Earlier, iBank launched high-yield time deposit instruments – the iTime Plus and iTime Prime – in response to the growing requirement of the small- and medium-sized entrepreneurs for optimum earnings for their placements.
Alfredo Guiao, iBank marketing head, said the bank’s business management sector has further customized its corporate products to provide more innovative automated solutions and out-sourced services.
Among these are ePayroll, an integrated payroll service; Check Writer Plus, a check cutting service; Checkinstore, a check warehousing service; and Remote Link, the provision of convenient remote banking terminals.
Guiao said the Check Writer Plus helps customers do away with tedious manual preparation and disbursement of checks, and facilitates monitoring and reconciliation of current accounts. Checkinstore, meanwhile, automates check monitoring systems for customers ensuring that checks are deposited on due dates and that their security is guaranteed.
The Remote Link facilitates online inquiries on cleared checks, account balance and transaction history.
Guiao added that the customized services "are designed to meet the specific business requirements of clients and at the same time help them realize savings on operational costs and from improved productivity. Most of these services would normally be done by the clients’ employed personnel, he explained.
All these consequently lead to higher earnings for their company, Guiao said.