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Commercial Cash Management Services

Our Cash Management services are tailored to maximize the performance of your commercial business by helping to manage cash flow. Plus, our Cash Management team can work with to understand your business needs, identify efficiencies to improve results and provide investment advice to increase returns on deposit balances.

Meridian Cash Management Professionals

Effective cash flow management is the heart of any healthy business. Meridian’s Cash Management Professionals are always available to consult with you and recommend Cash Management services to support and maintain a strong cash flow. They can help you:

  • Determine greater cash flow predictability
  • Minimize exposure to risks such as cheque fraud
  • Reduce administrative costs and streamlined processes
  • Improve client and employee satisfaction
  • Maximize returns on capital resources

Commercial Automated Funds Transfer (CAFT)

Automate recurring receivable and payables with Meridian’s Commercial Automated Funds Transfer (CAFT) Provide your customers with pre-authorized payments or provide direct deposit for your employees.

  • Automate your payroll process by depositing funds directly into your employees' accounts
  • Make recurring payments to suppliers
  • Automate the collection of monthly membership fees, maintenance fees or rent
  • Use as a donation collection tool for Charities, Churches and Non-Profit Organizations
  • Time your payments accurately to help with budgeting

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Express Cheque Deposit™

Meridian wants to make depositing your business cheques simpler, easier and faster. With Express Cheque Deposit you can do just that. Exclusive to our Small Business Banking Members, Express Cheque Deposit allows Members to deposit multiple cheques directly from their office into their account.

  • Deposit up to 200 cheques at once
  • Deposit cheques from multiple offices and locations
  • Save time by depositing directly from your computer
  • Cheque scanner set-up is simple and fast

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Deposit Anywhere™

Convenient, free, and easy to use, Meridian offers Deposit Anywhere™ through Small Business Online Banking. Deposit Anywhere™ allows you to make cheque deposits safely and securely, anytime and anywhere. Just take a photo of a personalized cheque with your phone and deposit into your account using the Meridian mobile app.

Government Tax Payments (CRA)

Through Meridian’s Small Business Online Banking, our Members can do their Tax Payments via Assure Pay Service in partnership with TELUS.

  • Manage payment types
  • Create and manage payments made in AssurePay
  • Schedule, update or delete a Tax Payment
  • File and pay federal and provincial taxes
  • Meet government tax reporting requirements
  • Check your transaction history and manage transactions

Wire Transfers

Meridian’s Wire Transfers service gives your business the ability to send and manage payments in any major currency to customers and suppliers worldwide.

EDI Services

Manage your revenue stream and receivables with Meridian’s EDI Services. Great for businesses with high receivables or where remote collection is needed.

  • Increased payment options for your clients (including online banking, ATM and telephone banking)
  • ​Reduction in late payments
  • Acceleration of receivables improves capital resources 
  • Guaranteed funds on all payments received through this channel eliminating the chance of NSF’s
  • Streamlined reporting with consolidation of multiple FI data files into a single report from lead Bank
  • Electronic data file option providing opportunity to automate AR reconciliation​

Treasury Accounts

An ideal account for small business owners looking to earn interest on larger balances. Get your available funds working for you with a solid return and convenient, anytime access online.

  • Competitive market rates
  • Interest is paid on the entire balance (Canadian account only)
  • No monthly or transaction fees
  • Funds are available anytime

Cheque Archive

Meridian Small Business Members can view and print all of their cheque images online. The Meridian Cheque Archive stores a digital image of all cheques deposited. Members are able to pull up any cheque through Small Business Online Banking by filtering through a number categories including date range and cheque number.

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