Cash Management Services
Businesses often have financial needs that go way beyond checking, money market, savings and CDs. Bank of Birmingham can help with the processes. Please contact us if you would like to discuss any of the services detailed below:
Deposit Processing Services
Funds Transfer Services
If you are interested in any of the services described below, or would simply like to speak to someone about them, please contact your Relationship Manager or Rene Halkides at 248-283-6441 or firstname.lastname@example.org.
Another method of moving money quickly and securely is via ACH transactions – debits and credits. This is the method most used by companies for payroll processing, and also for paying vendors. If you would like more information about this service, or would like to set it up, please contact us.
Using our Lock Box service, your customers’ payments are received and processed for you. All remittances are processed and deposits made to your account at Bank of Birmingham. Images are captured electronically and are available to you for review. Daily files of payments are uploaded to your Accounts Receivable system for posting by you. Let us make your life easier.
The Bank’s Positive Pay system can help you better monitor and detect unusual or unauthorized check activity.
By uploading your disbursement file to the Bank each business day, we can provide you with reports that compare
items issued to items paid – and highlight any discrepancies or exceptions. If you are interested in implementing
this service, or simply have questions, please contact us.
Remote Deposit Capture (“RDC”)
This is the best thing since sliced bread! Make deposits at your convenience from your office – any day of the week or time of day – using the proper RDC equipment. Deposits processed no later than 5:00 p.m. ET, Monday through Friday (with the exception of Bank holidays) will be processed on a same-day basis; deposits processed outside that timeframe will be processed the next business day.
Bank of Birmingham can help you with moving money quickly outside the bank to your vendors and other recipients. Wire requests received by the daily deadline,* will be sent on a same-day basis and are – typically – received on a same-day basis with the exception of international wires. If you send wires on a fairly regular basis, we can talk with you about setting up online wire generation, and if you have recurring recipients, we can help you set up wire templates to make the process easier and quicker for you.
*Domestic wires must be properly documented and ready to process by the Bank no later than 4:00 p.m. ET on the Bank’s business days; the deadline for international wires is 3:00 p.m. ET Wires presented to the Bank other than in-person require additional documentation.