Business Banking

Ready To Open Or Expand A Business?

We’re here to guide you.

Step 1: I need to build a Business Plan

Download our Developing a Business Plan guide to get started. If you have an existing business or are a current business customer, you can skip this step.

Step 2: I want to secure a Loan

Generations Bank offers a variety of business loans to meet your needs. Start by completing a loan application and one of our experienced Lenders will get back you as soon as they can.

Need more information? Download our Business Loan Guide for more details. Fee free to give us a call to chat!

Step 3: I want to open a Business Checking Account

Green Business Checking

No minimum balance required
Free first order of checks
Unlimited check writing
Free e-statements & alerts
Free debit card
Free ATM transactions*
Free Online Banking & Mobile Banking
Free 24/7 Bill Pay

*Generations Bank ATM machine or an ATM in the Money Pass network.

Regular/Small
Business Checking

Free Business Online Banking
Free checking if you maintain an average current balance of $500.00 or more. If your balance falls below this level, a $4.00 charge per statement cycle will be imposed.
$0.15 fee for each debit item in excess of 15 during each statement cycle (items exclude ATM and debit card transactions).
ACH Capability
Free 24/7 Bill Pay
Quickbooks compatibility for downloading transactions

Step 4: I want to set up Online Banking (optional)

Online Banking

Rest easy with customized security access
Get detailed, real-time data 24/7
Transfer funds between accounts
Complete ACH Transactions
Manage Payroll
Originate outbound wire transfers and view wires received
Initiate stop payments
Decrease time spent at the bank or on the phone
Pay your bills

Step 5: I want to set up Remote Deposit Capture (optional)

Remote
Deposit Capture

What is Remote Deposit Capture?

Remote Deposit Capture is the ability to make deposits without leaving your office. A scanner is placed in your business and your employees are trained on how to deposit checks to your Generations Bank accounts via a secure website. How easy is that?

Benefits to your business!

Additional Business Services

A solid banking relationship is essential when running a successful business. Generations Bank offers a range of business services and products. Our entire staff is ready to help and is committed to our customers’ success.

Business Loans

Retirement Accounts

No matter how near or far off your retirement is, the tax advantages of a retirement account can be too great to pass up. Generations Bank offers a suite of retirement accounts to meet your need to maximize your savings and provides the opportunity to invest more for your retirement.

There are four different actions you can take with assets invested via a previous employer’s retirement plan. These include:

Individual Retirement Account (IRA)

If you’ve earned income and are younger than age 70½, a Traditional IRA may be right for you.

Roth IRA

If you’ve earned income below a certain threshold set by the IRS, a Roth IRA may be right for you.

SIMPLE IRA (Savings Incentive Match Plan for Employees)

SIMPLE plans can provide a significant source of income at retirement by allowing employers and employees to set aside money in retirement accounts. SIMPLE IRA plans do not have the start-up and operating costs of a conventional retirement plan. These plans are typically available to small businesses with less than 100 or fewer employees.

SEP Retirement Plans (Simplified Employee Pension)

SEP plans can provide a significant source of income at retirement by allowing employers to set aside money in retirement accounts for themselves and their employees. A SEP does not have the start-up and operating costs of a conventional retirement plan and allows for a contribution of up to 25 percent of each employee’s pay. SEP Plans are available to any size business and are helpful for self-employed.

Other Retirement Accounts

Not finding what you are looking for? Maybe a 401(k) plan or a more market-driven retirement plan. Generations Bank partners with First Heartland Financial Group.

Health Savings Account

A Generations Bank Health Savings Account (HSA) will help you save for qualified medical expenses on a tax free basis.

HSAs work like an Individual Retirement Account for healthcare. Contributions and interest are tax free. An HSA works like a checking account that earns interest and can only be used for health care expenses.

Generations Bank Credit Card

Our Visa® Platinum credit card has everything you need, and best of all, it’s offered by us! We focus on the needs of our customers and our community. That’s why we provide you with the quality service you deserve and expect. So carry a little bit of home with you, wherever you go.

Click here to apply!

Manage your credit card anytime, anywhere by visiting www.MyCardStatement.com. You can check your balance, pay your bill, dispute a transaction, and more.

Reward yourself! Our Visa® Platinum credit card works hard for you, and earns 1 point per net $1 spent to be used towards rewards. Visit www.cRewardsCard.com to browse reward options, or redeem your rewards.

Questions? You can call us during regular banking hours, or you can call the 24-Hour Visa® Customer Service line at 1-800-883-0131.

Payments can be mailed to: VISA®, PO Box 4512 Carol Stream, IL 60197-4512.

Online Banking