Business Banking

Cash Management Products for Business

Cash Management Products for Business

Thanks to advances in technology, we’re able to access information like never before. Handheld devices and high-speed access to the internet make it possible – and simple – to check email at any time of the day or night, order takeout, or schedule a grocery delivery. Digital banking services have simplified finances, from 24/7 account access to mobile deposit. The same benefits we enjoy with personal banking are also available for businesses. At The Bank of Elk River, we offer Cash Management products for businesses with advanced features that seamlessly integrate with our Digital Banking services.

WHAT IS CASH MANAGEMENT?

Cash ManagementNew Window is an digital banking service that allows commercial customers to manage accounts through various convenient and flexible products, including Bill Pay, Business Desktop Deposit, Business Mobile Deposit, Positive Pay, and ACH Origination.

BILL PAY

Business Bill Pay for Cash ManagementNew Window allows you to focus more on your business. Features include the ability to easily pay bills and view payment activity from anywhere, at any time, with increased security over mailing checks. Users can delegate payment responsibilities to other employees, set permissions and controls, and customize reports. View a demoNew Window to learn more about the control and convenience of our Online Bill Pay system.

BUSINESS DEPOSIT

Cash Management offers two options for business deposits, Desktop and Mobile Deposit.

Business Desktop DepositNew Window includes a variety of features and benefits.

  • Deposit checks 24/7 from your place of business using a secure website. Check images are transmitted to the bank, and funds are then deposited into your account.
  • Complete deposits in batches or one at a time.
  • Benefit from same-day deposit by 4:00 pm.
  • Manage accounting with automated transaction validation and balancing.
  • View archived images of scanned checks.
  • Access daily, weekly, monthly, and annual reports.
  • Take advantage of enhanced security and fraud protection.

Business Mobile DepositNew Window utilizes a free mobile app and easily integrates with Desktop. In addition, you can:

  • Deposit checks into multiple accounts using a tablet or smartphone.
  • Deposit more than one check at a time.
  • Access detailed reports and audit trails.
  • Register multiple users with unique login credentials.

ACH ORIGINATION

With ACH Origination, commercial customers can create Automated Clearing House (ACH) transactions utilizing our Digital Banking software, World Wide Banker (WWB). By electronically crediting or debiting accounts at other banks, businesses can collect funds as a Direct Debit from their customers, pay employees by Direct Deposit, and process payments quickly with Same-Day ACH.

Other Cash Management services include the ability to set up recurring and future-dated wire transfers, alerts for email and phone number changes and pending approval for wires and ACH, and enhanced customer-defined summary and activity reporting. Positive Pay protects your business against fraud losses from forged, altered, or counterfeit checks.

With full administrative access, you’re able to add, change, or delete online access authority levels for multiple users as well as download the prior day’s account activity report.

To sign up for Cash Management services, contactNew Window The Bank of Elk River by calling 763.441.1000 or emailing Click to send an email[email protected]. Once we learn more about you, your business, and your business needs, we’ll be able to recommend the products and servicesNew Window that will help you run your business more efficiently.

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The Bank of Elk River Business Banking Online Banking Cash Management Mobile Banking Business Mobile Deposit Business Desktop Deposit ACH Origination

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Business Banking