Your day is already stressful enough…do you really have
to worry about making another trip to your local bank?
Today, technology is making it easier to run your
business. So why not use technology to make it easier to do
your business banking as well?
There are plenty of different "tech-y" things that you can do to
reduce the phone calls and the trips you make to your bank.
Here are a few suggestions:
- Business Online Banking- Many banks offer a
free version of business online banking. This will allow you
to view balances and activity. Often times, if you have
multiple accounts, it will allow you to transfer funds between
- Business Online Bill Pay- Why spend time
writing a check and money paying postage? You can use a bill
pay service offered within your online banking. It is as
simple as entering where you want a payment to go, select the date
for the payment to be made and the then bank will do the rest for
- Direct Deposit- Are you still writing paper
checks for payroll? Why not give your employees something
that will make both their lives and your life
easier?! Many banks offer what is known as ACH Payroll.
ACH Payroll allows you the ability to electronically offer direct
deposit of your employee payroll to each person's checking and/or
savings account. Worried that your business maybe too small
to offer such a service? Worry not! Many banks allow
you to use the service no matter the size of your staff.
- ACH Collections- Does your business collect
payments or fees from your current customer base? You may be
able to directly collect that money from the customer's bank
account making your accounts receivable easy and painless.
There is no wait for payment set-up each month by your
customer. A direct draft can be collected on the same date
every month. Prime candidates for this service are daycares,
gyms, churches and property management companies.
- Remote Deposit Capture- Are you tired of
driving to the bank to make check deposits? Or is your cash
flow suffering because you are not going to the bank often enough
to make deposits? A solution to your problems may be Remote
Deposit Capture. This solution puts a check scanner in your
place of business and allows you to electronically deposit checks
into your account. You scan the check with the scanner and it
goes directly into your business checking account. You never
have to leave the office!
- Merchant Processing- You've put it off long
enough. Customers have been asking if you take credit cards
and you've been avoiding the issue because you have always thought
the cost was too high. But now there are many affordable
solutions to credit card acceptance. Today very few people
carry cash or checks and if you do not accept credit cards, you are
missing out on business. The solutions available now are
numerous - from desktop terminals, internet based POS systems and
smart phone applications. There is an option for out there
for your business.
Many banks offer some or all of these solutions. And these
solutions are often times obtainable through a bank's Treasury
Management Department. If you are interested in any of these
services and would like to see what American Gateway Bank can do
for your business, please visit our website amgb.com or contact our
Treasury Management Department at 225.368.2542.