Risk & Liquidity Management

ACH Debit Filter/Block

Stop unauthorized ACH debits from hitting your account with this easy to set up service.

ACH Debit Filter is an automated solution that screens incoming ACH transactions to identify unauthorized debit transactions, helping reduce the risk of fraud. This proactive approach allows ACH debits to be filtered, reviewed and approved, or returned, which ensures only approved transactions post to your account.

ACH Debit Block can actually block all electronic ACH debits, or you can specify which companies are authorized to post debits to your account. Automatically blocking ACH debits protects your bank account from unauthorized withdrawals.

Positive Pay

Designed to detect and prevent check and ACH fraud on checking accounts. This automated fraud detection tool matches the account number, check number, and dollar amount of each check presented for payment against a list of checks previously authorized and issued by the company.

Each day checks are written, a file of issued checks is sent to the bank. When checks are presented at the bank for payment, they are compared electronically against the list of transmitted checks. When a check is presented and does not have a “match,” it becomes an “exception item.” Exception items are managed through Bar Harbor Business Online, where instruction is given to the bank on how to handle the item.

Payee Positive Pay is another feature of Positive Pay that detects false or altered check payee names. It is another layer of review to detect and prevent fraud.

Bar Harbor Card Control

This free1 app allows you to monitor your debit card usage, turn your card on and off, set custom alerts, and more. Use Bar Harbor Card Control to protect your money and control your card, right from your smart phone.

Learn more about Bar Harbor Card Control

Automated Sweep Services

Sweep to Line of Credit

A primary business checking account is tied to a line of credit. Funds are swept from the checking account overnight to pay down the line of credit balance, reducing interest expense. Funds are swept back into the checking account the following morning for operations.

Sweep to Repurchase Agreement2

A primary business or municipal checking account is tied to a Repurchase Agreement. Funds are swept from the checking account overnight to the Repurchase Agreement, to increase interest earned. Funds are swept back into the checking account the following morning for operations.

Sweep to Line/Repurchase Agreement2

A combination of Sweep to Line and Sweep to Repurchase Agreement services. This strategy both minimizes interest expense and maximizes interest income.

Zero Balance Accounting

Funds from sub‐accounts can be transferred to or from a primary deposit account. Zero balance accounts are funded with just enough to cover checks presented. This cash pooling strategy eliminates excess balances in separate accounts, maintains greater control over disbursements, and maximizes interest earned on balances in the primary account.

Insured Cash Services

Certificate of Deposit Account Registry Service®, or CDARS® and Insured Cash Sweep® Service, or ICS®

  • Access to multi‐million dollar FDIC insurance
  • The ability to forego ongoing collateral tracking

Contact Treasury Services at treasuryservices@barharbor.bank or stop by the nearest Bar Harbor Bank & Trust location to learn more.

1Mobile and/or online carrier fees may apply for Bar Harbor Card Control, Bar Harbor Mobile, and Bar Harbor Online.
2Investment 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.

Additional fees may apply.