Cash Management: Better cash flow, for a better business.
When you are making the most of the cash in your business, you’re actually unlocking a path to a better bottom line. Union Savings Bank Treasury Services team can help you take advantage of the funds you have on hand in a number of ways; each offering a convenient and profitable way to make your money work hardest.
REMOTE CHECK DEPOSIT
Union Savings Bank’s Remote Check Deposit lets you get your deposits into the bank quickly and efficiently. By scanning them in using a special desktop check scanner, you are able to make your deposits from the convenience of your office, and later than you would at a branch. Eliminate the cost of staff trips to the bank and remove the ‘desk float’ of waiting until the next trip to the bank by scanning the checks into Remote Check Deposit.
FRAUD PROTECTION WITH POSITIVE PAY
Protect your business against the losses associated with check and electronic payment fraud. We work to detect unusual or unauthorized disbursement activity – identifying exception items and allowing you to make the decision to pay or return the items. It’s another layer of protection; another way we watch out for you so you can watch out for your business.
Don’t leave your funds hung up longer than they need to be – USB lockbox services eliminate the time and expense of processing remittances in-house while optimizing the amount of cash you have available to fund operations. Enjoy next day availability on deposits, copies of checks and deposit information, and custom reports by e-mail or online.
AUTOMATED OVERNIGHT INVESTMENT SWEEPS (REPURCHASE ACCOUNT)
Maintain total liquidity and maximize interested with a Union Savings Bank Automated Investment Sweeps Account. Any excess funds over your target balance are swept into an investment account to earn interest, provide collateral and become immediately available when needed to cover checks or other account activity. A great way to reduce idle balances and earn interest.*
ACH BANK TRANSFER
Transfer funds between businesses and consumers simply and quickly. Send out payroll direct deposits to your employees, saving time, effort and money by reducing paperwork and mailed checks. Vendors can be paid electronically to ensure on-time payments. Of course ACH bank transfers can also be used to collect preauthorized debits, as well.
Reduce the time and effort it takes to keep your financials organized. Does your business issue a large volume of checks? Operate multiple accounts? Require a lot of reconciliation between paid and outstanding items? Let us handle it for you. We’ll identify the exceptions, square up your accounts automatically and report in a way that works for you.
ZERO BALANCE ACCOUNT
Eliminate excess balances spread across separate accounts when you link your accounts to automatically transfer funds to where they are needed. Gain tighter financial control by managing payments, transfers, deposits and balances through a fully automated process. Your money is always where you want it to be.
INTERNATIONAL BANKING SUPPORT
Even as a local community bank, Union Savings Bank can deliver the international banking services you require. Let us handle your foreign currency transactions (wire transfers, international drafts and checks drawn on foreign currency) and provide international letters of credit. Enjoy local convenience, on a global scale.
If you need to move money quickly, then USB’s Wire Transfer service in Business Online Banking can accommodate both your domestic and international needs. You can initiate same-date and/or future dated wires quickly and conveniently from your office computer and receive email notifications and alerts for your wire.
Cash Management Account Resources
View our Cash Management FAQ page to learn how to get the most out of your account.
Talk with us today.
Talk with us and we’ll do everything we can to help you keep your business running smoothly.
Call us at 866.650.0720 or complete the form and we’ll respond within 24 hours.
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*This investment is not a bank deposit and is not FDIC insured. In the event of the Bank’s failure to repurchase the securities, the FDIC will recognize your security interest in these assets.