Business Checking | Lending Programs | Online Banking for Businesses
Online Security Precautions | Cash Management

LaPorte Savings Bank offers a variety of Business Checking accounts to meet the needs of small or large business customers.

Business Checking

Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006, Effective December 1, 2009

The UIGEA, signed into law in 2006, prohibits any person engaged in the business of betting or wagering (as defined in the Act) from knowingly accepting payments in connection with the participation of another person in unlawful internet gambling. The Department of Treasury and the Federal Reserve Board have issued a joint final rule, Regulation GG, to implement this Act.

As defined in Regulation GG, unlawful Internet gambling means to “place, receive or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received or otherwise made.”

In accordance with the requirements of the Unlawful Internet Gambling Enforcement Act of 2006 and Regulation GG, this notification is to inform you that restricted transactions are prohibited from being processed through your account or relationship with our institution. Restricted transactions are transactions in which a person accepts credit, funds, instruments or other proceeds from another person in connection with unlawful Internet gambling.

If you do engage in an Internet gambling business and open a new account with us, we will ask that you provide evidence of your legal capacity to do so.

Please contact our Compliance Department if you would like additional information on UIGEA or Regulation GG.

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Lending Programs Our commercial lending team uses their more than 50 years of combined experience to partner with you in finding the best lending solutions to fit your needs. A variety of lending program are available, including: Commercial Lines of Credit Commercial Real Estate Loans Capital Asset Loans Commercial Term Loans SBA Loans 504 Loans

Attention Commercial Loan Customers: Click here to download and print a copy of the Personal Financial Statement Form.

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Online Banking for Businesses

LaPorte Savings Bank’s Online Banking and Bill Pay service is quick, easy, convenient and FREE!

Sign Up Today!!  Download our enrollment application, mail it in or bring it to your nearest branch location and start taking advantage of the convenience of banking online!

Business Online Banking Enrollment Form
E-Statement Enrollment Form

Basic Online Banking allows you to:

1. View account balances
2. Monitor cleared transactions
3. View images of your cleared checks
4. View 90 days of account history
5. Make loan payments
6. Transfer funds between your LaPorte Savings Bank accounts
7. Set up alerts and reminders
8. Order Savings Bonds online
9. Submit a change of address
10. Request a stop payment
11. Order additional checks online

Online Bill Pay allows you to:

1. Pay bills electronically
2. View pending bill payments
3. Schedule payments in advance of their due dates
4. View your payment history
5. Receive electronic billing statements from certain companies
6. Set up reminders for upcoming bills

Contact our Online Banking Department at (219) 362-7511 for more information! 

Get a little “greener” with Electronic Statements, or E-Statements. Save paper and keep your business’ information even safer by receiving your statements electronically. An email is sent at the beginning of each month letting you know your statement is available for viewing. Simply log in to our secure online banking web site and click on the “History” tab and select the “Statements” button.

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Online Security Precautions Federal financial regulators are reporting that Internet threats have changed significantly over the past several years. Sophisticated hacking techniques and growing organized cyber-criminal groups are increasingly targeting financial institutions, compromising security controls, and engaging in online account takeovers and fraudulent electronic funds transfers. In order to help ensure the security of your online transactions, we want you to know that: We will never email, call or otherwise ask you for your user name, password or other electronic banking credentials You can help protect yourself by implementing alternative risk control processes like: Making sure you choose an adequate user name and password that, at a minimum, mixes in small case letters, upper case letters and numbers Periodically changing your password (e.g., at least every 90 days) Safeguarding your user name and password information Making sure you have a firewall in place when conducting your financial transactions Logging off the system when you’re done conducting business (don’t just close the page or “X” out of the system) Monitoring your account activity on a regular basis In addition, we may require owners of commercial accounts to perform their own risk assessments and controls evaluations. For example:

• Make a list of the risks related to online transactions that your business faces including Conducting Your Transactions Online
• Passwords being written down and left out in the open
• The use of old or inadequate passwords
  
• The possibility of internal fraud or theft
  
• Delays in terminating the rights of former employees
  
• The lack of dual control or other checks and balances over individual
  access to online transaction capabilities

• An evaluation of controls your business uses may include
• Using password protected software to house passwords in
• Conducting employee background checks
• Initiating a policy and process to terminate access for former employees
• Segregating duties among two or more people so no one person has too much access or control
• Conducting internal or third party audits of controls
• Using firewalls to protect from outside intrusion or hackers

Federal regulations provide consumers with some protections for electronic fund transfers. These regulations generally apply to accounts with Internet access. For example, these federal laws establish limits on a consumer’s liability for unauthorized electronic fund transfers. They also provide specific steps you need to take to help resolve an error with your account. Note, however, that in order to take advantage of these protections, you must act in a timely manner. Make sure you notify us immediately if you believe your access information has been stolen or compromised. Also, review your account activity and periodic statements and promptly report any errors or unauthorized transactions. See the Electronic Fund Transfer disclosures that were provided at account opening for more information on these types of protections. These disclosures are also available online (or ask us and we will gladly provide you with a copy).

If you become aware of suspicious account activity, you should immediately contact us.

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Cash Management

Below are additional services available to compliment your LaPorte Savings Bank Business Checking account. Click the available links for additional information or contact a Customer Service Representative today!

Business Credit Cards Business Debit Cards Health Savings Accounts (HSAs) Merchant Card Processing Online Banking / Bill Pay for Businesses Payroll Services Remote Deposit Capture Click here to view the Rapid Deposit video Sweep Accounts1

¹FDIC Insurance and your Sweep Account: LaPorte Savings Bank participates in the Transaction Account Guarantee Program offered by the FDIC. This means that funds held in your noninterest-bearing checking account are insured in full by the FDIC through December 31, 2012. However, under a Sweep Account arrangement funds are transferred to an interest-earning account that does not qualify for full deposit insurance coverage under the FDIC Transaction Account Guarantee Program. This action voids the FDIC's guarantee with respect to the swept or transferred funds. However, funds held in an interest-earning savings account will continue to be insured through December 31, 2012, for up to $250,000 under the FDIC's general deposit insurance rules.

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Equal Housing Lender - Member FDIC

The FDIC Insurance Coverage limit has been permanently increased to $250,000 per depositor, per institution.

IMPORTANT INFORMATION REGARDING THE DODD-FRANK ACT AMENDMENT TO THE FDIC’S NONINTEREST-BEARING TRANSACTION ACCOUNT INSURANCE COVERAGE

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. This 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 FDIC insurance coverage, or temporary FDIC insurance coverage of transaction accounts, please visit www.fdic.gov.

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