Cash Disbursements

 

With 1st State Bank’s Cash Management Services you will be able to select from an array of methods to control how and when your funds are disbursed.

 

Positive Pay Service

Positive Pay Video Demo

This service is an effective risk management solution which provides the ability to monitor your checking account to combat check and ACH fraud. Positive Pay ensures that funds are not released from your checking account unless specific information on each ACH request or check presented for payment. Any discrepancies are flagged so that you can approve or decline the request for payment.

Automated Clearing House (ACH) Service

Our ACH service provides you with a convenient and inexpensive means of processing vendor payments or tax payments, direct depositing your employee payroll and/or transferring funds between banks. ACH payments are processed on an overnight basis. Transactions can be on a one-time or recurring basis.

Zero Balance Account (ZBA) Service

If you have multiple operating units, divisions or subsidiaries for purposes of separating cash accounting, and any company with a payroll account, a Zero Balance Account can provide efficiency. Link your various checking accounts to a general Operating account to provide efficiency to your available cash flow. Using a Zero Balance Account will centralize balances for investment and funding objectives; provide additional audit control and eliminate excel balances in multiple accounts. Funds flow between your ZBA and Operating checking account automatically eliminating the need for you to transfer funds.

Wire Transfer Service

1st State Bank will wire funds from your account with us to another bank on your instruction. Our in-house wire transfer area will handle your domestic and international requests accurately and timely with personal attention.

All wire transfers received prior to 4:40 p.m. on a business day will be posted to your account that day. Cut off for outgoing wires is 3:30 p.m. on a business day. All transfer notifications will be facilitated personally with authorized personnel via fax or telephone.

Business Visa® card

Take advantage of the security, flexibility and convenience of a VISA Business card. Manage and track expenses, and simplify record keeping of individual employee expenses. Choose from difference monthly account statements that fit your needs.

 

For more information, visit any of our Banking Offices or please Contact Us.