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Important Holiday Notice

The Federal Reserve Bank will be closed on Monday, October 14th, in observance of Columbus Day. American National Bank will be open.

If you originate ACH transactions, please keep in mind that transactions cannot settle on Monday, October 14th and processing does not occur on the weekend.

To ensure payment by Friday, October 11th, your ACH entries should be processed through iBank on Thursday, October 10th, and dated for October 11th. We recommend that you transmit the ACH information prior to 9:30 AM.

Any transactions initiated on Friday, October 11th, will not settle until Tuesday, October 15th. If you initiate or request wires on Monday, October 14th, they will not be processed because the Federal Reserve Bank will be closed. All wires will be processed the following day, Tuesday, October 15th.

American National Bank

Cyber Fraud Scam Activity Occurring in 2019

Fraud Prevention: ACH and Check Transactions

 

Security of your information and assets is a top priority for American National Bank. One way to help protect your business from fraud is to understand the importance of a layered security approach. For example, in addition to using internal controls that follow standard accepted accounting principles, you can implement bank-provided services that can reduce the chance your accounts will be compromised. This document provides detailed information about further fraud protection options. To understand your potential fraud risk, take a moment to contact our experienced treasury team to review the fraud protection services and settings currently in place on each of your accounts.

 

Checks

  • Positive Pay systematically compares checks presented for payment to your issued-check files to detect serial numbers and dollar amounts that don't match. If there is an exception, the bank alerts authorized individuals in your organization and takes the pay/no pay depending on your direction
  • Maximum check limit allows you the option to set a standard dollar limit of your choice to automatically review or return all checks presented over a maximum dollar limit.

ACH transactions

  • ACH Filter automatically stops all ACH debits — except those you preauthorize — from posting to your account. Unauthorized transactions can be presented to you for pay or return decisions.
  • ACH Block stops all ACH debits from posting to your account.

Online transactions

  • Dual Custody requires a second user’s approval for payment initiation or Dual Custody requires one person to initiate the payment and a second person to approve release of the transaction for processing.
  • ACH Block stops all ACH debits from posting to your account.

Mailed statements

  • iBank delivers account information online through eStatements and can help reduce the risk of mail fraud and information theft that can occur with paper statements.

For more information about the fraud protection services American National Bank has to offer contact Treasury Sales at (402) 399-5037 or TSales@anbank.com.

Note: Implementation of the fraud prevention products, services, and steps recommended in this report, while designed to help protect your accounts from unauthorized transactions, does not guarantee that such fraud will not be attempted. It is important that you have also implemented reasonable internal procedures to ensure the integrity of your bank accounts and to protect your business assets. Please see your banker for details on your rights and responsibilities with respect to such fraud prevention.