Cash Management Services
Lone Star Ag Credit offers cash management tools to help you manage your financial transactions and make doing business with us even easier.
Ag Banking Online
This confidential, secure Web-based program allows you to:
- view your account information
- make loan payments
- transfer funds externally between your Lone Star Ag Credit accounts to or from a designated commercial bank account
- transfer funds internally between your various Lone Star Ag Credit accounts
Accessing your line of credit is as easy as writing a check. AgriLine+ is a checking account linked to your Lone Star line of credit. It allows you to purchase goods or services by writing a check. The check is automatically deducted from your line of credit, increasing the balance.
A simple and safe method of increasing your company's earnings, AgSweep allows you to minimize excess balances and maximize your return on available funds. Sweep accounts are beneficial for large borrowers that have a high cash turnover and daily cash needs. With AgSweep, you can link your revolving line of credit (RLOC) loan to your Wachovia Bank checking account. Funds are automatically advanced from a line of credit when the commercial checking account falls below the target balance. When excess funds are available in the checking account, the funds are swept and applied to the outstanding balance of the line of credit.
With just one phone call, you can make a loan payment or request money from your loan without leaving your home, office or tractor cab. 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.
Fast and secure, a wire transfer is the electronic movement of funds with same-day settlement. Through GFX, the association has the ability to create a wire transfer from a desktop in the office. A GFX wire transfer is sent to your or your designee's bank account. Payments made by wire transfer are same-day payments.
Receiving and clearing your checks will be more efficient if you make your payments through a lock box, which in turn reduces the operating expenses of your association. Lock boxes provide a company with a special zip code and quicker deliveries from regional post offices. Lock-box payments are excellent for term loans.
Preauthorized Electronic Installment Drafting
Save money on stamps and envelopes and make your payments on time, every time, by setting up this automatic withdrawal service. An electronic draft will be drawn on your bank account. If the interest rate changes, you will be notified of the change on a billing notice, and the new installment amount will automatically become the amount withdrawn from your account.