Affordable Business Operations Services

Our affordable Business Operations Services save you time and money. Want more time with your employees and customers? How about less stress and headaches from paperwork? Richwood Bank gives you all this and more, at a cost you can afford.

Payroll Management Services

Get complete, customized payroll processing, including tax preparation and payment, with full personalized reports for your records. Our team becomes the accounting extension your business needs. It’s seamless, customized and easy.


  • Employees paid accurately and on time
  • Weekly, bi-weekly, and semi-monthly payroll processing
  • Customized to your schedule
  • Traditional or direct deposit payroll options
  • Taxes filed and paid accurately and on time
  • Competitive pricing
  • Current payroll data always available
  • Personal customer service, no automated helpline

Digital Deposit

Digital Deposit

Take back your valuable time with this simple service that makes daily bank runs a thing of the past. With Digital Deposit, you just scan checks and send them to us electronically, and then we credit your account. It’s that easy!


  • Deposit funds electronically
  • Make deposits anytime
  • Expedite company cash flow
  • Funds credited sooner
  • Consolidate funds from multiple locations
  • Cut costly courier fees or trips to the bank
  • Save time preparing deposits
  • Reduce risk of check fraud
  • Multiple layers of security
  • Offer both lease and purchase options

Credit Card Merchant Services

Make it easy for your customers to do business with you. Richwood Bank provides your business with the power to process debit and credit cards, so your customers can pay the way they want.


  • Accept and process Visa, MasterCard, Discover, and American Express payments
  • Increase cash flow and customer convenience
  • Quick and convenient processing options
  • Detailed monthly transaction statement
  • Competitive discount rates
  • Accept gift and loyalty cards
  • 24-hour help desk
  • Check guarantee and conversion
  • State of the art software programs and electronic terminals and printers

Positive Pay

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Positive Pay helps in creating, transmitting and researching check records that you send to the bank, in doing this it serves as an anti-fraud measure. When you issue a check you create a data file with a few specific details, which you then send to us electronically. You then review the report and decide whether the check is to be paid or rejected. This reduces the risk of altered checks and counterfeit check fraud.


  • Gain more control over payments of checks
  • Reduce losses from check fraud
  • Timely notification of suspicious items
  • Convenient and extensive reports

Retail Lockbox

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When receiving payments is a regular part of your business, there’s a lot of paperwork (and hassle) that you’re dealing with. Retail Lockbox services will help fast-track the collection of your receivables while saving you time. A post office box will be established and incoming payments will automatically be deposited into your business account. The invoices will then be returned to you through an established process. It’s that easy!


  • Reduce mail float and paper handling
  • Accelerate cash flows
  • Flexible, customized service
  • Faster access to receivables information for improved customer service

Save time and money. Contact Us today to sign up for Business Services.