We know business owners have a lot of options when choosing a bank today. Typically, they are looking for competitive loans and deposit products. We have those. Exceptional service? We offer that too. We believe they would also like to have one officer assigned to their relationship, and not have to educate someone new every six months. We’ve got that covered. At Triad, we offer competitive products; exceptional service; a professional and experienced team, and we promise a quick turn-around for any financial need.
Call us today at 314.993.4333.
The Small Business Checking Plus account is ideal for companies with low to moderate transaction activity. This account Provides 150 free transactions per month. An earnings credit is applied to offset service charges. Contact the bank today for a consultation and analysis.
The Business Checking account is designed for companies with higher transaction volume. This account allows unlimited transactions, and an earnings credit is applied to offset service charges. Contact the bank today for a consultation and analysis.
The Business NOW account combines the flexibility of a checking account with the earnings ability of a money market. This account is limited to sole proprietors and non-profit organizations that qualify under IRS code section 501C (3) through 501C (13) or 501C (19). This account only requires an average daily collected balance of $2,000.00, and provides 60 free transactions per month. A $10.00 service charge will apply if the average daily collected balance is not maintained, and a .50 cent charge will apply for each transaction in excess of 60. Interest is earned on an average daily balance of $5,000.00. Contact the bank today for current rates.
The Business Money Market account combines account liquidity with higher account earnings ability. Interest accrues daily on all collected funds and is compounded and credited to your account monthly. A monthly service charge of $10.00 will be charged if the average daily collected balance for the statement cycle is less than $5,000.00. This account allows up to six transfers or withdrawals per statement cycle. A fee of $10.00 will be charged for each check written or each transfer that exceeds the limit allowed by federal regulations. Contact the bank today for current interest rates on this account.
The Sweep account works just like a regular checking account except all excess funds over a pre-determined target balance are automatically swept into a money market transaction account for investment on a daily basis. Since this process is automated, companies no longer need to monitor multiple accounts and manually transfer funds between operating and money market accounts to maximize the return on their cash position. This account can be combined with zero balance accounts to invest funds from multiple accounts.
The Business Online banking service is free and includes balance inquiry, account history, account transfers, balance threshold notification, bill pay, statements, and customer service support via phone or email. For a minimal fee, wire transfer and ACH origination can also be included.
Mobile Banking is available to anyone currently enrolled in our Online Banking service. With Mobile Banking, you will be able to view account balances; transfer funds; deposit checks; manage debit cards; set alerts and modify personal settings. Visit Google Play or Apple App Store to download.
Please note, in order to utilize the Mobile Deposit function, you will need to contact the bank for approval.
Use ACH originations as a way to concentrate your cash position from multiple banking relationships. Transferring funds from non-Triad depository banks to your main Triad operating account can be easily done via online banking, which will allow you a central point for cash control. This service allows you to decrease idle balances in other deposit accounts and maximize return on your cash resources by improving your earnings capacity in your central operating account.
The Zero Balance Account allows companies to concentrate funds from multiple Triad Bank accounts into a central account. All disbursements out of the ZBA will automatically fund from the central account and will leave the disbursement account at a zero balance each day. This allows companies to consolidate cash balances and maximize funds available for investment.
Triad Bank offers certificates of deposit with maturities ranging from 7 days to 60 months. Interest can be compounded quarterly, or can be paid by check or deposited into a transaction account monthly. Contact the bank today for current interest rates.
Through our online banking system, companies have the ability to electronically initiate payments using the ACH network. This process eliminates check writing, reduces payroll processing expenses, increases accuracy and reduces the possibility of check fraud and theft.
ACH origination is a great way to concentrate your cash position for multiple banking relationships, or a means of collecting payments electronically through the Automated Clearing House system from clients and vendors. This service can also be utilized for in-house payroll processing.
The Lockbox system is a service designed to reduce mail and collection float associated with the collection and processing of accounts receivable. The system can reduce the time and expense of processing payments by a company’s accounting staff. In most cases, this service can give companies between 1-3 days quicker access to collected funds.
Partial ARP – Each month receive a listing of all checks that have cleared your account(s).
Full ARP – In addition to the paid check listing, you can also receive a listing of all outstanding checks (which ties into our Positive Pay module), miscellaneous debits/credits and a summary report for the month (this includes a beginning account balance, summary totals for the items indicated above and ending account balance).
Deposit Reconciliation – Receive deposit information grouped by location. This allows multiple locations to deposit into one account and still maintain information separated by unit.
EDI will provide detailed information regarding ACH receivable payments from your vendors or trading partners. Whenever an EDI transaction is received via the ACH network, Triad Bank will provide a summary report detailing the transaction which would include invoice numbers, store numbers or compensation breakdowns.
Positive Pay is ideal for companies with high check volume and who may be concerned about potential check fraud. With the positive pay service, companies greatly reduce the chance of significant loss due to stolen or fraudulently created checks. Whenever checks are cut, an issue file is sent to the bank listing the check number and check amount of all issued checks. The Bank will match the file against incoming checks and advise of any discrepant items. If there is a discrepant item, the item can be viewed online and a decision can be made whether to pay or return the item.
You no longer need to wait for the mail to arrive to receive your monthly statement. You can view your statement(s) through online banking, or via secure email.
Our Master Card Check Card can be used for POS and ATM transactions. We will reimburse your account for the first 5 ATM withdrawal fees or surcharges per statement cycle. An excess foreign ATM fee will be charged for each foreign ATM transaction in excess of 5 per statement cycle. Our Debit Cards can also be used with Apple Pay, Samsung Pay, Google Pay, Masterpass, Fitbit Pay and Fitpay by Garmin!