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Welcome to the Business Suite

Business Suite is Bank of the James’ online cash management services, empowering you with the tools you need to effectively manage your treasury services. 

The Business Suite

  • Business Online Banking with Bill Pay
  • eAlerts
  • View account information online
  • ACH Manager Service
  • Positive Pay
  • Remote Check Deposit Service
  • Wire Transfer Management
  • Line Of Credit (LOC) Sweep Accounts

 

About the Business Suite

At Bank of the James, our main focus is developing long-term, value-added relationships with our clients. Whether your objective is to accelerate collections, streamline payables, or reduce risk, we will take the time to understand your internal processes to help you achieve your goal. We are committed to making it as easy as possible for you to do business with us so that you can enhance your productivity. Our products and services, along with our local support, are designed to help you to improve transaction processes as well as create efficiencies within your business.

We understand that efficiency is a key element in keeping your business competitive. We’ve implemented the leading edge in banking technology to provide your team with the tools to do almost any banking transaction online and on your own time.

Business Suite: one login, one password – unlimited possibilities

Imagine a single, simple gateway to your suite of business banking services. Once you’re in The Business Suite, all accounts are in view on one custom screen, offering a new level of efficiency in banking, treasury solutions and cash management.

The Business Suite offers quick and easy access to critical information to help you increase efficiencies within your internal processes, along with a variety of information reporting tools to better manage your incoming and outgoing payments. When used to its full advantage, The Business Suite allows you to conduct all of your regular Online Banking transactions as well as deposit checks, pay bills, make single and batch ACH transfers, make wire transfers, and protect your account from check fraud. The Business Suite provides businesses with secure real-time access to account information 24 hours a day, seven days a week. You can set up multiple users and user authorization levels to customize Business Suite to the needs of your organization and your team.

Online Banking & Bill Pay

Pay vendors, receive e-bills, pay multiple invoices or bills from a single vendor, include invoices and credit memo details with payments, and maintain internal control over the creation, approval, disbursement, and viewing of all payments.

  • Set up multiple users
  • Customize user authorization levels so you control the level of account access for each user
  • Set up an online dual control process to manage cash flows
  • View real-time balances
  • Transfer funds between accounts instantly
  • Pay bills through our check-free Bill Pay service
  • Initiate real-time stop payments
  • Make real-time transaction inquiries
  • Sort your account transactions by date, amount, payee, and/or check number
  • View up to 24 months of transaction activity
  • View check images
  • Assign account nicknames
  • Access online reporting
  • Download statement information into your accounting software including Intuit QuickBooks®, Quicken® or a comma-separated file (CSV)

Texts, eAlerts & eStatements

Schedule text or email alerts to inform you of specific account activity. Stay up to date on wire activity, transfer activity, deposits and daily balances with eAlerts delivered to you as scheduled.

  • Balance Notices: Notifications are produced based on a balance threshold you determine.
  • Withdrawal Notices: Notifications are produced when certain debit activity occurs on your account (ie: POS debits, automatic payments, checks)
  • Deposit Notices: Notifications are produced when certain deposit activity occurs on your account (ie: Direct Deposits, regular in-branch deposits)
  • Overdraft Protection Notices: Notifications are produced when transfers occur from a line of credit or savings account to cover an overdraft
  • Interest/Maturity Notices: Notification of deposited interest or CD maturity

There is no bank fee for this service, however your cell phone provider may impose a fee for incoming text messages or data usage.

eStatements are the safe and secure way to receive your account statements, allowing you to view your statements online and at your convenience. Since you only print what you need, you also help the environment by reducing paper usage and waste.

  • Receive monthly emails notifying you that your eStatements are available
  • Retrieve your monthly eStatements electronically and securely through Online Banking
  • View your eStatements at any time, and at your convenience
  • View, download and save PDF statements, or print transaction documents free of charge
  • Each eStatement is available online for a full year. Prior statements are available upon request.

Enroll for eStatements today through your Online Banking Account!

ACH Manager Service

Our ACH Manager Service provides a fast, reliable, secure and cost-effective system to manage your receivables and payables using electronic debits and credits to send or collect dollars from any financial institution in the United States.

  • Originate ACH debits for Accounts Receivables
  • Originate ACH credits for direct deposit to employees (allow 2 business days)
  • Originate ACH credits for Accounts Payables
  • Secure integration
  • One-step entry efficiencies
  • Auto-fill fields minimize keystrokes
  • Collections control and efficiency
  • Custom reporting features
  • 1:00 pm cutoff considered current business day
  • Expedite turnaround on Accounts Receivables
  • Improve cash flow forecasting and management
  • Reduce account reconciliation and risk
  • Reduce operating costs
  • Improve your payment processing efficiency and accuracy
  • Reduce risk of fraud

Positive Pay

The basics of Positive Pay are very simple:

When you issue a batch of checks through your accounting program, each check has a certain profile – the date, the amount, the payee, and the account on which the check is drawn. Those records are exported from your accounting program, and imported to the Positive Pay system.

As those checks are deposited and reach us for posting, we compared the details of the check to the details you provided when it was issued. If differences or discrepancies are found, the check is flagged, and placed in the Positive Pay “Exception” list for you to review. You can then determine whether the check should be paid or rejected.

It’s a simple but powerful way to stop the most common types of check fraud.

Wire Transfer Management

When speed is essential, wire transfer management is key as it facilitates the same-day transfer of funds. Initiate and approve real-time wire transfers conveniently from your place of business online, over the phone, or at one of our many branches.

  • Originate domestic wires online
  • Set up templates for recurring wires
  • Same day availability up to 3:00 pm
  • Discount per wire for online submissions
  • Real-time information on status of wires

 

Sweep & IOLTA Account

LINE OF CREDIT (LOC) SWEEP ACCOUNTS

  • Automatic Transfers between checking account and LOC
  • Daily transfers
  • Maximize return on cash on hand
  • Automatic account management

IOLTA ACCOUNTS – INTEREST ON LAWYER’S TRUST ACCOUNT

This interest-bearing account enables attorneys to hold escrow funds for their clients. The interest earned after deducting the monthly fee is remitted to Legal Services Corporation of Virginia.

Accounts are subject to credit approval and verification.