Treasury Management

What is Treasury Management?

Treasury Management provides our customers with a customized banking experience, allowing them to gain efficiencies, increase cash flow, decrease expenses, and complete all their banking services from their office.

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ACH- Automated Clearing House (Credits/Debits)

Features/Benefits:

• Direct Deposit of Payroll allows a business to automatically deposit an employee’s paycheck into his/her account.
• Save time and money by directly transferring payroll to your employee’s financial institution.
• Eliminate the cost of writing and processing of checks, and offer a convenience to employees.

Credits:

• Payroll, vendor payments, tax payments, bonus payments, direct deposit, mortgage payments, loan payments
• Credits Benefits:
  • Complete payroll in-house, saves money from paying large fees to a payroll company
  • Complete monthly, quarterly, or yearly tax payments
  • Future date payments to avoid late fees
  • Pay vendors securely without worrying about mailed checks
  • Save money on check expenses such as stop payments or lost checks
  • Templates are created if recurring, no need to input information every time

Debits:

• Business to Business payments, accounts receivable with authorization, automatic debits, bill collection, error resolution
• Debits Benefits:
  • Debit vendors directly with prior authorization, eliminating delays in payments
  • Increase cashflow with funds being received without delays
  • Debit tenants for rent due on due date
  • Business to Business payments from their office or home office

RDC – Remote Deposit Capture

Features/Benefits:

• Save time and increase cash flow by completing check deposits from one’s office
• Decrease delayed deposits, complete deposit daily and multiple times a day as needed
  • Deposit multiple checks at one time
• Service provides reporting and information retention
  • No need to retain copies of checks, they are retained in the system

E-Wire– Online Wire Transfers

Features/Benefits:

• Input wire instructions via E-Wire link in online banking
  • Instructions transmit directly to our bank to be reviewed and submitted for processing
• Complete wire transfers from your office without sending any paperwork or driving to an office
• Send wire transfers securely with enhanced protection (soft token or dual control)
• Additional security will include a call back to an individual(s) listed on the wire agreement to ensure this was completed by customer or authorized representative
• Recurring wires have templates to make processing quicker

Mobile Capture

• Deposit single item checks via our online banking app

Merchant Services

• We work with a trusted vendor to create a partnership for our customers in providing all their POS and Merchant services

Business Debit Cards

• Contactless and tokenization for safer online transactions

Soft Token – Dual Control

• Added security features to mitigate account takeovers and fraud

Statement/History

Features/Benefits:

• Provide online access to account statements, history and other account information
• Manage your accounts 24 hours a day, 7 days a week
• Convenience of accessing your account information during bank “off-hours.”
  • Manage your money and make financial decisions at any time of the day

Depository Transfers

Features/Benefits:

• Transfer funds electronically between your account(s) with our financial institution and other financial institutions
• No need to visit the bank
• Next day transfers electronically between your company accounts

Electronic Federal Tax Payments

Features/Benefits:

• Service allows you to initiate an ”ACH Credit” for different types of federal tax payments (i.e. 941 payroll tax deposits) directly
• Our system will create the ACH Credit to the US Treasury in accordance with Federal tax payment requirements
• Easily schedule and initiate ACH Credits for tax payments

Collect Payments

Features/Benefits:

• Use our Collect Payments template to originate EFT payments from your consumer accounts whether authorized in writing, by phone or over the Web
• Save time and money by replacing invoicing with EFT payments from authorized consumer accounts

Online Bill Pay

Features/Benefits:

• Pay bills online on a scheduled one time only basis
• Streamlines processes, saves time, stamps, checks and envelopes
• Schedule bills in advance-and easily retrieve up to 6 months of your bill payment history for reconciliation

Sub-User Administration

Features/Benefits:

• Conveniently assign specific access, dual control privileges and transaction limits to your employees independently without direct involvement with your financial institution
• Save valuable time, increase efficiencies and be in charge of your business banking system

Import/Export Capability

Features/Benefits:

• Manage large ACH files locally on a spreadsheet and then upload into a batch
• Easily import or export tab delimited file to spreadsheet applications
• Reduce error and save valuable time by eliminating having to re-key data