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Sweeps
Keep all your money working hard for your business. If you have extra funds in checking,
a sweep can be set up to automatically deposit those funds into a money market savings
account. A second option is to use the sweep feature to pay down your commercial
line of credit when you have extra funds. The sweep feature also helps you avoid
expensive overdraft charges by transferring funds from your credit line or savings
account on days when your checking account balance would otherwise fall below $0.
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Lockbox service
Streamline check collection and accelerate your cash flow by having your consumer
or client payments sent directly to us. We can set up lockbox services according
to your specifications, including check imaging, deposit procedures and balance
reporting. Compensating checking account balances could reduce or eliminate the
service charges.
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ACH (electronic) Origination
Use our electronic services to directly deposit your payroll, bonuses, child support
or retirement savings plan payments into your employees' accounts-no matter where
they bank. It simplifies your payroll and provides a great employee perk at the
same time.
Our streamlined electronic tax payment system allows you to make tax payments automatically-without
any unnecessary paperwork. Via ACH, you can also make other government payments
electronically, and execute pre-authorized debits or credits to or from any other
financial institution.
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Courier services
Let Great Northern Bank come to your business and pick up your deposits on a schedule
you select-so you can run your business, not run to the bank.
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Foreign Check Deposits
If you receive foreign currency or checks, we can process them-and give you a competitive
foreign exchange rate.
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Loose coin processing
We'll process your coin receipts automatically and efficiently, then fax or mail
you a receipt for your records. It's a real timesaver for your retail business.
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Night depository
When you can't make it in during regular banking hours, simply drop off your locked
bags in our night drop. Your deposit will be processed the next business morning.
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Notary services
If your signature needs to be notarized on an important document, you can take care
of it quickly and conveniently anytime you're in our office. A free service for
Great Northern Bank customers.
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Wire transfers
A safe, fast way to move money between financial institutions-anywhere in the world.
You'll get prompt availability of funds and assurance your funds will be where they
need to be-when they need to be there.
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Account reconciliation
If you don't have the time or information needed to balance your accounts, our bankers
can research your account history and reconcile your accounts for you.
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