
Check Depositing
Deposit Checks directly from your mobile device. Take a picture of the front and back, select the desired account and get notified same-day.
Loan/Line of Credit
Access current detailed information on all loan and credit line balances and activity, with the ability to initiate payment and drawdown transactions.
Multiple User Access
Multi-level 128-bit encryption security and access, with User IDs assigned to each company individual. Access rights and capabilities are assigned by the company.
Through the convenience of Online Banking, businesses can choose to closely monitor the debit activity that is coming into their accounts. This provides a safe and simple way to identify unauthorized debits so they can be effectively returned.
How It Works
With this tool, businesses are given a heightened awareness of their account activity before the transaction posts. ACH Positive Pay is completely managed within Business Internet Banking. Users can add a customized list of debits that are authorized to post to their accounts. Any debits that do not meet the defined criteria will require further attention.
Accessibility
View exceptions and manage filters in the secure Business Internet Banking platform on your laptop or mobile device.
Fraud Prevention
View incoming debits that fall outside the pre-approved parameters before they are processed, allowing fraudsters no chance to attack your business.
Automated Notifications
Get notified by email when a new exception requires review.
Prevent check fraud and mishandling of checks while also monitoring your account daily. Check Positive Pay gives businesses the benefit of automatically keeping up with their issued checks as they clear, allowing for better recordkeeping and smoother reconciliation while also providing a solid blanket of protection and greater peace of mind.
How It Works
Using this tool, businesses can upload a file of issued checks through Business Internet Banking. As checks clear, they are automatically validated against the uploaded file. Mismatched checks are set aside for review. Numerous benefits are gained from this tool, including fraud awareness, stop payment management, stale dated detection and more!
Security
Ensure account security through Check Positive Pay. Closely monitor processed activity through the convenience of Business Internet Banking.
Simplicity
Make decisions at your convenience. View and manage cleared checks on your laptop or computer. Notify the bank of questionable activity at the click of a button.
Business Deposit Accounts
Deposit Services
Every business has a different blend of financial needs and WoodTrust offers an immense selection of deposit accounts with distinct features. Knowledgeable and experienced business bankers can help you select the right checking, savings, money market or investment account to satisfy your unique situation. These solutions offer a variety of automated and online features that can make running your business more efficient and profitable.
Business Checking and Savings Accounts
WoodTrust offers tailored checking, savings, and investment account options to suit the ever-changing needs of your business. Our experienced staff will work closely with you to understand the uniqueness of your business and provide financial solutions to help it grow and prosper for years to come.
Whether you’re looking for a traditional low-cost checking account, one that earns interest, or a more complex structure that helps manage your robust cash flow, WoodTrust can construct an account framework with the features you need, while also offering a complete line of savings plans to help your business maximize its excess funds. As an additional benefit, we can consolidate all WoodTrust account information into one easy-to-read statement with check images you can be receive electronically at home or in the office.
Business Checking / Small Business Checking
This core business deposit account may be used to offset all or a portion of your transaction fees with 24/7 access through Business Internet Banking.
Savings, Insured Money Market Accounts, and Certificates of Deposits
Open a Savings Account with as little as $100 and earn daily interest on your balances. Clients can also take advantage of a WoodTrust Insured Money Market Account – a savings account with check-writing privileges. This offers greater flexibility and convenience, with higher rates of interest as the account balance grows. WoodTrust Certificates of Deposit are available to meet time-specific savings needs and provide a low-risk investment option.
Business Super Now
Business Super Now accounts are designed specifically for sole proprietors, government, and non-profit organizations. The account earns a market rate of interest on the daily collected balance.
Remote Deposit
Through the convenient use of WoodTrust’s Remote Deposit system, any business can securely convert paper checks into electronic files from the convenience of their place of business. This generates a secure acceleration of access to funds and an increase in staff productivity. This solution reduces the risk of loss-in-transit and eliminates the need to visit the bank for day-to-day deposits.
How It Works
Remote Deposit is a safe and simple system that requires access to three main tools; a desktop scanner, a computer, and the Internet. The process is quick and easy. The scanner generates check images from the original paper checks and the computer sends those files directly to WoodTrust’s processing center for forward presentment and payment. This efficient process adds security through the elimination of unnecessary steps to process a deposit.
Accessibility
Prepare and submit deposits directly from any business location and whenever it’s most convenient – during the evening, over a weekend or even on holidays. Depositing checks quickly may qualify deposit items for faster availability.
Cost and Time Efficient
Eliminate courier costs or employee trips to the bank and consolidate multiple banking relationships to save money through reduced fees. The preparation time for a deposit is decreased without the aggravation of missing the processing cut off time.
Minimize Fraud
By depositing checks more rapidly, the collection process is started sooner and creates less time for fraudsters to attack a business.
Automated Workflow
Several automated features include virtual endorsements, deposit tickets, transaction balancing and validation, and the confirming receipt of transaction data.
