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ACH Collections and Disbursements
ACH collection is ideal for recurring payments such as membership
dues, lease or loan payments, utility payments or charitable
contributions. Mutual Bank Automated Clearing House (ACH) collection
is an efficient and cost effective method of collecting your
company's receivables.
ACH disbursement quickly and conveniently disburses your company's
payments electronically using the ACH system. ACH disbursement
is ideal for payroll and a variety of other kinds of payments
such as dividends, interest, expense reimbursement, insurance
claims and vendors.
Wire Transfers
Initiate wire transfers from the office. With Cash Management, it is
no longer necessary to be present in the bank to wire funds. No matter
where the money is going, send money quickly and easily with the wire
transfer option.
Stop Payment
Easily stop payment of a check or ACH without coming by the bank.
Provide us with the details of the check or ACH that needs to be stopped
and we will take care of the details.
EFTPS Tax Payment
Paying a variety of business-related taxes has never been easier thanks to
our EFTPS Tax Payment option. No more long, strenuous phone payments are
necessary if you qualify. Just enter all of your valid tax information
into the user-friendly template and send it over to us. We will do the rest!
CD-ROM Check Imaging
CD-ROM Check Imaging reduces storage requirements
and speeds up retrieval and research.
CD-ROM Check Imaging is useful for companies with multiple
accounts and high check volumes. It stores front and back
images of all canceled checks, along with the corresponding
monthly bank statement on a CD-ROM.
- Cancelled check images for multiple accounts or a single
account along with corresponding bank statements for the reconcilement
period are placed on a single CD-ROM.
- Bank statements and images of the front and back sides of
each check can be viewed from your personal computer or may
be sent to your printer for hard copy output.
- Special viewing software is not required, as it is inherent
on each CD-ROM. Query, viewing, printing and exporting features
make research, reconciliation, and retrieval tasks easy.
Zero Balance Accounts
Zero Balance Accounts (ZBAs) eliminate the need to manually
fund disbursement accounts with multiple transfers, and still
segregates different types of payments such as payroll, dividends,
and accounts payable:
- Disbursement accounts are linked to your main operating
account.
- A debit or credit balance accumulates in the ZBA on a
daily basis as checks and deposits are presented through
normal banking channels.
- At the close of business, a single debit or credit entry
is made to the ZBA, bringing each ZBA to zero.
- ZBA activity is reported clearly on your monthly bank
statements.
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