Business Banking

Payables

Gain more control over your payments and cash flow

 

The way you manage payments directly affects your business efficiency. Our comprehensive solutions automate your accounts payable. Monroe Bank & Trust can help you make full use of alternative payment methods to extend payment terms with suppliers, eliminate paper processes and manual data entry, effectively reconcile accounts, and monitor for fraud.  

Payables

Online Bill Payment

MBT's online bill payment service is FREE1 and makes online payments easier and more convenient.

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  • Easier navigation.
  • More Control: The pay date you select is the day you want your payee to receive payment. Taking the guess-work out of whether it will be on-time or not.
  • View electronic versions of some of your paper bills.
  • Create payments and view payee information from a single screen – even pull in bills from many of your payees directly to the system.

ACH Payables

Manage Payables quickly and efficiently! Does your business need a simple, streamlined way to manage outgoing transactions? Make electronic payments on time, every time. Reducing late payments and eliminating time-consuming check writing and saving postage.

  • Improved forecasting with scheduled payments.
  • Operational efficiency and accuracy over manual check payment processing.
  • Eliminates the need for check writing and mailing of regular disbursements.
  • Ideal for recurring disbursements including: payroll, annuity or pension payments, interest and dividends, expense reimbursements and accounts payable.

Direct deposit & payroll cards

We make it easy for you to achieve 100% electronic payroll with two great options.

Direct Deposit - Improve the efficiency of company payroll deposits and provide the convenience and security of Direct Deposit.

Payroll Cards2 - These prepaid cards replace paper paychecks. And there is no cost to implement standard program.

  • Eliminate the need for time-consuming check writing.
  • Reduce administrative time, save on the expenses of check printing, processing and distribution, and reduce your cost and risk of lost checks and check
    fraud.
  • Employees will still receive a pay stub and their funds are immediately available on payday.
  • Ask about MBT's "Bank at Work" program to help encourage your employees to get signed up.
 

Wire transfers 

Electronically send funds anywhere in the world quickly and easily with Wire Transfer. Don’t let paper payments and slow international mailing services slow down your business.

 
  • Eliminates the need for inconvenient check writing and time-consuming international mailing.
  • Makes disbursements immediately available.
  • MBT will convert funds to proper national dollar value.
  • Initiate wires conveniently from your home or office.

Online tax payments

Pay state and federal taxes electronically at no charge. Ensure timely payment and eliminate the hassle of checks and postage.

  • Paper-Free, Hassle-Free.
  • Eliminate the need for time-consuming check writing.

Payroll services & HR compliance

MBT, in partnership with Dynamic HR®3, can be your payroll and human resources "department."  A FREE, no-obligation Business Evaluation can identify potential threats to your business and offer suggestions and programs to minimize your risk levels, protect your business legacy and provide guidance for benefits and retirement plans.  

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  • Payroll Administration.
  • Human Resources Management.
  • Employee Benefits Options & Plans.
  • Retirement Plans.
  • Business Risk Management.
  • Complete Financial Services for the business and its employees.
  • Services specially tailored to your business. YOU select the number and type of HR services that best meet your needs.  

 

 

ADDITIONAL SERVICES

 

RECEIVABLES

 

CONTACT BUSINESS SERVICES  

or call 800-321-0032 to explore how these solutions can help your business.  

 

1 Fees: a $7.00 monthly inactivity fee for MBT Online Bill payment applies if the account goes unused for 30 days. The fee stops on the next billing cycle if online bill pay is resumed.

2 Services are offered through inPrepaid Technologies and its licensed affiliates. inPrepaid Technologies is a separate entity and not affiliated with Monroe Bank & Trust.

3 Services are offered through Dynamic HR and its licensed affiliates. Dynamic HR® is a separate entity and not affiliated with Monroe Bank & Trust.

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