Account & check reconciliation
Cash Management Balance Reporting
Mechanics Bank offers cash management balance reporting, using the Bank Administration Institute (BAI) file format. BAI files contain your account transaction activity that is translated into standard BAI codes. BAI reports containing all balance and transaction data from the previous day are securely transmitted to you. Standard BAI codes enable you to update your accounting systems automatically with data from multiple banks, making the process simple and quick.
Key features:
- Provides uniform transaction reporting
- Saves time and money by automating your account reconciliation process
Business Online Banking Services
Business Online Banking provides detailed reporting of your account information enabling you to reduce the time you spend reconciling your account.
Key features:
- View real time and historical balance & transaction information when you need it 24/7
- View current and historical account statements
- View images of your paid checks and deposited items
- Export account activity to financial software or spreadsheets to help automate your account reconciliation
- Process external fund transfers with increased online security controls
- Categorize transactions online and use them to create income and spending reports
For more information about these Cash Management services, please contact us at 800.272.1876