Business Banking

We offer a wide array of business banking services so you can focus on what really matters

Every new business checking account includes:

Home Five Check
Free Business Debit Cards
Home Five Check
Free Mobile Banking
Home Five Check
Free access to over 25,000 Kirkpatrick Bank and MoneyPass ATMs Nationwide
Home Five Check
Free Online Banking
Home Five Check
Free eStatements with online check images
Home Five Check
Kirkpatrick Bank will not charge you a fee for using an out-of-network ATM
Home Five Check
Free Bill Pay
Simply Free business Checking

A free account for your business with no hidden fees

  • 1,000 free monthly transaction items

  • No minimum balance
  • No monthly maintenance fee
  • $50 minimum opening deposit
Business Interest Checking

Designed for sole proprietorships and not-for-profits!

  • 1,000 free monthly transaction items

  • Competitive Interest
  • Only $1,500 minimum balance to avoid a low monthly maintenance fee of $10
  • $50 minimum opening deposit
Preferred Interest checking

Our Treasury Management Team will assist you with a customized account that will best meet your needs!

  • Offers earnings credit on collected balances that may offset or reduce service charges

  • $0.15/check or debit processed and $0.10/transit item deposited
  • $100 minimum opening deposit

Savings Options

Features
Money Market
Commercial Savings
Certificate of Deposits
Minimum Opening Deposit
$2,500
$100
$1,000
Monthly Maintenance Fee
$10/month if daily avg. balance < $2,500
$5/month if daily average balance <$100
No monthly maintenance fee
Earns Interest
Tiered rates compounded annually, paid monthly
Compounded and paid monthly
Compounded and paid quarterly
Automatic Transfers From Other Accounts
Minimum Opening Deposit
Money Market
$2500
Basic Savings
$100
Certificate of Deposit
$1,000
Monthly Maintenance Fee
Money Market
$10/month if daily avg. balance < $2,500
Basic Savings
$5/month if daily average balance < $100
Certificate of Deposit
No monthly maintenance fee
Earns Interest
Money Market
Tiered rates compounded any paid monthly
Basic Savings
Compounded and paid monthly
Certificate of Deposit
Compounded and paid quarterly
Number Of Permitted Withdrawals/Cycle
Money Market
6
Basic Savings
6
Certificate of Deposit
-
Number Of Complimentary Withdrawals
Money Market
6
Basic Savings
6
Certificate of Deposit
-
Withdrawal Fee For Each Withdrawal Over Six
Money Market
$10/withdrawal over 6
Basic Savings
$5/withdrawal over 6
Certificate of Deposit
-
Automatic Transfers From Other Accounts
Money Market
Basic Savings
Certificate of Deposit

Insured Cash Sweep (ICS)

  • Earn interest by putting excess cash balances in money market deposit accounts
  • Access to multi-million-dollar FDIC insurance protection
  • Conveniently manage ICS funds online
  • Save time by working directly with just one bank – the bank you know and trust

Certificate of Deposit Account Registry Service (CDARS)

  • Earn interest by putting excess cash balances in Certificate of Deposit accounts
  • Access to multi-million-dollar FDIC insurance protection
  • Save time with one bank, one rate, and one statement
  • Terms from 4 weeks to 5 years

Card Options

Visa Corporate Credit Cards

Corporate Credit Card options for businesses, non-profit organizations or government entities of various sizes are available through our partnership with TCM Bank, N.A.  Corporate credit cards can be customized to include the customer’s choice of reward packages and spending limits.  All card options include online account access, improved accounts payable efficiency, improved cash flow, and improved reporting to manage and track business expenses. See the card application’s Important Disclosures for current terms, rates and fees. This card is issued by TCM Bank, N.A. Subject to credit approval. Cards are issued by TCM Bank, N.A., and subject to credit approval.

Business Debit Cards

Debit cards can be used to make purchases or to withdraw cash from an ATM.  Our debit cards have fraud protection and can be replaced if lost or stolen.  The Kirkpatrick Bank business debit card is a powerful tool that offers convenience and control for your business purchases anytime, anywhere.

cRewards℠

To sign up or view the reward point catalog, visit WWW.CREWARDSCARD.COM

Cybersecurity tips for Business

The internet allows businesses of any size or location to reach new and larger markets. It allows opportunities to work more efficiently using mobile devices or remote access. Whether your business is adopting cloud computing, actively using social media, or just using email and maintaining a website, cybersecurity is critical.

A recent study showed that 87% of small to medium businesses don’t consider themselves a cyberattack target. While larger enterprises may have more data to steal, small/ medium businesses tend to have less secure networks. By using automated attacks, cybercriminals can breach thousands of small businesses at a time, making size less important than security.

