Elevate your Business Operations with BankIowa's Cash Management System
At BankIowa, the term Cash Management (formerly known as Treasury Management) refers to the day-to-day administration of managing cash inflows and outflows. BankIowa's Cash Management System is a secure and user-friendly solution designed to streamline your payment processes, enhance your efficiency, and keep you well-informed. Our solution integrates your business with online banking, providing you with greater control of your cash flows and accessibility. Our cash management solution is customizable, as each business is different and may require a different suite of options and services. The ultimate goal of cash management is to maximize your liquidity and minimize the cost of funds, leading to growth for your company. You can email our Cash Management team to get started.
Manage Deposits, Loans, and Lines of Credit
With secure online or mobile access, you can manage your business account 24/7 using digital tools designed to manage common business financial tasks easily.
Our online and mobile banking tools offer powerful business banking convenience features:
- Comprehensive Account Management: Access your account, loan balances, and history anytime, anywhere.
- Customized Access for Your Team: Set up multiple users with defined roles and permissions, tailored to your business structure.
- Effortless Money Management: Easily transfer funds, make loan payments, and advance on your credit line.
- Seamless Integration: Export account history directly to your accounting software or spreadsheets.
- Detailed Transaction Records: Access, download, and search through bank statements, check images, and over 12 months of transaction history.
Manage Payables and Receivables
Processing payables and receivables is an everyday business need. Our comprehensive services are structured to streamline your financial operations:
- Direct Deposit Payroll: Streamline employee payments with our direct deposit service.*
- ACH Payments: Simplify vendor payments with efficient ACH transactions.*
- Electronic ACH Receipts: Collect payments from customers swiftly and securely.*
- Wire Transfers: Conduct fast and secure wire transfers as needed.*
- Convenient Bill Pay: Manage your bills efficiently with our easy-to-use Bill Pay feature.
- Robust Security Features: Benefit from built-in security measures, along with optional alerts and dual authorization for added protection.
- Merchant Processing: This service allows you to accept payment from customers using credit / debit cards. Accepting credit cards can bring more traffic, higher than average sales and better customer service. BankIowa partners with processors to assist in implementing this tool.
- Sweep Services*: If you wish to maximize use of your cash balances, explore the possibilities of our Sweep Services. You may automatically sweep funds between your interest-bearing investments, business checking account, and line of credit.
- Remote Deposit Capture*: Electronically send check images 24/7 to BankIowa with a provided scanner to get check deposits to the bank faster without having to come to the bank. Our RDC service can improve cash flow – the quicker your deposits are processed, the quicker you have access to cash. RDC also allows you to consolidate accounts at one bank – deposits can be consolidated at BankIowa regardless of where your business sites are located.
BankIowa's Business Online Banking is more than just a platform; it's a comprehensive solution designed to enhance the way you handle your business finances, saving you time and ensuring maximum security.
Sweep Services
If you wish to maximize use of your cash balances, explore the possibilities of our Sweep Services. You may automatically sweep funds between your interest bearing investments, business checking accounts and line of credit.^
^Transaction fees may apply and if applicable will be included in the monthly service charge calculation. Our earnings credit may offset the monthly service charge. For additional details, contact your business banker.
Note: Access ACH Rules Online at: www.achrulesonline.org. This site is not owned or operated by BankIowa.
To learn more about Cash Management and Online Services please email CashManagement@BankIowa.com
Positive Pay
BankIowa recommends Positive Pay, an added security process that helps reduce fraud by validating checks presented to your business account. Positive Pay automatically matches the items against your issued check* to detect items such as:
- Checks with an altered amount, check number and/or payee
- Duplicate serial numbers
- Voided checks
- Stale dated checks
- Encoding errors
*Positive Pay does not verify funds availability (i.e., account balances) when processing checks.
Click here to learn more about Positive Pay.
Ready to Revolutionize Your Payment Processes?
Explore the full potential of BankIowa's Business Online Banking and take a significant step towards smarter financial management for your business.
*Certain features and services may require enrollment and/or fees. Transaction fees may apply and if applicable will be included in the monthly service charge calculation. Our earnings credit may offset the monthly service charge. For additional details, contact your business banker or a Cash Management representative. Note: Access ACH Rules Online at: www.achrulesonline.org (this site is not owned or operated by BankIowa).
Clayton Dietz
Cash Management Officer
Divisions: Business Banking, Cash Management
Location: Cedar Rapids SW
Phone: (319) 249-7084
Keegan Crawford
Cash Management Officer
Divisions: Business Banking, Cash Management
Location: Waterloo Kimball
Phone: (319) 888-7012