How does Business Mobile Banking prevent fraud?

The powerful security features of Business Mobile Banking allow authorized users to establish controls and alerts designed to detect and stop fraudulent transactions before they happen. It protects against account takeover by safeguarding the approval process for ACH, wire transfers, account transfers, positive pay transactions, and more.

How do users log on to Mobile Banking?

Account holders use the same User ID and password they use for Online Banking access.ย  After initial login, a user can also take advantage of their smartphoneโ€™s built-in security features, such as fingerprint ID and facial recognition.

Business Mobile Banking also supports the use of both hardware and software tokens, which provides an extra layer of security for our business account holders who have this feature enabled in Business Online Banking.

What devices can be used for Business Mobile Banking?

Account holders with an Appleยฎ or Androidยฎ smartphone with internet access can download our Business Mobile Banking app right from their app store. For questions on if your device is compatible, please reach out to our Cash Management team at 701-499-6768. Data and/or access fees may apply from their mobile or internet service providers.

Who can use Business Mobile Banking?

Anyone with a business account, loan, or line of credit. However, the account holder must first be enrolled in Business Online Banking before being able to use the app. Additional users must be authorized before being allowed to approve transactions, make deposits, and/or transfer funds.

What is Business Mobile Banking?

Business Mobile Banking (AKA Business Mobiliti) is a mobile banking tool with powerful features for businesses of all sizes, built into a smartphone app. It integrates seamlessly with Business Online Banking and is the ultimate mobile banking app to keep account holdersโ€™ businesses moving whenever theyโ€™re on the go.

What else do you need to know?

You receive one regular monthly statement from us showing your IntraFi balances and other essential information. You can check your balances and track additional important information of interest to you online, 24/7, through a specially designed Depositor Control Panel. Your confidential information remains protected.

IntraFi can eliminate the ongoing tracking burdens associated with collateralization and the need to footnote uninsured deposits in financial statements if you are accustomed to these practices.

How does IntraFi work?

Through IntraFi Funding<sup>SM</sup>, you can earn interest on funds placed into demand deposit accounts (using the demand option), money market deposit accounts (using the savings option), or both, and rest assured knowing that your IntraFi funds are eligible for multi-million-dollar FDIC insurance.

You can also enjoy unlimited program withdrawals (using the demand option) or up to six program withdrawals per month (using the savings option).

How does it work?

You make your initial deposit with Cornerstone Bank, and we do the work of placing your money in CDs within the network.

Your money is placed in CDs in increments of less than the standard FDIC insurance maximum so that both the principal and interest are eligible for FDIC protection. As a result, you can receive coverage from many banks while working directly with your Cornerstone Banker!

Note: While early withdrawals are available, you will be required to pay a substantial penalty.

  • Benefits of IntraFi<sup>SM</sup> Network Deposits<sup>SM</sup>
  • Access to multi-million-dollar FDIC insurance
  • Avoid the hassle of opening accounts at different banks
  • Saves you time and money
  • Safe and Secure
  • โ€‹Convenient

Don’t hesitate to contact your local Cornerstone Bank for more details or if you have any questions.

What is the IntraFiSM Network DepositsSM network?

IntraFi<sup>SM</sup> Network Deposits<sup>SM</sup> is a special network of banks that provides you with access to multi-million-dollar FDIC insurance by placing your funds into CDs issued by other participating banks in theย  IntraFi<sup>SM</sup> Network Deposits<sup>SM</sup> network.