You are here

Business Cash Reserve – Your Business Safety Net

Combat the common ebbs and flows of checking account cash availability with Business Cash Reserve, a line of credit that covers overdrafts from Union Savings Bank.

Here’s how Business Cash Reserve works for you: When there's an insufficient ledger balance in your business checking account to cover checks or other items presented for payment, funds are advanced from your Cash Reserve in the exact amount of the overdraft, so you don’t borrow more than you need to.  In addition, you won’t need to worry about a bill.  Upon the next deposit to your checking account, the overdraft amount will be automatically transferred to repay the Cash Reserve balance and restore your available credit. You will receive monthly statements for both your Cash Reserve information and your checking account detail.

*The ledger balance includes all deposits in your account - including funds in the process of collection.