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Business Deposits Services

Market

Cash Management

This service automatically transfers excess funds in your commercial checking account into your commercial money market account.

At the end of each day, the collected balance of your checking account is reviewed and any funds in excess of a pre-determined target balance are transferred automatically to your money market account.

Funds held in the money market account will be transferred back to your checking account as needed to cover your withdrawals and/or payments. There is a limit of six transfers per month from your money market account. There is no service charge for this automatic transfer service.

Here how the service works:
      Balance (end of day) $97,000.000
      Target Balance $35,000.00
      Investable $62,000.00
      Transferred to MM account $60,000.00


Only increments of $10,000 are transferred to the money market account.


Overdraft Services

Overdraft Protection services apply to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account, or line of credit you may have at Harford Bank for a fee or finance charge. Please note that overdraft lines of credit are subject to credit approval.

Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a fee in order to pay a transaction. Even if you have overdraft protection, Overdraft Privilege is still available as secondary coverage if the other protection source is exhausted.

You can receive more information about these services at any Harford Bank office.


CDARS®

The Certificate of Deposit Account Registry allows you to insure your CD deposits in excess of the FDIC insurance coverage of $250,000. There is no charge for this service.


Re$ubmitIt®

This program provides for the electronic recovery of returned items which you deposited to your account. It is a good way for a business to minimize losses due to the collection of bad checks. There is no charge for this service. For more information, click here.

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