Featured Deposit Accounts

Talk with your 1st Source Deposit Representative to find the account that’s right for your business.

Business Value Checking

Designed for small businesses with fewer than 200 transactions (checks, ACH debits or credits, or cash deposits) each month.

  • Allows up to 200* transactions each month at no charge
  • $5 account service fee waived monthly with a $1,000 minimum daily balance
  • Complimentary electronic statements; mailed paper statements are $3 but the fee is waived with a $1,000 minimum daily balance

*Each transaction over 200 is priced at just $0.40.

Business Checking

Made for businesses that have fewer than 500 transactions (checks, ACH debits or credits, or cash deposits) each month.

  • Allows up to 500* transactions each month at no charge
  • $20 account service fee waived monthly with a $20,000 minimum daily balance
  • Complimentary electronic statements; mailed paper statements are $3 but the fee is waived with a $20,000 minimum daily balance

*Each transaction over 500 is priced at just $0.50.

Business Money Management

Earn interest on your cash reserves with this money market account.

  • Competitive APY and no minimum deposit required
  • $10 monthly fee waived with minimum of $5,000 daily balance
  • Electronic statements are complimentary, mailed paper statements quarterly
  • Unlimited withdrawals per month (first 6 at no cost, then $10 fee each)

Business Analysis Checking

Good for businesses with high transaction volumes that can maintain a minimum balance of $25,000.

  • Gives you the flexibility of either maintaining a monthly balance or investing excess funds
  • Awards an earnings credit for the average available collected balance
  • A low monthly fee of $20
  • Electronic statements are complimentary; mailed paper statements are $3.

Business Savings Account

Earn interest while staying flexible with this savings account.

  • Competitive APY and no minimum deposit required
  • A low monthly fee of $5, and no service fees with a balance of $500 or greater
  • Electronic statements are complimentary; mailed paper statements quarterly
  • Unlimited withdrawals per month (first 4 at no cost, then $2 fee each)

Certificates of Deposits

Enjoy great rates and a guaranteed return on your investment.

  •  Choose terms that range from 7 days to 10 years.
  • Simple interest will be accrued daily based on a 365-day year; 366 days in a leap year.
  • Deposits are insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC).

Account Services

Every Checking Account Offers:

  • • Online Banking, Mobile Banking, and e-Statements
  • • Fraud protection through Treasury Services Positive Pay, ACH Debit Block, and ACH Filter
  • • No transaction limits*

*See Business Accounts Fee Schedule for details

Contact Us Today
A professional man in a suit looks at his phone, coffee in hand, managing the online deposits for his business

Note: for a particular business checking account, there may be eligibility requirements. Please see the Business Account Agreement or contact us for more details.

Online Treasury Services

Bill Pay

Pay bills conveniently while saving time and money. Simply automate payments from your 1st Source checking account.

  • Schedule one-time or recurring payments with basic payee information
  • Access up to 18 months of bill pay history
  • Includes optional payroll direct deposit feature

ACH Origination

Move funds quickly, conveniently, and securely with ACH origination and fraud detection.

  • Originate one-time, recurring, or same-day ACH payments
  • Options for payment approval and limits, including complex approval rules
  • Same Day ACH available

Wire Origination

When you need to move money quickly, wire transfers are a trusted, convenient way to get it done.

  • Initiate one-time or recurring wire transfers
  • Domestic and international U.S. Dollars (USD) payments
  • Options for payment approvals and limits, including complex approval rules

Fraud Protection

We offer the protection from check and ACH debit fraud that your business deserves:

  • Allow only ACH transactions you have authorized.
  • Set maximum dollar amounts on transactions
  • Checks are matched daily against a file you create

Remote Desktop Deposit

Eliminate trips to the bank. Simply scan your business checks and transmit your deposit using Remote Deposit Express on your computer.

  • Deposit checks 24 hours a day, 7 days a week
  • 24 months of deposit history
  • Multiple scanner options are available

Mobile Deposit

Make deposits on the go. Check images are captured with the camera on your tablet or mobile phone and transmitted securely via the mobile deposit application.

  • Deposit checks 24 hours a day, 7 days a week
  • 24 months of deposit history

Immediate Payments

Immediate Payments can be used for virtually any reason including payroll, expense reimbursement, intercompany transfers, asset and equipment purchases, and vendor and COD payments. Immediate Payments features faster payment processing, real-time settlement, and data-rich transactions. The payments you send and receive are settled right away using both The Clearing House and FedNow payment rails.

Personalized payment limits and dual approvals for added protection
Real-time payment status notifications
Final and irrevocable settlement

*Receiving financial institution must have access to at least one immediate payment rail

Merchant Card Services

Accept payments from MasterCard™, Visa™, Discover™, American Express™, and Gift cards.

Our experienced staff will help you understand the entire process, including:

  • Pricing
  • Selecting the right equipment
  • Setup, training, and continued customer support
  • Processing Options
  • Card present terminals, wireless terminals, point-of-sale systems, mobile processing solutions, and virtual terminals

Let's Get in Touch

 

IMPORTANT INFORMATION FOR NEW & EXISTING BUSINESS CLIENTS REGARDING FEDERAL BENEFICIAL OWNERSHIP RULE

Rules under the Bank Secrecy Act, enacted in May of 2018, will aid the federal government in the fight against crime and terror, including the Customer Due Diligence (CDD) Ultimate Beneficial Owner Rule. This Rule will apply to legal entity customers when establishing a new or expanding upon an existing, banking relationship with 1st Source Bank.

 

 

2024 Monitor 100 Award LogoBauer Financial's 5-star recommended bank award for 1st Source Bank, proudly serving Indiana and Michigan

A red, white, and blue badge with the words "Forbes 2024 America's Best Banks" in white text. The Forbes logo is a red circle with a white capital "F" NAFA Fleet Management Association logo International Aircraft Dealers Association