• Sweep Account
• Business Bill Payments
• Transfers
• Balance/Transaction Reporting
• Initiating an ACH Batch
• Initiating Tax Payments
• Initiating Wire Transfers
• Placing Stop Payments

SWEEP ACCOUNTS

The Sweeps function provides the ability to set up automated funds transfer to / from accounts in order to keep their balances within certain limits. When a limit is reached, the system transfers money between the specified accounts – just enough to bring the monitored account back to the threshold amount – and sends an email message to indicate the activity.

BUSINESS BILL PAYMENTS

Eliminate hassle and save time by having your regular payments made automatically – right from your account.

TRANSFER

Online Business Banking helps you plan and saves you time. Move money whenever you want from wherever you can access the Internet. You can also schedule a book transfer for a date in the future.

BALANCE/TRANSACTION REPORTING

Online Business Banking helps you keep track of account activity by setting up balance alerts to send an email or text message notification when an account level exceeds a set threshold. Balance alert notifications are sent throughout the day. Alerts are not available for loan accounts. To set up your balance alerts:

1) Select Account and Condition, enter the Amount
and Email Address
2) Select Add.
3) Additional email addresses can be added to an alert separated by a semicolon.

INITIATING AN ACH BATCH

An Automated Clearing House (ACH) transfer is an important business tool for anyone too busy to manage every little detail. Essentially, it represents the electronic transmission of a file which contains information pertinent to the movement of funds between accounts. An ACH transfer is commonly used to expedite direct deposit of payroll, pay bills, concentrate funds from other financial institutions or collect membership dues. An ACH transfer generally consists of multiple transactions and is referred to as a batch.

INITIATING TAX PAYMENTS

Never run to the bank with a tax payment check again. Initiate a tax payment to the IRS through EFTPS up to 30 days in advance from your home or office. Federal tax type is supported.

WIRE TRANSFERS

The wire transfer service allows you to move funds between accounts within different financial institutions. Transfers can be scheduled for the current day or a future date. Pending transfers can be reviewed and deleted.