Cash Management

Contact a Commercial Deposits Representative at any Hills Bank location for more information about any of these services.

Cash Management Services
Account Reconciliation
ACH Origination (Direct Deposit)
Cash Management Account (Sweep Account)
CD-ROM Images
eStatement
Hills Bank Check Collect
Hills Bank Direct Merchant (Remote Capture)
Hills Bank OnlineSM Business Connections
Holiday Schedule
Lockbox Services
Positive Pay
PowerPayTM for Business Customers
Wire Transfer

Hills Bank Direct Merchant (Remote Capture)

Go Green with Hills Bank Direct Merchant!

Hills Bank Direct Merchant allows you to make a business deposit at your business location using an image scanner. The check images are then sent electronically to Hills Bank for processing. Scanned paper checks must be securely stored at your business for at least 60 days before they are destroyed.

Benefits of Hills Bank Direct Merchant

Consolidate multiple banking relationships to Hills Bank

• Concentration of funds
• Use all available funds to offset account fees
• One number to call if there are questions
• Only one set of bank statements to reconcile
• No need to transfer funds from remote offices via checks or ACH (Automated Clearing House)

Reduce the number of trips to the bank

• Employees are more productive because they're spending less time away from the office

Improved cash flow

• Receive same day credit for deposits made prior to cut-off time

Security

• No need to worry about the security of transporting deposits to the bank

Confidence that the deposit has been made

• An email confirmation will be sent when the deposit has been presented to our Operations Center

Successful balancing before submitting to the bank

• No need to worry about adjustments or corrections to the deposit

Reduce the carbon footprint of your business

• Save time, trees, fuel and money

Join the many Corridor businesses that have made the switch and Go Green!

Contact Nicole Slaubaugh at 319-358-2277 or Kelly Thompson at 319-866-7016 for more information about Hills Bank Direct Merchant.

If you are an existing customer, view the Hills Bank and Trust Company ACH holiday schedule for processing dates.

Frequently Asked Questions about Hills Bank Direct Merchant

How will Hills Bank Direct Merchant benefit my company?
Direct Merchant will reduce the time needed to prepare deposit tickets and the number of trips made to the bank, while improving the speed and efficiency of both collections and returns.

How does it work?
Using image-based technology, Hills Bank Direct Merchant enables you to submit checks using a PC and scanning device located at your own location. Each check scanned creates an electronic image that is transmitted directly to our Hills Bank Operations Center, working its way into the collection stream faster than a paper check and making funds available to your business sooner.

Do I have to change or upgrade my computer system?
The minimum system requirements are as follows: (subject to change)

Hardware:

• 3.0 GHz Pentium 4 Processor
• 1 GB RAM
• 10/100 Network Card
• USB 2.0 Port
• CD-ROM drive (optional)

Software:

• Windows 2000 users need Service Pack 4
• Windows XP (Prof. Edition) users need Service Pack 2
• Windows 2000 users need Service Pack 4

Who will use the system? What type of training will be provided for them?
Individuals already in charge of manually preparing and delivering deposits are typically the main users of this automated process. A Hills Bank Direct Merchant representative will contact you to arrange a time for training employees.

How late can I make a deposit and still get same-day credit?
The cut-off time for same-day deposits is 6:00 pm CST (subject to change).

How long does it take to get setup?
Once we receive your completed Pre-Install Questionnaire we typically are able to have a business set up on Direct Merchant within two weeks.

What do I do with the check after I make the deposit?
You must keep the original checks for at least 60 days before destroying.

Do I pay extra to set up multiple accounts for deposit?
Each location will be charged a monthly service fee and can have as many accounts as they prefer without additional charges.

Is the fee passed to the analysis of my account?
Yes, if you have a Hills Bank Commercial Checking Account your monthly fees will be accounted in your monthly account analysis. If you have another business account type you will see a fee on your monthly statement from Hills Bank and Trust Company.

What types of checks can be processed through Hills Bank Direct Merchant?
U.S. money checks drawn on banks with valid U.S. routing and transit numbers are accepted, including personal checks, business checks, and postal money orders.

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131 Main Street, Hills IA 52235 • 1-800-HILLSBK
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