Business Loans
Whether looking to expand, purchase new equipment, finance working capital, or acquire another company, WoodTrust’s experienced bankers can offer unbiased advice and flexible solutions to help businesses meet their needs and maximize cash flow. WoodTrust offers a variety of financing options — including lines of credit, corporate credit cards, term loans, equipment loans, real estate loans, and loans for acquisition and growth — to meet your business needs.
Commercial Real Estate Loans
Whether you are looking to purchase a new office, manufacturing building or multi-family property, renovate your existing space, refinance an existing real estate loan, or add to your commercial investment portfolio, a real estate loan from WoodTrust can offer a solution tailored to your objectives.
Revolving Lines of Credit
If you have short term or seasonal cash flow changes, a revolving line of credit from WoodTrust offers working capital to meet your needs and more. You draw on the line of credit as you need it and only pay interest on what you use. As you pay back the line of credit, more becomes available for future borrowing.
Corporate Credit Cards
WoodTrust offers payment solutions to maximize efficiencies and meet the unique needs of your organization. Whether purchasing supplies or providing your employees the ability to streamline their business expense, WoodTrust’s card program can be customized to support all of your payment needs.
Equipment Loans
Your business runs on wheels, machinery, state-of-the-art equipment, and get-the-job-done tools. WoodTrust offers financing options across multiple industries and can range from single unit purchases to financing solutions for fleet needs.
Acquisition and Growth Loans
From the first time you set your sights on the future of a new business venture, to hiring the 100th employee or investing in the next generation of leadership, WoodTrust will help make your transition seamless.
Lending to Non-profit Organizations
With WoodTrust, you’ll work with an experienced banker who understands the unique needs of your organization and can offer solutions designed specifically for you. This includes tax-exempt financing and lines of credit to bridge receipt of capital campaign pledge proceeds.
Business Internet Banking
Business Internet Banking provides businesses with the convenience, flexibility, and power to access business accounts and make transactions from virtually any computer or mobile device with an internet connection.
How It Works
Business Internet Banking provides secure web-based access to bank account information on a 24/7 basis. Authorized users can view balances, historical and intraday account activity, view and print check images, and initiate internal transfers between owned accounts from their desktop or mobile device. Security is multi-level and end user access to features and account information is controlled by the company administrator. ACH file origination is available as a NACHA formatted file upload or via templates that assist in the creation of debit or credit files.
Account Balances
Obtain on-the-spot balance reports of all accounts with debit and credit summaries.
Account Detail
Search for specific items such as electronic payments, POS transactions, service charges, direct deposits, ATM transactions or debits and credits.
Account Transfer
Transfer funds between bank accounts and save frequently-used transfer profiles.
ACH Payment
Initiate electronic payments for direct deposit, expense reimbursement, and vendor payments, with or without payment information addenda records.
ACH Collection
Initiate ACH debits to collect receivables more quickly, improving cash flow. ACH direct debit is safe and efficient, and it ensures receivables are collected on the agreed upon due date. A single authorization can be relied upon for a one-time or recurring payment arrangement.
Check Depositing
Deposit Checks directly from your mobile device. Take a picture of the front and back, select the desired account and get notified same-day.
Loan/Line of Credit
Access current detailed information on all loan and credit line balances and activity, with the ability to initiate payment and drawdown transactions.
Multiple User Access
Multi-level 128-bit encryption security and access, with User IDs assigned to each company individual. Access rights and capabilities are assigned by the company.
Through the convenience of Online Banking, businesses can choose to closely monitor the debit activity that is coming into their accounts. This provides a safe and simple way to identify unauthorized debits so they can be effectively returned.
How It Works
With this tool, businesses are given a heightened awareness of their account activity before the transaction posts. ACH Positive Pay is completely managed within Business Internet Banking. Users can add a customized list of debits that are authorized to post to their accounts. Any debits that do not meet the defined criteria will require further attention.
Accessibility
View exceptions and manage filters in the secure Business Internet Banking platform on your laptop or mobile device.
Fraud Prevention
View incoming debits that fall outside the pre-approved parameters before they are processed, allowing fraudsters no chance to attack your business.
Automated Notifications
Get notified by email when a new exception requires review.
Prevent check fraud and mishandling of checks while also monitoring your account daily. Check Positive Pay gives businesses the benefit of automatically keeping up with their issued checks as they clear, allowing for better recordkeeping and smoother reconciliation while also providing a solid blanket of protection and greater peace of mind.
How It Works
Using this tool, businesses can upload a file of issued checks through Business Internet Banking. As checks clear, they are automatically validated against the uploaded file. Mismatched checks are set aside for review. Numerous benefits are gained from this tool, including fraud awareness, stop payment management, stale dated detection and more!
Security
Ensure account security through Check Positive Pay. Closely monitor processed activity through the convenience of Business Internet Banking.
Simplicity
Make decisions at your convenience. View and manage cleared checks on your laptop or computer. Notify the bank of questionable activity at the click of a button.
