Cash Management is an Internet Banking product offered to our business customers.
This product provides a full suite of ACH features including both debit and credit transactions from their account(s) using specific SEC codes supported by NACHA. Customers have the ability to process the following items:
- direct deposit of an employee’s payroll
- direct debit of recurring payments, such as dues or fees
- collection of funds from multiple accounts at other financial institutions
There are two different options available to setup employees as users within your Cash Management. One option would be to use the “view only” setup. This allows multiple users to access your accounts, such as your accountant or bookkeeper, and they can sign into the account and update or keep track of your accounts. Another option available is “full access”.
This includes being able to view and balance your accounts, as well as making ACH entries for the company. With this option you are able to save your information for entries occurring.The Cash Management program stores your banking information, so you will only need to change the dollar amount and payment date thereafter. Cash Management can help you keep your account(s) up-to-date and organized in one centralized location.
This includes being able to view and balance your accounts, as well as making ACH entries for the company. With this option you are able to save your information for entries occurring.The Cash Management program stores your banking information, so you will only need to change the dollar amount and payment date thereafter. Cash Management can help you keep your account(s) up-to-date and organized in one centralized location.
If you are interested in getting your business set up with Cash Management, please contact a HomeTown Bank customer service representative today!
