Cash Management Services Make Running Your Business Easier
Efficiently managing the money that flows in and out of your business plays a big role in profitability and your business success. It also reduces stress and effort so you can focus on activities that will help your business grow. Our cash management services come with the security and convenience you need to help your business run smoother and keep your money safe, including:
Our sweep account automatically takes idle money from your business checking account each day and moves it to another account where your money can work harder for you. You have two options:
- Cash Investment Sweep -Your money is moved to an investment account to increase your earnings. Investments are NOT FDIC insured; NOT deposits, obligations of, or guaranteed by any bank; and may lose value.
- Business Line of Credit Sweep. Idle money is drawn each day to pay down your business line of credit, reducing your interest expense.
Protect your account and free yourself from worry with our Fraud Protection services. Our ACH Debit and Credit Block allows you to dictate which companies are authorized to post ACH transactions, while automatically blocking unauthorized transactions. Our Positive Payment service matches any checks you cut to a check issue file and reports to you any mismatches.
Now you don’t have to take productive time away from your business just to make a deposit, you can simply scan your checks and send them to us digitally. This lets you (and your employees) spend more of your work day focused on your business. Subject to credit approval.
Automated Clearing House (ACH) Services
Our online direct deposit service lets you send and receive payments electronically. Send payments to employees, customers, stockholders and vendors, make tax payments, collect recurring payments from customers and more. Subject to credit approval.
Instead of working to manage the cash in your business, let your money work for you. Visit any of our branches in Ocala, Belleview, Gainesville, Summerfield and the Villages and ask your business banker about our Cash Management Services today. All Loans Subject to Credit Approval.