Cash Management Services

 
Cash Management services are essential in today’s financial environment. Such services allow companies of various sizes to manage their funds more efficiently. Here are a few of the services we offer to enhance your company’s bottom line.
 

CASH MANAGEMENT SERVICES

PRODUCT Details
DIRECT ACH/WIRES
  • Disburse and accept payments electronically
  • Online Wire Transfers
PAYROLL DEBIT CARDS
  • Direct deposit employees' paychecks to a Visa Debit Card
POSITIVE PAY
  • Protect your business from altered or counterfeit checks
REMOTE DEPOSIT CAPTURE
  • Electronically deposit checks from the convenience of your office
REPURCHASE ACCOUNT
  • Put excess funds to work for you and earn higher returns on your daily operating cash
TARGET BALANCE ACCOUNT
  • Automatically concentrate and distribute funds between your AHB master and subsidiary accounts

DIRECT ACH/WIRES

Direct ACH/Wires allows you to disburse and accept payments electronically. Our Cash Management system puts you in complete control. It is a safe and accurate alternative at a very cost-effective price.

Benefits of Direct pay:

  • Reduce costs
    • Fewer checks to buy and lower costs for check distribution
    • Pay employees through an automatic payment that goes directly to the employee's bank account anywhere
  • Increase efficiency
    • Eliminate time to print and sign checks
    • Eliminate lost/stolen paycheck problems
  • Increase employee benefits
    • No need to make a trip to cash or deposit checks
    • Eliminate payroll problems for sick, traveling, or vacationing employees

Benefits of Direct bill:

  • Reduce costs and increase efficiency
    • Fewer checks to buy and remittance checks to process
    • Pay vendors or request payments electronically
  • Improve cash flow
    • Immediate access to the funds on the date due
    • Receive more payments on time
Contact our Business Resources Department for more information.
 

PAYROLL DEBIT CARDS

Streamline your payroll process with Payroll Debit Cards. You can deposit funds directly to your employees' Payroll Debit Card*, which helps increase direct deposit participation and reduce payroll related expenses. Your employees enjoy the benefit of direct deposit and have a more secure way to receive and spend their paycheck.

Benefits of Payroll Debit Cards:

  • Reduce costs
    • Eliminate the need to issue paper checks
    • No stop payment fees and reissuing of lost or stolen paychecks
  • Increase efficiency
    • Easy payroll tracking
    • Reduce the possibility of check fraud
  •  Increase employee benefits
    • Immediate access to payroll on specified pay date
    • Safer than cash
*Must have the ability to submit ACH direct deposits
Contact our Business Resources Department for more information.
 

POSITIVE PAY

Positive Pay is one of the most sophisticated Cash Management services available. In this process, the company and bank work together to detect check fraud by identifying items presented for payment that the company did not issue. The company transmits a file of issued check information to the bank each day. The bank matches payee names, serial numbers, and dollar amounts of checks presented for payment. Exceptions are conveyed to the company for disposition.

Benefits of Positive Pay:

  • Highly effective defense against check fraud
  • Multiple layers of security
  • Allows management intervention on questionable checks
Contact our Business Resources Department for more information.
 

REMOTE DEPOSIT CAPTURE

Remote Deposit Capture (RDC) allows businesses to process checks and deposits from their computer without making a daily trip to the bank. With RDC and a compatible desktop scanner, you can scan your checks from anywhere, capturing the payment amount and associated data. Images can be researched and retrieved through a secure Web browser. 

Benefits of RDC:

  • Process checks and deposits electronically from the office
  • Research past deposits and deposited items
  • Reduce administrative expenses and trips to the bank
  • Obtain detailed reports for accounting purposes
Contact our Business Resources Department for more information.
 

REPURCHASE ACCOUNT

Maximize interest income and minimize interest expense with a Repurchase Account. Make every dollar work for you by automating the movement of your excess funds into an investment account.

Benefits of a Repurchase Account:

  • Excess balances can generate income overnight in conservative investments backed by U.S. Government and agency obligations*
  • Automate the transfer of investable funds
  • Provide investment income while maintaining liquidity
  • Reduce the time required to manage your investable operating cash
  • $200,000 average daily collected balance required to open
  • Interest paid daily
*Funds in a Repurchase Account are not FDIC insured, but are 100% collateralized with securities
Contact our Business Resources Department for more information.
 

TARGET BALANCE ACCOUNT

A Target Balance Account is a subsidiary account that is maintained at a specified balance of zero or greater and is electronically linked to a master account. You can use a Target Balance Account to separate accounts for Cash Management disbursements or special accounting arrangements. Target Balance Accounts are funded by your master account at the end of each business day, saving time and management effort.

Benefits of a Target Balance Account:

  • Concentrate cash in main operating account automatically at the end of the day
  • Eliminate the need for manual account transfers by automatically funding disbursement accounts
  • View liquidity in a single account instead of multiple accounts
  • Maximize funds available for investment
  • Minimize the risk of accidentally overdrawing an account
  • Link an unlimited number of subsidiary accounts to one master account
Contact our Business Resources Department for more information.