Cash Management

Whether your business is a sole proprietorship, non-profit, small business or a major corporation, The Business Bank has numerous cash management products that are designed to meet your specific banking needs.

Free Online Banking

With The Business Bank, you can monitor real-time activity in your accounts with Business Connect, our free online banking product.

Lockbox Services

The Business Bank can customize a lockbox service in which your customers mail their invoice payments to a special post office box at the local post office. The receipts are picked up and processed, then we will deposit all checks into your account and forward to you the remittance information. You have many options as to how you receive the daily cash receipts, including an emailed or faxed report.

Sweep Accounts

Earn competitive rates on your excess cash balances. The Business Bank provides you with the ability to automatically transfer a portion of your checking account funds to or from one of three money market funds managed by Federated Investors, Inc., one of the largest and most respected money managers in the world.

THESE FUNDS ARE NOT FDIC INSURED. THERE IS NO BANK GUARANTEE AND YOU MAY LOSE VALUE. PLEASE READ THE FUND’S PROSPECTUS BEFORE INVESTING ANY MONEY.

EDI – ELECTRONIC DATA INTERCHANGE

Incoming and outgoing ACH items may be annotated with descriptive information referencing invoice or purchase order numbers.

Cash Concentration

The Business Bank’s cash concentration product allows your company to concentrate cash by electronically pooling funds from numerous branch or subsidiary accounts to a single operating account. This not only helps you manage and maintain funds in numerous checking accounts, it also reduces idle balances, maximizes investment opportunities and improves control and cash forecasting.

Zero Balance Accounts

This service is valuable for those companies with multiple accounts. Instead of transferring funds to cover payroll expenses, for example, our zero balance account automatically transfers the funds required in the accounts as your checks clear. You will save time in determining the amount of funds to transfer. Zero balance accounts concentrate your cash into a single account which increases your investable balance.

Merchant Credit Card Program

In today’s environment, more and more consumers and businesses are spending with credit cards. With VISA Merchant Card Services, you can serve your customers and increase your cash flow. Credit card payments deposited with The Business Bank are credited to your account quicker than checks. And you get immediate use of these funds.

Business Visa® Cards

At The Business Bank, our industry leading business credit card products offer competitive pricing combined with a full range of rewards options – making it easy to select and apply for the card that meets your needs. Learn More or Apply Now.

Features include: Flexible Billing Options – Individual and Central – Your Company Name on Card – Your Company Logo, if desired.

Visa® Business Platinum Card – Enjoy a low intro APR for even longer – 0% for the first 12 billing cycles! No annual fee. Authorized Officer must be 18 years of age and have a valid U.S. address and SSN.

Visa® Business Bonus Rewards Card – Get a 25% bonus on all points earned every month. 0% introductory APR for the first 6 billing cycles. No annual fee. Authorized Officer must be 18 years of age and have a valid U.S. address and SSN.

Visa® Business Bonus Rewards PLUS Card – Get a 50% bonus on all points earned every month. 0% introductory APR for the first 6 billing cycles. $50 annual fee. Authorized Officer must be 18 years of age and have a valid U.S. address and SSN.

Visa® CommUNITY Credit Card – Give your non-profit or municipality the opportunity to grow. Enhanced reporting helps document expenses, track purchases, reveal spending patterns, organize budgeting information, and save time on accounting procedures. No annual fee. Authorized Officer must be 18 years of age and have a valid U.S. address and SSN.

Visa Signature® Business Company Card – Designed for medium to large businesses. Enhanced reporting helps document expenses, track purchases, reveal spending patterns, organize budgeting information, and save time on accounting procedures. No annual fee. Authorized Officer must be 18 years of age and have a valid U.S. address and SSN.

Account Reconciliation Services

Account reconciliation services significantly reduce the time-consuming clerical portion of the reconcilement process and strengthens internal cash control. If you issue a high volume of checks each month, The Business Bank’s check reconciliation product allows you to download, from the internet, an electronic file in one of these six (6) formats:

  • QFX for Intuit Quicken
  • IIF for Intuit Quick Books
  • OFX for Microsoft Money
  • Personal finance, QIF
  • Spreadsheet, CSV
  • Word processing, TXT

Anything we’ve left out? We probably can do it for you! Give us a call today!!!