Cash Management

These time-saving and flexible tools for handling payments will reduce fraud potential, as well as cut costs associated with check production, account reconciliation and postage.

Services include:

• Direct Deposit
• Auto Debits
• Cash Concentration
• Corporate Payment

Zero Balance Account
With a Zero Balance Account (ZBA) you can concentrate funds to create a larger cash pool for debt reduction, investment opportunities and working capital. At the end of each business day, funds are swept out of ZBAs to your business’s master concentration account, bringing your balances to zero.

Credit Sweep
Eliminate the need for day-to-day account management with a credit sweep which automatically manages your excess funds utilizing your line of credit. Funds over your set maximum balance are swept from your checking account to pay down your loan. Conversely when debits are presented for payment, your checking account funds are transferred from your loan to cover them.

Positive Pay
Positive Pay reduces the risk of check fraud while preventing check altering and forgery. Your business saves time and money while automating your account reconciliation process.  You’ll provide us with an electronic file of checks issued and when each check is presented for payment, we’ll match each check to the information you’ve provided, reporting any discrepancy to you. You then decide to pay or return the item. View our demo to learn more.

ACH Blocks and Filters
Safeguard against unauthorized ACH transactions by implementing ACH blocks and filters which make it easier to detect fraudulent, altered and/or counterfeit ACH transactions. By utilizing a full or partial block of ACH debits, you are better able to protect your company from fraud.

To enroll, please email us, call Cash Management at 866-372-1275 or stop by any of our convenient branches.

• Send and receive domestic and international transfers
• Fax and paper notification of wire transfers available