Digital Banking and Cash Management

Online Services

Amalgamated Bank of Chicago (ABOC) offers a suite of digital and cash management tools to make your union’s banking easier. Use our state-of-the-art resources to make sure your payment processes run smoothly.

ABOC Link

ABOC Link is an easy-to-use, feature rich, internet banking system for unions. It increases efficiencies with timely reporting while delivering and retaining valuable account and transaction information. Whether you are in or out of the office, the system allows you to actively manage your organization’s cash position, funding needs and payment execution. ABOC Link delivers a comprehensive set of banking services, along with intuitive and friendly site navigation, while also maintaining a high level of security.

Mobile Banking

Take ABOC Link with you by using our mobile banking solution for unions – ABOC Link Mobile. Bank anywhere, at any time, with a mobile device of your choice. We realize that you need to be able to conduct business and make key decisions, regardless of your location, which is why we developed the ability for our union customers to bank on the go.

Mobile Banking Terms and Conditions

Payment Services

Bill Pay

Set up a payee for one-time or recurring bill payments, with an easy to use bill pay service, available within ABOC Link.

ACH Payments

Pay your employees and vendors with this convenient electronic payment solution. Schedule your payments via ABOC Link using a provided template, or transmit ACH payment files to ABOC using our Secured File Transfer (SFTP) service.

Simplified Single Payment

A service that lets contractors and business partners make a single check payment to be broken out by us for credit to various accounts (e.g., pension, health & welfare, legal, education, etc.)

Fraud Prevention (Positive Pay) New and improved!

Check Positive Pay

With check positive pay, you mitigate the risk of check fraud on your bank account. Each business day, we will compare your issued check numbers and dollar amounts to all checks clearing your account, to ensure all items are authorized. You act as decision maker, communicating a pay or return decision, should a check be identified as suspect by us.

ACH Positive Pay

With ACH positive pay, you have the ability to identify vendors that are able to debit your account electronically. Set up blocks and communicate with us on all exception items.

Lockbox Services

Electronic Lockbox

We provide a secure, web-based service for online collection of ACH and card payments. Electronic Lockbox offers many of the same benefits of a traditional paper-based lockbox, with the advantage of an easy-to-use online payment portal for your employees and customers.

Traditional Lockbox

With a Lockbox account, you can accelerate collection and deposit of inbound consumer (Retail) and business (Wholesale) check payments, including remittance documents, giving you faster funds availability through reduced processing time and mail float. Take advantage of the Bank’s postal service relationship, as well as same-day processing and deposits. We are able to convert your receivables to available funds much quicker than having the checks sent to your location for processing.

Lockbox Plus

Gain online access to your daily and historical deposit information, including images of checks, envelopes and remittance documents.

Account Reconciliation

Through the Account Reconciliation service, your check position will be reconciled for you, accounting for issued checks, paid checks, adjustments, as well as stop payments and voids.

Merchant Services

Through our trusted third party partnership, you have the ability to accept card payments in a secured manner, whether onsite at your location or from your ecommerce website, allowing you to better manage your union’s cash flow. Contact us to learn more regarding service features and requirements.

Vault Services

Through our currency vault services, you have the ability to have cash and coin transported to/from your location, whether ordering new inventory or making a deposit to your ABOC account.

Controlled Disbursement

Receive an early-morning presentment of your checks clearing for the day, allowing you to better determine your daily cash position and potential funding needs.

Sweep Services

Through our Zero Balance Accounts (ZBA) and Investment Sweeps products, you are able to concentrate funds in one primary account and control funding of debits in sub accounts, or maximize interest earned on your daily excess funds.

Wire Transfers

Wire transfers are the fastest way to move funds between financial institutions. The ABOC wire transfer service allows you to send electronic payments in U.S. dollars to either domestic or international recipients.

Remote Deposit Capture

Remote Deposit Capture (RDC) gives your union the ability to easily deposit checks into your account using a small tabletop scanner and internet connection. The RDC service allows you to access digital images of the scanned items within an online repository.

Put your union’s cash to work with an ABOC Money Market account.

Learn More About Money Market