USAmeriBank | Business Banking | Other Business Services

Other Business Services

More of what you need to handle money with ease and confidence.

Internet Banking combines convenience with security to give the flexibility to handle banking tasks anytime. Our suite of services frees you from the constraints of regular business hours. You can get answers as questions arise and write checks, transfer funds and even make deposits on your schedule. Contact a bank representative for additional information.

For your convenience, an online banking demo is available here. If you wish to enroll please contact a bank representative for additional information.

>> Tour Basic Business Internet Banking

Business Bill Pay

Business Bill Pay allows our customers to spend less time writing checks and more time managing their businesses. With USAmeriBank's Business Bill Pay service you can:

Pay virtually any company, agency, organization or individual within the United States
Schedule recurring payments for monthly bills
Set-up e-bills and e-mail reminders for bill payments
Activate user security features with tiered access and controls
Electronically link invoice and credit memo information with your payments
Access reports and manage pending payments

Remote Deposit Capture

Remote Deposit Capture (RDC) enables businesses to deposit checks electronically rather than transporting them to the bank. With RDC, a business scans deposits and transmits an electronic file of check images over the Internet to the Bank. Using RDC, business customers can streamline their cash management function, lower operational and transportation costs, and extend deposit cut-off times. Subject to credit approval.

Click here to see our Remote Deposit Capture Demo

Escrow Management Accounts

The Escrow Management Account is a service provided to customers who handle escrow deposits. The handling of escrow deposits for clients can be cumbersome and time-consuming. It normally involves the firm opening separate accounts, allocating interest monthly and preparing 1099's for each client. For small and large firms alike, the clerical time and effort needed to manage these accounts can add up quickly. USAmeriBank handles the cumbersome Deposit Operations, Accounting and Tax Preparation tasks. USAmeriBank's Escrow Management system consists of a Master Account (disbursement account) with sub-ledgers for each new escrow client, eliminating the need for multiple accounts. Our computer system can generate combined statements of all sub-account activity each month. The statement provides complete account transaction history and reflects up-to-date account balances and interest information.

Corporate Treasury Management Services

At USAmeriBank we support our customers' success by providing comprehensive services that make it easier for you to manage your day-to-day cash management functions and meet your financial goals.

Our Treasury Management capabilities include online banking access, a host of receivables solutions, including remote deposit capture, payment solutions, electronic wire transfers, ACH origination, automated investment sweeps and many more.

ACH Origination: The Automated Clearing House (ACH) systems is a network of financial institutions, and regional associations that process and settle electronic transactions for our clients, thereby increasing reliability, efficiency and cost effectiveness. ACH is an alternative to issuing paper checks that allows transferring of more information about a payment than is possible on a check. Both debits and credits can be originated for business-to-business or business-to-consumer transactions. This product is suitable for offering direct deposit to employees, cash concentration of funds from different locations, payments to vendors and electronically drafting payments from customers or vendors.
Sweep Accounts: A Repo Sweep Account offers customers the ability to divert excess funds from a base account at the end of the day to an investment account also known as the Repurchase Account. This account allows for profit entities to earn interest, while having the ability to write unlimited checks. The bank pledges highly rated investments against the customers' deposits which also provides protection for funds in excess of the FDIC insurance limits. Customers may also choose to sweep funds to and from a Line of Credit each day.
Zero Balance Account (ZBA): Zero Balance Account helps our customers manage their disbursement process by linking a master account to one or more sub account(s) in a zero balance arrangement. When a customer writes checks drawn on the sub account(s), a transfer of funds is automatically initiated from the master account to fund the sub account(s) at the end of each day and bring the balance back to zero. Conversely, excess collected balances in the sub account(s) are automatically transferred to the master at the end of the day. ZBA can be used for both collections and disbursements.
Positive Pay: Positive Pay is a service designed to protect our customers' accounts from check fraud losses. With Positive Pay our customers provide USAmeriBank with check-issue information. As checks are presented for payment, we verify both the dollar amount and the check numbers. Any checks that fail to match our customer's issue information are called “exceptions.” USAmeriBank notifies our customers daily of any exceptions via the Online Banking Exception Report. Our customers review the exceptions and enter their online decision whether to pay or to return each individual item. Positive Pay is the most effective tool to combat check fraud available today.
CD ROM Imaging: CD-ROM imaging allows corporate customers to receive images of checks on a CD instead of images on the statement. At the end of each statement cycle, the bank captures images of all checks and transfers the images onto a CD. The CD is mailed to the customer. This is a great service for corporate clients who issue a high volume of checks, do not want the trouble of storing paper items and need the ability to retrieve copies of checks quickly.
FED EDI: For customers who require extensive detail reporting on ACH transactions posted to their accounts, we offer Fed EDI. With Fed EDI, we provide you direct access to the Federal Reserve System. Customers can view up to 10 days of ACH transaction history posted to their account(s) at USAmeriBank. When an ACH transaction is posted, our customers receive an email notification from the Fed with a link to the website. They log on to the website using their email address and password for access to the report. The report can be downloaded in a variety of formats, including PDF, TEXT or HTML.

Merchant Services

This service provides businesses with the ability to accept electronic payments in the form of credit cards and debit cards. Our partner, Sterling Payment Technologies, also offers a variety of other services, including Electronic Check Verification, Check Guarantee and Check Conversion. We offer state of the art technology, with the latest point of sale terminals, software applications and wireless products to provide optimal solutions for our customers.

Health Savings Account

A Health Savings Account (HSA) is a tax-advantaged medical savings account available for employees enrolled in a High Deductible Health Plan (HDHP). It may be funded by payroll deduction and your company's contributions may be tax deductible. Unlike a Flexible Savings Account (FSA), funds roll over and accumulate year after year if not spent.

Funds may be used to pay for qualified medical expenses at any time. These include deductibles, co-payments and co-insurance; dental, vision and chiropractic care; durable medical equipment including eyeglasses and hearing aids; and medical transportation. Prescription and over-the-counter medications are also eligible. More information on eligible expenses may be found on the IRS website.

An HSA at USAmeriBank features:

Easy, automated, online employee enrollment
Set and control participation and contribution criteria
Easy program management and access to information online

International

USAmeriBank can help you do business overseas with:

Wire Transfers

USAmeriBank offers centralized Wire Transfer services for both Domestic and International Incoming and Outgoing wire transfers. Wires are initiated and processed using Fedline. Wires transfers can be initiated in person at any USAmeriBank branch, by facsimile request (with prior agreement) and via cash management Internet banking.

For your convenience we have provided customizable Incoming Wire Instructions. Please click on the attached link to view and complete the Incoming Wire instructions form. For further assistance using the Incoming Wire Instructions form or to initiate Outgoing Wire Transfer requests, contact your local branch office.

Incoming Wire Instructions

Foreign Exchange

Purchasing foreign currency in advance saves time and makes traveling on business easier. For added convenience, we buy foreign currency as well.

International Collection Items

For your convenience we process international collection items such as drafts and checks and we process them through our correspondent banks.