Cash Management Services
Remote Deposit Capture*
Remote Deposit Capture is a service that allows you to scan checks on a destop scanner at your place of business to create an electronic file. The file is then deposited via a secure internet connection into your account at BlackRidgeBANK. The need for you to go to the bank and make a deposit is eliminated.
Sweep Services*
Commercial sweep services help you to optimize cash flow by electronically moving surplus cash balances into higher-yielding deposit accounts or by reducing loan balances, while allowing you to maintain daily access to your operating funds.
- Loan Sweep - surplus cash balances are automatically applied to reduce the principal on your line of credit. This eliminates the need for you to move surplus cash balances manually. This sweep will also advance funds into your account to cover a deficit balance.
- REPO Sweep - surplus cash balances will automatically sweep into your interest bearing account.
Merchant Services*
BlackRidgeBANK offers services such as point of sale terminals, PC software solutions, Internet e-commerce solutions and more. Our professional staff will design a unique solution to meet your business needs.
Zero Balance/ Target Balance Account (ZBA)
Our useful, Zero Balance/ Target Balance accounting service allows you to disburse or deposit through as many accounts as you need. Then send transfers to and from a single concentration account automatically, relieving you of daily administration of your funds. This improves your ability to manage funds by consolidating disbursement and depository accounts into one account.
Automated Clearing House (ACH)*
To speed the completion of your financial transactions, BlackRidgeBANK utilize a processing and delivery system that provides for the distribution and settlement of electronic credits and debit among financial institutions. This paperless transaction solution adds to your ability to conduct efficient and productive cash management.
* Subject to approval