Business

Receivables Solutions

The PrivateBank offers an array of products that help businesses gain faster access to incoming funds. For example, simplify processing with remote capture, allowing you to scan checks and make electronic deposits. For higher check volume, accelerate collections with our nationwide wholesale lockbox to reduce float and expedite cash application.

Our full line of Receivables Solutions includes:

Incoming Wires
Incoming ACH
Remote Capture
Merchant Acquisitions
Vault Services
Wholesale Lockbox

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

Business

Receivables Solutions

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

Notice