Account Services & Cash Management

An ACH (Automated Clearing House) payment is an electronic transfer of funds between bank accounts. Businesses commonly use ACH to pay employees through direct deposit, pay vendors, collect customer payments, and process recurring transactions. It offers a convenient alternative to writing and mailing paper checks.

In many cases, yes. ACH payments reduce the risk of lost, stolen, or altered paper checks and provide an electronic record of each transaction. Like any payment method, ACH should be paired with strong security practices, such as user permissions, account monitoring, and fraud prevention tools, to help protect your business.

Most ACH payments are processed within one to three business days, although some transactions may be completed the same business day, depending on when they're submitted and the type of ACH service being used. Processing times can vary based on weekends, holidays, and cut-off times.

Remote Deposit Capture (RDC) allows your business to deposit checks electronically without visiting a branch. Using a secure scanner or compatible mobile device, you simply scan eligible checks, submit them through the system, and transmit the deposit securely to the bank for processing.

Deposit limits may vary depending on your Remote Deposit Capture service and your business relationship with the bank. Our Cash Management team can help determine the limits that apply to your account and recommend a solution that fits your business's needs.

Funds from Remote Deposit Capture are typically available according to our Funds Availability Policy and may depend on the time your deposit is submitted, the type of check, and other factors. Deposits received before the daily cut-off time are generally processed the same business day. Our team can explain the availability schedule for your account.

Positive Pay helps detect check fraud by comparing the checks presented for payment against the checks your business has issued. If a check doesn't match the information on file—such as the check number, amount, or payee—it is flagged for review before it's paid, giving you greater control over your account.

Yes. While regularly reviewing your account is an important part of fraud prevention, Positive Pay helps identify suspicious checks before they clear your account. Together, proactive monitoring and fraud prevention tools provide stronger protection for your business.

A sweep account automatically moves excess funds from your business checking account into a designated account based on a balance you establish. This helps your business put idle funds to work while ensuring money is available to cover everyday transactions.

Yes. Sweep accounts are set up based on parameters that fit your business's cash flow needs, such as maintaining a target balance in your checking account. Our Treasury Management team will work with you to establish a sweep arrangement that aligns with how your business manages its funds.

Wire transfers are a secure way to send funds when proper procedures are followed. To help protect your business from fraud, always verify wire instructions using a trusted phone number before sending funds, especially if payment instructions have changed or were received by email.

Domestic wire transfers are often processed the same business day when submitted before the daily cut-off time. International wire transfers may take longer depending on the destination, receiving financial institution, and other factors.

Yes. Wire transfers are a secure way to send funds when proper procedures are followed. To help protect your business from fraud, always verify wire instructions using a trusted phone number before sending funds, especially if payment instructions have changed or were received by email.

Getting started is simple. Clover can accept credit and debit card payments in person, online, or over the phone, depending on the solution you choose. We'll help you select the right setup for your business and guide you through the process.

Pricing depends on the Clover solution and the way your business accepts payments. We'll walk you through the equipment costs, payment processing rates, and any applicable monthly fees so you know exactly what to expect—no surprises.

That depends on how you do business. Whether you need a countertop payment terminal, a handheld device, a full point-of-sale system, or a mobile card reader, we'll help you choose the Clover equipment that best fits your business and budget.

Yes. Business Debit and Credit cards offer tools to help you manage employee spending. Depending on the card and your account settings, you may be able to set spending limits and controls that fit your business needs. Contact us to discuss the options available.

You can monitor your Business Debit card activity through Online Banking and on our Mobile App, where you can view transactions, review account activity, and keep track of spending. Depending on your account, you may also have access to alerts that notify you of card activity.