Business Cash Management

Our Collection Services get your cash to the bank and working for you:

Merchant Capture - Enjoy the convenience of making deposits without leaving your office. You simply scan received checks and a check image is created and then securely transmitted for credit into your Horizon Bank checking account.

Remote Branch Deposit - Do you have locations outside of northwest Washington? Get access to branches throughout the U.S. to make deposits to your accounts at Horizon Bank.

Courier Services - If your business is a long way from any bank branch, our courier services can deliver your deposits to the bank quickly when needed.

ACH Collection - Automated Clearing House (ACH) is a nationwide electronic processing and delivery system designed as an effective alternative to paper-based transactions. Horizon Bank ACH Collection helps you accelerate the collection process while lowering your costs and simplifying your accounting. Horizon Bank ACH Collection is perfect for receiving repetitive payments such as lease payments, insurance premiums, or membership dues.

Wire Transfers - Receive available funds immediately, eliminating the collection float associated with check remittances.

Discover the convenience of initiating payments electronically with one of Horizon Bank's efficient Disbursement Services:

ACH Services - Automated Clearing House (ACH) is a nationwide electronic processing and delivery system designed as an effective alternative to paper-based transactions. Originate ACH transactions right from your PC with Horizon Bank Online, our Internet portal that allows you to create and send an electronic file of ACH payment instructions. With Horizon Bank Online, you can use the flexibility and convenience of the Internet to streamline disbursements right from your desktop.

Direct Deposit Payroll - Electronic payroll is the most widely used of all electronic payments, and for good reason. Corporations using direct deposit ACH save an average of $1.76 per payment when using electronic payments over paper check payments. (Source: NACHA.) In addition, Direct Deposit reduces the time required by your company to print, write, and mail checks; reduces the storage and security concerns of blank or cancelled checks; and reduces the reconciliation of your disbursement accounts.

Tax Payments - Improve control over the timing of tax payments by initiating your payments through Horizon Bank Online.

Vendor Payments - Reduce the time and cost of paying your suppliers by paying through ACH.

Wire Transfers - Wire transfers allow precise timing of payments and accurate projections of receipts and disbursements and are particularly useful in handling high-dollar transactions. Because wires can be transferred quickly, you'll maximize the use of your funds. Wire transfers can be initiated as needed, repetitively or as one-time payments.

Let Horizon Bank design a system to optimize your use of funds with our Account Management Services:

Cash Concentration - If you have multiple deposit locations, Horizon Bank can consolidate your funds from any domestic financial institution into a single account for you via ACH transfers.

Sweep Account Services - Earn income on excess balances and minimize the cost of funds. You have the option of selecting a target or threshold balance that best suits your banking strategy. At the end of each business day, excess funds are automatically swept and invested or used to reduce line of credit balances. Funds are automatically transferred back to the checking account as needed.

Zero Balance Accounts (ZBA) - Horizon Bank's ZBA allows your company to eliminate excess balances in separate accounts. It provides an easy, fully-automated way to separate specialized disbursement or depository activity into distinct sub-accounts while retaining cash in a single master operating account. The service automatically transfers funds to or from the master operating account at the end of each business day to offset the net activity in each zero balance sub-account.

Horizon Bank's Online Services can help expedite your financial operations and reduce costs:

Horizon Bank Online - View real-time balances, watch payments clear, transfer funds between accounts and initiate third-party electronic and check-based payments.

Check Images via CD-ROM - Check imaging is a simple, organized check storage and retrieval system. Check images are captured each day and stored until month-end when a CD-ROM is produced and shipped to you containing all your disbursement activity data and images. Images of deposited items are also available.

File Export Services - Export transaction data from Horizon Bank Online to your desktop in a variety of industry-standard formats.