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Our full service Cash Management Department offers a complete line of products and services for small to medium size businesses and specialized treasury needs for corporations, government agencies, nonprofit organizations and financial institutions. Our Cash Management products are intended to help cut your expenses, increase income, save time, and help you maintain control so that your business operates at the most effective and efficient level possible. Through the use of leading edge technology, we offer you several alternatives that can streamline cumbersome office procedures.
~ Automated Account Reconciliation
~ Automated Clearing House (ACH) Services
~ BusinessLink (Internet Banking)
~ Cash Concentration
~ Check Imaging
~ Controlled Disbursements
~ Electronic Payment Solutions
~ Investment Management Services
~ Lockbox Services
~ Merchant Services
~ Positive Pay
~ Sweep Accounts
~ Wire Transfer
~ Zero Balance Accounting (ZBA)
Automated Account Reconciliation:
Account Reconciliation provides the tools to save time and improve accuracy when balancing business checking accounts. Our system improves management and audit control by providing concise reports on check activity and historical information. Additionally, your business should see a reduction of time associated with manual reconciliation. We offer three levels of service: Full Account Reconciliation, Partial Account Reconciliation, and Sort Only Reconciliation. You have the flexibility to choose the level of service that is right for your company.
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Automated Clearing House (ACH) Services:
ACH or Automated Clearing House is a paperless payment system. It can be used for direct deposits, health club dues, insurance payments, mortgage payment, etc. You can originate recurring or one-time credits or debits to clients or other businesses. This system gives your organization the ability to gain or maintain a greater control over funds, move your billing and collection of routine payments out of a paper environment, and eliminate check preparation, storage and retrieval costs.
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BusinessLink:
When you operate any type of business, you know there is no such thing as regular business hours. If in the past, you were working at home late into the night and needed to know if a check had cleared… you’d have to wait until morning. Now you can take the bank home with you! With BusinessLink you get round-the-clock information on-line. Learn more
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Cash Concentration:
If your business has multiple locations, we can consolidate funds into a single master cash management account. This service allows you to eliminate idle balances, pool funds and achieve more accurate forecasting of cash flow.
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Check Imaging:
Receive your check images with your monthly statement or receive the images of your checks on a CD-ROM. Images on CD may be accessed and printed from your PC. You may inquire by check number, amount or date. An added benefit is that you no longer need to file checks – we truncate the items for you saving on your storage costs.
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Controlled Disbursements:
This service provides early morning notification of the total dollar amount of checks clearing an account for that day. The Company can then make borrowing or investment decisions.
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Electronic Payment Solutions:
Process consumer checks electronically to save time and reduce processing costs. Our solutions for your business support include sending your returned checks back electronically (RCK) and conversion of Lockbox payments via checks to electronic payments.
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Investment Management Services:
Investment Management Services offers tailored investment strategies to assist you in reaching your financial objectives. With more than $3.1 billion currently under management, our team works directly with you to ensure that your investment strategies are customized to meet your risk profile and tax concerns. Our experienced, professional investment advisors handle the day-to-day investment decisions under guidelines established to fit your investment needs. Throughout your relationship with us, you receive a high level of communication and regular contact, as we work with you to meet your evolving goals.
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Lockbox Services:
Want quicker use of your funds? Using our Lockbox Services will simplify the collection of dues, regular payments, or accounts receivable. With our lockbox services, incoming receipts are picked up at the earliest possible moment, opened, sorted, batched, processed, and deposited.
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Merchant Services:
If your business is accepting credit card payments or you are considering offering your customers the convenience of paying with their credit card, then you will appreciate our merchant services. We provide credit authorization, data capture and fund settlement for a wide variety of credit cards. Learn more
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Positive Pay:
This service is used to reduce the potential for check fraud, plus Positive Pay can save you time, effort and real money. Transmit your check issue information to the bank and we will provide you a list of exception checks for your approval to process or reject. Click here to logon to Positive Pay.
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Sweep Accounts:
Sweep Accounts offer a simple way of increasing your company’s earnings. Idle collected funds in your commercial checking accounts are automatically invested each night in investment instruments.
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Wire Transfer:
Our wire transfer services equip you with the means to electronically transfer funds faster and in a safe and secure environment. Our state-of-the-art system provides same-day availability. Plus you will receive timely information on wire transfer activity and advices on incoming funds.
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Zero Balance Accounting (ZBA):
With a zero balance account, you’ll be able to concentrate cash into a master cash management account. You can also effectively segregate expenditures while automatically transferring funds when a check is presented for payment. These accounts will assist your internal accounting department when tracking different expenses.
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