Cash Management Services
Lindell Bank’s Cash Management Services offer a higher level of online banking with additional features to support businesses.
These features can be customized to fit your business’s needs. You can sign up for one or all, and there is only one $30 sign up fee. Any additional fees are based on product usage. Select a feature below to learn more!
Customized User Access
You can add multiple online banking users with customized access to accounts and services such as ACH, Positive Pay, Wires, etc.
View only access is available for your bookkeeper, accountant, or other staff members without giving access to ACH, bill pay, wires, etc.
Dual control is available for ACH origination and Wires. This will require two users to process transactions.
There are no fees for multiple users.
Positive Pay Check Verification and ACH Filter
Positive pay is one of the most effective tools businesses can use to prevent check fraud and ACH fraud.
Check Verification:
This is a fraud prevention service that screens the validity of checks processing on your account and at the Lindell Bank teller line.
Your designated online users will enter issued check information into online banking prior to the checks being distributed.
Check information is added by uploading a CSV file or by manual entry in online banking.
Our processing system matches the check to this information to determine if it is approved to pay or flags it as an exception for your review.
If a check does not match what has been uploaded, you will receive an alert to review the check in online banking and make the decision pay it or return it.
Checks presented in person will alert the Lindell Bank tellers if the check does not match what was uploaded. Additional steps are then taken to verify the check with you.
ACH Filter:
This is a fraud prevention service that allows or denies ACHs from processing on your account.
Parameters are entered on the account that detail what companies are allowed to process an ACH and for how much.
Our processing system matches the ACH to this information to determine if the ACH is approved to process or flags it as an exception for your review to pay or return the ACH.
All ACH credits and/or debits can be blocked with this service.
ACH Origination
This service enables your designated users to process credit and debit ACHs through online banking. For example; direct deposit payroll, vendor payments, rental collection, payments due, donation collection.
Your designated users enter the ACH details in online banking by manual entry, CSV file upload, or NACHA file upload.
Dual control is available for users.
The cost is $10 per ACH batch and $0.12 per item / payee within the batch. There is a $0.12 per return / chargeback fee.
ACHs must be scheduled prior to 5:00 PM for next day processing.
View the ACH Reference Guide for rules and more details on how ACHs process.
Wire Initiation
Wire Initiation is a service that enables your designated users to send domestic wires.
Users will input the detailed wire instructions into online banking and our wire department reviews and then processes the wire.
Dual control is available for users.
The cost is $25 for outgoing wires and $15 for incoming wires.
The cutoff time is 1:00 PM for same day processing.
Business Reports
Your designated users have secure access to reports in online banking.
The reports include activity, current day, prior day, summary, and positive pay.
Remote Deposit Scanning
This is a deposit service that enables your designated users to deposit checks at your place of business using a check scanning machine.
The cost is $50 per month.
You can purchase a scanner from the bank for $350 + or use their own if it is compatible.
This service has a separate login and agreement from Cash Management.