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Cash Management Services for Small Business

Managing cash flow is a big part of growing a small business and its overall success. Our Cash Management Services are geared toward maximizing performance, increase returns on deposit balances and simplifying some of your day-to-day tasks.

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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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​

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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.

We've got you covered. Whether it's online, in person or by phone, banking with Meridian is convenient, fast, and simple.

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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.

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

Online Banking

Meridian offers two Online Banking options to fit your business needs.

Depending on your business size and needs, we can help you determine which platform is best for you: 
Small Business Online Banking or Commercial Online Banking.

Helpful hints about Online Banking