There are effective steps any company can take to avoid becoming a victim.

Use a Firewall

The Federal Communications Commission recommends that all businesses set up a firewall. While external firewalls are somewhat standard, it is recommended that an internal firewall also be set up.  Employees working from home should also install a firewall on their home networks, preferably firewall software and support provided by the company.

Protect equipment, Information, and Networks

  • Equipment protection: Regularly update computers: including desktops, laptops, and mobile devices. Make sure all operating systems and web browsers are up to date.
  • Mobile device security: Require users to password-protect their devices, encrypt their data, and install security apps.
  • Data protection: Regularly, preferably automatically, backup data on all devices, especially word processing documents, electronic spreadsheets, databases, financial files, human resources files, and accounts receivable/payable files. Store copies separately and securely.
  • Network Protection: Check for and install any new versions of software, including security, anti-virus, and operating software. Set antivirus software to run a scan after each update. Install key software updates as soon as they are available.
Control physical access
  • Lock up laptops or other mobile devices when unattended.
  • Establish separate user accounts for each employee and require strong passwords, which should be changed every 60-90 days.
  • Limit administrative privileges and limit data access based on job needs.
  • Secure the Wi-Fi network for your workplace. Be sure it is secure, encrypted, and hidden. Password protect access to the router. Use a separate computer to access confidential data on the network, and do not use that computer to surf the internet. Set up a separate Wi-Fi for customers, if that is a convenience you wish to provide.
Train. Limit. Authenticate.
  • Your employees are your first defense perimeter. To be effective in that role, they must have regular training, appropriate access, and strong means of authenticating their access.
  • Train:  Establish basic security practices and policies, such as strong passwords, appropriate internet use guidelines, rules on how to handle and protect customer information and vital data, and how to recognize cyber threats such as phishing.
  • Limit: Do not provide any one employee with access to all data systems. Limit access to the specific systems needed for their jobs. Do not allow employees to install any software without permission.
  • Authenticate:  Multifactor authentication (MFA) is a process to verify that the person accessing a device or account is who they claim to be. Logging into the computer at work is a single factor authentication. While your network may be secure, a single factor is insufficient to protect against the many ways in which anyone’s identity can be hacked. A multifactor authentication process will include several types of Identity Claim Factors, such as:
  • Something you own:  sending a code via an application, text message, email or voice call to a mobile phone or device in your possession, which you then enter at the site you wish to access.
  • Something you know: a PIN or answer to a security question.
  • Something you are: a fingerprint or retinal scan, confirming that you physically are the person you claim to be.
  • Kirkpatrick Bank offers multifactor security protocols for business accounts.
Wire Transfer Fraud

Business email compromise is an advanced form of spear-fishing and it’s a growing problem and companies are losing thousands, even millions of dollars instantly. Scammers may either gain access to an executive or high-level employee email account or they may spoof the account, changing where the email is sent when the recipient responds. In the first case, the scammer acquires access through a phishing attack and waits for the perfect time to take over, usually when the individual is out of the office for a trip of some kind. The scam targets employees of businesses that regularly perform wire transfer payments or work with foreign companies or suppliers. An email is sent from the CEO or CFO asking that employee to make an immediate or urgent transfer of funds. When receiving any request to wire transfer funds, look closely to verify the email address. Call the person who is supposedly requesting the transfer to verify that they did make the request. If you reply to the message, be sure to look at the real email address before replying.  It is best to have a transfer process in place that requires more than just an email request and is a multi-person process.

Resources

There are several sources of reliable information and assistance on the topic of business cybersecurity.

Federal Communications Commission
445 12th Street SW
Washington, DC 20580
Phone: 1-888-225-5322
Website: FCC.GOV

Federal Trade Commission
Business Center
600 Pennsylvania Avenue, NW
Washington, DC 20580
Phone: 1-202-326-2222
Website: FTC.GOV (tips & advice, Business Center)

Department of Homeland Security
Offices located in each state
Website: search Cybersecurity | Homeland Security
DHS.GOV (topic/cybersecurity)

National Cyber Security Alliance
Website: STAYSAFEONLINE.ORG (cybersecure-business)

Your Partner For Whats Next

The most important features of our lending practices are a product of our focus on commercial banking and our ability to customize. We know your competitive edge relies on our speed of service and a personalized approach to your needs as much as it does on competitive rates and fees.

