Cash Management Services
American Bank provides customized solutions to small business and
commercial clients through our wide variety of Cash Management Services.
These products and services, tied to a commercial checking or savings
account, can increase your business’s operational efficiency, reduce
your risk, accelerate the availability of your funds and improve
business relationships with clients.
They are exceptional resources, supplying the information and options
you need for decision making.
For more information about Cash Management Services at American Bank
AVP, Cash Management Sales
American Bank’s Automatic Clearing House (ACH) is a secure network used
to connect banks to each other. ACH
offers your business an efficient alternative payment method to writing,
collecting and processing paper checks.
Businesses rely on ACH to process direct deposits, electronic payments,
certain transfers and debit card payments. Whether you are looking to
reduce administrative and operating expenses, accelerate availability of
funds or improve business relationships with customers, ACH is right for
American Connection enables you to easily make your deposits
electronically from any of your business locations
without leaving your office. Whether your business has multiple
locations, makes deposits after normal banking hours, pays
transportation costs to deliver deposits to the bank or receives checks
with large dollar amounts, American Connection is right for you. It’s
like having a 24 hour bank teller right at your desk. Utilizing a
desktop scanner connected to your computer and the Internet, you can
scan checks received from your customers and send deposits
electronically to the bank. To learn more and view a demo,
Commercial Internet Banking System
American Bank’s Internet Banking System delivers all the features you
need to manage your business’s finances, including balance information,
bill payment, ACH and wire transfers in a secure and convenient manner.
With our Internet Banking System, all of your transactions and finances
are at your fingertips - in or out of the office. To learn more or view
a demo, click here.
Domestic Wire Service
American Bank’s Domestic Wire Service helps you move money quickly.
Whether you are paying for manufactured goods, paying a vendor or
purchasing equipment, American Bank can help you send money to accounts
at other U.S. financial institutions in a secure and timely manner.
Foreign Exchange Services –
Whether you are planning a business trip, or paying for foreign
manufactured goods or services, American Bank clients now have the
opportunity to send more than 90 foreign currencies in international
wires. Your total fees are lowered because we eliminate intermediary
international banks allowing you to take advantage of our competitive
rates. You can rest assured knowing the exact foreign amount and the
exact U.S. dollar amount at the time the wire is initiated and that it
will be delivered in a quick, timely and secure manner.
Line of Credit Sweep
With American Bank’s line of credit sweep, your company’s money is
automatically transferred to where it benefits you the most. The sweep
will either pay down your line of credit or replenish your checking
account. This service is a convenient way to manage cash flow enabling
you to disburse funds in a way that works best for your company. Sweeps
are an excellent way to manage your company’s money automatically,
eliminating the need to manually initiate internal account transfers,
and reducing excess idle balances.
With American Bank’s lockbox service, your incoming payments go directly
to a post office box. We handle the entire remittance process, from
opening the mail to sending you the information you need to update your
receivables, eliminating your need for in-house remittance processing.
We pick up these payments in the morning, process them according to your
instructions, and credit your account that day. Deposit information is
available for your review on the same day.
Merchant Card Services
Accepting credit card payments is a very important part of most business
operations. Through our partnership with Bankcard Associates, a local
company with over 20 years of payment processing experience, we’ll help
you get started or give you a price comparison on your existing
processing costs and work to ensure your credit card processes go
smoothly. To visit Bankcard Associates website and receive a free quote
or price comparison, click here.
We understand the importance of a properly
managed payroll. We partner with Payroll Control Systems (PCS), a
leading provider of payroll, payroll tax and human resource solutions in
the upper Midwest. Through this partnership with PCS, you will
experience a smooth transition from your current system and receive
professional, personalized customer service.
American Bank’s Positive Pay service is a beneficial and efficient
web-based service to help businesses combat check fraud. Using our
Commercial Internet Banking System, you send us your issued check file,
an electronic list of all the checks you issue. Our Positive Pay service
verifies checks received for payment against the check issued files.
Only those checks that match the list will be paid. Items that do not
match, and all ACH debit entries, will be considered exceptions.
Positive Pay allows you to see an online image of the checks in question
and a list of the ACH debit entries presented for payment. You then
determine whether you would like to have the item paid or have them
returned as fraudulent items.
Business Debit Cards
American Bank offers a business debit card with no annual fee. All
purchases are automatically withdrawn from your checking account, and no
interest is charged.
Zero Balance Account Sweep
This type of account sweep includes a Master Zero Balance Account and
one or more checking Zero Balance Accounts (ZBA) i.e. payroll,
disbursement, lockbox, etc. This service is a convenient way to manage
cash flow and provides for the efficient disbursement of funds in a way
that works best for your company. Sweeps are an excellent way to manage
your company’s money automatically, eliminating the need to manually
initiate internal account transfers, and reducing excess idle balances.