Cash Management
Online Banking
We offer Business eBanking services that are secure, easy to use, and meet the needs of organizations that are big or small. View your account balances, transaction details, or cleared checks. Make account transfers, place stop payments, and more. Comprehensive reporting is available to help you track your money anytime and anywhere.
Bill Pay
Simplify your payables with online Bill Pay. Vendor information is stored in Business eBanking. Pay your bills by simply inputting an amount and payment date. Save on check stock, envelope, ink, and postage expenses while streamlining your payable process.
Remote Deposit Capture
Check deposits have never been easier with Bank of Labor’s Remote Deposit Capture. Deposit checks while at your desk using your PC and a check scanner. Checks are transmitted securely to the bank for review, balancing, and processing.
ACH
Bank of Labor’s ACH program provides a secure, reliable, and efficient process for transferring funds. The ACH program works with Business eBanking to streamline your payables, receivables, or payroll processes.
Positive Pay ACH Alert
Positive Pay and ACH Alert are excellent tools to reduce check or ACH fraud. When you provide Bank of Labor your paid check issue file or authorized ACH vendor list, all items presented are compared to ensure only authorized items are paid.
Sweep Services
Make the most of your money with Sweep Services. Bank of Labor can sweep funds from a qualified loan, transaction, or repo account to minimize interest expense and maximize interest earnings. Ask about our Insured Cash Sweep (ICS) to keep your deposits fully FDIC insured while earning a competitive interest rate.
SurePayroll®
Bank of Labor has partnered with SurePayroll to provide an easy to use payroll service with comprehensive support for businesses of any size. You can run payroll in just a few simple steps. Automate your payroll tax transmissions, employee time off calculations, and W-2 filing, just to name a few. Employees can access pay stubs online or via mobile app. This service is fully compatible with accounting software such as QuickBooks™, Sage® 50, Quicken®, and more. All for one low monthly fee, regardless of your number of payroll cycles.
Merchant Processing
Your customers will enjoy the convenience, accessibility, and simplicity of paying with a card. You will enjoy transparent pricing, one easy to read statement, and new card technologies. We accept all card types including MasterCard®, Visa®, American Express®, and Discover®.
Lockbox
Lockbox services are a simple way to accelerate your check collection and remittance process. Bank of Labor will collect your payments from the post office, process your work, key requested data, and deposit the checks into your account. Lockbox services are highly customizable, and all received items are viewable on our convenient web portal. Data can be formatted to a file that is compatible with your accounting software. Save time and resources with this all-inclusive program.