Business Banking

It’s who you know.

Business Banking Services

Cash Management

It’s easy. It’s secure. It’s online.

And it makes sense, especially from an efficiency standpoint.

There’s no need to imagine being able to manage your multiple business accounts in a single online environment. It’s simply reality with our Cash Management service. Multiple security levels and comprehensive training for those needing access are included.

Security 

Our system utilizes 128-bit encryption and Secure Socket Layer (SSL) protocols.

User Management 
You appoint an internal Internet Banking Administrator to manage all users; users can be assigned/restricted to only those functions required for their specific duties.

Monitoring 
During the log in process, we continually monitor our site. If suspicious activity is recognized, we prompt user authentication through preselected secret questions.

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ACH Origination

It’s a digital world.

Great Southern’s ACH Origination service allows electronic transactions for your business. A perpetually-refreshing password security token feature allows an extra layer of protection.

Payroll Direct Deposit 
Offers the convenience of making employees’ funds available electronically on regular pay schedules - even during vacations and illnesses.

Disbursements 
Streamlines individual and corporate account payments by electronically depositing funds to a predetermined financial institution.

Collections (Pre-Authorized Payments) 
Allows your company to electronically debit customers’ accounts and maximize funds availability by replacing paper invoicing.

Cash Concentration 
This electronic funds collection system lets you consolidate account deposits from multiple banks into one central operating account.

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ReadyFUND$

No two fingerprints are exactly alike. Neither are your employees.

They have different opinions, needs, preferences and circumstances. That’s okay, because we partner with ReadyFUND$, a payroll card provider, allowing employees to receive 100% of their paycheck on a MasterCard debit card.

Employer Benefits 

It’s a NO COST benefit that improves retention and morale, reduces or eliminates paper checks, streamlines payroll, reduces bank fees, prevents lost, counterfeit or stolen paychecks, and it’s ‘green.’

Employee Benefits 
Employees can access 100% of their pay at no charge*, make unlimited point-of-sale purchases (signature, debit, cash back), save on banking and check cashing fees, and more...did we mention the ‘green’ part?

*Certain ATM fees may apply.

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Remote Check Deposit

If you enjoy after-hours check deposit runs, sitting in traffic, going to the bank 
in the rain...we didn’t think so.

Maximize Funds 
Allows you to consolidate deposits received at multiple locations into a single account.

7 pm Cutoff 
No more frantic trips to make same-day deposits.

Save Money 
...by saving time; no driving to the bank or waiting in line. Remote Check Deposit even helps balance deposits.

Efficiency 
Dedicate your staff to advancing your business, rather than dealing with the daily deposit.

Training 
Our installation experts provide easy step-by-step training.

We provide an easy-to-use scanner (and other remote deposit hardware) that allows you to scan checks and send them remotely to the bank. It’s efficient, comes with local support, and may help you get home before dessert. 

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Merchant Services

It’s all about simplifying.

This is the one-stop shop for customer payments. Doesn’t it make sense to keep all your customer payments (online, credit, check, gift cards, etc.) together; say, with your bank?

We think so.

Credit and Debit Cards 

We arrange acceptance services with MasterCard, Visa, American Express, Discover, JCB, Diners Club, fuel cards and EBT cards.

Gift Cards 
Loyalty card programs can be tailored to your needs.

Processing Options 
Beyond basic processing equipment, we offer wireless, smartphone, tablet and online processing solutions.

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Sweep Accounts

Zero Balance Account (ZBA) 
After deposits and checks are presented for the day, an automatic transfer initiates, sweeping excess funds to or pulling funds from a master account to restore all sub-accounts to a zero balance.

ZBA eliminates manual internal transfers, helps prevent overdrafts, provides maximum control over balances and funding, and allows for separate accounting.

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Positive Pay

Knowing what to expect is key.

Our proactive approach to fraud prevention involves working with you on a granular level to determine what specific, actual check activity is allowable for your business accounts...and what isn’t.

We call it Positive Pay. If we detect anything out of the ordinary, we’re on it.

How does it work? 

Prior to the disbursement of checks, via a secure portal you upload a list of items to Great Southern. This list includes check number, account number and dollar amount.

When those checks are presented for payment, Positive Pay matches the check information against the list provided by your business. Automated validation is performed to ensure the items are legitimate.

Positive Pay provides multiple security layers, and detects unauthorized items, thereby improving the reconciliation process. 

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Owner Occupied Building Loans

It’s your space, so it’s your call.

Your landlord called...oh, wait--that’s you! Interest rates are at historical lows. You know 
that. So, why not act? It’s your office. Your business. Your building. It’s time to purchase a new place, refinance your current loan, or (why not?) consider an expansion or second location.

• Borrow up to 80% loan to value
  
• Loan term and amortization tailored to fit your specific need 
• Fixed interest rate allows for better cash flow planning and budgeting* 
• SBA options available, including SBA 504, 7A and Express Loans. 

 *Some applications may require further consideration and additional information may be requested. Credit is subject to approval. Normal credit standards apply.

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Revolving Lines of Credit

What will you need tomorrow?

Every day is different. There’s no amazing sort of calendar that informs you how your business might change tomorrow. If there were, we’d get one, and we’d tell you.

A Revolving Line of Credit can help meet a variety of needs for your business, including purchasing discounted inventory, covering temporary or unexpected expenses, or even helping with seasonal/cyclical cash flow timing.

• Interest rate at Wall Street Journal Prime + 1%* 
  
• Typically requires lien filing against all business assets or other collateral 
  
• Unsecured lines available up to $10,000 
  

*Some applications may require further consideration and additional information may be requested. Credit is subject to approval. Normal credit standards apply.

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Equipment Loans

A forklift. Furnishings. A combine. A keyboard. All tools of the trade.

A job well-done often depends on having the right tools and equipment; not to mention keeping your business current and competitive.Great Southern Equipment Loans can help outfit your business, often within 24 hours.

From construction, agricultural and manufacturing to office, technology and health care, we’ll make sure you have the right tools at the right time.

• Borrow up to 100% cost or value 
  
• Fixed interest rate allows for better cash flow planning and budgeting* 
  
• Loan term and amortization tailored to fit your specific need 
  
• No prepayment penalty 
  
• SBA options available, including SBA 504, 7A and Express Loans 
  

*Some applications may require further consideration and additional information may be requested. Credit is subject to approval. Normal credit standards apply.

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