Deerwood Bank's Online Banking gives you secure and easy to use online access to your business and personal accounts. You will be able to manage your accounts, transfer funds, and even interface with your own banking software, all from any Internet accessible PC. These are a few of the features of this service from Deerwood Bank:
You can access your Deerwood Bank accounts at any time, day or night, from any computer with Internet access to check balances, verify transactions, or generate transaction history reports. With this information at your fingertips, you can monitor and control your daily cash position and potentially reduce your borrowing.
Funds may be transferred between any of your Deerwood Bank accounts (excluding some lines of credit) identified for Online Banking or any accounts you have at other financial institutions. Transfers may be set up as either single or recurring, and may be originated, edited, or deleted as needed. Please contact your business banking representative for more information.
Automated Clearing House (ACH) Originations allow you to quickly and easily pay your employees electronically, payroll will be deposited directly into your employees' bank accounts.
ACH Origination also allows you to, with your customers' authorization, electronically collect payments such as monthly dues, premiums and other recurring payments. Please contact your business banking representative for more information about this product, the approval process and the fees involved.
Using Online Banking, you can download your company's current statement of activity and reconcile accounts quickly and efficiently. Several software programs will interface directly with Deerwood Bank's Online Banking, including Quicken, QuickBooks, Microsoft Money, and Open Financial Exchange (OFX).
Alert yourself when a certain check number clears, a balance reaches a specified amount, or a maturity date comes due by setting up automatic e-mail notifications which you can personalize.
Businesses can save valuable time with the ability to pay bills online. Scheduling payments electronically is easy and can be set up as either one-time or recurring payments – up to a year in advance. Eliminate the hassle of writing checks and pasting stamps.
This service is available for a nominal fee.