The Bank for Business Owners.
Business Financing Solutions
Consider entrusting Dacotah Bank for all your lending needs. Our comprehensive range of options, encompassing real estate financing and various loan types, coupled with our dedicated team, ensures a seamless process.
Treasury Management Solutions Treasury Management Bankers
Receivables
The right tools for receivable solutions.
Secure, sophisticated receivable services, along with the strategic guidance to help you stay ahead. Our digital flexibility and increased efficiency means receiving, processing and viewing payments faster.
- Remote Deposit
- Automated Clearing House (ACH)
- Wire Transfer
- Merchant Services
Payables
Improve your cash flow and save time.
Controlling your electronic payments means you can focus on other business needs. Improve productivity and cash flow perfomance by automating your payments.
- Automated Clearing House (ACH) - Make and collect payments
- Domestic and International Wires
Corporate Card Solutions
Earn cash back every time.
Enjoy 1.5% cash back on everything you purchase using your Dacotah Bank Business Credit Card. Use it anywhere and reward yourself every time.
- No annual fee
- No limit to cash back earning
- Cash Back Rewards never expire
Fraud Management
It is built right into our tools, services and online / mobile banking experiences. Dacotah Bank has a multitude of security measures to protect your confidential, personal, and financial information.
- Automated Clearing House (ACH) Positive Pay
- Check Positive Pay
- Debit Block
- Check Block
Cash Management
Dacotah Bank provides valuable solutions to optimize your business's cash flow, liquidity, and return on investment. Our solutions can help you save money and reduce risk, offering a significant opportunity for your business.
- Extra FDIC Coverage
- Credit Sweep
- Money Market Sweep
- Zero Balance/Target Balance Sweep
Online Banking
Dacotah Bank's Online Business Banking offers secure and convenient access to manage your bank accounts anytime, anywhere. With 24/7 availability, it saves time and ensures safety for your financial transactions.
- Advanced Reporting
- User Management
- Mobile capabilities
To get started managing your business online, contact a Dacotah Banker today.
Lockbox Solutions
Processing checks and manually updating accounts receivable systems can be time-consuming, costly, and hinder your ability to make informed decisions. These challenges make it difficult to forecast cash flow, manage shipments, assess services, start collections, or make timely investments and debt payments. Dacotah Bank’s Lockbox solutions are designed to simplify accounts receivable processes by automating cash applications and providing faster access to funds, offering enhanced visibility into your cash position.
With our Lockbox service, you'll have immediate access to critical receivable information—including online check images and any level of detail you request—within minutes of deposit. We offer flexible daily deposit deadlines that align with your internal processes.
Benefits:
• Faster Access to Funds & Reduced DSO
• Reduce Staffing Needs
• Minimize Errors & Streamline A/R Posting
• Optimized Back Office Productivity
• Improved Cash Flow Forecasting & Decision-Making
• Reduced Fraud & Risk
Transform your A/R management with Dacotah Bank’s Lockbox solutions and take control of your cash flow today.
Advanced Reporting
Giving you the insight your business needs, Dacotah Bank can provide detailed reporting on:
- Balance and Activity Statements
- Cash Position Report
- Automated Clearing House (ACH) Activity Report
- Checks Paid Report
- Wire Activity and ZBA Reports
- User or Company Defined Reports
- Company Entitlements Reports
- Wire Online Origination Reports
- Online ACH Originations
- Transaction Reports
Extra FDIC Coverage
Benefit from a solution that allows you to enjoy access to multi-million-dollar FDIC coverage through your Dacotah Bank relationship. You can choose the service or combination of services.
- Enjoy peace of mind
- Earn interest
- Access Funds
- Save time
- Support your community
How does it work?
When we place your funds through our reciprocal deposit network, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000. The funds are then placed in demand deposit accounts or money market deposit accounts at multiple banks.
Fraud monitoring tools
Delivering actionable and centralized risk data to drive informed decisions.
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Positive Pay
Positive Pay
Positive Pay is a powerful fraud prevention tool and comprehensive Check/ACH management system for your business. Simple, safe and secure. The right solution if you:
- Write a large number of checks
- Write checks for large dollar amounts
- Are a municipality, title company, or school district
- Initiate ACH transfers frequently
- Have experienced check fraud in the past
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ACH Debit Block
Automated Clearing House (ACH) Debit Block
Blocks prevent “all” ACH debits from posting against a client’s designated account. Once the ACH Debit Block product is setup, all ACH debits automatically reject when items process at the end of business and are returned the following business day. Debit Blocks are a great service for clients that structure accounts to limit payment activity in an account to specific types of transactions.
How it works:
Client identifies an account that should receive NO ACH debits for any reason (for example: deposit only accounts, check only disbursement accounts).
Dacotah Bank places an ACH Debit Block on the account and all ACH debit items are returned.
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Check Debit Block
Check Debit Block
Blocks prevent “all’ checks from posting against a client’s designated account. Once the Check Debit Block product is setup, all checks written automatically reject at the end of business and are returned the following business day. Debit Blocks are a great service for clients that structure accounts to limit payment activity in an account to specific types of transactions.
Client identifies an account that will NOT have any checks written from the account for any reason (for example: deposit only accounts, electronic origination only accounts).
Dacotah Bank places a Check Debit Block on the account and all checks written are returned.
Contact a Banker
Our Corporate Banking Team is here to assist with:
- Financing Options
- Treasury Solutions
- Private Banking
