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Business Banking

Business Analysis Checking Features & Benefits

Cash Management Services

  • Account Detail

    Account transaction data can be viewed and sorted for quick, convenient access. The data can be saved to your network or hard drive in a variety of formats to meet your particular expense reporting needs.

  • Account Reconciliation & Positive Pay

    This is a service that helps safeguard against check fraud and forgery. With Account Reconciliation, presented checks are compared with a list of checks you have issued, ensuring that the information contained on the presented check exactly matches the issued check. When a discrepancy between a presented check and an issued check is found, it is flagged as an exception. With Positive Pay Exception Decisions feature, you can view exceptions and then choose to Pay or Return the check.

  • Activity Reporting

    Keep tabs on all transactions performed throughout the Business Banking system with the Activity Reporting feature.

  • Account Summary

    You can view your current checking, savings, money market and commercial loan balances as well as view several months of transaction history for each account.

  • Balance Alerts

    Set up an email or text message alert to be sent to you when an account level exceeds a set threshold. Balance alert notifications are sent throughout the day and are not available for loan accounts.

  • Balance Reporting

    Monitor your account activity in real time, access current and available funds, view account history and review all posted transactions.

  • Bill Payment

    This service allows you to schedule single or recurring payments with an easy to use interface system.

  • Book Transfer

    This service allows you to move funds between accounts within the same financial institution. Transfers can be scheduled for the current day or a date in the future, up to one year in advance. Recurring transfers may also be set up to automate loan payments. Scheduled transfers can be reviewed and deleted any time prior to processing.

  • Check Imaging

    The check imaging function allows you to view the front and back of a cleared check.

  • Multiple User Access

    The online banking company administrator can set up any number of employees with their own user name and password. Each employee can be given a unique set of access rights on a specific account to restrict what they can view and do on the system.

  • Payroll Direct Deposit

    Payroll Direct Deposit is the process in which you can schedule net pay for your employees to be electronically deposited to the checking or savings account of their choice on payday.

  • Report Writing

    The Create Reports function lets you create, edit and delete customized settings that apply to the Account Summary screen so you see only specific accounts and transactions. Once the report is created, you can save the report to run again on future dates.

  • Stop Payment

    A stop payment request can be submitted for a single check or a range of checks in a matter of seconds. Note if checks are lost or stolen, contact Coconut Grove Bank immediately.

  • Sweeps

    The Sweeps function provides the ability to set up an automated funds transfer to or from internal accounts in order to keep their balances within certain limits.

  • Tax Payment Initiation

    Never run to the local branch with a tax payment check again. Initiate a tax payment to the IRS through EFTPS up to 30 days in advance from your home or office. Federal tax type is supported.

  • Transaction Search

    Transaction search allows for querying on transactions. Search by any combination of date range, check or serial number of a transaction as well as transaction type.

  • Wire Transfer Initiation

    The Wire Transfer service allows you to move funds between accounts within different financial institutions. Transfers can be scheduled for the current day or up to 30 days in the future. Pending transfers can be reviewed or deleted any time prior to processing. Wire transfer templates are available for wires performed on a regular basis. The system is designed to store the templates, thus saving time by defining them once and reusing them later.

Merchant Services

A merchant account is the ability for a business owner to accept credit cards online or in a retail atmosphere.

Remote Deposit Capture

Remote Deposit Capture is a service which allows a user to scan checks and transmit the scanned images and / or ACH-data to a bank for posting and clearing.

Features & Benefits

  • Accelerated clearing
  • Improved availability
  • Reduced returned item risk
  • Reduced transportation costs
  • Reduced processing costs

Finance Works

Finance Works is a financial management tool which will allow you to manage all of your accounts in one place, regardless of which financial institution they are held at.

Features & Benefits

  • Track spending
  • Manage bill payments
  • Create monthly budgets
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