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Cash Management

When you want ideas and creative cash management solutions, Highland Bank can make a difference. Our services assist you in your daily operations and enable you to optimize the investing of available cash. Our products are designed to reduce your costs by accelerating collections and controlling disbursements. We want to help you with your daily cash management decision making to increase efficiencies that improve your returns.

Collection Services

Your goal is to accelerate the collection of your client's payments. Highland Bank has the necessary experience, innovation and technology to help you collect payments in a timely, efficient manner.

Automatic Payments or ACH Origination
Automatic Payments are made using the Automated Clearing House (ACH) as an efficient electronic payment system designed to collect and disperse payments in a predictable convenient manner. ACH Origination allows you to automatically collect payments such as monthly rent, membership dues or utility payments, directly from your clients' accounts. Automatic Payments can be easily created and managed by using our real-time Internet Banking service.

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Cash Concentration
Highland Bank's Cash Concentration service allows you to electronically move funds from various locations or subsidiary companies into one main operating account. Highland Bank's real-time Internet Banking service allows you to efficiently manage funds held in multiple financial institutions and maximize investment opportunities by reducing idle balances while increasing funds availability.

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Lockbox
Highland Bank's Lockbox service helps accelerate the accounts receivable collection process. Your clients mail their paper-based payments to your company via a St. Paul, MN, Post Office Box. We pick up these payments early in the morning, process them according to your instructions, and credit your account that day. Deposit information is available early in the day through our free real-time Internet Banking service. In addition, we can also send you the information necessary to update your accounts receivable system.

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Merchant Credit Card Processing
Highland Bank offers the most advanced payment processing technology available for your merchant credit card payments. We work with you to design an electronic payment system to match your business needs. Credit card processing is available by using a terminal, over the Internet or even through a wireless connection. Enjoy the convenience of being able to accept credit cards offered through the VISA, Mastercard, American Express or Discover networks.

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Disbursement Services

Effective cash management requires a strategic approach to handling payables and accessing innovative payment solutions. Our disbursement services will keep funds working on your behalf for as long as possible, while helping you control administrative costs.

Controlled Disbursements
Our controlled disbursement service informs you of the total amount of checks and electronic payments that will be clearing your account on any given business day. With this information you can determine whether you need to advance your line of credit or transfer funds from an investment vehicle in order to fund the posting transactions - which in turn, provides you with the ability to make effective cash management decisions.

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Direct Deposit or ACH Disbursement
By using direct deposit, your costs to process payroll, expense reimbursements and dividends can be reduced, security will be improved, and cash will be managed for utmost productivity. Benefits in offering direct deposit include a reduction in check processing, distribution and reconciliation; increased employee productivity and cash flow predictability.

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Positive Pay
Allows you to detect unauthorized checks by viewing check details and images before deciding which items to pay, return, or correct. Through our Internet Banking service, you send Highland Bank a file containing the checks you issued. We match your list of issued checks that are to be paid against your account and notify you of any differences.

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Wire Transfers
In addition to speed, when moving dollar amounts from bank to bank in the U.S. and abroad, Highland Bank's Wire Transfer service offers heightened security and impeccable accuracy. Send same-day and future-dated wire payments in US dollars or foreign currencies with real-time exchange rates. Create multiple wires and initiate them with just a single click using our free Internet Banking service or you may call the bank directly or send a fax. In addition, you can create templates to assist in sending recurring wire payments.

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ZBA (Zero Balance Account)
When your business uses a number of accounts to segregate money, zero balance accounts are the fastest, most cost effective way to monitor your account balances. As checks clear the ZBA designated accounts located at the bank, funds are automatically moved to cover the balances in the accounts. You can reduce idle balances in each of your accounts, increase cash resources and reduce overdrafts with Highland Bank's ZBA.

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Funds Management

Optimize your day-to-day cash management by taking advantage of one of the following products and services:

Savings Sweep
Designed for companies with idle or excess balances that wish to maximize interest earned. Your business can have all of its short-term funds managed automatically through a single account as funds in excess of a predetermined balance are moved into a high yielding savings instrument.

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Loan Sweep
The Loan Sweep is designed for companies with an operating line of credit who wish to minimize interest expense. With no dollar under-utilized, our sweep products produce optimum returns while eliminating the guess work of manual analysis.

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Commercial Overdraft Protection
Our Commercial Overdraft Protection attaches your existing operating line of credit to your commercial checking account for funding purposes. By using this product, you benefit because your line will advance automatically, with no need to call your account officer. Also, you will be notified when your line advances to help you monitor line usage. This product increases control, while saving the time and expense of manual analysis of daily cash flow.

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Additional Services

Fast, accurate information delivered when, where and how you specify is what you need to best manage your business.

Financial Electronic Data Interchange (EDI)
EDI is the computerized exchange of payments between your business and your clients and vendors. You can receive electronic payments along with the accompanying information you need to posting and tracking. The addenda information provided with electronic payments is in a standardized computer-readable format.

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Internet Banking for Business - View Demo or Enroll Now
Get access to your business' accounts 24 hours a day, 365 days a year, at your convenience! Our Internet Banking for Business allows multiple employees to access the system at the same time. Each employee will have access only to the information and functions they have been set up to use. Changes made simultaneously by other employees will appear each time your browser page is refreshed. Access your Highland Bank Account information, such as your current balance.

  • Access account information - checking, savings, loans, and CD's
  • Check real-time balances and summaries
  • Transfer funds between accounts at the bank
  • View and search account history
  • Reconcile accounts
  • Print statements
  • Request wires
  • Place stop payments
  • Download account history to popular finance software

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Online Bill Pay for Business

Paying your bills online is easy and saves time, postage, and effort! You can view and manage all your business's monthly payments in one place. Business Bill Pay also provides full security controls so only authorized personnel can approve payments.

  • View and manage payee list
  • Add or remove a payee at anytime
  • Schedule single and recurring payments
  • Manage Payments - includes an at-a-glance payment calendar
  • Security Controls - identify who is authorized to approve payments

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Paid Check Image Service via CD ROM
Eliminate the need to physically store and retrieve paper checks and simplify your check research - retrieve and review sharp, detailed images of your paid checks and deposit items from your PC. Receive all of your paid checks on CD-ROM for long-term storage after your account's statement cutoff. Increase your productivity with these efficient storage and retrieval tools.

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TeleBank 952-854-4884 (toll free 1-888-500-3005)
TeleBank allows you free, real-time access to your accounts 24 hours a day, 365 days a year. All you need is your Personal Identification Number (Personal ID) and your account numbers.

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For details on Highland Bank Cash Management services, please contact

Diane Fischer, Vice President Cash Management
Phone: (952) 858-4787
email: diane.fischer@highlandbanks.com