Additional Services

CDARS >> Central Remote Deposit >> Business Debit Cards >> Telephone Banking >> Classic Club >> Credit Card

Looking for a way to keep large deposits safe?  Ask us about CDARS®.  It’s a great solution for: businesses * nonprofit
organizations * public funds * IRAs

With CDARS, you can access FDIC protection on multi-million dollar CD investments through Central Bank Illinois.  There are few guarantees in life – FDIC insurance is one of them.  CDARS can be a valuable cash management or longer-term investment tool for you. 1

Why CDARS?
It’s one-stop shopping.  With help from CDARS, you can access:

• Safety – Your money can access multi-million dollar FDIC insurance coverage.
   
• Convenience – You work directly with us.  You earn one interest rate and receive one regular statement, and one year-end tax form.
  
  
• Community Investment – The full value of your money can support lending opportunities in your local community. 2
  
  
• CD-Level Rates – Your money earns CD-level returns which may compare favorably with other investment alternatives, including Treasuries, corporate sweep accounts, and money market funds.

How does CDARS work?
We are a member of a special network.  When you place a large amount with us, we place your funds into CDs issued by other banks in the same network – in increments of less than the standard FDIC insurance maximum – so that both principal and interest are eligible for complete FDIC protection.  As a result, you can receive coverage from many banks while working with just one.

These exchanges, which occur on a dollar-for-dollar basis, can bring the full amount of your original deposit back to our bank.  As a result, we can make the full amount of your deposit available for community lending purposes. 2

What else should I know?
Now, you no longer have to spend time managing multiple bank relationships, administering various interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements.  This reduces your administrative burden, especially during tax and financial reporting seasons. 

And with CDARS, you can eliminate the need to monitor changing collateral values – another time saving convenience. 

Of course, your confidential account information remains protected. 

Ask us about how CDARS can work for you the next time you visit one of our branches, or contact us for more information.

1. Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with Central Bank Illinois. The agreement contains important information and conditions regarding the placement of funds by us. 
2. This benefit applies to some, but not all types of CDARS transactions.  Let us know if this benefit is important to you, so that we can explain the relevant terms and conditions in more detail.

CDARS is a registered service mark of Promontory Interfinancial Network, LLC.

Getting to the bank has become expensive. We've got the solution.

Central Bank offers our business customers leading edge technology with our Central Remote Deposit product. Remote Deposit uses a desktop scanner that connects to your PC. You simply scan the checks received as payment from your customers and then send your deposits electronically to Central Bank, anytime day or night.

Does Your Business:

• Have multiple locations?
  
  
• Make deposits after normal banking hours?
  
  
• Want faster funds availability?
  
  
• Conduct operations a distance from the bank or nearest branch?
  
  
• Pay for transportation costs to deliver deposits to the bank?
  


• Receive checks with large dollar amounts?
  


• Make frequent deposits during the day?
  
  
• Like to improve employee efficiencies?
  


• Want to easily search previous deposits?
  

If you answered YES to even one of these questions, then Central Remote Deposit may benefit your business. Ask your Personal Banker today for more details.

A Convenient, Consolidated Solution

As a business owner you may look at your expenses at month end and wonder, "Where did it all go?" Central Bank has the solution -- a business debit card. Tracking your expenses for the office and employees just got easier when you:

• Simplify your Money Management
  
  1. All cards are linked to one main account
  2. You can preset spending limits for each employee
  3. Minimize the need for personal funds for business expenses
     
     
• Minimize the Number of Checks You Write
  1. Funds are automatically deducted from your business checking
  2. No need to show ID for each check
  3. No waiting for check approvals and petty cash is not needed
  4. Speed up transactions for mail, phone or internet orders
     
     
• Save Money & Time
1. Reduce the number of checks and check processing costs
2. Directly oversee each employees' business spending

A business debit card from Central Bank can help save time and money, while empowering your employees to make business purchases. Find out more!

Your 24 hour link to account information

First Time Users:

Please call the toll-free number to receive initial registration instructions. If you need assistance, please call 309-944-5601 during regular business hours for help.

OVERVIEW

Telephone Banking (Interactive Voice Response or IVR) gives you the capabilities of banking any time of day and from any location. Providing you with telephone access to your account information, while allowing you to perform transactions or inquiries from work, home or on the road.

An easy to use menu system will walk you through every step of your phone call. Don't worry about making a mistake. Just listen carefully and press the numbers when instructed.

A carefully designed security system allows only YOU to access your account information. You will be able to access the same accounts as if you were across the counter from one of our personal bankers. Please remember to keep your Personal Identification Number (PIN) confidential by not allowing others to use it. Each customer of the bank can access their own accounts by using their individual User ID's and PIN numbers.

DEPOSIT ACCOUNT SERVICES

• Current deposit account balances
• Interest Payment Information
• Activity Summary since your last statement
• Transaction Information
• List of transactions


• Account Transfers

• Current Loan Balances
  • Interest Payment Information
  • Activity Summary since your last statement
  
  
• Make a Loan Payment
  
  
  

All products include these benefits:

• Great Introductory Rate
• No annual fee*
• Automatic and on-line payment availability
• Special seasonal promotional offers
• Acceptance at over 29 million merchants worldwide
• 24 hour customer service by calling 1-877-954-0190
• Zero liability on lost and stolen cards

Visa Classic and MasterCard Standard

• Our lowest interest rate
• Travel Accident Insurance

Visa Platinum Rewards

• Register you card and earn points for each dollar you spend using your Visa card. Then, redeem accumulated points for rewards such as air travel, merchant certificates and more.
• Travel Accident Insurance
• Visa assistance center

MasterCard Gold with Cash Back

• Earn cash back-up to 1% of your total net purchases per year
• Travel Accident Insurance
• Purchase Security. Most new purchases are covered against theft or damage for a full 90 days from the date of purchase. Certain restrictions apply.

To report a lost or stolen credit card, please call 1-877-954-0190.