MicroBilt Financial understands that the business deposit relationship represents the most significant part of the customer relationship. That’s why we’ve partnered with a non-bank provider who won’t compete for deposit relationships. W e recommend Member Business Services, LLC (“MBS”), the nation’s leading CUSO specializing in business deposit processing.

Business Deposit Products

• Commercial Deposit Program
• Commercial Checking
• Certificates of Deposit
• Savings and Money Market Accounts

Program Features

• Long Form Account Analysis
• Sweeps Processing
• Zero Balance Accounting
• Concentration Account processing
• Electronic Statements
• Image Statements
• Overdraft Line of Credit
• Payroll Services
• Remittance Processing / Lock Box
• Cash Vault
• Foreign Item Collection
• Fed Tax Deposit Processing

Maintain small business deposit relationships while serving your small business customers lending needs. Compete head-to-head with independent and major banks in business services with a plan for business deposits.

The MBS Commercial Deposit program has been designed to work as a supplement to your Credit Union’s existing core system instead of as a replacement for it. This means that there is no impact to your Credit Union’s existing account database, and no need to change processes for your consumer customers.

The Commercial Deposit product sits along side of your current software, and is accessed by a simple click of the mouse. Tellers are able to perform consumer and commercial transactions without the need to “sign on and sign off” the respective platforms. Teller transactions from your existing system and ours are performed using one cash drawer, using one teller terminal, and cash needs to be counted only one time at balancing.

Commercial deposit account totals are included on your General Ledger, are included in your Call Reports, and your Credit Union keeps all income that is generated from service fees.

Commercial Checking Includes:

• Account Reconciliation
• Online Banking Package - integrates with your existing Web product
• Bill Payment

Cash Management Customers will be able to:

• Originate ACH Transactions
• Order Money
• Create Wire Requests
• Import ACH
• Positive Pay
• Transfer funds between accounts

Certificates of Deposit Includes:

• Bump-Up Certificates (Customer can change rate)
• Step-Up Certificates (Rate changes by amount on deposit)
• Variable Rate (CD Rate tied to an index)
• Single Renewal (7 days to 5+ years)
• Auto Renewal

Savings Includes:

• Statement Savings
• Money Market Checking

MBS processes and clears NSF and OD’s, Deposited Items Returned, Proof and Teller Adjustments, and performs certain account maintenance. MBS will act as your Security Administrator for Commercial Accounts, and will insure that new accounts are properly entered on the system.

MBS uses state of the art fraud detection software that guards against loss by:

• Verifying 100% of check signatures
• Checking serial numbers for duplications
• Checking serial numbers for “out of range”
• Checking backgrounds and fonts on checks

MBS has full reporting capabilities that will allow your management to see the results of your deposit products and services, and to plan and budget future growth.