BLC is proud to offer a full range of treasury management services to help you streamline your business banking needs, protect your assets against fraud and maintain better control over your cash flow.
BLC’s Line of Credit Sweep solution allows business clients to automatically manage surplus cash balances to reduce interest expense. This service can automatically move funds back and forth between a client’s primary checking account at BLC and an active line of credit.
The service is automated and maximizes a client’s cash without the necessity of any manual intervention.
Customers must maintain an established minimum target balance in their primary checking account at BLC.
Monthly maintenance fee $75.00
Through our online banking system, BLC offers use of ACH (Automated Clearing House) payments to assist its business clients. With the increasing movement toward an electronic, interconnected and mobile infrastructure, it’s critical that electronic payments work safely and efficiently for all users. The ACH network enables just that: by using batch processing and a store-and-forward system, it moves almost $39 trillion and 22 billion electronic financial transactions each year.
Companies are required to have internet access and a current Windows–based operating system. No software is stored locally on the company's computers.
BLC’s Remote Deposit Capture (RDC) Solution is a service which allows a user to scan checks and transmit the scanned images to BLC Community Bank for posting and clearing. The basic requirements for an RDC service currently include a PC, an internet connection, a check scanner provided by BLC. Checks you receive at your business location can be scanned to create a digital deposit. This digital deposit is then transmitted over an encrypted internet connection to BLC, which then accepts the deposit, posts the deposit to your account and assigns availability based upon your availability schedule.
In its most basic application, here is an example from a customer perspective:
Companies are required to have internet access and a current Windows–based operating system.
BLC’s Positive Pay Solution is an integrated transaction management system that encompasses check Positive Pay, ACH Positive Pay and Account Reconciliation to provide businesses with one of the most effective fraud prevention tools available.
With high levels of check fraud rampant across the U.S., businesses that issue checks to suppliers and other payees need to track their payments. Companies can find themselves facing large debts if a check that has been altered to add a few thousand dollars is cashed, paying out far more than the company intended to release. This can result in an overdrawn bank account and the rejection of other payments, incurring both bank fees and the anger of payees with dishonored checks.
BLC’s Positive Pay Solution offers a robust browser interface for commercial customers, which eliminates the need to install software on your workstations. The daily account reconciliation process automatically alerts you to check or ACH discrepancies and requests Client to make the pay or return decision. Clients can view images of checks, analyze reconcilement reports and submit electronic issued check files all via the web, in a secure paperless environment.
Companies will have access to online account reconciliation to assist with balancing to their bank statements.
Companies are required to have internet access and generate an electronic check file to upload to the Positive Pay system at the Bank. This solution is capable of accepting numerous file formats, including all formats capable of being converted to an Excel file.
Monthly maintenance fee $40.00
* Checks returned will require paperwork
Paying your bills is as easy as 1-2-3 with BLC’s online Bill Pay.
Use Bill Pay to pay companies and people within the United States. Pay anyone that you would normally pay by check; companies, service providers, friends and family members. We don’t recommend using Bill Pay to make state and federal tax payments.
Companies are required to have internet access and a current Windows–based operating system. No software is stored locally on the Companies computers.
Our experienced lenders are ready to provide you with personal, friendly service to develop a loan package that meets your needs.
Let us do the work for you!
Enter what you are searching for and we will show you where to find it.