It 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.
These bank accounts are the easiest way to generate some income from your company’s spare funds; however, they make sense only if the money you’ll earn will be greater than the fees your bank will charge. Community Resource Bank will provide Account Analysis to determine what fees will be charged for the services that will be used with the Bank. Business owners have two types of sweep accounts to choose between:
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.
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.
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.
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.
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 origination, Business Billpay, and wire transfers.
Telebank (800)250-8424 provides 24 hour telephone account access for our customers.
Cash Management Specialist
Direct Line: (507) 645-1840
Toll free: (800) 250-8420 ext 3840