Sweep Accounts 
With a Sweep Account, your excess funds can be automatically transferred on a daily basis from your business checking account and invested into a money market investments. This provides a great way for you to optimize management of your business’ cash balance. 
 
Overdraft Privilege 
Bank Iowa understands mistakes can happen. That’s why we offer Overdraft Privilege, a discretionary service available to eligible business checking accounts to cover your overdrafts up to $700 when you inadvertently overdraw your account. What this means to you is fewer charges from retailers for insufficient checks and less aggravation and embarrassment. Read our Overdraft Privilege Policy for more information or contact us. 
 
Certificate of Deposit Account Registry Service® (CDARS®) 
CDARS provides one-stop shopping for your multi-million dollar CD investments. Access FDIC insurance protection on deposits up to $50 million, all through one monthly statement and one account relationship with Bank Iowa. 
 
Lockbox 
Speed up collection times and reduce the cost of your accounts receivables. Payments are sent to a special post office box setup for your company. Bank Iowa collects the payments from the post office and then processes and deposits the receipts to your account. You receive images of checks, invoices, envelopes and other correspondence.  
 
Safe Deposit Boxes 
Protect your important business documents with a safe deposit box. Sizes and availability vary by location. Please contact us for more information.  
 
Night Depository 
If you are unable to make it to the bank during business hours, a 24-hour night depository (night drop) is available. Transactions will be completed the next business day. 
 
Money Orders and Cashier's Checks 
Money orders and cashier's checks are safe, convenient, easily accepted and provide receipt of payment. Money orders can be purchased for $3 each and cashier's checks for $4 each.  
 
Wire Transfers 
Domestic and international wire transfer services are available for outgoing or incoming wires. Fees vary based on the sending and receiving destination. 
 
Trust Services 
Business trust services are provided through our partnership with Security National Bank, Sioux City, Iowa.  
 
Merchant Card Processing 
As a business owner, you know how important it is to have convenient payment methods available to your customers. With merchant card processing, you will be able to accept credit and debit cards, increasing your sales almost immediately.  
 


FDIC
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