Cash Management

cashIt is only natural that major business expenses are incurred in the production of goods or the provision of services. In most cases, a business incurs such expenses before the corresponding payment is received from customers. In addition, employee salaries and other expenses drain considerable funds from most businesses. These factors make effective cash management an essential part of any business’s financial planning. Cash is the lifeblood of a business. Managing it efficiently is essential for success. At Community Resource Bank, we will be there for you every step of the way, offering you a variety of services to assist your business with its daily cash flow.

Sweep accounts

A sweep account automates the movement of funds to your advantage by paying down lines of credit or covering overdrafts in your checking account.  You can use this powerful tool to minimize interest expense and save unexpected overdraft charges.

Zero Balance Accounts

Every day, the bank will leave only enough in your checking account to cover debits presented for payment over the course of the business day.

Loan Sweep:

  • Advance and pay down a line of credit automatically as needed
  • Eliminate or reduce overdraft charges
  • Reduce the time and expense of monitoring daily cash flow
  • Minimize interest expense

Business Debit Card

The Business Debit Card works just like your checkbook only it’s faster, easier and more convenient than writing a check. Purchase amounts are automatically deducted from your checking account. The card also works as your ATM card. There is no charge for our Business Debit Card, and ATM transactions are free at MoneyPass ATM Locations.

For lost or stolen Debit cards, please contact us at (800)250-8420.

ATM Network

We will not charge an ATM transaction fee when you use an ATM within our MoneyPass network. Our network includes any MoneyPass ATM machines. Use of an ATM outside of this network may result in a transaction fee from us and/or a surcharge from other machine owners. For a list of MoneyPass machine locations, visit ATM Locator.

Reorder Checks Online

To reorder business checks, go online to www.deluxeforms.com, or call (800)328-0304 to speak with a specialist. For security reasons, you cannot change account information, such as your mailing address, online.

Online Credit Card Services

You can access your Elan credit card account 7 days a week, 24 hours a day, by logging in to https://www.myaccountaccess.com/onlineCard/login.do. View your account history or make a credit card payment online. To learn more about our Credit Card products, contact us at 800-250-8420 to speak with a personal banker.

Business Banking Online

With Business Online Banking (link to page), you can view your account information and transfer funds without leaving your office or home. In addition, you will have access to expanded online business cash management services, including ACH originationBusiness Billpay, and wire transfers.

Other Services

  • Combined checking and savings statements
  • Account Analysis
  • Automatic payments and transfers
  • Business Instant Credit
  • Investments
  • Merchant card processing
  • Merchant Capture
  • Safe Deposit Boxes
  • Personal money orders and cashier’s checks
  • Notary and signature guarantees
  • Night drop deposit services

Other Helpful Links

  • Our Cash Management Team

    Tammy

    Tammy Eidahl

    Cash Management Specialist

    507-645-1840
    Email Tammy

    Jarid

    Jarid Finstuen

    AVP/Commercial-Ag Loan Assistant

    507-645-3110
    Email Jarid

    Bobbi

    Bobbi Ramsell

    Cash Management Specialist

    651-634-9461
    Email Bobbi

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