Commercial Real Estate

Kirkpatrick Bank specializes in real estate lending and can meet all your commercial real estate needs, including:

  • Construction
  • Mini-Perm
  • Owner Occupied
  • Income Producing Property
  • Multi-Family
  • Floating or Fixed Rate Options
Equipment Financing

Kirkpatrick Bank provides flexible and competitive rates and terms on virtually any capital equipment acquisition, including:

  • Equipment and vehicles
  • Flexible Repayment Terms available up to 7 years
  • Fixed or Floating Rate Options
Lines of Credit

A Kirkpatrick Bank line of credit can provide you with available resources to manage the daily financial needs of your business.

  • Finance Accounts Receivable and Inventory
  • Access funds at your convenience when you need them
  • Interest-only and secured by business assets
Energy Lending

Kirkpatrick Bank has in-depth knowledge and expertise within the oil and natural gas industry which enables us to provide your company with personalized financing solutions. Additionally, The Kirkpatrick Family’s history as an independent oil and gas producer provides the Bank with a first-hand understanding of the industry’s dynamics.

  • Reserve Based Lending – Term Financing or Lines of Credit
  • Acquisition and Equipment Financing
SBA Loans

As part of our commitment to the growth of small businesses, Kirkpatrick Bank is a leading participant in the lending programs of the U.S. Small Business Administration.

  • SBA loans are backed by government-sponsored loan guarantees and are available to for-profit businesses in virtually every industry.
  • SBA loans provide financing for almost any business purpose, including real estate purchase, business acquisition or startup, equipment, and inventory.
Business Advisory Services

Other business services including alternative financing options, succession planning, and advisory services are also available.

Online & Mobile Banking
Tools to help you easily and effectively manage your day-to-day banking in a safe and secure manner.
Business Online Banking

Business Online Banking can be tailored to meet your specific needs.  
A Business Banking Representative will work with the business to customize user access and user privileges.

• Benefits of Business Online Banking include:
• Real-time balance information and pending transactions
• Account View and Transfer
• Manage accounts for multiple business entities utilizing one set of login credentials
• Convenient Bill Pay
• Synchronization of your account transactions through Quickbooks
• Multiple permission/security levels available
• Initiate/approve ACH files and transactions
• Initiate/approve domestic wires

Business Mobile Banking

Access Internet banking from anywhere, anytime via iPhone, iPad, or an Android mobile device.  
Simply download the KBBiz Mobile app.  Customer must be enrolled in Business Internet Banking to access this service.

Benefits Include: 
• Access to accounts
• Transfer money between accounts at Kirkpatrick Bank
• Deposit checks or view mobile deposit history
• Pay bills, view bill payment history or approve a bill payment
• Originate or Approve an ACH File from existing templates. Customer must enter into an ACH Origination Agreement for this service
• Originate or Approve a domestic wire transfer from existing templates. Customer must enter into a Wire Transfer Agreement for this service.

ACH Credit & Debit Origination
Securely and efficiently manage your business cash flow by electronically receiving payments from customers, sending payments to vendors or employees, transferring funds to your accounts at other financial institutions or importing NACHA (National Automated Clearing House Association) files for processing
ACH Credit Origination

Allows commercial customers to originate payments to vendors or transfer funds to accounts help at other financial institutions. The payment or transfer of funds is guaranteed to be in the recipient's account by the effective date defined by you.

Benefits Include: 
• Recurring payment options
• Increased security
• Lower cost alternative for remitting payments


Direct Deposit of Payroll
Allows commercial customers to originate payroll credits directly to their employee's accounts at any financial institution.

Benefits Include:
• Reduced costs associated with check writing
• Peace of mind for you and your employees
• Environmentally friendly due to reducing your carbon footprint

ACH Debit Origination

ACH Collection allows commercial customers with the ability to collect funds from their members or clients at different financial institutions. Options to debit multiple accounts outside from other financial institutions and credit their account at Kirkpatrick Bank for the sum of those debits.

Benefits Include: 
• Enhanced cash flow
• Recurring payment options

Receivables
Remote Deposit Capture

Through Business Internet Banking commercial customers can simply scan checks with a special check scanner and transmit their deposits directly to Kirkpatrick Bank’s data processor.  Advantages for Kirkpatrick Bank customers can include:

• 7:00 pm CST / 6:00 pm MST deposit deadline
• Eliminate the need to transport deposits to the bank
• Detailed online reporting of check information and deposit activity.

Merchant Services

Commercial customers can accelerate check collection and delivery of remittance information by outsourcing the processing of mailed check and credit card payments to Kirkpatrick Bank’s Lockbox Service provider, Frost Bank.  

