Online Banking Cash Management
Online Banking Cash Management is a valuable tool which offers your business the ability to initiate recurring electronic debits/credits from any participating financial institution in the country.

You can use this cost effective system in a variety of ways including:

  • Direct deposit of payroll or pension;
  • Accounts payable;
  • Tax payments - customer or government initiated;
  • Direct payment - monthly fees, reoccurring payments;
  • Accounts receivable.

Cash Management transactions are usually high-volume, regularly scheduled transactions between the same parties. For ease of data entry, specifically formatted electronic files that contain details of the transactions can be uploaded to the system. Cash Management transactions are then initiated one to two days prior to the settlement date and are not for immediate payment.

Cash Management Features & Benefits

• Transactional Activity	View current and previous statement cycle activity.
• Balance Verification	For a current, up-to-date glance at your account information, includes deposit, savings and loan accounts.
• Review Transactions	For audit and control purposes.
• Detail Transactions	Aids reconciliation duties.
• Check Imaging	View copies of cleared checks.
• Sort Capability	Sort transactions based on your business needs, check number, dollar amount, type of transaction, etc.
• Search	Search for a specific check or dollar amount.
• Transfer	Transfer funds between your bank accounts - access your Business Line of Credit when it's convenient for you.
• Stop Payment	Complete a stop payment online.
• Compatible	Download your information to your business accounting software.
• You're In Control	Maintain control over your accounts and limit user abilities.
• ACH	Initiate fund transfers between accounts held at other financial institutions.
• ACH Upload	Upload ACH transactions directly from your bookkeeping software.

Corporate Payments
Making corporate payments through the ACH network allows you to disburse funds to other companies for goods and services. The Corporate Payments capability gives you the option of replacing checks with an electronic process of debiting and crediting for invoices between the financial institutions of participating companies.

The ACH Corporate Payments feature allows payments to be accompanied by additional payment information, such as the details of the invoices being paid. This is done by adding an ACH addenda record to the payment format. The addenda may have an approved data convention for specific business applications. Some commonly used applications for Corporate Payments include:
  • Invoice payments
  • Trade payments
  • Vendor express payments

Tax Pay
Increasingly, businesses find that paying taxes electronically is the best solution. Now you can do just that with the ACH Tax Pay service. The online service supports all state and federal electronic deposit requirements in a single, easy-to-use application.

You can pay your taxes when it's most convenient for you.

Why Use ACH Services?
 • Substantial cost savings when compared with wire transfers
 • Reduced check processing costs
 • Improved cash concentration because ACH speeds the
   gathering of funds