| TOOLS TO HELP MANAGE YOUR CASH FLOW |
AgriLand Farm Credit understands how important your cash flow is to the success of your business. That's why we offer convenient services to help you manage your financial transactions and make doing business with us even easier.
Here are a few of our cash management products. If you are not using them, call us to discuss how they might benefit you. |
Account Access
This confidential, secure Web-based program allows you to view your association account online. For example, you can track when your next payment is due, see the remaining balance on your note, and more. Sign up today!
AgriLine
Accessing your line of credit is as easy as writing a check. AgriLine is a checking account linked to your Farm Credit line of credit. It allows you to purchase goods or services by writing a check. The check is automatically deducted from your line of credit, increasing the balance.
AgSweep
A simple and safe method of increasing your company's earnings, AgSweep allows you to minimize excess balances and maximize your return on available funds. Sweep accounts are beneficial for large agribusiness operations that have a high cash turnover and daily cash needs. With AgSweep, you can link your revolving line of credit loan to your Wachovia Bank checking account. Funds are automatically advanced from a line of credit when the commercial checking account falls below the target balance. When excess funds are available in the checking account, the funds are swept and applied to the outstanding balance of the line of credit.
FastCa$h
With just one phone call, you can make a loan payment or request money from your loan without leaving home. The money will be automatically transferred to or from your bank checking or savings account. Call today, and the money will be in your account tomorrow.
GFX
Fast and secure, a wire transfer is the electronic movement of funds with same-day settlement. Through GFX, the association has the abiity to create a wire transfer from a desktop in the office. A GFX wire transfer is sent to your or your designee's bank account. Payments made by wire transfer are same-day payments.
Lock-Box Accounts
Receiving and clearing your checks will be more efficient if you make your payments through a lock box, which in turn reduces the operating expenses of your association. Lock boxes provide a company with a special zip code and quicker deliveries from regional post offices. Lock-box payments are excellent for term loans.
Preauthorized Electronic Installment Drafting (PAID)
Save money on stamps and make your payments on time by setting up this automatic withdrawal service. An electronic draft will be drawn on your bank account. If the interest rate changes, you will be notified of the change on a billing notice, and the new installment amount will automatically become the amount withdrawn from your account.
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