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Our Cash Management team can design a package of services to make your job easier, your relationship with the bank enjoyable, and to help ensure the most efficient use of your financial resources. It is our objective to provide American Bank’s full resources to optimize yours.
In addition to our business checking and
savings accounts, electronic banking and business
lines of credit and
loans, we offer the following services: |
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Bank OnLine
Review your accounts, transfer money between accounts within the bank and much more - anywhere you have Internet access. Bank OnLine conveniently and securely connects you to your American Bank accounts - where you have access to your account history and balance information. You can see images of items deposited and items posted to your accounts and, with the proper authorization level, make transfers between your accounts. You can even set up electronic account alerts to notify you when your account goes above or below a certain balance or when a specific check has cleared.
Security is an integral part of Bank OnLine. The design of the password authorization profile gives business customers maximum flexibility and control. Access given to bookkeepers, accountants and controllers can be customized to the appropriate level for your organization.
The password authorization files are encrypted to prevent unauthorized access or manipulation. Bank OnLine maintains an audit trail of all activity from sign-on to sign-off.
Bill Pay
Review OnLine's Bill Pay service allows you to pay an unlimited number of bills anytime, anywhere - as long as you have an Internet connection.
Digital Deposit
This time-saving service gives you the ability to scan checks you receive throughout the day and deposit the digital images in the bank, from your own office. And the deadline for transmitting your deposits to the bank is extended.
Check and Deposit Imaging
Imaging is a simplified way to receive and store your checks and deposit slips. High quality laser images of your checks and deposit slips are sorted and printed on pre-punched pages for quick reference and storage and returned with your statement. Your check images are listed in numerical order and the check number, amount paid, and date deducted from your account are listed below each image for easy reference. With electronic storage, copies of your records can be retrieved and reproduced quickly for your needs.
E-mail Statement
Use the bank's Web site to access your account conveniently, quickly and securely through e-mail.
Business Check Cards
The Business Check Card works like a check and can help your company manage its cash, reduce the need for petty cash, and easily track purchases on your regular bank account statements and through Bank OnLine. It can be used anywhere that accepts MasterCard. Check Cards can also be given preset purchasing limits for greater control over employee spending.
Business Credit Cards
With VISA Business Cards, enjoy exceptional service and a wide array of valuable benefits. VISA Business Credit cards offer an interest-free grace period, no annual fee, emergency cash and card replacement, the ability to monitor travel and entertainment expenses and more.
Same Day Credit On Deposits
You'll receive same day credit on deposits made until closing at most of our branches.
Night Drop Services
Safeguard your deposits overnight or over the weekend by using our night drop service.
Health Savings Accounts (HSA)
This account allows tax-deferred savings and unlimited access to funds for individuals and families with high deductible health insurance plans. Contact Cash Management Services for more information.
Electronic Transaction Processing
With automatic and paperless payroll payments, you can save time and money, and prevent lost or stolen checks. ACH origination will automatically charge your account for payroll and credit your employee's account at any bank. Your employees or other payees will find direct deposit to be a time-saving convenience as well.
Instant-issue payroll cards will allow you to have all of your employees on direct deposit. The reloadable card can be used anywhere Visa® or Mastercard® is accepted.
Set up automatic draft payments for your customers on funds due to your business. Automatic Clearing House (ACH) origination will charge an account at any bank for payments and then credit your account. The electronic credit to your account is the same as a cash deposit. It will allow you to earn interest or apply the balances toward an earnings credit the date the deposit is credited to your account.
EFTPS (Electronic Federal Tax Payment System)
If your business makes electronic tax payments, American Bank can help you set up the ACH Credit option for those IRS payments, as compared to the ACH Debit option which allows the IRS to debit your account.
With EFTPS ACH Credit, you always have an audit trail for each payment. Plus you can review the transaction before it is submitted to ensure that it is correct - and edit it if needed.
EDI (Electronic Data Interchange)
With EDI, you can initiate electronic processing of payments and collections. Each transaction is accompanied by the information (addenda record) applicable to the transaction. Incoming EDI addenda information is available for account receivable posting.
Wire Transfer
You may electronically transfer funds between financial institutions quickly and efficiently with wire transfers.
Imaged Lockbox Processing
Your accounts receivable payments are sent directly to a special, designated bank post office box, where they are recorded and deposited to your account the day they are received.
With imaged lockbox, you log in to a secure Web site to view all correspondence and deposit items. This information can be downloaded to your own archive database. There is also a CD-ROM with a searchable index of all images provided each month.
Positive Pay
Protect your account and simplify your monthly account reconciliation with Positive Pay. On a daily basis, an electronic report of issued checks is matched to the cleared transactions on your account. An exception report is then generated and is available to you electronically. Make decisions to return or pay items and reduce stop payment fees.
VISA / MasterCard Merchant
Processing & Point of Sale (POS)
Receive timely credit at a reasonable discount rate. With American Bank as your Visa/MasterCard merchant processor, you receive seamless collection along with low transaction fees. Also, if you do not own your electronic processing equipment, you can purchase equipment either with a lump sum payment or on a 12-month interest-free payment plan.
Point of Sale (POS) capabilities can be added to your credit card processing for very little cost. POS allows your customers to use a debit card or an Automated Teller Machine (ATM) card to pay for services. The benefit to you is the low cost of the transaction (a flat rate charge for each transaction, as compared to a discount rate). The benefit to your customer is that they pay from their checking account without having to write a check.
Online Payroll
An online alternative to costly traditional payroll services, Business OnLine Payroll is a full-service solution you can access anywhere, anytime. Just log in to your online payroll account every pay period to enter payroll information. Business Online Payroll takes care of everything else, including payroll taxes and paying your employees. It’s quick, convenient, and economical. Click here for more information.
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| For more information about Cash Management services and pricing, please call 361-992-9900 or
send us an e-mail. The Cash Management team is located at American Bank Shoreline,
100 One Shoreline Plaza South, Corpus Christi. |
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