cash management
SERVICES 

• View Account Statements
• View Check Images
• Transfer Funds
• Make Loan Payments
• Download Options for Statement Reconciliation
• View Account Hitory for Last 60 Days
• Controlled User Authority Levels
• View Electronic Items Posting to your Account Today 

ONLINE BILL PAY
Use Online Bill Pay to pay your bills from your computer.  

• No more handwritten checks, stamps or addressing envelopes
• Set-up recurring payments (i.e. monthly, weekly, annually) to be automatically paid at your request
• You can pay anyone within the United States
• Try Bill Pay for two months free

SELECT DEPOSIT^TM
With Lake Elmo Bank's Select Deposit^TM, make all of your check deposits without leaving your office.  You simply feed your checks into a special deskop scanner where they are electronically transmitted directly to the bank.  With Select Deposit^TM, you save time and money.  It's safe, easy and reliable.

MULTIPLE MONTHLY STATEMENTS
Send one to your office and one to your accountant!

CD ROM MONTHLY STATEMENTS
Receive images of cancelled checks and deposit slips on a CD ROM.  This provides you with easier statement reconcilliation, convenient storage and fast retrieval.

DELUXE BUSINESS SOLUTIONS
This program offers convenience and satisfaction when ordering your business checks.  A Deluxe representative will meet with you to personally set up your account and ensure your needs are met.  Please call 1.800.252.3414 to schedule a consultation with a Deluxe representative.

IN-HOUSE CHECK PRINTING
Enjoy the convenience of ordering your business checks directly through the bank.

ACH AND PAYROLL
The ACH (Automated Clearing House Network) is a highly reliable and efficient nationwide electronic funds transfer system.  Lake Elmo Bank provides on-site training.  Some of the options you can use with our ACH program include: 

• Direct deposit employee payroll.  Eliminate paper checks and have your employees' payroll deposited into their checking account electronically.
• Collect recurring payments from your customers.
• Make your own transfers between financial institutions.
• Create files by using your current software or use Lake Elmo Bank's Online Banking package.
• Collect monthly association dues. 

SWEEP ACCOUNTS
Earn more on your deposits.  Have excess funds in your Classic^TM Checking Account automatically transferred daily to your interest-bearing Sweep Account.

POSITIVE PAY
Lake Elmo Bank can help you reduce the risk of check fraud with Positive Pay.  Through an electronic reconciliation process, we match your issued check records with the checks that are coming in for payment.  Any exception items are reported for your review and require your approval.

GIFT CARDS
Now you can offer your customers and/or employees the convenience of gift cards. Select the value for each card issued to your employees or customers.  Card may be rechargeable or can be discarded after one use.  What a great way to offer the traditional gift certificates for promotions, fundraiser, donations or reward/recognition programs!

MERCHANT PROCESSING
Lake Elmo Bank has partnered with a large merchant service provider.  This service provides you with the tools necessary for a business like yours to process credit card transactions.    

• You will have a face-to-face relationship with a local Relationship Manager who cares about your success. They will help you tailor a combined program that maximizes your resources and bottom line.
• Provides you with solid, dependable products at a good, fair price.
• You will ave access to assistance whenever you need it - 24-hours a day, 7 days a week.

Your terminal will accept all MasterCard and Visa®  transactions.  All other major credit cards, including American Express, Diners Club, JCB and Discover can be added to your system at any time. 

BUSINESS DEBIT CARDS
We offer Visa® branded debit cards with your business and individual name embossed on it.  Keep your business and personal expenses separate.

LOCK BOX SERVICES
Lake Elmo Bank can work with you to establish a Lock Box Service for the collection of receivables. 

BUSINESS CREDIT CARD
Enjoy Lake Elmo Bank offers you a competitive  interest rate on your business card.  Individual credit limits are available on a per card basis.  Your business name and personal names are embossed on the card.