These convenient options can help you manage your business revenues and expenses by automatically directing your cash where it needs to go, whether thatís to and from outside parties or between different accounts within the bank.
You can increase security, reduce time and eliminate paperwork with electronic payment and collection through our Automated Clearing House (ACH). ACH is an electronic means of transferring funds between parties, and itís a convenient alternative to checks or wire transfers. An ACH can support your business in areas like direct deposits (automatic payroll or commission deposits), billing (receiving regular, pre-authorized fees like dues, subscriptions, tuitions, etc.) and cash management (automatic transfers to other institutions). Features include:
Using a special scanner, you can deposit checks into your bank account without ever leaving the office. Remote deposit allows you to transmit check information electronically across a secure Internet connection, and no paper has to be sent to the bank.
Sweeping funds between accounts can help you maximize your funds to best suit the needs of your business. You can use excess funds from one account to automatically pay on loans, or to build up funds in a different type of account.
To find out more about these services, e-mail us at email@example.com or
call (615) 443-6105.