In the current environment of check fraud, Positive Pay is a powerful tool to prevent unauthorized checks from posting to your accounts. With Positive Pay you send us a file containing check number, dollar amount and date issued via AllianceDirect. When checks are presented for payment, we match the check(s) against the issue file and inform you of any discrepancies. You will decide and inform us as to the disposition. We will honor and pay check(s), provided funds are available, or return the check(s) to the bank of deposit.
Yet another powerful tool against the fight to protect your business accounts against account fraud and unauthorized electronic activity is ACH Fraud Filter services. All debit ACH transactions are blocked from posting to selected accounts. You authorize payment for legitimate transactions.
Alliance Bank offers business clients AllianceDirect, our corporate online balance and transaction reporting system featuring:
Through our AllianceDirect On-Line Cash Management product, Alliance Bank offers electronic capabilities for sending outgoing domestic and international wire transfers. In addition, Alliance Bank also offers foreign currency wire services in most foreign currencies.
Alliance Bank offers business clients the ability to make electronic payments for payroll purposes or other credit payments, and to receive payments through the Automated Clearing House (ACH) network. ACH credit or debit files can be submitted using AllianceDirect, our corporate online system. This is a convenient, easy to use, cost-savings method of both making and receiving electronic payments using the ACH network.
When Alliance Bank receives an incoming wire for your benefit, we will notify you via fax or email communication upon receipt of funds. The same notification service is available for outgoing wire transfers as well.
Alliance Bank recognizes the importance of informing you in a timely manner when your customers’ checks are dishonored for whatever reason. Alliance Bank will notify you anytime checks are returned unpaid. You may give us standing instructions as to the disposition of these items, or we will handle returned deposited items on a case-by-case basis.
Through Alliance Bank’s ZBA accounts, business clients can aggregate selected accounts for simple consolidation of balances. Each subsidiary account can accept credits (deposits) and debits (checks) and transfer daily to the main concentration account. Each subsidiary account may be set at a predetermined balance. All accounts will receive separate monthly statements.
Deposit Sweeps
Excess deposit account balances may be swept daily or after a predetermined balance peg to a Money Market account. This can maximize earnings from Alliance Bank’s competitive Money Market rates.
Loan Sweeps
Excess deposit balances may be swept nightly to your loan account(s),
and conversely, available loan funds can be swept back to a checking account, if funds are need in the
associated checking account.
Through our strategic partner Alliance Bank offers convenient, comprehensive merchant bankcard processing of all major credit cards, end-to-end electronic payment processing solutions customized to meet your business needs.
Alliance Bank offers several convenient options to make deposits:
To facilitate making deposits into your Alliance Bank accounts, we offers Alliance Remote Deposit, our Remote Capture Deposit Services. Alliance Remote Deposit features the convenience of making deposits electronically from your desktop using a check scanner. Save time in preparing deposits and going to the Bank, and reduce courier fees.
Alliance Bank’s Lockbox Services automates the collection of receipts; improves float and eliminates time spent in preparing deposits for banking. Your staff can spend time handling other important matters in your business or accounting office.
Collection payments are sent to a specified post office box. Daily receipts are picked up at the post office and delivered to our lockbox processor. Deposits are credited to your account at Alliance Bank the same date of receipt. Daily deposits and any correspondence received are scanned. Images of checks, correspondence and reports are available online for viewing and downloading by 1:00 PM. Custom reports and electronic file delivery can be provided to meet your accounting needs. Monthly account activity can also be provided on CD-ROM.
Changing financial institution is tedious and time consuming. That is why Alliance Bank has developed a “Switch Kit” for business clients. We assist you with every detail to make your “switch” as smooth and painless as possible. Your Relationship Manager, Customer Service Manager and our Cash Management Division will work with you to handle and track: