CASH MANAGEMENT SERVICES | COMMERCIAL
Let Monument Bank help make managing your business’s cash position easier. Take advantage of the many solutions we offer.
Monument Bank's Convenience Banking Solutions
Cash Management Services :: Commerical Online Banking :: Remote Deposit Services
- Commecial Online Banking
- Online Wire Transfer
- Live Wire Notification
- Automated Clearing House (ACH)
- Positive Pay
- Express Deposit
- Payment Processing
- Lockbox
- Business MasterCard® Debit Card
- Business Credit Card
Commercial Online Banking
Monument Bank’s Commercial Online Banking provides high-performance 24 hours a day 7 days a week account access to your funds. A fully customizable internet banking solution that offers cash management services to businesses of any size.
Online Wire Transfer
Initiate same day transfer of funds utilizing the Funds Transfer feature of Commercial Online Banking. Both Domestic and International Wire Transfer services can be established.
Live Wire Notification
Live Wire Notification provides up-to-the-minute notification of incoming or outgoing wire transfer funds.
Receive email, phone or pager notification at one or more address whenever new wire activity has occurred. The updating of these records happens automatically, allowing notification to occur even outside of normal banking hours.
In addition to immediate notification, detailed wire information is available via secure web site. Users with established access can log into the Live Wire Notification Service using a bank established user id and password to obtain the specifics of a wire transfer. Details include, time of the transaction, Federal Reserve identification number, and beneficiary information.
The product is available to both commercial and retail customers.
Automated Clearing House (ACH)
Automated Clearing House (ACH) is an electronic payment delivery system that allows you to make payments or collect funds through the ACH network. Take advantage of ACH for payroll, federal and state tax payments, and business to business payments.
Positive Pay
Minimize the potential for fraudulent account activity with Positive Pay. Positive Pay is an automated check matching program that allows you to monitor checks processed for payment against your account and reject unauthorized transactions before losses occur. Positive Pay complements other internal security measures to protect against unauthorized checks being paid.
Through Commercial Online Banking, you simply transmit issue data when your company issues checks. When items are presented for payment, our matching and validation process allows us to quickly identify checks that are inconsistent with the data provided. Digitized images of exception items are provided online to enhance your pay/return decision-making. Review suspicious items efficiently and make timely payment decisions.
Express Deposit. The ultimate in Convenience Banking.
Deposit checks without leaving the office. Eliminate the need, time and expense of going to the bank. Benefit from extended banking hours. Using a PC, Internet connection and a desktop scanner easily submit checks for deposit.
Express Deposit consolidates accounts, reduces deposit errors, and eliminates trips to the bank. It’s a web-based application that processes a company’s check deposit using a small desktop scanner located right at the business office. The device captures images of the checks, then through an automated decision making process determines eligibility, and either converts and processes eligible items electronically (via ARC) and/or via a check image (Check 21 IRD). The electronic file is automatically transmitted and the deposit is received at Monument Bank without a company employee ever leaving the office.
Payment Processing
Monument Bank can help facilitate a variety of sources for payment processing virtually anywhere and any way your customers want to pay. We offer innovative solutions that help reduce costs and provide access to solutions that work well with how you conduct your business. Services include credit card acceptance, including wireless solutions, debit payment solutions, prepaid gift cards, electronic check processing, and internet payment services.
Lockbox
Lockbox is a payment processing service whereby receivables are mailed directly to a Monument Bank post office box. The Bank processes and deposits the receipts, and provides same day reporting back to the company. Choose the lockbox service that meets your receivable needs.
Business MasterCard® Debit Card
Use a debit card to make purchases wherever MasterCard® is accepted. Access account funds and balance information at ATM’s worldwide.
Business Credit Card
Choose Visa® or MasterCard® rewards or no rewards. Monument Bank offers a variety of solutions to meet the needs specific to your business.
Repurchase Sweep Account please refer to our Commercial Investment Account Services page for information on this non-FDIC insured product.
