Mercantil Business Online Banking
Bank Anywhere You Have Access to a Computer
At Mercantil Bank, we know you are always on the go and don’t want your banking to slow you down. With Mercantil Business Online Banking, you can go further by accessing information you need and taking control of your finances. Plus, you can get peace of mind knowing that you can perform routine banking transactions in a secure environment with multiple layers of security protection.
Online Wire Transfer Services
Use Your Computer to Transfer Funds to Banks Worldwide
With reliability and security, you can transfer funds electronically from your Mercantil Bank checking, savings or money market account to almost any bank in the world. Using your computer to access a secure, online transaction environment, you can make a one-time transfer or schedule recurring wire transfers.
Get Quick Access to Your Accounts Receivable
Select the convenience of having your vendors and customers send payments directly to Mercantil Bank for deposit into your account. You’ll not only eliminate the tasks associated with opening mail and making trips to the branch to make deposits, you’ll get access to cash faster.
Make a Deposit Without Making a Trip to the Bank
With Remote Deposit, a small device connected to your computer scans checks and electronically deposits them into your Mercantil Bank checking account — without ever making a trip to the bank. Because your checks are electronically transmitted to the bank, you can make deposits at any time of the day or night. And, you can make deposits within minutes of receiving checks.
ACH (Automated Clearing House) Origination
Take Control of Your Payments
Pay your employees, vendors and suppliers electronically through the ACH origination system. You can even set up your recurring monthly payments so you don’t have to worry about missing a payment or incurring a fee if your payment is late. You’ll improve efficiency by eliminating check writing, relying on a secure method to render payment.
Merchant Card Services
Give Your Customers More Payment Choices
Give your customers the convenience to pay by Visa® or MasterCard®. This gives your customers the option of making purchases even when they aren’t carrying cash.
Deposit Courier Service
Make Deposits Without Visiting a Branch
Mercantil Bank will arrange the secure pick up of your deposits on a regular basis by a courier service. Whether it’s once a week or once a day, we’ll eliminate the time it takes to drive to a branch to make a deposit. It’s our way of making banking at Mercantil Bank convenient, even if there is not a branch nearby.
Overnight Repurchase Agreements (REPOS)**
Earn Daily Interest on Idle Cash
Set up a service to automatically transfer funds in excess of a pre-determined minimum balance into a repurchase agreement. The agreement provides you with daily interest earned on federal securities. Interest rates vary and are based on the rates set by the U.S. Department of the Treasury. Transfers into a Repurchase Agreement can be made daily.
Mercantil Bank also offers a full range of specialized products and services geared toward businesses, including:
- Small Business Administration (SBA) Lending Solutions
- Short-term Import/Export Financing
- Programs supported by Ex-Im Bank to finance the export of U.S. goods and services
- Commercial and Standby Letters of Credit
* For additional fees related to these accounts, please refer to our Miscellaneous Service Fee schedule at www.mercantilbank.com.
** Overnight repurchase agreements are not FDIC insured – are not bank guaranteed – may lose value.