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.

AHB Direct Deposit and Direct Pay

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 Deposit:

  • 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 Pay:

  • 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

Payroll Debit Card

Payroll Debit Cards allow businesses to upload their employee's paychecks to a Visa Debit Card.

  • Safer than cash
  • Instant employee access to payroll
  • Easy payroll tracking
  • Must be set up as a Cash Management User (fees apply)
  • First 25 cards Free, then $5.00 per card thereafter

Wire Transfers

One of the fastest ways to transfer funds, AHB offers both domestic and international wire transfer services.

Remote Deposit Capture (RDC)

Remote Deposit Capture 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.

  • 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

 

Repurchase Account

  • Your excess balances can generate income overnight in conservative investments backed by U.S. Government and agency obligations.
  • $200,000 average daily collected balance required to open
  • Interest paid daily

Target Balance Accounts

You can use a Zero-Balance account to separate accounts for Cash Management disbursements or special accounting arrangements. Zero-Balance accounts are funded by your master account at the end of each business day, saving time and management effort.

Internet Banking

Check out our Internet Banking features.