Cash Management at Heritage Bank

We offer a range of cash management solutions designed to help you speed collections, control payments and manage funds more efficiently. Our goal is your goal - to help you maximize cash balances and reduce interest expense - saving you both time and money. Our Cash Management Services professionals will work with you to design a program that will help your business achieve its cash flow objectives.

Heritage Bank Cash Management Services offers:

• Information Services
• Collection Services
• Disbursement Services
• Other Services

Information Services

Online Cash Management / Commercial Connection

Heritage Bank Online Cash Management allows business customers to access their business account information from virtually any computer with an internet connection. With Commercial Connection, you can monitor your daily cash position and confidently make borrowing and investing decisions. Customized security levels protect access to data.

Features:

• Balance information
• Book transfers
• Stop payment requests
• Wire transfer initiation
• Online statements
• Ability to export transactions into spreadsheets and databases

Benefits:

• Convenient and quick access via the Internet
• Increased control of your cash
• Ability to create reports by exporting information into Accounting Software

We also offer the ACH Editor which gives you expanded capabilities to set up, perform and track ACH transactions from the convenience of your own office. The ACH information is entered into a spreadsheet format with columns, rows, cells and toolbar. You may import NACHA-formatted ACH files from an external source into the ACH editor as well.

In order to utilize Commercial Connection, you simply need the following basic system requirements in place:

• 100% IBM-compatible 486 or higher PC
• Windows® 3.1, Windows® 95 or higher
• Compatible modem or internet access

Heritage Bank will provide any installation and customization needed as well as offering training to your employees.

Contact one of our Business Banking Professionals today or call 678-284-3433 for one of our technical specialists:

• Clayton County
  Dondra Clark
  Ron Willard
  770-478-8881
• Henry County
  Kim Devine
  Robin Gay
  Nicole Elkins
  770-478-8881
• Fayette County
  Cindy Kelley
  770-478-8881

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Collection Services

Let Heritage Bank help you increase the speed of the collection and processing of your company's receivables. Our Collection Services help move funds into your accounts quickly and reduce the level of receivables processing in your office.

Cash Concentration

Cash Concentration is ideal for businesses with multiple locations making deposits at several different banks. With Cash Concentration, you can transfer funds from any of your other bank accounts into your Heritage Bank account(s) via the Automated Clearing House (ACH).

Features:

• Web-based application
• Multiple security levels
• Transfers permitted from any ACH member bank

Benefits:

• Cost effective way to transfer business funds
• Minimizes excess balances among several accounts
• Improves cash flow

Preauthorized Direct Debit

Automate the collection process by directly debiting your customers' bank accounts for recurring charges. This quick and easy process provides accurate and timely collection of payments and improves your cash flow.

Features:

• Multiple security levels
• Transaction reports accessible via your computer
• Data can be exported into your accounting system

Benefits:

• Speeds collection process
• Eliminates expense associated with mailing and processing receivables
• Reduces cost of collecting payments
• Improves cash flow
• Convenient way for customers to pay you for recurring charges

Merchant Services

Heritage Bank can help you establish a new merchant services program or provide a cost effective alternative to your present merchant processing solution. We offer a customized, high-performance program that allows you to accept credit and debit cards from your customers in addition to offering them other e-commerce payment solutions.

Features:

• Traditional merchant point-of-sale, industry-specific
• Monitor bank deposits and charge-backs online
• Online access to transaction data and activity reports

Benefits:

• Helps you serve customers quickly and accurately
• Hands-on training available
• Competitive discount rates

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Disbursement Services

Move funds more efficiently with Heritage Bank Disbursement Services. These services will help you streamline the payables process and reduce administrative costs by giving you control over how and when cash moves out of your accounts.

Direct Deposit

Direct Deposit allows your company to provide a valuable, low-cost benefit to your employees. Save time and money by automating regular payments to employees. Direct Deposit can be used for payroll, expense reimbursement, pension payments or any other type of payment you make to employees. You can also increase the efficiency of payroll administration through the elimination of paper checks.

Features:

• Transactions can be created online or imported from third-party software
• Web-based solution
• Password-protected
• Funds are available for withdrawal the morning of the pay date

Benefits:

• Faster preparation and processing of payroll
• Eliminates stop payments and reissues due to lost/stolen checks
• Effective method of paying non-local employees

Zero Balance Account

With a Zero Balance Account (ZBA) from Heritage Bank, you can maintain a business checking account without unproductive excess cash balances. Each day, your ZBA is funded to cover all incoming debit transactions. After all transactions are posted, the account is reconciled with a lead account and is returned to a zero balance.

Features:

• Automated process moves funds as needed
• Detailed monthly statement summarizes activity
• Eliminates excess balances

Benefits:

• Saves administrative time and expense
• Eliminates tracking of funding requirements
• Eliminates overdrafts
• Produces a clear audit trail

Business Sweep Accounts

Armed with your cash position, you now have access to services to help you manage your payables, receivables, and concentrate your funds so you can make important borrowing and investment decisions.

Business Sweep Accounts allow companies to sweep free DDA balances (collected funds less reserves) into overnight repurchase agreements which are not FDIC insured. All funds over the target balance established will be invested. If the target balance is not met on a particular day, an investment will not be made for that day.

Features:

• Automated process moves funds as needed
• Detailed monthly statement summarizes activity
• Eliminates excess balances

Benefits:

• Saves administrative time and expense
• Eliminates tracking of funding requirements
• Eliminates overdrafts
• Produces a clear audit trail

Online Wire Transfer

Online Wire Transfer from Heritage Bank allows you to move money quickly, safely and conveniently. You can transfer funds to any financial institution by initiating repetitive wire transfers via our Online Cash Management product.

You will assign each of your authorized company employees an individual ID and password to access the Online Wire Transfer system. Additionally, you can establish maximum daily amounts and maximum transaction amounts each employee is authorized to initiate.

Features:

• Customized security levels
• Dual control features
• Ability to establish templates for recurring transfers

Benefits:

• Enables secure transactions
• Saves time and expense
• Provides audit trail reports

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Other Services

Courier Service

Courier Service from Heritage Bank allows you to save time and money by providing you with a scheduled courier to pickup your check deposits. The convenience of allowing a courier to pickup your deposits is just a phone call away.

All of your check deposits are placed into secure deposit bags so there is no worry about your deposits being reviewed prior to delivery to the bank. The contents of your deposits are reconciled to a Bill of Lading and any discrepancies are reported to you by telephone. We will also give you same day credit for your deposits.

To find out more about how Heritage Bank can help your business contact:

• Clayton County
  Dondra Clark
  Ron Willard
  
  770-478-8881
• Henry County
  Kim Devine
  Robin Gay
  Nicole Elkins
  770-478-8881
• Fayette County
  Cindy Kelley 
  770-478-8881

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