• Improve Cash flow with reduced mail and processing float
• Minimize administrative duties and costs
• Enhanced reporting capabilities
• Improve internal controls with segregation of duties

Payables
ACH Collections

Allows commercial customers to initiate payments to vendors or transfer funds to accounts at other financial institutions.  Commercial customers can control when the recipient receives funds.  As an additional benefit, the payment or transfer of funds is guaranteed to be in the recipient’s account by the effective date defined by our commercial customer

• Recurring Payment Options
• Increased Security
• Lower cost alternative for remitting payments

Direct Deposit of Payroll

Allows commercial customers to originate Direct Deposit of Payroll to employee accounts at any financial institution.  Business Internet Banking also supports imported NACHA (National Automated Clearing House Association) formatted files from payroll sources such as QuickBooks.

• Reduce costs associated with check writing
• Peace of mind for you and your employees
• Environmentally friendly due reducing your carbon footprint

Electronic Federal Tax Payment

Allows commercial customers to originate electronic tax payments to federal and state tax authorities through the secure online system.

Wire Transfers

Commercial customers may securely originate domestic wire transfer requests through Business Internet Banking.  Wire requests may be set to recur.  Domestic wire requests will be processed Monday through Friday 8:00 am to 4:00 pm CST.  International wire requests will be processed Monday through Friday 8:00 am to 2:00 pm CST.  

• Token authentication for additional security
• Expedite funds transfers

Business Bill Pay

Convenient and easy option to pay bills online. Initiate bill payments through Business Online Banking or through Business Mobile Banking. Customer must be enrolled in Business Online Banking to access this service.

• Schedule automatic or recurring bills for payment
• Set up reminders for bills due and payments made
• View pending bills, recent bills and bill history
• Add and manage biller categories

Positive Pay
Enhance security with solutions that safeguard information and minimize the risk of fraud.
Check Positive Pay

Positive Pay is a fraud prevention service that enables you to transmit your issued check file to the bank for daily reconcilement of checks being presented for payment. Any items that don't match are shown as an exception item and through Business Online Banking, you make your decision on whether the item should be paid. Positive Pay can save you money by minimizing the risk of fraud and forgery.

• Automated notification of exceptions
• Online exception management and image archive

ACH Positive Pay

You can define business rules, using an ACH authorization or a transaction filter/block, at the account level for monitoring ACH activity in an effort to protect your account from fraud.  Every ACH transaction that is presented for payment is scrutinized against these rules to determine whether a transaction warrants your further review.

• Automated notification of exceptions
• Online exception management and image archive

Reverse Positive Pay

Review all previous day checks presented for payment prior to paying them.

• Verify endorsements or lien waivers
• View an image of each item to assist in making your decision to pay or not pay

Merchant Services
Who Needs It?

• Sole proprietors with a need to process payments from their smartphone or mobile device
• On-the-go businesses needing a handheld, full-function POS in a small footprint with more functionality than a phone (at a low cost)
• Restaurants or general retail needing a feature-rich full point of sale system integrating with orders, assignments and pay at table options
• Any business needing to integrate purchase options on their website
• Any business interested in integrating QuickBooks processing
• Any business interested in accepting PayPal transactions
• Non-profits seeking to increase fundraising capabilities and lower costs
• Municipalities, Counties, agencies, and schools looking for cloud-based solutions for revenue collection

Best news of all – our merchant services systems and programs are fully EMV compliant, and can grow with your business. Start out using a phone and grow to using a full point of sale system? No problem, your back office support is the same, maintaining continuity and security, supporting any system or program. Fast, efficient, reliable.

Mobile Credit Card Processing

Process on the go with your smartphone or tablet with fast activation and pairing – Android or Apple; reliable and secure

Mobile Plus Hand-Held Wireless

Handheld, full-function POS in a small footprint, with additional features like save/hold, recall orders, inventory alerts, email and print options, sales reporting/analytics, and more.

Full Point of Sale Systems

All of the above, plus pay at table, optional accessories like kitchen printers, BT scanners, customer-facing touch display for on-screen tipping and signature capture

TransIT Web Pass

Online gateway and virtual terminal integrating with your website for payment processing to support shopping carts, recurring transactions, credit card expiration reporting, and more…

Resources
Efficiently and securely make electronic payments.
Automated Clearing House (ACH) Resource Center

This page contains training, information, and tools needed for originating Automated Clearinghouse (ACH) transactions.To better understand how electronic payments can enhance your business, please visit Electronic Payments sponsored by NACHA, The Electronic Payments Association. Whether looking into electronic payments for the first time or having experience originating payments, you will find a wealth of useful information, from sample direct deposit or debit forms to justify the expense of implementing ACH origination.  DIRECTDEPOSIT.ORG

To better understand ACH Rules, start by creating a free Basic User account, the NACHA, where you can access the entire ACH Rules data base.

NACHA RULES ONLINE
2024 NACHA QUICK REFERENCE CARDS