| ACH |
- Electronic, bank-to-bank domestic money transfers processed through the Automated Clearing House Network.
- Can be same day or scheduled in advance
- Beneficial for customers needing to send and/or collect funds (Credit or Debit) via ACH (Direct Deposit/Payroll, Vendor Payments, Collect Payments, Collect Membership Dues, etc)
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| Online Wire Transfers |
- Electronic transfer of funds that allow money to be moved quickly and securely
- Domestic and International Payments can be initiated through Business Online
- Beneficial for customers who need to securely send high dollar payments or who need to send money immediately
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| Remote Deposit Capture |
- Allows customers to deposit checks from their office with a scanner
- Beneficial for customers with a high volume of checks, who are not near a branch, or who find it hard to get to the branch during business hours
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| Lockbox |
- Service provided by the bank to customers for the receipt of payments from their customers
- Payments to the customer are directed to a PO Box. The Bank collects the mail, processes and deposits the payments and funds the customer's account directly
- Beneficial for customers who receive large dollar or high volumes of checks in-house or someone who experiences sales growth without staff to process
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| Payroll & Disbursement Cards |
- Payroll Cards - Reloadable card solution allowing employees to receive wages quickly and electronically without having a bank account
- Disbursement Cards - Reloadable card solution enabling efficient and low cost Business-to-Business or Business-to-Consumer payments electronically
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Check Fraud Protection
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Check Positive Pay
- Checks are matched and cross-referenced with a list provided by the customer. Any suspicious items are verified with client via Business Online
- Beneficial for customers who have experienced fraud or want to proactively protect their account from fraud
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ACH Fraud Protection
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ACH Debit and/or Credit Positive Pay
- Allows users to review all incoming ACH Credits and/or ACH Debits and allows customers to return any suspicious ACH items
- Customer can create a rule list to allow certain ACH items to go through without review
ACH Debit Block
- Blocks all incoming ACH Debits
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Sweeps
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- A sweep account is a bank account that automatically transfers funds to/from another account
- Accounts aggregate funds from several accounts to a master for debt repayment or investment purposes
- Beneficial for customers who want to optimize their liquidity or address FDIC Insurance Limits
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