Home / Business Banking
Partnering in Your Success
At IFB, we value meaningful interactions. With a personal touch, local decision-making, and market expertise, we anticipate your needs and customize solutions to help your business grow.
Banking Built for Business Success
Empowering Your Business with Tailored Solutions
Business Checking
Our Business Checking Account gives you flexibility, security, and the tools you need to keep your operations running smoothly.
In-store, Online and in Your Digital Wallet
Free bill pay, internal transfers &
e-statements
See schedule of fees for more details
Choice Business Checking
A flexible, fee-free account tailored for clients with established Business Accounts and a credit relationship. Designed to reward your trust with simplicity and convenience.
In-store, Online and in Your Digital Wallet
Free bill pay, internal transfers &
e-statements
See schedule of fees for more details
Business Interest Checking
Earn interest while managing your business funds.
In-store, Online and in Your Digital Wallet
Free bill pay, internal transfers &
e-statements
See schedule of fees for more details
Business Money Market Tiered
Boost your earnings with an interest-bearing account designed for simplicity and growth.
Minimum Daily Balance to Avoid Monthly Fee
Free bill pay, internal transfers &
e-statements
Transactions and/or withdrawals per month
Business Lending
Flexible Lending Designed to Move Your Business Forward
- Working capital lines of credit
- Owner-occupied real estate loans
- Equipment finance
Treasury Management
Smarter Finances, Stronger Growth
Gain full control over your business finances with powerful treasury management solutions.
Celebrating Partnerships and Progress
Celebrating Success
We solve your doubts
Frequently Asked Questions
How do I open a business account?
Opening a business account is simple. Contact one of our Preferred Bankers at 305-648-8800 or email us at info@ifbbank.com, and we’ll connect you with a representative to guide you through the process.
What documents do I need to open a business account?
To open a business account, you’ll typically need:
- A government-issued ID for all authorized signers
- Proof of business registration (e.g., Articles of Incorporation or Business License)
- Your Employer Identification Letter (EIN) or Taxpayer Identification Number (TIN)
Proof of business address for additional requirements specific to your business type.
Is there a minimum balance requirement for business accounts?
Some business accounts have minimum balance requirements. Please review our Schedule of Fees for detailed information on account requirements and options.
Are there monthly maintenance fees for business accounts?
Certain business accounts may include monthly maintenance fees. Learn more about these fees and how to waive them by visiting our Schedule of Fees.
Do you offer online and mobile banking for business accounts?
Yes! Our online and mobile banking platforms are designed to meet your business needs. Contact your Preferred Banker to enroll and take advantage of secure and convenient digital banking tools.
What types of business accounts do you offer?
We offer a variety of accounts tailored to businesses, including checking accounts, and money market accounts. Contact us to find the best fit for your business needs.
How can I transfer money between my business accounts?
You can transfer money easily through our online banking platform. For assistance setting up transfers, contact your Preferred Banker or Treasury Management Specialist.
What should I do if I suspect fraud on my business account?
If you notice unusual activity on your business account, contact us immediately at 305-648-8800. Our team will work with you to secure your account and resolve any issues.
Do we offer Merchant Services?
Yes, we offer merchant services to help businesses accept payments securely and efficiently. To learn more, please contact your Preferred Banker.