Automated Sweep Accounts – Dynamic, Repo and Loan Sweep

Our Automated Cash Management Tools give your business the ability to manage time and cash more effectively by automatically transferring funds to and from your operating accounts as needed using either a daily investment account or line of credit. It is the prefect short-term liquidity management system.

Repo and Loan Sweeps are not FDIC Insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and are Not Insured by any Federal Government Agency.


Check Reconciliation

Want to save time and effort by reconciling your monthly bank statements quickly, conveniently, and automatically? Our check reconciliation service provides and electronic file via our secure FTP site. If you prefer, a transmission of the paid items (checks) can be sent to you directly for immediate posting to your accounts payable file.


Commercial Credit Cards

Our credit card has no annual fee and offers customized spending limits that you can set by business entity, department, group, and/or employee. And, of course, our card can be used anywhere Visa is accepted.


EDI Reporting

Electronic Data Interchange (EDI) service helps to provide the recipient of an ACH Credit or Debit with information associated with the payment. EDI can include information such as the sending party’s name, purchase order number or other reference information that identifies the purpose or breakdown of the payment.


Lockbox

If you receive large numbers of incoming checks, our lockbox service frees up your time by having Minnesota Bank & Trust process all payments. That means you’ll be able to accelerate collection time on incoming funds, increase audit control, and free up your staff for more productive tasks. All payments and accompanying media are scanned and a file of these digital images is posted on our secure FTP site so you can retrieve and review payments at your convenience.


Target Balance or Zero Balance Accounts

Do you have funds tied up in multiple, ancillary checking accounts? Minnesota Bank & Trust can structure these accounts to allow automatic internal transfers to and from your main operating account whenever deposits are processed or items are presented for payment.