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ACH PROCESSING - Direct Deposit and
Direct Payment
ACH (Automated Clearing House) allows you to arrange to directly deposit and directly debit individuals' bank accounts.
ACH Direct Deposit is a safe, proven, confidential method of receiving a payment. Money is electronically transferred from a company or organization's account into an employee or consumer's bank account. Benefits include decreasing the time and cost of processing payroll, reducing stop payments by eliminating lost and stolen checks, and increasing productivity by eliminating trips to the bank.
ACH Direct Payment is the electronic transfer of an authorized payment from a consumer's checking or savings account into the account of a biller, service provider, or non-profit organization. Direct Payment is a safe, secure, accurate, and on-time payment method. Direct Payment helps companies, billers, and non-profits improve cash flow predictability, build consumer loyalty, and save time and money.
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Analysis Accounts
Analysis statement is sent to you monthly, quarterly, or semi-annually. Analysis statement
itemizes all services used during the month and totals the applicable fees. Charges that can be analyzed include maintenance charge, debits, credits, returned items, stop payments, and wire fees. Analysis account gives an earnings credit based on the 4 week 90 day T-Bill average.
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Business
Check Card
Managing your business checking account is now easier with the VISA business check card. It gives you, or your designated employees, the flexibility to purchase, withdraw, transfer, and check balances. The VISA Business Check Card streamlines your day-to-day transactions.
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Coin and Currency
Orders for coin and currency are filled quickly and accurately in any volume denomination on a same day basis. Your company may specify customized procedures for commercial deposit exception handling. All procedures and operations in the cash vault are under dual control.
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Funds Transfers
Your business may select the most efficient way to transfer funds. We can process wire transfers, depository transfers, and Automated Clearing House transactions.
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Lockbox
A lockbox improves your cash flow by accelerating payment collections. This is accomplished by directing payments to a post office box assigned to your company to which the bank has access. We collect your customers' payments daily on schedules set to meet check-clearing deadlines. Collections are processed according to your specifications and checks are deposited directly into your account. Deposit totals are then reported and remittance information is sent to your office. Through the use of a lockbox, you experience reduced float time on processing payments, quicker availability of funds, and reduced personnel costs.
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Merchant Services
We offer payment processing for credit and debit card acceptance. This service provides credit card holders with a convenient method of payment and reduces paperwork for the merchant through electronic management.
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Online Banking
Manage your business accounts on your time via your personal computer. Online banking has features that can be tailored to meet your specific needs. With online banking, you’ll be able to view all of your account balances and statement activity, view historical account information, transfer funds, enter stop payments, originate wire transfers, make loan payments, and originate electronic (ACH) activity.
Click here to view an online banking demo.
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Positive
Pay
Positive pay is a process through which you and the bank work together to combat check fraud by identifying items presented for payment which you did not issue. Positive Pay serves as a fraud protection and deterrent service that may result in the reduction of possible loss due to unauthorized transactions.
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Zero Balance Accounts
A zero balance account facilitates the movement of funds between your company's accounts, ensuring the most efficient possible use of your dollars. Funds will be transferred from secondary accounts to a master account each day allowing for the automatic concentration of excess funds without manual processing.
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For more information on cash management products, stop by or call us at (918)
681-1650.
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