Other Services

CoBank Cash Manager

Do More With Your Money

CoBank Cash Manager is a suite of banking services that puts your idle cash to work by automatically sweeping funds between a business account, revolving line of credit and a future payment fund account. Your funds are always working for you in the most optimal way, eliminating the hidden cost of leaving your cash idle.

As a CoBank Cash Manager customer, you will save on interest expense, earn higher rates on your cash balances, enhance the efficiency of your office staff, reduce float, and receive one-stop consultation and support from our best-in-class providers. Put your cash to work by paying down your loan or increasing your investment.

CoBank Cash Manager is designed especially for America’s rural businesses. These convenient online tools save you both time and money.

  • - Deposit money quickly and easily
  • - Make and collect payments
  • - Balance accounts
  • - Automatic loan sweeps

Learn more about the benefits of enrolling in CoBank Cash Manager

Deposit Solutions

CoBank Cash Manager offers several solutions to accelerate availability of your funds and to make your accounts receivable and application processes more efficient.

  • Deposit checks remotely
    Scan your checks and transmit them electronically to your CoBank Cash Manager account, reducing the number of trips you need to make to the bank. Reporting options are available to streamline your accounts receivable updates. You will have next day access to your funds – sometimes as much as two days sooner compared to standard deposits.
  • ACH Deposit Services
    With this solution, your customers can remit electronic payments to you or you can initiate pre-authorized drafts from them – both one-time and recurring payments – strengthening your cash flow projections.
  • Automated Cash Concentration
    If you have the need to make deposits locally, we can automate the sweep of these funds to reduce your loan balance or increase your investment with us. You define the parameters – how much and how often your funds will be swept.
  • Receive faster access to funds through Lockbox processing
    Lockbox processing gives you faster access to your funds by reducing mail float time and quickly posting your collected funds. We provide same-day online access to the images of all deposited checks and supporting documentation. With sites across the country, this is also a simple, proven way to reduce the administrative burden of processing checks.

Disbursement Solutions

With CoBank Cash Manager disbursement solutions, you get just-in-time funding of your payments from your CoBank Cash Manager account – keeping your funds with us helps keep your loan balance lower and your investments working longer.

  • Controlled Disbursement
    You will know the total amount of checks presented early on the day they clear with CoBank Cash Manager’s controlled disbursement feature. Plus, your account is automatically funded from your loan or investment with the exact amount needed. Some customers may gain more float on checks they write.
  • ACH Disbursement Services
    CoBank Cash Manager’s ACH services let you set up automatic payments from your CoBank Cash Manager account to pay your employees, vendors and taxes.

Reporting and Reconciliation Support

CoBank Cash Manager offers online reporting and reconciliation support to help simplify your administrative tasks. In addition to a daily account summary, you have online access to transaction details, including checks, ACHs and wires, as well as loan and investment activity. You can view one or multiple accounts, specify date ranges or transaction types, or search for specific items. The activity detail can be exported for use with your internal systems, and images of your cleared checks are readily available online.

Through this tool, we can help you reconcile your CoBank Cash Manager accounts each month by providing either a Paid List of your cleared checks, or a Full Reconciliation Report that includes your issued, paid and outstanding checks. These online reports can be supplemented with a data file that can be uploaded to your accounting system to automate your reconciliation process.

Fraud Detection Tools

Safeguard your funds with powerful tools designed to protect you and your money from fraud.

Positive Pay helps guard against check fraud as well as check irregularities such as encoding errors and multiple postings. Protecting your account from fraud has never been easier with the option to choose the service level that fits your business.

  • Learn more about Positive Pay
    With positive pay, you send a file of issued checks to the bank, including check number and dollar amount with the option of payee name. When checks are presented, they are matched to your file. Exceptions are flagged so you can review them online and determine whether or not to pay them. The optional paid check review feature lets you review every check to decide whether it is valid and should be paid or is unauthorized and should be returned.
  • ACH Fraud Filters
    This tool has in place ACH Fraud Filters that guard against unauthorized parties initiating electronic payments on your CoBank Cash Manager account. You have the flexibility to block all ACH presentments or to review exceptions and decide which ACH transactions are allowed to settle against your account. It’s easy to manage your authorized parties and maximum dollar amounts online.

Merchant Services

Whether you are billing for recurring payments or accepting credit cards at the point of sale, we offer competitive rates, and you have use of your funds within 24 hours.

Business Credit Cards

Provide key employees with VISA® cards and eliminate the need to use personal credit. Maintain controls by setting purchase limits for each cardholder. Merchant blocks are also available if needed.

Investment Services

Take advantage of investment opportunities automatically when your daily cash position allows. Choose from a variety of funds, all of which offer safety and liquidity for your short term investment needs.

Don’t let your money rest easy – make it work for you with CoBank Cash Manager. Call your local Farm Credit West office for more information today.

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