All branches will be closed at 4pm on Friday, August 26th, and CLOSED ALL DAY on Saturday, August 27th, due to our White Bear Lake, Stillwater, and Hugo branch conversion to Royal Credit Union. We truly apologize for the inconvenience this may cause.
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BUSINESS CASH MANAGEMENT
Ready to simplify your day?
You know the saying… Time is Money. Enjoy the efficiency of running your business with secure, cash management services through Lake Area Bank.
Take advantage of Remote Deposit Capture, the quickest, most convenient way to make daily deposits. Deposit checks, electronically, right from your office using an RDC scanner. No additional software is needed. It’s easy, it’s secure, and it’s smart!
MERCHANT CREDIT CARD PROCESSING
Enables you to accept credit/debit cards through the Visa, MasterCard, American Express, and Discover networks. We partner with Transfirst who works with you to offer the most effective cost and payment solutions services for your company.
ACH Origination services provide businesses the opportunity to effectively manage their payables and receivables process. Small businesses frequently use ACH for payroll direct deposits, paying vendor invoices and processing payments from customers.
- Direct Debit: Arrange automatic collection of payments from your customer accounts. No more time-consuming monthly billing to certain customers. Payments will be in your account on the date they designate – stabilizing your cash flow. A big time saver for companies collecting monthly dues or fees.
- Direct Deposit / Payroll: Simplify your payroll process by having payroll “checks” deposited directly into your employees’ accounts. Enjoy the efficiency of having just one transaction to reconcile your entire payroll, reduce the number of outstanding or lost checks, and eliminate the need for employees to leave work to make deposits.
You’ll enjoy the convenience of wiring money through your Online Banking Account. It will require dual control (one user to create the wire and another user to submit the wire). This is a fast easy way to send out money without having to run to the bank. Perfect for companies who may have reoccurring entries.
Please contact your
banker if you have any questions regarding Cash Management products and services.
Convenience at Your Fingertips
Sign up for Business Online Banking today!
Additional Services
Other products and services offered by Lake Area Bank.