Cash Management

Colombo Bank offers a variety of cash management services to suit your business needs. From Online Banking to ACH Payroll Processing to Remote Deposit Capture whether your company's requirements are big or small we can provide the right tools to help you efficiently manage your finances.

Business Online Banking

Get free 24-hour access to your business accounts with Colombo Bank's Business Online Banking. It's a safe and secure way to manage all of your accounts.

  • Check account balances.
  • Review deposit and loan account history.
  • View images of paid checks.
  • See interest paid.
  • Schedule one-time, future and recurring transfers between accounts.
  • Transfer funds to make a payment to a Colombo Bank loan.
  • Sort transactions several ways - by date, amount, checks cleared, and transaction type.
  • Place a stop payment on a check.
  • View and download account eStatements
  • Download account transactions to personal money management software, including Microsoft® Money, Quicken®, QuickBooks® and Microsoft® Excel.

Colombo Bank Business Online Banking is fully customizable. It allows you to grant specific access to employees based on job function. You can set specific times to allow access for any employee. You can allow individual employees to view or initiate transactions on different accounts and set dollar thresholds. There is a built in review process allowing transactions to be authorized before they are finalized.

Contact your branch for assistance with enrollment. An application is available on our Forms page.

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Bill Payment Services

Colombo Bank's Business Bill Payment service puts you in complete control of the bill management process – with the ability to view, schedule and pay bills from one centralized application. Make secure payments to your venders, credit card, telephone, gas, electric companies or anyone else you wish to pay. Payments are deducted from the checking account you choose. Enjoy the time-saving convenience of online bill payment leaving you more time to do the things you really want to do.

  • Schedule one-time and future payments as well as recurring payments, such as your loan and utility bills.
  • Make multiple payments at one time.
  • View your history by recent payments or bill history.
  • Search for payments with a specific payment date, biller, biller category, payment account or payment status.

Enrollment for Business Bill Payment is easy once you are enrolled for Business Online Banking.

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Positive Pay

Each time you issue a company check, you're vulnerable to the possibility of check fraud — whether by outright theft, alteration, or forgery. With Colombo Bank's Positive Pay you can reduce your exposure to fraud and gain the peace of mind that comes with knowing that suspicious items can be detected before funds leave your account.

Positive Pay detects:

  • Counterfeit items
  • Duplicate serial numbers
  • Voided checks or stolen checks presented for payment
  • Checks with altered amounts

Positive Pay is seamlessly integrated into your Colombo Bank Business Online Banking. You have the option of inputting new check items directly online, or by uploading a file. Email notifications are used to notify you of exceptions that require attention. Setup is fast and easy.

Colombo Bank's Positive Pay is the most effective frontline defense against potential check fraud.

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ACH Services

ACH and Direct Deposit services are available through Colombo Bank Business Online Banking. ACH provides the ability to electronically originate and transmit payment files to the bank. This allows you to submit payroll files or debit your accounts through Business Online Banking for transfer to the Federal Reserve, which will then deposit those funds into the accounts of your employees. ACH files can be submitted at any time, on any day. The ACH Editor is easily accessed through your online profile. It allows clients to customize access for specific accounts, permissions, and employee access.

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Wire Services

Colombo Bank offers a full service wire department for our customers. When you need to transfer funds and have them received by a client or vender the same day, your only option is to send a wire. The process is simple. The results are achieved quickly whether you need to send a payment domestic or international.

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Credit/Debit Card Processing

Colombo Bank has teamed up with a third party vender, allowing you to offer a wide range of card-based payment options to your customers such as prepaid and credit card processing. We know that accepting card-based payments can help enhance your cash flow and help reduce the staff and time burden of billing and collection.

  • Support for all major credit cards
  • Comprehensive point-of-sale debit card processing solutions
  • Include prepaid card (gift, wireless, long distance, etc.) acceptance in your payment processing services
  • Automatic deposit options within one business day
  • Easy-to-read merchant statements either paper or electronic
  • 24/7 Toll-free customer support

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Remote Deposit Capture

Remote deposit capture allows you to scan checks to be deposited to your account directly from your business location(s) using our business online banking. Our secure and encrypted internet tunnel assures your deposit is safe.

  • Make deposits when it is most convenient for you
  • Extend the business day until 6:00pm while retaining same day credit
  • Reduce the amount of time spent preparing deposits and copying checks
  • Print or save detailed deposit reports including check images
  • Save employee time by eliminating trips to the bank
  • Eliminate courier costs

Our staff provides onsite installation and training to get your business setup and running with confidence.

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Courier Deposit Service

Colombo Bank offers reliable courier service to deliver check deposits from your office to a Colombo Bank branch for same day processing. Courier service saves you valuable time to focus on other aspects of your business without the headaches of meeting deposit deadlines.

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To Get Started

For additional information on Colombo Bank's Cash Management services please call 800-916-9304. Our offices are open Monday through Friday, 9am to 5pm. You can also contact us via email at: electronicbanking@colombobank.com