Your available balance is the actual balance (or current balance) minus any debit card purchases that have been authorized but not yet posted to your account. This does not include any outstanding items, such as checks written or debit card purchases authorized but not posted. If you have questions about what is required, please contact us by phone at (806) 378-8093 or 1-800-ANB-FREE (1-80).Your actual balance (also known as current balance) is the amount of money you have in your account. Required business organization papers will vary by company size and type. If both items do not match, the check is not cleared and ABC Company will be notified of the exception. If the presented checks' numbers and amounts appear on a previously submitted list, the check is sent through for payment. Later, when the checks are presented to ANB for payment, ANB matches each check presented against ABC's previously transmitted lists. This list is sent to ANB via Business Online Banking. ![]() After the checks are cut, ABC Company transmits a list of the checks that they issued (check number, dollar amount, payee, etc.). For example, ABC Company issues approximately 600 checks each Friday.Any check considered to be potentially fraudulent is sent back to the issuer for examination. Amarillo National Bank uses positive pay to match the checks a company issues with those it presents for payment. Positive pay is a cash-management service employed to protect companies against altered checks and counterfeit check fraud.Learn more about Electronic Check Processing and Check 21 legislation Other Cash Management Services Taking advantage of the latest check-clearing architecture, RDC allows you the convenience of electronically depositing checks, right from your office. Lock Box (Receivables Collection)Īvailable for both wholesale and resale customers, our lock box services offer an efficient way to convert account receivables into available funds. Monthly Account AnalysisĮach month, ANB can provide a detailed summary of your company's checking account activity, with analysis of your bank account usage, specifics on monthly activity totals, and expenses in dollars as well as collected balances. ![]() The following day, the investment is credited back to your company's account.
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