Treasury Management

Access online banking and financial reporting securely, on your terms.

Benefits of Online Banking

• Administrative features and controls - control who has access to your accounts, which accounts they can access, what functions they can perform, as well as what dollar limits, they have.
• View balances, transactions, checks, statements, place stop payments, and initiate funds transfer - detail can be sorted by date, amount, check number, debits, and credits.
• Download transactions from Online Banking into commonly used accounting software.
• View monthly statements in PDF, HTML, or TEXT format.
• Stop Payments can be made on a specific item (date, check number, and dollar amount), on a check range, or by dollar amount range.
• Funds transfers can be set-up between Banner Bank accounts for one-time, weekly, bi-weekly, semi-monthly, or monthly frequencies.
• Images of each check (front and back) are available the day after checks are paid against a client's account.

Resources

To review Banner Bank’s online banking platform, watch the Commercial Online Overview demonstration.

Secure your payment processing.

ACH Origination

(ACH) Automated Clearing House is a nationwide system that processes electronic payments on behalf of depository financial institutions.

Benefits of ACH Originations

• Create and transmit ACH files online from anywhere.
• Use for Accounts Receivable and Accounts Payable.
• Control the timing of payments to increase cash flow.
• Eliminate the costs of preparing, mailing, and reconciling paper checks.
• Employees receive their payroll with deposits made directly to their bank.
• Pay federal and state tax payments electronically.

Domestic Online Wire Transfers
Business clients can transfer funds safely and securely using the wire transfer service in Banner's Business Online Banking. Online wire transfers give clients the power to move money quickly, conveniently, and securely. 

Benefits of Domestic Wire Transfers

• Clients can setup wire templates for frequently performed wires saving time and increasing accuracy.
• Wires are memo posted to the account when processed ensuring "good funds."  If funds are not available, the wire will reject and will not be processed.
• Wires can be scheduled as recurring or future-dated transactions. 
• Wire history is readily available for verification of wire transactions.
• Wire security is enhanced by requiring token authentication at the approval/release of all wires. For added security, clients can require their users to process wires using dual control. 
• Online wire transfers offer business client’s flexibility, control, security and accessibility at an affordable price. 

Direct Payables for ACH and Wires

Direct Payables allows clients to transmit ACH or wire files to Banner Bank through our Bank SFTP server, and process in the same manner using transaction limits and user permissions to safeguard ACH and wire origination.

International Foreign Currency Wires
Business clients engaged in the importing of goods or services will often find benefit in sending international wires in the destination currency.  For example, a client doing business with a company in Europe benefits by sending payment in Euros rather than US dollars. 

Banner offers this service through an application in Business Online Banking. Requests for international payments can be complex so it is advised that client inquiries be referred directly to the Treasury Management Consultant.

Benefits of International Foreign Currency Wires

• Clients have the option of sending funds in U.S. or foreign currency.
• Ability to send multiple wires in a single transaction. 

Resources

• Learn how to Create an ACH Template. 
• Learn how to Create a Domestic Wire Payment. 

Optimize cash flow with simplified receivables processing.

Remote Deposit
Remote Deposit is a web-based, image capture, storage, and processing solution that enables commercial merchant clients the ability to deposit paper checks electronically into the company's checking account.

Benefits of Remote Deposit 

• Deposits can be made anywhere you can connect to the internet.   
• Safe, secure, and time-saving option for businesses to process their deposits, helping to improve the efficiency and profitability of their company.
• Avoid the time loss and security risk involved when sending an employee to the bank.
• Long-term availability of all deposited images from the client's own online access.
• Allows you to capture single or multiple checks at one time.
• Optional ability to connect to our Bank SFTP server to pull daily files and reports.

Direct Send for Remote Deposit X9 Files

Connect to our Bank’s SFTP server and send your Remote Deposit X9 files throughout the day for processing. The setup is fast and easy and our knowledgeable support teams are here to assist you with your Direct Send for Remote Deposit needs.

Merchant Services

Merchant card services make it easy to accept credit and debit payments at physical or online retail locations. Learn more about Merchant Services. 

Cash Vault
Cash Vaults are designed for businesses and other entities with a need to make frequent deposits of large amounts of currency and/or coin, cash vault services provide our business clients with security, convenience, accuracy, streamlined deposit delivery, and the peace of mind that their employees are not endangered by transporting large amounts of cash to and from branches. 

Benefits of Cash Vault

• Clients contract directly with armored couriers to have their deposits picked-up and taken to a Banner cash vault location for processing.  Banner currently contracts with Loomis for cash vault serves; we do not maintain our own cash vaults.
• Treasury Management will coordinate the delivery of deposits with an armored courier service of the client's choosing but does not facilitate the contract between the two parties.  Examples of commonly used armored couriers are Brinks, Garda and Loomis.
• Deposits are processed securely, reliably, and promptly at the cash vault; deposit data is then transmitted to Banner for account crediting.
• Flexible online access allows clients to track deposits, and order currency and coin for delivery to their location(s) via their armored courier service.
  
  

Lockbox

A Lockbox service (also referred to as "remittance processing") allows a method of accepting and processing payments for clients. When payments are received, the Lockbox service opens envelopes, extracts checks and invoices, prepares the deposit to the client's account, and forwards copies of checks and original invoices to the client.

Benefits of Lockbox

• Faster depositing and clearing of checks.
• Reduced float.
• Forwarding of invoices/billing.
• Frees up employee time for other business activities

FedNow

FedNow is the Federal Reserve’s new instant payment service that enables customers at participating banks and credit unions of every size to send and/or receive money within seconds 24 hours a day, every day of the year. Banner Bank can now receive FedNow payments, so if a government agency or business chooses to send you a payment through FedNow, we can receive it and deposit into your account. We cannot currently send FedNow payments, but we are exploring the possibility of adding that functionality at a later date.

Resources

• Learn how to Make a Remote Deposit in these step-by-step demonstrations.

Optimize staff workflows with customizable reporting.

Previous and Current Day Reporting

Previous Day Reporting includes ACH activity and ACH online originations, balance and activity statements, cash position, checks paid, company entitlements, company transactions, wire activity and wire online originations, and user activity. 

Current Day Reporting includes ACH activity, balance and activity statements, and user defined transaction detail for user-selected transaction types. 

Benefits of Previous and Current Day Reporting

• Import the files into your accounting software for daily reconciliation purposes.
• Effectively minimize idle cash balances, assure appropriate liquidity, take advantage of investment opportunities, or reduce borrowings, and analyze and project funding needs.

Incoming Wire Reporting

All incoming wire transactions are displayed in one central location within Online Banking.