Notify Us of Travel Plans

Travel plans for Memorial Day? Let us know if you’ll be traveling out of the tri-state area to ensure your Merchants Bank debit or credit cards continue to work. Submit a travel alert in Online & Mobile Banking or call us at (866) 496-0522. Have a safe holiday!

5/27: Drive-up only teller services in Hampton

Teller services in Hampton are available only through the Drive-Up on Friday, May 27. Please call (651) 437-9535 if you need to make an appointment with your banker.  Thank you.

Disbursement Solutions

It's our goal to find solutions to help make your business finances more efficient. Take advantage of our disbursement solutions like Business Credit Cards, Direct Deposit, Online Bill Payments, Same Day ACH and Wire Transfers to help maximize your cash flow.

ACH Services

Direct Deposit Benefits

  • Reduce costs associated with printing, signing, distributing, reconciling, and storing checks
  • Simplified accounting by no longer needing to maintain idle balances or a separate payroll account
  • Eliminate the possibility of lost, delayed, stolen, or forged checks
  • Increase employee productivity since employees no longer need to leave work and deposit checks
  • Provide a service many employees have come to expect

How does Direct Deposit work?

  • You (or your payroll processor) provide the bank with your employees’ net pay information through Commercial Online Banking
  • ACH credit entries are processed based on your instructions
  • Your employees’ net pay is deposited into their accounts when the bank opens on payday and is immediately available as cash
  • Your account is debited for the total net pay amount

Would my business benefit from Direct Deposit?

Yes, if your business:

  • Wants to streamline payroll and reduce exposure to check fraud
  • Want to eliminate costs associated with maintaining and reconciling a separate payroll account
  • Has employees who travel frequently and/or go to the bank on company time to deposit their paychecks

Same Day Automated Clearing House (ACH) Payment Benefits

  • Enhance cash flow by sending and receiving Same Day ACH
  • Quickly process payments with a tight deadline
  • Payment to payment-related information may flow more rapidly from bank to bank saving you time

How does Same Day ACH work?

  • Log in to your Commercial Online Banking account
  • Prepare and send a Same Day ACH file. File requirements match NACHA rules. Contact our team for more information.
  • Accounts receiving your payment should see funds posted the same day
  • Detailed reporting available

Would my business benefit from Same Day ACH?

Yes, if your business:

  • Needs to meet short or missed deadlines for payroll processing
  • Seeks quicker settlement of payments to other businesses

ACH Vendor Payment Benefits

  • Save time by using electronic payments for your vendors
  • Eliminate the possibility of lost, delayed, stolen, or forged checks

How do ACH Vendor Payments work?

  • Log in to your Commercial Online Banking account
  • Prepare and send a vendor ACH file. File requirements match NACHA rules. Contact our team for more information.
  • Accounts receiving your payment should see funds posted the same day
  • Detailed reporting available

Would my business benefit from ACH Vendor Payments?

Yes, if your business:

  • Pays multiple vendors on a regular basis
  • Seeks quicker settlement of payments to other businesses

Commercial Center Delivery

Securely transmit files between your business and Merchants Bank.

Online Bill Payments

Pay bills through your Commercial Online Banking without having to write a check. 

Wire Transfers

Wire transfers allow you to send or receive money from anywhere in the world through an electronic transfer of funds. Both individuals and businesses can send a wire transfer and funds are available the same day if sent from a domestic bank.

During wire transfer, different currencies can be accepted and are exchanged on your behalf at the time of deposit. Because a wire transfer is an electronic transfer of funds, funds sent are considered “collected” and are available immediately upon receipt.

Can I send and receive wire transfers for my business?

We are dedicated to helping your business run smoothly and efficiently. That's why we offer a variety of ways for your business to send and receive wire transfers including: 

How do I receive a wire transfer?

To receive a domestic wire transfer, provide the sender’s financial institution with the following information:

  • Your name
  • Your account number
  • Merchants Bank’s routing number: 091900193
  • Merchants Bank’s wire processing address:
    Merchants Bank, NA
    102 East Third Street
    Winona, MN 55987
  • Merchants Bank’s phone number: (800) 944-6285

To receive an international wire transfer, provide all of the information requested above, plus the Merchants Bank SWIFT Code: MENTUS44.

How do I send a wire transfer personally?
You can send a wire transfer by coming to the bank in person or calling us on the phone at (507) 457-1170. A wire transfer agreement must be filled out in order to complete a transfer. An agreement can be obtained from our Wires Department.

Treasury Management services may be subject to credit approval.  Fees may apply for certain services. Bill payments after the first 20 bills are $.40 each. 

Business Checking

Meet the day-to-day money management needs of your business with one of our checking options.

Business Loans

From traditional financing to specialized programs, we have business loans to meet your unique needs.

Business Online & Mobile Banking

Find the convenient ways you can access and manage your business bank accounts right here.

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