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Cash Management

The financial management tools your business needs.

Wire Transfers^1-2

Move money wherever your business needs it to go.

Execute wire transfers online

Set up templates for repeat transfers

Secure, multi-level user settings and parameters

Domestic and international wire transfers (U.S. Dollar Only)

¹ A Hanover Business checking account is required for this service.

² All account services might not be available on all accounts. Services are subject to separate service agreements. Fees apply for some services. Deposit accounts are subject to our Deposit Account Agreement. Terms and Conditions apply.

ACH and Payroll Direct Deposit Solutions^1-2

Initiate payments and collections through ACH Manager using business online banking. Process single and batch transactions, include the following:

Payroll

Vendor payments

Expense payments

Accounts receivable collection

Import Nacha files by downloading from your accounts payable or payable software

¹ A Hanover Business checking account is required for this service.
² All account services might not be available on all accounts. Services are subject to separate service agreements. Fees apply for some services. Deposit accounts are subject to our Deposit Account Agreement. Terms and Conditions apply. Ask for our fee schedule.

Positive Pay^1-2

Protect your business checking account(s) against fraudulent checks with Hanover’s Positive Pay service.

Automatically match pre-authorized checks to checks presented for payment

Exceptions (checks that don’t match your checks issued file) are returned to the payee with instructions to contact you for review

Upload your file to make pay or no pay decisions on exception items

Take advantage of ACH Positive Pay to deter fraud, block requests from unapproved parties and move funds between approved business partners

Remote Deposit^1-2

Deposit multiple checks quickly and easily – wherever you are, 24/7.

Deposit checks utilizing a scanner and simple to-use software

Deposit checks upon receipt

Direct transfer to your Hanover Business Checking Account

Identify return items faster, reducing fraud risk

Improve operational efficiency by eliminating trips to the bank

Deposit checks into multiple Hanover accounts

Set up multiple users with varied authorization levels

Maintain electronic copies of checks

Sweep/Zero Balance Accounts^1-2

Work your money harder with a Hanover sweep account.

Automatically move excess funds a higher yield account

Funds transfer nightly

Reduce idle cash

No need to manually manage balances and transfer between accounts

Automatic funding transfers to meet balance requirements and avoid overdrafts

Efficient investment of excess funds

¹ A Hanover Business checking account is required for this service. Please speak to us for additional details.
² All account services might not be available on all accounts. Services are subject to separate service agreements. Fees apply for some services. Deposit accounts are subject to our Deposit Account Agreement. Terms and Conditions apply. Ask for our fee schedule.