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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 automatically.
  • 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 Store.
  • 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 bank account.