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Important Holiday Notice

American National Bank and The Federal Reserve Bank will be closed on Monday, February 17th, for President's Day.

Please keep in mind that transactions cannot settle on Monday, February 17th.

To ensure payment by Friday, February 14th, your ACH entries should be processed through iBank on Thursday, February 13th, and dated for February 14th. We recommend that you transmit the ACH information prior to 9:30 AM.

Any ACH transactions initiated on Friday, February 14th, will not settle until Tuesday, February 18th.

If you should have any questions, please feel free to call the Funds Transfer area at 402-399-5020.

American National Bank

Speed Up Accounts Receivable?

Cash is the lifeblood of business, and collecting receivables quickly is important to its health. A soft "collection" call five days after invoicing can reduce payment delays. More a customer service than a collection call, this is the time to ask "Have you received the product?"; "Were you happy with the service?"; "Have you received the invoice?" Problems (or excuses) surface immediately with these questions versus later, when the invoice may already be past due. If there are legitimate issues, this is your opportunity to address them and get payment back on track. A customer's use of these issues as excuses is circumvented and you've gently put the customer on notice that you expect payment in a timely manner. This is a simple strategy that can improve cash flow and shows your customer you care about their experience with your company. The best collection call is one you don't have to make.