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.
Business Cash Management
You know the saying… Time is Money. Enjoy the efficiency of running your business with secure, cash management services through Lake Area Bank.
REMOTE DEPOSIT (RDC)
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.
- 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.
Interesting linksHere are some interesting links for you! Enjoy your stay :)