Important alert: We have received reports of fraudsters impersonating Mechanics Bank employees. Please be aware that we will never call, text, or email you to ask for your password, personal information, or PIN details. If you receive a suspicious call, hang up immediately and contact us at 800.797.6324.  

Business Banking FAQs

Business Banking FAQs

Business Remote Deposit Service

Business Remote Deposit is an online service that allows you to scan checks and remotely deposit them to your Mechanics Bank business accounts.  The service is an efficient tool that companies have come to rely upon.  Using the service can reduce, if not eliminate, the need for your staff to make a deposit at a Mechanics Bank branch.

Key features:

  • Convenience of depositing your checks from the comfort of your own office
  • Extended deposit window hours
  • Reduced cost, carbon footprint and risk exposure of transporting deposits to the bank
  • Duplicate detection tools help ensure the same check isn't deposited twice
  • Online deposit reports available in multiple file formats

Online Wire Service

Online Wires is an effective payment method that ensures timely delivery of funds to a beneficiary's bank account for the immediate use.

Key features:

  • Initiate domestic and foreign wires in USD from the convenience of your office
  • Create repetitive wire templates, simplifying future transfers
  • Enhanced security with multiple user access & approval levels
  • Same day processing for wires initiated by established cut off times
  • Ability to consolidate a large volume of wire requests in a single batch
  • Online reporting available for incoming wire transfers

For more information about these Cash Management services, please contact us at 800.272.1876

Automated Clearing House (ACH) Origination Service

ACH is a secure electronic payment method widely used by companies to remit Payables or collect Receivables.  It is commonly used for direct deposit of payroll, vendor payments, tax payments and the collection of payments due from your clients or members.

Key features:

  • Establish repetitive ACH templates, simplifying future transfers
  • Saves the time and cost of issuing and distributing checks
  • Reduces fraud exposure by reducing check activity
  • Generate detailed reports of ACH origination history
  • Enhanced security with multiple user access and approval levels
  • Immediate availability of funds for the beneficiary on the designated settlement date
  • Ability to upload ACH files created from your accounting software

Electronic Data Interchange (EDI)

EDI enables fast accurate and reliable exchange of data between companies and replaces the usage of faxing and mailing of paper documents.  The EDI service passes invoice and payment data through the ACH network, streamlining your accounting and receivable and payable functions.  EDI can include data such as the sending party's name, invoices, purchase order number or other reference information that identifies the purpose or breakdown of the payment.

Key features:

  • Decreases costs by reducing clerical work and less paper usage
  • Increases efficiency by automating paper-based tasks
  • Reduction of data entry errors
  • Improves processing time of accounts receivable receipts
  • Same day confirmation of payment details
  • View and download EDI reports conveniently through Business Online Banking

For more information about these Cash Management services, please contact us at 800.272.1876

Positive Pay Service (Check & ACH)

Check and ACH fraud in the United States continues to increase by millions of dollars.  Our Positive Pay service helps minimize the risk and exposure of fraudulent checks and unauthorized ACH items.

Key features:

  • Detects suspicious check and ACH activity and reduces the risk of financial loss
  • Online review and decision-making of unmatched exception items
  • Daily exception item email and text notifications
  • Conveniently upload multiple issued checks in a bulk file or manually enter checks individually
  • Create and manage filters online for approved incoming ACH transactions
  • Extract item reporting in multiple file formats
  • Automates and simplifies account reconciliation

For more information about these Cash Management services, please contact us at 800.272.1876

Yes. Business Online Banking and Commercial Center provide Single Sign On (SSO) access to the new Positive Pay/Account Reconciliation system.

Accelerate funds availability, simplify remittance processing and turn receivables into faster cash, with Mechanics Bank Lock Box Services. Consider our Lock Box service an extension of your office for remittance processing that's quick, economical and convenient.

Key features:

  • A designated P.O. Box is assigned for your payments
  • Customized processing of checks, invoices and remittance details, to meet your specifications
  • Speeds up processing time of your payments, providing quicker access to your funds
  • Generate detailed reports of ACH origination history
  • Streamlines receivables processing, decreases costs and frees your staff to work on more profitable activities
  • Online images and report viewing, transaction history, and data file downloading available

For more information about these Cash Management services, please contact us at 800.272.1876