You work hard, and staying on top of your operation’s finances can be a hassle. GreenStone is happy to provide a number of tools to help manage your business’ bills and income in the palm of your hand. We understand not every tool is one-size-fits-all, so we provide a suite of options to best fit your needs.
Online Banking Mobile App and Mobile Deposit: Banking at your fingertips
We know you’re busy, and stopping into a branch or pulling out your laptop isn’t always an option. GreenStone’s online banking app allows you to manage your account in the palm of your hands.
The app allows you to make a payment from your linked bank account, deposit checks into your operating loan account, transfer funds between accounts, make or schedule disbursements and monitor account balances and upcoming deadlines.
Bill Pay: Manage all of your bills in one place
If you have a My Access account with GreenStone, you can take advantage of our new bill pay feature!
This service allows you to set up automatic payments for bills – so you can focus on your day-to-day operations, and not worry about due dates. This enables you to manage your payments to all your vendors in one place to make it easier to track what has and has not been paid.
Disbursement Card: Managing your company card just got easier
Managing what you or your employees are spending on the company card can be overwhelming and difficult to track. With GreenStone’s disbursement card program, you can manage all of it from an app on your phone!
Through GreenStone’s disbursement card, you can have multiple credit cards tied to your loan. Through the Card Suite Lite app, you can see exactly what is being spent on that card in real-time. You can also set daily spending limits for each card and shut off a card remotely from the app.
The disbursement card program is ideal for businesses with a revolving line of credit with employees or owners who need to purchase items for your business like fuel or supplies.
Disbursement Card Fraud Protection: Swiping Safely
Protecting your information is a key priority at GreenStone. Use the card’s app to turn the card off in the event it is stolen or lost, sign up for instant notifications for every purchase and view all transactions in real time.
Protecting your bottom line is simple with your disbursement card’s fraud protection features.
Check Scanners: Deposit on the go
If you are depositing multiple checks per week, a check scanner may be a good option for you!
Remote check deposit only allows a certain amount of deposits per day and other traditional methods for depositing checks like visiting your local bank branch can be time-consuming; A check scanner allows you to process multiple checks in just moments.
Physical check deposits are full of inconsistent costs like labor, transportation and mileage. A check scanner’s initial equipment fee can be easily worked into your operation’s budget.
This option is ideal for retail businesses, seed dealerships, retail greenhouses and agrotourism businesses.
Positive Pay: Keeping your bottom line protected.
When you write a check, you expect the vendor or individual to cash the amount you penned. Unfortunately, check fraud is on the rise, and sometimes, fraudsters can change the amount of your check, or it could end up in the wrong hands.
With Positive Pay, you are able to submit check numbers and an amount into the system, and if someone tries to cash a check from you that doesn’t align with your list, you receive a notification. This way – the money cannot come out of your account unless you approve their transaction.
This system is free and is useful for all operations issuing checks to vendors and individuals.
Advanced ACH: Manage your payments
Create and maintain participants, such as vendors or employees. These participants are included in payment batches, which may be initiated individually or set up on a recurring basis, such as payroll. You also have the ability to approve or reject batches that are being handled by their secondary user(s), such as payroll or bookkeeping services. Business level ACH eliminates the need for external account recipient(s) to confirm micro-deposit receipt; bank pre-notification messaging is used instead. This makes setup easier when adding multiple recipients, such as payroll batches.
Wires: Transfer funds
Easily transfer funds to an external account without first setting it up as an external account. Wire transfers are best used for a one-time transfer, as opposed to recurring payments. Please be advised a $10 fee will be charged for the wire initiation. If you agree to the fee, the wire will be released same day if requested prior to 3pm CST/4pm EST.
Farm Cash Management: Short term investments, long term success.
Integrating your operating loans with short-term investments through a Farm Cash Management account gives you the dual benefit of easy access to operating funds while potentially minimizing your net interest costs.
When you have available cash in your Farm Cash Management account, your operating loan is paid first. Any excess funds are then invested in an account of short-term investment bonds. You’re then paid a return, similar to a money market account.
There is also an option to utilize a debit card to access your Farm Cash Management funds.
You can learn more about the Farm Cash Management option here.
Paperless Bills and Statements, and eConsent: Secure and sustainable
GreenStone’s paperless bill and statement option provides a secure, sustainable and convenient way to receive information about your account. Opting into paperless bills and statements allows you to view your bill and statement in the palm of your hand through GreenStone’s mobile app or your My Access account.
Signing up for eConsent allows us to provide necessary documents and disclosures to you electronically, including those requiring a signature using DocuSign. We can email you the eConsent form for electronic signature or you can access it on My Access.
Convenience Starts Now
GreenStone is proud to offer these convenient options to save you time, and help take your operation to the next level. Finding the best online tools for your business can open more doors for you – so let us help!
If you would like to discuss what tools may be best suited for you, reach out to your local branch today.
