Cash Management Services

We build our relationships around an understanding of your business goals and objectives. Our complete assortment of financial management tools are designed to maximize cash flow, add efficiency to your operations and supply the reporting tools necessary to run a successful business. Our commitment is to provide quality financial tools with superior service.

Business Cash Manager Online (BCMO)

BCMO is the perfect tool to streamline operations and improve cash flow. BCMO provides online, real time account management giving greater control and more access to account information. Businesses are able to manage finances 24 hours a day, 7 days a week from any remote location. The administration platform of the product allows for multiple end-users, each with different security access. BCMO uses advanced Internet security algorithms to guard the privacy of your company's information and transactions.

• Review complete account and loan information online 24/7
• Originate direct transfers (ACH)
• Move funds between accounts
• Initiate wire transfers
• Pay bills more efficiently using the presentment feature
• Detect check fraud with Positive Pay feature

Business Deposit Manager (BDM)

BDM is an innovative business tool that brings the bank to your location to streamline the check deposit process and improve cash flow. BDM provides the ability to scan and submit check deposits from your business office.

• Make deposits until 7:00 pm, M-F
• Speed up the availability of funds and increase working cash
• Add efficiency and eliminate the cost and liability of regular trips to the bank
• Reduce the risk of fraud

Automated Clearing House (ACH) Transactions

The ACH product allows you to send and receive payments electronically. It also includes a wide variety of online inquiry and reporting options. The most common application is for payment of payroll taxes and/or direct deposit of payroll.

• Reduces the costs associated with check processing
• Convenient and Internet-based
• Increases control and security by allowing customers to authorize which individuals may perform each function
• Saves employees' time away from the office
• Provides detailed reports of transactions originated
• Funds can be transferred electronically between other financial institutions and Heritage Bank

Sweep Account

Earn higher rates on your everyday cash with a Sweep Account. The Sweep works along with your Analysis Checking account. A pre-determined minimum balance is set for your checking account. This minimum balance is generally set high enough to provide an adequate earnings credit to cover account service charges. Funds above this minimum balance are "swept" daily into an internal Heritage Bank Money Market account, where they earn competitive rates. You may also sweep excess funds to pay down a business line of credit, decreasing the amount of interest owed.

• Increases control of idle bank balances
• Convenience of one account for checking and investing
• Funds remain liquid
• Bank monitors account and automatically invests excess collected balances each day

Cash management products can be used individually or in combination. They are designed to maximize the cash your business generates while providing you with the important reporting tools you need to manage a successful business.

Give us a call or stop by for complete information. We're committed to helping you find the best solutions for your financial needs.