The business-level version of online account access adds to the exciting features provided by our free AmBank Online service. You gain the ability to perform online ACH and wire transfers, upload payroll files to provide your employees with direct deposit, specify multiple levels of account access, and much more. You can give different employees time-restricted access to specific features, funds transfers, and accounts. Multiple levels of submission and review are also available for file and funds transfers. AmBank Business Online is fully customizable to fit your individual business needs. Another helpful feature is the ability to consolidate access to multiple businesses with a single login.

 

Features:

	Real-time Funds Management		Image Search		Wire Transfers
	Account Inquiries		Stop Payments		ACH Transfers
	Transaction Activity		Advanced Functionality		Payroll Services

Real-Time Funds Management (back to top)

With American Bank's AmBank Business Online, the corporate cash manager can make immediate and accurate decisions based on real-time information, including account balances, cash position, maturity, payment and interest. Real-time float analysis provides the information needed to assure the availability of funds. Sophisticated and flexible funds management capabilities allow specifically authorized customer employees to make controlled disbursements, transfers and payments, including ACH and internal transfers, domestic and foreign wire transfers, and tax and loan payments.

American Bank's AmBank Business Online provides the control and flexibility needed to optimize funds management anytime, anywhere. It allows for additional inquiries into specific fund transfers, inquiries into the accounts where the transfer originated, a recap of all fund transfers, and a list of all predefined fund transfers that have been issued. Funds can be transferred between accounts, both internally and externally. A transfer template is used to streamline the process. Information like dollar amounts, defined in the transfer templates, can automatically default to expedite the transfer.

As more information is needed about an established transfer, a "details" area is displayed, allowing for the entry of a date, amount, and handling instructions. A convenient preview screen allows for verification of a transfer and, as with stop payments, a confirmation is returned once a transfer or group of transfers has been submitted for processing. As funds transfers are issued, a confirmation number is displayed, detailing the number of fund transfers completed and the total amount of funds transferred.

Account Inquiries (back to top)

Account information is displayed in convenient and easy-to-read sections that provide the real-time detail needed to make accurate funds management decisions. Depending on the type of account, this information includes:

Transaction Activity (back to top)

Up-to-the-minute transaction activity can be displayed, providing a list of all transactions, separated into five sections:

Dynamic transaction search is also available. Those searches can be categorized by type, date, amount or number, and transactions can be exported into popular commercial accounting products like Quickbooks, or a comma-separated file for reconciliation and further analysis. Any or all of these search selection criteria can be used to narrow the generated list of transactions. This important feature provides corporate cash managers with all the information necessary for viewing, researching and decision-making.

Once the transaction activity has been displayed (e.g., Current Statement Cycle), the transaction list displays detailed transaction activity. The transaction list is displayed in posting order, but can be sorted for convenient viewing. This list includes:

Image Search (back to top)

An image search section within the transaction menu provides the ability to search and view specific images. Images can be categorized by item number to narrow the generated list of items. Check images can also be displayed from a transaction statement by clicking on a specific check number. If there is a back side to the document (as with checks) a "view back of image" button displays. These integrated benefits further enhance the capability to research items in a real-time environment.

Stop Payments (back to top)

AmBank Business Online allows for real-time stop payment capabilities on any assigned account. The stop payment menu provides a complete list of all features, including a list of all stop payment items associated with an account, stop payment research, and the ability to issue a stop payment. These features reduce the research resources needed by an institution or its corporate customer. In addition to a search feature, the menu includes disapproved, pending, approved and issued stop payments.

Advanced Functionality (back to top)

AmBank Business Online offers greater functionality while maximizing security. Corporate customers can approve/disapprove file and fund transfers, and perform a recap of employee activity at any time. The file transfer capability within AmBank Business Online not only gives the customer the flexibility to upload ACH files (such as a Payroll file) in a standard NACHA format, but also lets customers upload and download Check Reconciliation Issued files for reconciliation and fraud management purposes. Administrative features offer the commercial customer flexible management of employee rights in multiple-user environments. New employees can be set up with access options, review requirements, time-of-day access, password control and more. On fund and file transfers, limits can be established that allow the financial institution to review items users have presented.