Cash Management and Merchant Services
At Timberland Bank, our customers are the cornerstone of the way we do business. Our Cash Management and Merchant Services products are designed to maximize the cash your business generates while providing you with the important reporting tools you need to manage a successful business. They can be used individually or in combination.
Cash Management Solutions for Your Business
Explore our selection of Cash Management products and services below. When you're ready, our experienced Cash Management Specialists are standing by and ready to help your business succeed.
Online BankingMonitor cash flow with 24/7 secure account access.
Online, real-time account management gives you greater control and access. Online Banking for Business uses advanced Internet security algorithms to guard the privacy of your company's information and transactions. Through Online Banking for Business, you will be able to:
- Review complete account and loan information online 24/7
- Electronically originate funds to be received or sent to another institution (ACH)
- Move funds between accounts
- Customize security access for multiple end users
- Initiate wire transfers
- Pay bills more efficiently
Remote DepositStreamline the check deposit process.
If you already benefit from Remote Deposit, you may access your account here.
Remote Deposit is an innovative business tool that brings the bank to your location to streamline the check deposit process and improve cash flow. This valuable product will allow you the ability to scan and submit check deposits from your business office. In addition, remote deposit allows you to:
- Prepare and submit deposits from your business when it's convenient for you
- Review balance deposit for accuracy
- Store images for easy retrieval
- Allow for a later deposit time. Make deposits until 6:00 PM., Monday - Friday
- Minimize fraud by depositing checks fast
- Begin the collection process sooner
- Speed up the availability of funds and increase working cash
- Add efficiency
- Eliminate the cost and liability of regular trips to the bank
Merchant ServicesWe have payment processing solutions for your business!
No matter your business size, we have the Merchant Services solutions you need to optimize your payment processing:
- Accept Credit and debit cards to help you improve cash flow, minimize your collection risk, protect cardholder data and better serve your customers
- Electronic Gift and Pre-Paid Cards to help increase revenue and attract new customers
- ProcessNow Mobile app for on-the-go and mobile payment processing
Automated Clearing House (ACH) TransactionsSave time by sending and receiving payments electronically.
Through Online Banking for Business, you can send electronic payments to your employees and vendors. This will not only save you time, but it will also eliminate the cost of printing and distributing checks, reducing the uncertainty and potential for fraud or delays associated with mailing payments.
Expedite your collections and build stronger cash flow by initiating electronic debits to your customer. In addition, you will be able to:
- Send and receive payments electronically
- Reduce costs and fraud associated with lost or stolen checks
- Increase your control and security by customizing authorization to individuals who may perform such a function
- Save time for yourself and employees by reducing trips to the bank
- Review detailed reports of the transactions originated
Positive Pay and ACH Fraud ProtectionThis fraud detection tool matches both ACH debits and checks.
With Positive Pay and ACH Fraud Protection, you can match both ACH debits and checks. Here's how it works:
- Checks are matched by check number and dollar amount of each check presented for payment against a list of checks that you previously authorized.
- With the exception of the ACH debits that you specifically pre-authorize, all ACH debits will automatically be stopped from posting to accounts. The system will then put all potential fraudulent items in a "Review Status" for you to review and make a pay or return decision.
Sweep AccountsEarn higher rates on your everyday cash.
Business Sweep Accounts work along with your Business Checking Account. Through this convenient option, a pre-determined minimum balance will be set for your Business Checking Account. Any funds above this minimum balance will be "swept" into a Business Money Market Checking Account where they will earn competitive interest rates.
You may also sweep excess funds to pay down a business line of credit, decreasing the amount of interest owed.
With a Business Sweep Account, you will:
- Increase control over idle bank balances
- Experience the convenience of one account for checking and investing
- Enjoy funds that remain liquid
- Rest easy knowing that we are monitoring your account daily and automatically investing excess collected daily!
Additional Payment Processing Solutions
In addition to our Cash Management products above, our selection of Merchant Services will allow you to optimize your payment processing systems. This will help free up your time to better serve your customers.