Specialty Finance Group
Business Deposits
More than planes, cranes, and automobiles. In addition to financing, we look forward to strengthening our relationship with personalized business accounts, services and tools.
Talk with your 1st Source Deposit Representative to find the account that’s right for your business.
Designed for small businesses with fewer than 200 transactions (checks, ACH debits or credits, or cash deposits) each month.
*Each transaction over 200 is priced at just $0.40.
Made for businesses that have fewer than 500 transactions (checks, ACH debits or credits, or cash deposits) each month.
*Each transaction over 500 is priced at just $0.50.
Earn interest on your cash reserves with this money market account.
Good for businesses with high transaction volumes that can maintain a minimum balance of $25,000.
Earn interest while staying flexible with this savings account.
Enjoy great rates and a guaranteed return on your investment.
Account Services
*See Business Accounts Fee Schedule for details
Note: for a particular business checking account, there may be eligibility requirements. Please see the Business Account Agreement or contact us for more details.
Pay bills conveniently while saving time and money. Simply automate payments from your 1st Source checking account.
Move funds quickly, conveniently, and securely with ACH origination and fraud detection.
When you need to move money quickly, wire transfers are a trusted, convenient way to get it done.
We offer the protection from check and ACH debit fraud that your business deserves:
Eliminate trips to the bank. Simply scan your business checks and transmit your deposit using Remote Deposit Express on your computer.
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.
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
Accept payments from MasterCard™, Visa™, Discover™, American Express™, and Gift cards.
Our experienced staff will help you understand the entire process, including:
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.