Optimizing cash flow is a fundamental element of effective cash management. Swift and secure access to your financial information is crucial. Altos Bank’s robust online system ensures reliable, 24/7 access to your accounts, simplifying the management of payables, receivables, and providing continuous visibility into your cash flow.
Accounts Payable
A well-organized approach to managing payables can lower expenses and greatly enhance the account security. By implementing efficient processes, such as those listed below, you can also improve overall financial control and streamline operations.
ACH Payments
Automated Clearing House (ACH) Origination enables the electronic transactions through the ACH Network, allowing the prompt and cost-effective transfer of funds to your accounts, vendors, or employees for payroll and reimbursements. Utilizing ACH can also help businesses improve cash flow predictably, reduce check losses and fraud risks, and enhance payee satisfaction with timely payments.
ACH Control
Safeguard your accounts from fraudulent, erroneous and unauthorized ACH activity.
Bill Pay
The Bill Pay solution simplifies bill management and reduce paper clutter. You can view balances, receive electronic bills, pay your bills, send electronic payments, and schedule future payments online.
Positive Pay
Positive Pay helps protect your business by matching the issued checks (through daily check file you upload) with those presented for payment. Mismatched checks are flagged as exceptions for you to review online and make pay or return decisioning.
Reverse Positive Pay
As an alternative to Positive Pay, this solution allows businesses to review all incoming checks and decide whether to pay or return each one. It offers enhanced control over checking transaction and strengthens fraud prevention.
Wire Transfers
Altos Bank offers secured domestic and international wire transfer services for businesses needing to make U.S. Dollar payments, and can be done so conveniently online or through our mobile app. Please ensure accurate information to avoid delays or returns, which may also incur fees. Outgoing Domestic and international wire cut off – 2:00 PM PST
Zero Balance Account
A Zero Balance Account (ZBA) is an alternate business checking account that maintains a $0 balance. When funds are needed, the exact amount is transferred from the business’ central or master account. Deposits in the ZBA are swept back to the master account daily. ZBAs are typically used to manage high-volume, recurring business expenses like payroll, or department-related costs. As a risk mitigation tool, ZBAs offers businesses enhanced control over cash balances and help quickly identify unauthorized transactions.
Accounts Receivable
The efficient processing of receivables has a significant impact on your successful financial performance. Altos Bank is dedicated to operational excellence with a focus on assisting you optimize your receivables.
- ACH Collections
- Merchant Services
- Remote Deposit Capture
- Wire Transfers – Incoming and Outgoing