Simplify the Financial Management of Your Business
We are dedicated to providing your business with the financial services and expertise required to meet the demands of today’s fast-paced working world.
We offer many Business Cash Management tools to assist you in growth, organization and profitability. By offering different levels of service and pricing, we can accommodate both the Sole Proprietor who just wants their account information accessible and the large Corporation who is looking to streamline operations.
Through our detailed analysis process, our Business Banking representatives can recommend a Business Cash Management strategy specifically designed for your needs.
Some of the helpful services we offer include:
Online and Mobile Banking ServicesYour day to day business banking is made simple with online and mobile banking. Manage your money virtually and take advantage of services like remote capture, online bill pay and more.
Bar Harbor Online, Bar Harbor Bill Pay and Bar Harbor Mobile – visit our Business Online and Mobile Services Page here to learn more about online banking with bill pay and mobile banking.
ACH ServicesWhether you're seeking to pay your employees electronically, submit tax payments, or pay your suppliers, we offer ACH file and transaction services to meet your needs. We can make it easy for you through Bar Harbor Business Online.
Domestic Wire Services – available online
Positive Pay - Designed to detect and prevent check and ACH fraud on checking accounts
Automated Sweep Services
Sweep to Line of Credit
A primary business checking account is tied to a line of credit
Sweep to Repurchase Agreement**
A primary business or municipal checking account is tied to a repurchase agreement
Sweep to Line/Repurchase Agreement**
A combination of Sweep to Line and Sweep to Repurchase Agreement services
Zero Balance Accounting
Funds from sub‐accounts can be transferred to or from a primary deposit account
Remote Deposit Capture
Conveniently make check deposits without leaving the office, using a bank certified scanner and high‐speed internet connection
Insured Cash Services
Certificate of Deposit Account Registry Service®, or CDARS®* Insured Cash Sweep® Service, or ICS®*
• Access to multi‐million dollar FDIC insurance
• The ability to forego ongoing collateral tracking
*Placement of funds through the ICS or CDARS service is subject to the terms, conditions, and disclosures in the service agreements, including the Deposit Placement Agreement (“DPA”). Limits apply and customer eligibility criteria may apply. In the ICS savings option, program withdrawals are limited to six per month. Although funds are placed at destination banks in amounts that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”), a depositor’s balances at the relationship institution that places the funds may exceed the SMDIA (e.g., before ICS or CDARS settlement for a deposit or after ICS or CDARS settlement for a withdrawal) or be ineligible for FDIC insurance (if the relationship institution is not a bank). As stated in the DPA, the depositor is responsible for making any necessary arrangements to protect such balances consistent with applicable law. If the depositor is subject to restrictions on placement of its funds, the depositor is responsible for determining whether its use of ICS or CDARS satisfies those restrictions. ICS, Insured Cash Sweep, Certificate of Deposit Account Registry Service and CDARS are registered service marks of Promontory Interfinancial Network, LLC.
**Investment accounts are not insured by the FDIC, are not deposits or obligations of the Bank, and are not guaranteed by the Bank. The investment is subject to investment risk, including possible loss of the principal amount invested. All funds in cash management investment accounts are invested in Repurchase Agreements and are collateralized by United States Government or Agency Securities.