SMALL BUSINESS

Business Online Banking

Do your business banking wherever and whenever you like with Business Online Banking, BankAtlantic’s web-based Treasury Management system. Benefit from features designed to make managing your business finances easy, convenient and secure. With Business Online Banking, you have secure access to a full array of Treasury Management services at your fingertips. Whatever your business banking needs are – from gathering balance information to setting your daily cash position and making transfers to fund accounts, to wiring vendor payments and collecting monthly service fees electronically – Business Online Banking can meet your needs.

Business Online Banking Features:
Balance Reporting – allows you to view and create reports containing Previous Day (close of business) and Same Day (real-time) summary and detail data from your BankAtlantic business deposit accounts. Reports may be exported in numerous formats or easily printed from your web browser. You’ll also be able to view images of paid checks and deposit tickets and search for transactions by filtering or sorting data into a summary table. Advanced users may even create and save a transaction summary by selecting specific BAI2 transaction codes.

Online Statements – enables you to securely view and store your monthly deposit account statements.

Electronic Report Delivery (“ERD”) – enables you to securely view and store reports rendered periodically from various back office banking systems. These reports include Account Analysis Statements, ACH Returns, EDI and EDI Exceptions, Deposit Recon and Paid Items.

Book Transfer – enables you to transfer funds in real-time – or at a scheduled time – between your related business deposit accounts at BankAtlantic. Simply select the “From” and “To” accounts from the eligible accounts list and enter the transfer amount and date. If you have several deposit accounts, you may setup multiple transfers are also provided. Standard and customized reports containing summary and detail data from your book transfers are also provided.

Stop Pay – enables you to initiate real-time stop payments on an outstanding check or range of checks to BankAtlantic. A confirmation of the stop payment is presented after each completed request. You may also cancel stop payments and inquire on the status of a check. Standard and customized reports containing summary and detail data from your stop payment activity are also provided.

Loans – enables you to view summary and transaction information on your loan accounts, perform draw/advances to eligible deposit accounts, as well as make payments from eligible deposit accounts. Standard and customized reports containing summary and detail data are also provided.

Automated Clearing House (“ACH”) Origination – supports a range of payment types, including vendor payments, payroll direct deposit, Federal (EFTPS) tax payments, intra-company transfers, preauthorized debits and miscellaneous payments. For advanced users, Business Online Banking’s ACH Pass-Thru service supports payment of multiple invoices with a single CTX “NACHA” vendor payment file. If you prefer to use your own software to create ACH transactions, you can import them in a variety of file formats including Comma Delimited and Fixed Width into a batch. Customized reports containing summary and detail data from ACH batch and payment activity are also provided.

International ACH Transactions:
In accordance with NACHA rules, BankAtlantic is not a Gateway Originating Bank and therefore does not originate International ACH Transactions (“IAT”). All out bound ACH transactions are limited to domestic transactions, and all incoming IATs are subject to the OFAC regulations. Deposits may be delayed in accordance with NACHA and OFAC regulations in instances where an IAT originator is a match or possible match on the OFAC lists. Processing, settlement and/or availability of these transactions may be temporarily suspended if enhanced scrutiny or verification is determined necessary.

Customer acknowledges that entries may not be initiated that violate the laws of the United States.

For more information and frequently asked questions regarding IATs, please click here.

Wire Transfer – enables you to initiate domestic and international wire transfers in USD or several foreign currencies. Various types of wires can be created individually or in groups for high volume users, initiated in real-0time or future-dated. Advanced users may import batches of wire instructions created with their own software. Approval settings offer security features that allow you the flexibility to set transaction limits, control approval levels and restrict dollar amounts for each individual user. Standard and customized reports containing summary and detail data from your wire transfer activity are also provided. Reports containing detail of incoming wires that have been credited to your account during the day can be provided via email or fax.

Bill Payment – enables your company to efficiently manage and control your company’s bills, from delivery to presentment and payment. Pay anyone at anytime, electronically link relevant invoice and credit information with your payments, receive bills electronically, check the status of pending bills and download the payment information into your business accounting software package.

Alerts – enables you to establish alert notifications based on account activity or approval requirements for ACH or Wire Transfer requests. Alerts can be received via multiple sources, such as text message, voice-recorded message, or by email.

Company Administration – allows you to setup separate user IDs and passwords for each user within your organization and designate access privileges by account and by feature. This means you specify any and all access privileges for users, including whether they can view account information for any specific account and input or approve requests for ACH or wire transfers. You can even designate administrative privileges to other users, allowing them to create and maintain user privileges. Adding, deleting or modifying user privileges is done with an easy-to-use point and click interface. The Audit feature allows authorized users to monitor and track the activity of other users within the system. It also provides the ability to track administrative activity that has occurred on behalf of a selected user, such as assigning permissions or changing a password.

Help – provides detailed descriptions of each service and step-by-step instructions for how to use them. A user-friendly reference index makes it easy to locate the information you need to make the most of your Business Online Banking services.

Business Online Banking Security Features:
Security features within Business Online Banking provide 128-bit encryption. Access to dollar limits and transactions and other specific features within the system can be controlled for each system user, for greater audit controls and peace of mind. One Time Passcodes and challenge questions serve as additional security factors preventing unauthorized access.

Business Online Banking System Requirements: