Cash Management

Put Your Money to Work

These Highland Bank cash management services can help your business perform better than ever by increasing operating efficiencies and improving your ROI.

In combination with Online Banking and Mobile Banking services, you’ll find your money working harder than ever for you!

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Remote Deposit Services

Remote Deposit utilizes a desktop scanner that connects to your PC and the Internet.

Remote Deposit utilizes a desktop scanner that connects to your PC and the Internet. This compact device enables you to scan checks and submit deposits to your Highland Bank accounts from the comfort and convenience of your office.

  • Make electronic deposits anytime
  • Reduce trips to the bank and eliminate costly courier fees
  • Reduces staffing costs as electronic deposits take less time
  • Eliminate the fear of lost or stolen checks
  • The latest encryption technology ensures the security of your transmissions

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Automated Clearing House (ACH)

The Automated Clearing House (ACH) is an electronic payment system designed to serve depository financial institutions and their customers.

The Automated Clearing House (ACH) is an electronic payment system designed to serve depository financial institutions and their customers. ACH streamlines your payment process and eliminates the costs associated with check processing. It expedites payments, improves your cash flow, and benefits your employees or vendors.

Electronically pay employees wages for payroll or reimbursements, pay dividends to investors or pay vendor invoices. You can also collect payments such as fees, dues, or donations.

ACH transactions can be easily created using our Internet based product with the option of initiating the transactions manually or using a file download from the accounting software used by your company.

Advantages include:

  • Expedites payments
  • Improves your cash flow
  • Benefits your employees or vendors
  • Utilize custom security controls with multi-layered approval levels and employee access rights

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ACH Exception Management Processing

Eliminate risks associated with Corporate Account Takeover

Highland Banks ACH Exception Management Processing tool helps to protect you from becoming a victim of Corporate Account Takeover. Exception Management Processing allows for systematic comparison on every outgoing ACH credit entry against an “approved list” of payment recipients. If no exceptions are identified by the system all entries are processed accordingly. If an exception is identified that is not on the “approved list”, an out-of-band alert message is sent to the Originator. The Originator then has the option to approve the exception and add to the “approved list” or reject the entire ACH Credit File.

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Wire Transfers

Move funds between banks on the same day.

Move funds between banks on the same day. Originate wire transfers using Business Online Banking or by visiting one of our convenient locations.

We offer both domestic and foreign wire transfers. 

  • Secure and fast method of payment
  • Payments available in US dollars or foreign currencies
  • Utilize custom security controls with multi-layered approval levels and employee access rights

Online Bill Pay

Save time and money by paying bills online.

Save time and money by paying bills online. View and manage all your business’s monthly payments in one place.

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Merchant Credit Card Processing

Enjoy the convenience of being able to accept credit cards offered through the VISA, MasterCard, American Express or Discover networks.

Enjoy the convenience of being able to accept credit cards offered through the VISA, MasterCard, American Express or Discover networks.

Highland Bank has partnered with First Financial Merchant Services to offer the most advanced payment processing technology available for your merchant credit card payments. Together, 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.

Some benefits of Merchant Credit Card Processing include:

  • Ability to accept all major credit cards
  • Faster transaction processing time
  • Decreased processing and clerical costs

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Lockbox Services

Accelerate your accounts receivable collection process with the Lockbox service.

Accelerate your accounts receivable collection process with the Lockbox service. The Lockbox service provides a centralized collection point for the collection of your paper based payments. Clients mail their payments to your company via the Highland Bank designated Post Office Box.

The payments are picked up early in the morning, processed according to your instructions, and credited to your account that day. Deposit information is available through Highland Bank’s secure lockbox online portal.

Some benefits of a Highland Bank Lockbox include:

  • Decreased processing and clerical costs
  • Tailored to meet the needs of the company
  • Maximizes funds availability

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Financial Electronic Data Interchange (EDI)

Obtain the additional information contained within an ACH transaction clearing through your account.

Obtain the additional information contained within an ACH transaction clearing through  your account. This information can be an invoice number, discount information, client names, etc.

  • Simplifies your accounting process
  • Reduces the cost, time and errors associated with manual processing
  • An email is sent early in the morning, which will aid you in posting your receivables

Statement Archive

Improve productivity by requesting that your statements, check images and account information be sent to you monthly or annually.

Improve productivity by requesting that your statements, check images and account information be sent to you monthly or annually. Perfect for long-term storage, when you receive all of your paid check images, you save not only storage space, but also precious time as well.

  • Retrieve and review detailed images of your paid checks from your PC
  • Multiple mediums available for Statement Archiving

Sweeps

Optimize your available funds with these Sweep services

Business Overdraft Protection

Attach your existing line of credit to your business checking account for automatic advances, as needed.

  • Eliminates or reduces overdraft charges
  • Reduces the time and expense of monitoring daily cash flow

Optimize your available funds!

Loan Sweep

Advance and pay down a line of credit automatically as needed.

  • Eliminates or reduces overdraft charges
  • Reduces the time and expense of monitoring daily cash flow
  • Minimize interest expense
Savings Sweep
  • Earn interest on excess balances while keeping those funds liquid.
  • Eliminates or reduces overdraft charges
  • Reduces the time and expense of monitoring daily cash flow
  • Maximize interest earnings
REPO Investment Sweep

Earn interest on funds above a predetermined balance amount which are automatically moved into a high yielding secure investment instrument.

  • Reduces the time and expense of monitoring daily cash flow
  • Maximize interest earnings
Zero Balance Account (ZBA)

Increase cash resources while you reduce idle funds or excess balances and overdrafts. As checks clear the ZBA designated accounts at the bank, funds are automatically moved to cover the balances. When your business uses a number of accounts to segregate money, ZBA are the fastest, most cost effective way to manage  your account balances.

  • Reduces the time and expense of monitoring daily cash flow
  • Eliminates the need to manually transfer funds between accounts