Business & Cash Management FAQs

See below for a list of Frequently Asked Questions. Still need more information? We’re happy to help! Please contact a member of the Cash Management team.

What is Cash Management?

At Bank Five Nine, Cash Management is about helping businesses manage cash flow through different products and services like online banking, Positive Pay and ACH Filtering, merchant services, payroll services, and ACH Origination to name a few.

How can Cash Management services benefit my business?

By providing time saving products to manage day-to-day financial activity, Bank Five Nine’s cash management products allow the business owner to do what they do best…run their business.

What is Remote Deposit Capture (RDC)?

Remote Deposit Capture (known as Express Deposit at Bank Five Nine) allows businesses to deposit checks electronically from their desktop when convenient. Bank Five Nine will install a desktop check scanner and provide training. Deposits made on a business day before 6pm will be credited that same business day. Deposits made after 6pm will be credited the next business day.

How can Direct Deposit benefit my business?

Direct Deposit is a benefit to businesses and their employees. It eliminates the need to print and mail paychecks; potentially lessening time spent processing payroll. Since payroll is transmitted electronically to the employee’s bank account, there is no more replacing lost checks, or the time and cost of placing a stop pay on a lost payroll check. With direct deposit through Bank Five Nine’s ACH product, and ACH user can process payroll anywhere, anytime with access to the Bank’s secure online ACH portal and can directly deposit funds into each employee’s account the day payroll is disbursed.

How can I accept credit card payments or online payments from customers?

Bank Five Nine has partnered with Elavon, a trusted third party provider and world-wide merchant processor that offers local representation to help you with your credit card processing needs, website assistance, and other services associated with accepting credit cards and online services. We’ve already done the vetting for you so you can have confidence in Elavon. Bank Five Nine has a designated Elavon representative that will gladly meet with you in person and answer all of your questions.

Please contact Cash Management for more details.

What if I want to outsource my payroll processing?

Payroll laws and processing are becoming more complicated each year. If you want to consider outsourcing the entire process, we have the answer for you. Bank Five Nine has partnered with Integrated Payroll Services (iPS), a local, full service payroll provider that offers excellent customer service and quality at a cost significantly below the national providers. We’ve done the vetting for you so you can feel good about utilizing Integrated Payroll Services. iPS can simply handle your payroll (& related tax reporting), or it can also help you with time and attendance, benefits administration, human resources, and talent acquisition if desired. The company is locally owned and operated so Bank Five Nine customers can expect the same friendly service they receive from Bank Five Nine.

Please contact Cash Management for more details.

I want to earn a better rate on my funds without tying up my money in a typical COD; any solutions?

Bank Five Nine offers Investment Sweep accounts for clients with surplus cash. Clients maintain liquidity while maximizing interest income on surplus cash invested on a daily basis. Amounts over a predetermined target balance are swept overnight. The interest –bearing sweep account is collateralized by U.S. Government (or agency) securities. Minimize internal administration as the entire process is automated.

Please contact Cash Management to learn more details.

I'd like to pay bills online the same way I do my personal bills; is that possible?

Yes! Bank Five Nine’s Business Online Banking options allow a business to pay bills using Business Online Bill Pay in a manner similar to our consumer Bill Pay product.

Please contact Cash Management to learn more.

Am I able to access my business accounts from my phone?

Yes! Bank Five Nine offers mobile banking and mobile deposit. Business customers can view their accounts, deposit checks, make transfers, and pay bills with Bank Five Nine’s mobile app.

Please contact Cash Management to learn more.

I'd like to open my own business. Where do I start?

There are several resources you can reference for starting a business in Wisconsin, including:

What documents are required to open a business deposit account?

To open a business deposit account, like a checking or savings, there are different requirements depending on how you want to structure the account.


  • Copy of the Articles of Incorporation/Organization (if you are unable to locate them we can order them for you)
  • Copy of Operating Agreement/By-Laws (if unable to provide Articles of Organization/Incorporation)
  • Verification of EIN (IRS EIN letter of confirmation, first page of tax return or W-9 completed at account opening)
  • Business DBA name (if applicable)
  • Physical address of business
  • Business phone number
  • Mailing address of business, if different from physical address
  • Completed Beneficial Owner Form

BUSINESS EXECUTIVES (i.e. President, Vice President, Secretary, Treasurer, all members and/or all partners with banking authority)

  • Legal name
  • Date of birth
  • Social Security Number
  • Driver’s license number, issue date and expiration date
  • Home address
  • Phone number
  • Email address
  • Business executive title
  • Percentage of business ownership

SIGNERS (i.e. those that will be transacting for the new account)

  • Legal name
  • Date of birth
  • Social Security Number
  • Driver’s license number, issue date and expiration date
  • Home address
  • Phone number
  • Email address
  • Business title/position

How do I obtain an EIN?

You can apply for an EIN online at:

We would also recommend you consult an attorney or accountant to assist you with your EIN application.

How do I become a charitable organization?

The Wisconsin Department of Financial Institutions is a great resource to answer all your questions about becoming a charitable organization. You can reference their Frequently Asked Questions within the Charitable Organizations category at for more information.