For 24-hour telephone banking,
call: 1.888.662.5001

Bank of Ann Arbor Routing Number: 072413735
Bank of Ann Arbor SWIFT BIC: ANNAUS33
Bank of Ann Arbor NMLS ID: 532149


Like dogs love open car windows. We love to help.

Cash Management Services


Cash Management products and services are ideal for businesses with more sophisticated and technology based banking needs.


A relationship-based checking account for businesses with sophisticated banking needs.

  • No minimum balance requirement.
  • No transaction limitations.
  • Fee Analysis. All fees, including those for specific cash management services, are eligible for offset by an earning credit. The earnings credit is calculated using the average monthly balance and the Earnings Credit Rate.

Businesses are increasing using ACH services. ACH is most commonly used for direct deposit of payroll. However, now businesses utilize the ACH Payment system for paying vendors, collecting reoccurring payments such as due's and monthly donations, as well as employee expense reimbursement. ACH services offer businesses electronic payment flexibility.

As a special convenience, we offer courier pick-up of deposits. Courier fees are based on the number of pick-ups. Courier service is available 9:30am to 3:00pm, Monday through Friday.

Deposit checks electronically from the office with our remote deposit capture system. EasyDeposit, our remote deposit capture system, utilizes a desktop scanner that connects to your computer and the Internet. You can scan checks received from customers and send deposits electronically to Bank of Ann Arbor anytime day or night. It's the fastest way to turn checks into cash.

View demo.

Lockbox is a cash flow improvement technique in which customers' payments are delivered to a post office box instead of your business. The bank picks up the payments, processes them and deposits them into your account getting money into your account quicker. Your deposits are then available for viewing via a web portal. Lockbox services are typically used by businesses that receive a high volume of payments from numerous customers.

Positive Pay is an automated fraud detection tool that matches the account number, check number and dollar amount of each check presented for payment against a list of checks previously authorized and issued by the company. All three components of the check must match exactly or it will not pay.

A separate checking account in which a balance of zero is maintained by automatically transferring funds from the business' master account in an amount only large enough to cover checks presented. It is used to eliminate excess balances in multiple accounts and to maintain control over disbursements.

CheckFree Bill Pay for allows businesses to quickly and conveniently pay anyone online that you pay today by check. With CheckFree, you can:

  • Pay anyone. Add any person or company in the United States as a payee, and then make payments to those payees at your convenience.
  • Receive and pay e-bills online. Many payees can send you electronic bills (e-bills) through CheckFree.
  • Schedule reoccurring payments. Automatically make reoccurring payments, such as lease payments, at the frequency you choose.
  • Make payments on the Internet with a secure and reliable system. CheckFree uses SSL (secure sockets layer), which ensures that your connections and information are secure from outside inspection. CheckFree also uses 40-bit or 128-bit encryption (whichever your browser supports) to make your information unreadable as it passes through the Internet.

You can also use CheckFree to:

  • Export your payment information by creating Quicken®, QuickBooks®, and Microsoft® Money import files.

View demo.

CheckFree Customer Care 1.800.877.8021

Online Banking for your business allows you 24/7 access to your company's accounts. Business Online Banking is savvy enough for the most sophisticated money manager yet simple for any business. Its functions are real time, providing you with an accurate picture of your company's cash position so you can make wise decisions in a snap.

View demo.

Manage Your Money Your Way:

  • Access up to the minute account balances.
  • View check presentments and electronic presentments throughout the day.
  • Transfer funds between Bank of Ann Arbor accounts (limited to 6 per month for Money Market and Statement Savings)
  • Print and view your statement anytime.
  • Export Files into money management software
  • Place Stop Payments

Dual Verification

For extra security, you can require dual verification for transactions created by your employees. This means that one employee creates a transaction, such as a transfer, and then a second employee reviews the transaction. If applicable, approves.

As part of the enrollment process, you choose who provides this approval. Dual verification is not required by Bank of Ann Arbor, but is an added security feature.





Cash Management
 
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