Beneficial Ownership
Beginning on January 1, 2024, many companies in the United States will have to report information about their beneficial owners, i.e., the individuals who ultimately own or control the company. They will have to report the information to the Financial Crimes Enforcement Network (FinCEN). FinCEN is a bureau of the U.S. Department of the Treasury. FinCEN began accepting reports…
Check Washing & Check Theft Scams
Check Washing & Check Theft Scams The United States Postal Inspection Service recovers more than $1 BILLION in fraudulent checks & money orders each year. If you mailed a check that was paid, but the recipient never received it, criminals may have stolen it. Fraudsters are targeting paper checks sent through the mail. Once they have a check that…
Relationships still greater than technology!
Written by Max Anderson, Commercial Lender We live in a fast-paced, ever-evolving world of information; perhaps, too much information. Knowing what banking services you need compared to those you don’t, is a challenge. Thankfully, many business owners have already blazed a trail through the thicket of banking products and services using the assistance of institutions like Honor Bank, and…
Get started with Treasury Management
ACH Origination: Fraud Prevention Meets Business Efficiency! Looking to get started with ACH (Automated Clearing House) Origination with Honor Bank? Great! We’re here for your success. ACH origination allows your business to create electronic payments and deposits. ACH Payments Businesses save the time and the expense of writing, processing, mailing, and reconciling checks. Electronic ACH payment capability is ideal…
Helpful alerts
Check out this helpful video featuring our Digital Banking Associate, Brooke Brinkman, which shares some of the most helpful key alerts to set up in your Online Banking. We’re here for your success! For help setting up your alerts, contact our wonderful local Help Center or your nearest branch.
Direct Connect is here!
QuickBooks® Direct Connect: The Bridge between Online Banking and Accounting Keeping an accurate tab on your accounts is already a challenge, let alone all of your statements, transactions, balances, and expenses. Unless, of course, you have QuickBooks Direct Connect with your Honor Bank account. QuickBooks Direct Connect can help you manage your finances more effectively by directly connecting your Honor Bank…
Knowing the value of a quality team
Max Anderson, AVP Commercial Lender Have you ever heard that it takes money to make money? I certainly have. Although frustrating, especially for someone thinking about starting or expanding a business, it is only partly true. It’s common to borrow money when starting or expanding a business. Having the cash for a down payment is important, but what matters…