What business solutions does Libro offer?
We offer solutions to help manage cash flows from your business operations. This includes collecting revenues, paying expenses, investing cash in projects or savings, and handling liabilities all while ensuring your company has enough cash available for future use.
Cash management is a key aspect of an organization’s financial stability.
Online Banking for Business
Online Banking for Businesses is a web- and app-based service providing business Owners the ability to switch between their business and personal accounts without signing in and out.
- Pay taxes from your account
- Set up and approve transactions on two-signer accounts
- Set up ‘View Only’ users to access transaction history
Commercial Online Banking
Commercial Online Banking is a web-based platform that provides 24/7 access to your Libro accounts, giving you more control over how you manage your payments and reporting.
- Provides secure and real-time information
- Enhanced multi-approver transaction capabilities
- Place stop payments on cheques or pre-authorized debits
Managing your receivables and payables
Growing your farm or business means finding new and efficient ways to send and receive payments, along with easily tracking and reporting on your transactions.
Libro offers all the services you need to help maintain control over your income and expenses, plus one more thing – the advice of your Libro Coach. Your Coach helps you understand which services make sense for the operation you run.
Receivables
Easily collect money from your customers.
Pre-Authorized Collections
With proper agreements in place, collect one-time or recurring payments from an account at any Canadian financial institution.
Bill Payment Processing Service
Collect money from businesses or individuals using bill payment functionality through ATMs, online banking, telephone banking or branch locations of any Canadian financial institution.
Clover
Provide your customers with seamless payment options using debit or credit cards, whether they shop in store, online or on the go
Incoming Wires
Receive money securely from other financial institutions anywhere in the world using a wire transfer.
Interac Autodeposit
Autodeposit automatically deposits money sent via Interac e-Transfer directly into your account, without having to answer a security question.
Interac Request Money
Easily request money you are owed with the Interac e-Transfer Request Money feature.
Cheque Deposit
Scan and deposit cheques online securely from the convenience of your office, or deposit at a local ATM or in-branch location.
Cash Deposit
Deposit cash in a local night depository, ATM or branch location. Download deposit slips for your next visit.
Brinks at Your Business
Deposit cash securely from the convenience of your business using an on location safe.
Payables
Make payments to your vendors, employees or the government.
Direct Deposit
Direct deposit is a convenient and cost-effective way to automatically send money from your Libro account to pay vendors and suppliers or in-house payroll.
Pay: Suppliers, vendors and employees
Interac e-Transfer
Interac e-Transfer allows you to send outgoing payments to anyone in Canada using Libro’s Online or Mobile Banking App.
Pay: Suppliers, vendors and employees
Payroll
Take advantage of affordable payroll and people management tools for small and mid-sized businesses using ADP.
Pay: Employees
Online Bill and Tax Payment
Pay your bills, invoices and government tax payments quickly and easily using online banking bill payments.
Pay: Suppliers, vendors and government
Credit Card
Pay for everyday business expenses using your business credit card to build your credit or even earn rewards.
Pay: Suppliers and vendors
Outgoing Wires
Send money in a variety of currencies to other financial institutions anywhere in the world using a wire transfer.
Pay: Suppliers, vendors and international recipients
Xe International Money Transfer
Securely and effortlessly transfer money overseas through multiple methods and in multiple currencies. Offering online wires, ACH and Foreign Exchange services.
Pay: Suppliers, vendors and international recipients
Meet our Business Solutions Team
Our Business Solutions Team would be pleased to offer a complimentary Cash Management review to better understand your needs. Also, to further discuss additional solutions and services that may benefit your business and help create efficiencies. Feel free to reach out to the team below.
Peter Geadah Business Solutions Manager, Libro Credit Union
Peter has been with Libro for 5 years and has over 20 years of experience in the financial services industry, over 12 years in Commercial Banking, and over 10 years in Cash Management. Peter has managed portfolios of all sizes ranging from insurance, government, retailers, manufacturing, SME and Capital Markets including HUMS sector.
Teresa Kanters Business Solutions Specialist, Libro Credit Union
Teresa is a banking professional with a decade of experience working within the personal, commercial and financial world. Focused in portfolio management and cash management services offering expert advice and highly personalized service in a coordinated and confident approach. Strong interpersonal skills that support a team based approach to build business banking.
Don Vincent Business Solutions Specialist
Don has been with Libro for just over 4 years and has 14 years of financial Industry experience. The last 8 years of his career have been focused in Small Business and Commercial Banking primarily dealing in the Professional, Agricultural and Retail sectors. He strives in assisting owners find solutions to grow and achieve their business objectives through dedication and collaboration.
Frequently Asked Questions
What is cash management?
Cash management is the process of managing cash flows from your business operations. This includes collecting revenues, paying expenses, investing cash in projects or savings, and handling liabilities all while ensuring your company has enough cash available for future use.
It is a key aspect of an organization’s financial stability.
How do I sign up or learn more about Libro’s business solutions services?
Looking to learn more? Send us an email or give us a call at service@libro.ca or 1-800-361-8222.
Ready to get started? Use the contact information above or, if you already bank at Libro and have a Libro Coach, feel free to reach out to them or someone at your local branch location.
I’m looking for a specific business solution service not listed on this page. Where can I learn more?
Send us an email or give us a call at service@libro.ca or 1-800-361-8222.
How do I know if I should use Online Banking for Businesses or Commercial Online Banking?
In most cases, Online Banking for Businesses provides your company with all the features and functionality needed to complete your banking needs. If your business structure is more complex, and multiple people need to see your financial information or complete transactions with different permission levels, you may need to look at Commercial Online Banking.
Talk to a specialist today to help determine what will work best for your company. Send us an email or give us a call at service@libro.ca or 1-800-361-8222.
How do I sign up for Online Banking for Businesses or Commercial Online Banking?
In order to sign up for one of these services, you must be a Libro Owner (customer). We call customers ‘Owners’ because of our cooperative business structure; when you bank at Libro, you become an Owner and share in our profits. It pays to bank here!
Get started today at service@libro.ca or 1-800-361-8222.
If you already bank at Libro and have a Libro Coach, feel free to reach out to them or someone at your local branch location.
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