Disbursement Solutions


ACH and Wire Transfers

Improve timing of your disbursements while gaining operational efficiencies with electronic transactions.  Learn more


Automated Sweep Accounts
Enhance the benefit of your collection and disbursement solutions by utilizing Automated Sweep Accounts.Learn more



Business Bill Pay
Secure and convenient solution to pay virtually any company or individual within the U.S. through internet and mobile banking.  Learn more

 

Extended Deposit Protection Program
Extend your coverage beyond the $250,000 with two different solutions to protect and fully insure your business’ funds.  Learn more

 

Positive Pay
Significantly reduce your overall exposure to check forgery and fraud.  Learn more

 

Target Balance Accounts
Simplify the management of multiple checking accounts through a Target Balance Account (TBA) structure.  Learn more




ACH and Wire Transfers

Manage the timing of your disbursements through electronic transactions, namely ACH and Wire Transfers.  You control the timing of these payments while gaining operational efficiencies.  Benefits include:

  • Simplifies the timing of disbursement activity
  • Provides more timely transaction reporting
  • Improves cash forecasting
  • Automates a traditional manual process through Internet banking platform


Automated Sweep Accounts

Enhance the benefit of your collection and disbursement solutions by utilizing Automated Sweep Accounts.  Investment and debt reduction strategies can be realized through this efficient service.  Benefits include:

  • Provides an automated transfer of funds between checking and investment accounts based on a pre-determined balance threshold
  • Automatically manages your daily ending cash position by eliminating idle balances
  • Investment sweep maximizes interest earnings through investment options

Business Bill Pay

Combine a secure and convenient solution to pay virtually any company or individual within the U.S. through your Leaders Bank Profile. Payments are sent either electronically or by paper checks.  Benefits include:

  • Determine who you want to pay
  • Decide when you want to make the payment
  • User friendly functionality with the ability to make payments through Leaders Bank Smartphone Application

Extended Deposit Protection Program

By federal law, as of 1/1/2013, funds in a noninterest-bearing transaction account no longer receive unlimited deposit insurance coverage, but are FDIC-insured to the legal maximum of $250,000 for each ownership category. To extend your coverage beyond the $250,000, Leaders Bank now offers two different solutions to protect and fully insure your business’ funds. With two unique solutions, Leaders Bank can provide you with one or a combination of both solutions below:

  • FDIC Insured CDs
  • FDIC Insured Demand Deposit Sweep Accounts

Positive Pay

In its simplest form, Positive Pay is a service that matches the check number and dollar amount of each check presented for payment against a list of checks previously authorized and issued.  When a check is presented that does not have a "match" in the file, It becomes an "exception item".  To ensure an accurate and timely matching process, Positive Pay requires you to send a file of issued checks to the bank each day checks are written.  Benefits include:

  • Helps detect check fraud by electronically matching checks cleared to checks issued
  • Provides timely notification of exception items through Internet banking platform
  • Allows you to make a pay/no pay decision on all exception items
  • Significantly reduces your overall exposure to check forgery and fraud


Target Balance Accounts

Simplify the management of multiple checking accounts through a Target Balance Account (TBA) structure.  Benefits include:

  • Links one or more checking accounts together
  • Automatically transfers funds between TBA subsidiary account(s) and main/parent account based on a pre-determined balance threshold
  • Eliminates idle balances
  • Ideal for payroll, payables, and other disbursement accounts

   

 

Location and Lobby Hours


Headquarters
2001 York Road, Suite 150
Oak Brook, IL 60523

Phone: 630-572-5323
Fax: 630-572-4979

Hours
Monday - Friday
8:30 a.m. to 4:30 p.m.

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Holiday Hours:

Leaders Bank will be closed
on Monday, May 25th in
observance of Memorial Day
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