Cash Management
Account Analysis Statement
An account analysis statement shows the price of each bank
service used, the volume of activity, and the compensating balance
required.
Cash Concentration
Improve cash control and forecasting while reducing float and
mail processing. Cash Concentration enables the centralization of
funds from multiple bank accounts anywhere in the US allowing for
higher investment yields or debit reduction.
CD ROM
There is no need to call the bank for a photocopy of a cancelled
check. CD ROM provides a copy of the front and back of checks and
statements on a neatly formatted compact disc saving storage space
and reducing research time.
Combined Account Analysis
Your business may benefit by combining multiple regular business
checking account balances to offset service charges. At the end of
each month, we'll combine multiple business checking account
balances and account activity to calculate service charges.
Commercial Line of Credit Sweep Account
Based on an agreed upon target balance, we will automatically
move funds to or from a commercial line of credit to manage excess
balances, reduce interest and save time.
Direct Deposit of Payroll
Direct Deposit provides a valuable employee benefit and can save
time and reduce fraud. Home Federal provides cost effective Direct
Deposit solutions for any size business without expensive start-up
costs or complicated systems.
Direct Payment
The fastest way to collect rent, dues or other receivables, Home
Federal's Direct Payment service utilizes the Automated Clearing
House (ACH) to electronically collect monthly or quarterly payments
from tenants, members or other regularly scheduled payment streams.
Home-Bank
Real-time internet banking in a secure personal computer
environment. Check current and anticipated account balances,
research and export account information, transfer funds between
business accounts, view check images and more.
Fine Sort
Let us know if you would like your checks returned with your
bank statement and we will return them in numerical order.
iLINK
Our premier treasury management workstation offers all the
standard features of eBank plus the ability to manage multiple
security access levels and assign access to specific resources.
Additional module options include direct deposit and direct payment,
positive pay, remote deposit capture, wire transfers, stop payments
and cash concentration and disbursement.
Lockbox Services
Our Lockbox Service improves the availability of funds by
accelerating the collection of remittances through a reduction of
mail float and administration. All remittances are verified,
endorsed and deposited to your account on the same day. We will
email, fax, or telephone a listing of receivables.
Positive Pay
Safeguard against fraudulent or invalid checks clearing your
account. We will compare presentments to checks issued and alert you
to exception items. You decide which checks should be paid giving
you complete control.
Remote Deposit Capture
Remote Deposit Capture replaces traditional deposit processes,
reducing the time, effort and overhead costs associated with deposit
preparation, validation, transportation, processing, and
administration. Instead of going to the bank to make your deposit,
simply scan the deposit ticket and checks and the virtual deposit
posts directly to your account.
Seasonal Analysis
Seasonal Businesses may benefit by combining several months of
activity and balances to off-set service charges. We will aggregate
three or six months of account activity and average the account over
the same period to reduce service charges.
Zero Balance Account (ZBA)
ZBA's give you efficient, centralized use of available funds for
investment purposes while maintaining multiple disbursement accounts
at either a zero balance or other predetermined minimum balance.
Special Handling - Returned Deposited Items
This deposit service enables business customers to direct the
Bank to forward returned deposited items back to the customer or to
a collection agent after the first present. The customer may also
request The Bank to forward a Returned Deposited Item to a
collection agent after the second presentment.
Cash Management please contact us at:
Home Federal Private Bank -Edina
Phone: 952-848-5360
Fax: 952-848-5399
E-mail: info@homefederalprivate.com
Danae Ostern
Home Federal Private Bank -Rochester
Private Banking Rochester
Phone: 507-280-7227
Email: danae.ostern@homefederalprivate.com
Angie Rustad
Senior Vice President
Private Banking Rochester - Downtown
507-280-7250
Angie.rustand@homefederalprivate.com
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