Cash Management Tools
Cash: The Lifeblood of Any Business
Alabama Farm Credit (AFC) understands how important cash flow is to the
success of your association’s business. Managing cash flow in and out of a
business is the most critical issue in determining whether that business
succeeds or fails. Cash management determines a business’s short-term
stability and long-term survival.
Cash Management Tools
AFC offers the following convenient cash management products to help
manage your cash flow. Our cash management products will automate most
of your loan, direct note and general ledger entries. For helping signing up for
these tools, contact your local branch office.
- FastCash – With just one phone call to the association, you can make a
loan payment or request money from your loan without leaving your
home, office or tractor cab. With this ACH product, the money will be
automatically transferred to or from your bank checking or savings
account. Call today, and the money will be in your account tomorrow.
- P.A.I.D. (Pre-Authorized Installment Draft) –Save stamps and make
your loan payments on time, every time, by setting up this automatic
withdrawal service. An electronic draft will draw automatically on your
bank account. If the interest rate on your loan changes, you will be
notified on a billing notice, and the installment amount will be updated
- Ag Banking Online (ABOL) – Simply and securely manage your
accounts from your computer or mobile device. This online banking
system allows you to view account information, make loan payments,
transfer funds from association accounts to your commercial bank, and
transfer funds between your association accounts.
- Ag Banking Mobile App – Do your banking on the go. Our mobility
app is available for iPhone/iPad and Android smart phones and tablets.
You can view account information, make loan payments, transfer funds
from association accounts to your commercial bank, and transfer funds
between your association accounts. Search for the association name and
logo and download the app at the iTunes App Store or the Google Play
- GFX Wire Transfers – Safe and secure, a wire transfer is the electronic
movement of funds with same-day settlement. Alabama Farm Credit
can send a fast, secure GFX wire transfer to your or your designee’s