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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.

Direct ACH

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  • Dispurse and accept payments electronically
  • Online Wire Transfers

Payroll Debit Cards

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  • Direct deposit employees' paychecks to a Visa Debit Card

Positive Pay

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  • Protect your business from altered or counterfeit checks

Remote Deposit Capture

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  • Electronically deposit checks from the convenience of your office

Repurchase Account

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  •  Put excess funds to work for you and earn higher returns on your daily operating cash

Target Balance Account

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  •  Automatically concentrate and distribute funds between your AHB master and subsidiary accounts

Direct ACH

Less expensive than wire transfers, AHB Direct 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:

  • Reduces 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
  • Increased efficiency – Eliminates time to print and sign checks; Eliminates lost/stolen paycheck problems; Fewer incorrect pay amounts from typing checks
  • Increased employee benefits – No need to make a trip to cash or deposit checks; Increased confidentiality of payroll; Eliminates payroll problems for sick, traveling, or vacationing employees

Benefits of Direct bill:

  • Reduced costs for billing, invoice printing, return envelopes, postage, etc.
  • A preauthorized agreement allows recurring payments to be initiated and automatically deposited into the business account
  • Improved cash flow – Immediate access to the funds on the date due
  • Increased efficiency – Eliminates time to create invoices; Fewer incoming checks to process
  • Improved delinquency ratio – 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:

  • Eliminate the need to issue paper checks and reduce the possibility of check fraud
  • Safer than cash; No more stop payment fees and reissuing lost or stolen checks
  • Instant employee access to payroll
  • Easy payroll tracking
  • Must have the ability to submit ACH direct deposits
  • First 25 cards free, $5.00 per card thereafter

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 serial numbers and dollar amounts of checks presented for payment against the issue file, and pays only those checks that match. Exceptions are conveyed to the company for disposition.

Benefits of Positive Pay:

  • Highly effective defense against check fraud
  • Multiple layers of security
  • Inexpensive compared to potential losses from fraud
  • 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 Remote Deposit Capture and our easy-to-adapt desktop scanner, you can scan your checks from any geographic location capturing the payment amount and associated data. Images can be researched and retrieved through a secure Web browser and detailed reporting is available for current and past image data.

Benefits of RDC:

  • Process checks and deposits from the office-converts paper checks into electronic transactions
  • Research account transactions
  • Speeds cash flow
  • Reduces 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*
  • Automates the transfer of investable funds
  • Provides investment income while maintaining liquidity
  • Reduces 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 (TBA) 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 TBA:

  • Concentrate cash in main operating account automatically at the end of the day
  • Automatically funds disbursement accounts; Eliminates the need for manual account transfers
  • View liquidity in a single account instead of multiple accounts
  • Maximizes funds available for investment
  • Minimizes the risk of accidently overdrawing an account
  • Link an unlimited number of subsidiary accounts to one master account

Contact our Business Resources Department for more information.

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