Online Banking
As the speed of information increases, CFOs and Treasurers need easy, immediate access to financial data to make sound business decisions. The PrivateBank offers a versatile electronic platform that provides real-time visibility into cash operations and streamlines your ability to manage receivables, payables, loans and investments.
Business NetBanking provides you with secure, online access to our powerful and easy-to-use platform that simplifies initiating transactions, reconciling accounts, creating and downloading reports and managing your cash position. These versatile capabilities help you reduce staff time, maintain greater control over collections and disbursements, and manage risk by quickly identifying fraudulent transactions.
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.
