Full-Service Business Funds Management at Your Disposal!
We provide businesses with the information and technology to view, track, and manage their day-to-day cash position. You can opt in for one or all of these services at any time when you have a Business Checking Account at Heartland Bank. Just speak with your Treasury Management Services team member today.
Give them a call at (309) 662-4444 or (888) 897-2276
Commercial Account Manager (CAM)
Streamline banking transactions with high security standards! CAM gives online access to business accounts with added layers of security. Using a personal ID, password, and secure token (pictured), CAM verifies each user’s identity before account access is granted and allows monitoring of individual user activity. Viewing, reporting, and transacting privileges can be as limited or encompassing as necessary.
Transaction options include:
- Account status review
- Balance alerts
- Payment reconciliation
- Stop payments
- Domestic wire transfers
- ACH Direct Deposit/Direct Debit administration
- Bill pay
Electronic Data Interchange Reporting
Automated Clearing House (ACH) payments that come into your account may come with addenda information attached to it, such as invoice numbers, account numbers, or special instructions. Using Heartland Bank’s Electronic Data Interchange (EDI) service, you will receive the remittance detail, allowing you to post your incoming payments quicker – saving you time and money!
Paid/Deposit Reconciliation Services
Reconciling a business account can take hours. Instead, save time when balancing your checking account with our Account Reconcilement Services. We can perform a full reconciliation for you or provide you with a report of checks paid or a listing of deposits by store or office location.
As a business checking or savings account customer at Heartland Bank, you have the option of receiving your monthly statement on a CD. The CD contains easy-to-use software that allows you to:
- View, print, and save digital images of your checks, front and back.
- Copy your statement into another software program, such as Microsoft Word or Excel.
- Sort items by values, check numbers, or dates.
- Search for items by values, check numbers, or dates.
Sign up by filling out and returning the Statement on CD Request Form.
Fraud prevention services from Heartland Bank provide businesses increased control over the safety and protection of their company’s personal accounts and information. These services save time by preventing the lengthy process of fixing fraudulent charges. Most importantly, they give you peace of mind knowing you can conduct business without fear of fraud. Discover all the ways Heartland Bank protects your investment.
With the sophistication of today’s computers, printers, and scanner technology, it has become easier for counterfeit checks to be created. Adding Positive Pay to your business checking account can assist you in preventing check fraud by:
- Catching a duplicate item before it can clear your account.
- Discovering a dollar amount does not match the issued amount.
Using our Positive Pay service, your company electronically shares its check register of all written checks with Heartland Bank. The bank will only pay checks listed in that register, with exactly the same specifications as listed in the register (amount, payee, serial number, etc.). If an item presented does not match, it will be considered a “suspect” item. You will then be given the opportunity to review any suspect items and make either a “pay” or “no pay” decision.
With our ACH Block service, you can place an all-debit block on accounts that should have no ACH activity. After a simple one-time setup, this service is automatic – saving you valuable time!
For accounts that require taxes, payroll, or other preauthorized debits coming out, our ACH Filter service automatically filters out unwanted ACH transactions and accepts only authorized ACH debits designated by you in advance. If a debit is not on the authorized list you provide, we will notify you so you can decide to accept that debit or refuse it.
Heartland Bank’s Sweep Account takes excess funds from your Business Checking account and ‘sweeps’ – or transfers – it into an interest-earning Investment Sweep Account. With the Sweep Account, you’re putting your money to work for you! You’ll also be able to transfer funds into your Business Checking Account as needed. There are several Sweep Accounts available at Heartland Bank:
This is our basic Sweep Account at Heartland Bank – yet it offers maximized earning potential on your idle funds. It’s simple: Once you hit the account cap, the extra money is transferred automatically into the Investment Sweep. If you’re not a Business Checking Account holder now, visit one of our convenient locations to get started!
Funds Management Sweep
If you have a line of credit (LOC), you can reduce your interest expenses by automatically transferring the excess money from your checking account to make a payment (special requirement may apply based on loan covenants). With this Sweep Account you can also:
- Set it and forget it with Auto Pay recurring automatic payments towards your line of credit.
- Set up Auto Borrow/Auto Pay for easy continuation of your line of credit.
Zero Balance Account
Consolidate balances from multiple checking accounts into one main account. A Zero Balance Account can be used as a disbursement account to issue checks, ACHs, or wire transfers. They can also be used as a deposit only account. Works well with an investment sweep or a loan sweep to increase interest income or decrease interest expense.
At Heartland Bank, we provide all of the right tools to help you manage your day-to-day business operations. One such tool is Business Account Analysis. If you have multiple accounts, or one account with a high volume of transactions, you may benefit from Account Analysis! Here are just a few of the services offered through Account Analysis:
- Calculates and reports your monthly activity charges to help you better manage your Treasury Management relationship.
- Offers a monthly statement that summarizes monthly account balance and activity information.
- Provides statements electronically through our Online Banking service.
- Provides monthly eStatements for less paperwork.
- Receive your statements faster. No waiting for mailed statements!
To learn more about our Management Services, visit any of our convenient locations, or call our Treasury Management Services team today.
Treasury Management Services:
(309) 662-4444 or (888) 897-2276
*This e-mail link is for general inquiries only. It is not secure e-mail. For your protection, please do not include confidential or sensitive information such as social security numbers, account numbers, etc. when using this e-mail link. Please note: secure e-mail is provided on the menu bar within your Heartland Bank Online.