What is Cash Management?

Cash Management is the strategy by which a company administers and invests its cash.

Effective Cash Management involves:

• Maximizing cash flow
• Collecting receivables as quickly and efficiently as possible
• Delaying payables as long as possible, without incurring late fees.

Consult with an AnchorBank Cash Management Specialist to find out how your company can improve their cash management.

I have multiple business entities and each has its own account. How can I manage all the accounts more efficiently?

AnchorBank's Business Online Banking System allows you to view all of your accounts through one simple access ID. Transfer funds between accounts, download account activity and obtain detailed balance reports all in one convenient location. Click here to enroll.

How can I earn interest on my business accounts while
maintaining liquidity?

Consider an AnchorBank Market Yield Account or sweep product. Consult an AnchorBank Cash Management Specialist to discover which option is best for your business.

My customers want to pay me with their credit cards. What do I have to do to begin accepting credit cards as payment?

AnchorBank works with Élan Financial Services to provide our customers with leading-edge technology for Merchant Services. Once your business checking account is established with AnchorBank, we can provide you with the application packet for Merchant Services. For more information, contact an AnchorBank Cash Management Specialist.

I have employees that need to make purchases for the company. What's the best method for providing them with a way to make company purchases?

A company credit card can provide you and your employees with the convenience and security that you need in a payment method. Individual cards can be issued to those employees you designate. Individual card limits can also be established for each employee. For an application or more information, contact an AnchorBank representative.