Subaccounts

Citizens Independent Bank helps businesses protect operating funds while simplifying deposits across multiple locations. Subaccounts are designed for deposit only use, with balances automatically swept to a designated operating account at the end of each business day.

Built for Retail and Multi-Location Environments

Subaccounts can be used when deposit slips or checkbooks may be accessible to others. Because withdrawals are restricted, funds can still be accepted safely without exposing your primary operating account number.

Benefits

Simplifies cash management across multiple retail sites or departments.
Allows deposits only, helping prevent unauthorized withdrawals.
Automatic daily sweeps move funds to the designated operating account.
Keeps the operating account secure and never public-facing.
Reduces the risk of account misuse or exposure.

Protect your business from evolving fraud threats.

Unlock the power of proactive protection with tools and resources designed to help safeguard accounts, prevent unauthorized transactions, and strengthen payment security.

Fraud Protection Solutions

Explore Other Cash Management Solutions

Business Digital Banking

Zero & Target Balance Accounts

Controlled Disbursement

Account Analysis

We provide business banking, personal banking, mortgage lending, and financial services to businesses and individuals across the western Twin Cities. Explore our local banking locations in Saint Louis Park, Robbinsdale, Hopkins, and Plymouth to find the branch most convenient for you.