If you're an entrepreneur in today's fast-paced business world, time is a valuable resource. As you run your company, you may find yourself juggling numerous responsibilities, such as balancing deadlines, coordinating meetings, overseeing projects, managing employees, and handling finances. Therefore, good time management becomes essential. 

One way to save time and increase efficiency is by using digital banking tools. These tools can streamline your company's finances by enabling you to track income and expenses, pay bills, transfer funds between accounts, and more—all from the convenience of your computer or mobile device. This means you can focus more time on your core business activities and less on administrative tasks. Read on to discover digital banking tools from Ameris that can help save time and improve business efficiency. 

 

With your busy schedule managing your business, it's understandable that you may not always have the time to monitor your business bank account closely. However, it is important to regularly check your account to ensure you have enough funds to cover your company's expenses, verify deposits and withdrawals, and monitor for any suspicious activity. You can do this and more with e-statements. 

E-statements provide a clear and detailed digital record of your business's financial activity at your fingertips. You can access e-statements from your computer or mobile device anytime, anywhere with a secure Internet connection. Plus, you can download and store e-statements, making it easier to manage your business records and prepare for tax season. 

Lastly, by opting for electronic statements, you reduce the risk of sensitive business and personal information falling into the wrong hands. The reason is that these digital formats are less likely to be accessed compared to paper bank statements that can be lost during transit, stolen from mailboxes, or discarded carelessly. 

 

It is important to pay your business's bills on time. In addition to helping you maintain a healthy financial standing and improving your business credit score, paying bills on time can help you avoid late fees and potential disruptions to services. Moreover, consistent and prompt payments can help you build strong relationships with the vendors and suppliers your business uses. 

 

Online bill pay is a digital banking tool that helps you manage your bills efficiently. It lets you pay bills through your online business banking account or mobile banking app. You have the option to pay bills using your business debit card or credit card, or by using funds from your business bank account. 

 

Online bill pay helps ensure you never miss a payment. You can make a one-time payment or set up recurring payments on a date of your choice. Lastly, you will save money by not having to buy envelopes and pay for postage. 

 

Online wire transfers serve as an invaluable digital banking tool for businesses, offering a quick and hassle-free method for completing financial transactions. These transfers are particularly advantageous when making large payments, such as purchasing inventory, finalizing business acquisitions, or securing contracts that require immediate funding. 

 

When you initiate a wire transfer, funds are moved from one bank or financial institution to another, ensuring that your payments are processed promptly and securely. Instead of using cash, the involved banks or institutions share details about the recipient, the receiving bank account number, and the transferred amount. The sender of the online wire transfer pays for the transaction upfront at their bank or financial institution. 

 

The speed at which wire transfers can be completed makes them ideal for time-sensitive financial obligations. Ameris Bank, for example, can process wire transfers on the same day for transfers that meet specific requirements. 

 

Imagine having one or more checks that need to be deposited into your business bank account, and being able to deposit the check(s) using your smartphone or tablet. With mobile check deposit, this once-time-consuming task that required a trip to your local bank branch has been transformed into a quick and efficient process. 

 

You can deposit a check by opening your mobile banking app on your phone or tablet, taking a clear photo of the front and back of each check, and following the instructions to deposit it into your business account. This modern digital banking tool enables you to deposit checks at your convenience, saving you valuable time. 

 

If your business's bank account is running low on funds, if an unusual transaction or suspicious activity occurs, or if a transaction is declined, your immediate attention is required. That's where email and text alerts can help. These notifications can provide real-time updates via email or text (or both), ensuring you stay informed about your account's status and any unexpected changes. By addressing any issues promptly, you can take action to safeguard your finances, avoid unnecessary fees, and protect your account from fraud. 

 

Most banks and financial institutions offer email and text alert services, allowing business customers to sign up for notifications about their accounts easily. If you have a business savings account or business checking account with Ameris Bank, you can sign up for email and text alerts in a matter of minutes within the Ameris Bank mobile banking app. 

 

If you sign up for email and text alerts, it is vital to be aware of bank scam alerts. Scammers are known to send fake bank alerts via deceptive emails or text messages, a tactic known as phishing, and request sensitive information such as usernames, passwords, and credit card details. Always verify the source of such communications before sharing any personal information. 

 

 

Ameris Bank offers a comprehensive range of digital banking tools tailored for business owners, including those discussed in this blog post. If you have a business bank account with Ameris Bank, now is the perfect time to utilize our digital banking tools, which can help you save time and improve efficiency. Sign up for online banking to get started.