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Cash Management

Howard Bank takes a Hands On approach to Cash Management services. We understand that how a business runs effectively has much to do with these services. We break our Cash Management services into 3 categories; Managing Collections, Managing Disbursements and Managing Account Activity. See below how these services may help your business succeed:

 

Managing Collections

  • ACH (pulling money in)
    ACH allows you to turn your receivables into working cash quickly and accurately while lowering collection costs. You can collect and concentrate cash between multiple accounts anywhere is the country.
  • Branch Deposits
    Use one of our conveniently located branches to conduct all your banking needs.
  • Credit Card Processing
    Give the convenience of paying with a credit card to your customers and receive the benefit of receiving funds faster (as quick as next day) by using Howard Bank's credit card processing*.
  • Lockbox
    Reduce mail, processing and check collection times by outsourcing your receivables to Howard Bank.
  • Remote Deposit
    Deposit checks electronically without leaving the comfort of your office.
  • Wire Transfer
    You can move money electronically by initiating a domestic wire to or from your accounts at any bank in the county for same day availability. You can also move money internationally anywhere in the world** for faster availability.

Managing Disbursements

  • ACH (pushing money out)
    Through this efficient and cost effective channel, you can disburse payments to:
    • Vendors
    • Employees (Payroll)
    • Treasury
  • Bill Payment
    Easily and quickly make payments through our Online Bill Pay 24 hours a day 7 days a week. With defined authority levels you have more control.
  • Positive Pay
    With Positive Pay, you can have increased control and accountability, while minimizing losses. You present Howard Bank with the expected payments you expect against your account, in return we provide you with those that don't match and you decision whether or not we make those payments.
  • Stop Payment & Check Image Retrieval
    Place a stop payment on a check or easily retrieve a check image 24 hours a day through our business online banking.
  • Wire Transfer Initiation
    You can move money electronically by initiating a domestic wire to or from your accounts at any bank in the county for same day availability. You can also move money internationally anywhere in the world* for faster availability.
  • Payment Cards
    For employees who do not have the ability to receive a direct deposit payment, Howard Bank's payroll cards are a great alternative. By offering payroll cards, every employee can receive direct deposit without needing a bank account.

 

Managing Account Activity

  • Online Banking
    Use Howard Bank's Business Online Banking to realize all the benefits of convenience, efficiency and safety available through online banking. 24 hours a day, 7 days a week access to your accounts is just a few clicks away.
  • Sweeps
    Put your money to work for you. Use a Howard Bank sweep account to "sweep" your money into an investment account that can earn you interest. Howard Bank offers sweep accounts into Repurchase (Repo) or Master Note accounts. We also offer sweeps into loans you may have with us.

 

*Howard Banks credit card processing services are offered through Terrapin Financial Services.
**Due to OFAC regulation, we are not permitted to send or receive monies to any countries where our government has financial sanctions in place.

 

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