Treasury Management
Save time on routine processes, receive payments more efficiently, streamline your cash flow and put your extra funds to good use!
| Payables & Receivables Management | Liquidity Management | Information Management | Risk Management |
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ACH Origination
With ACH Origination you can create electronic payments and deposits. These transactions can either be debits or credits. Example of these transactions:
Payroll Benefits
Direct deposit makes payday simple for your employees. No more heading out to deposit or cash their paychecks – It’s already in their accounts.
- Because there is only one debit to your business account at end of the month, there are no payroll checks for your accounting department to reconcile
- Your business will use far fewer checks, and you no longer need to sign all of those paychecks
- You won’t need to reissue checks or place stop payments on lost payroll checks
ACH Debit Payments
Examples of recurring payments could include monthly utilities, fitness club dues or other memberships, property management fees, donations, and other continuing payments.
- Your payments arrive on their due dates
- You have immediate access to funds
- Eliminates the need to send out additional notices or pay collection fees
Vendor Payments
ACH Origination can also be used to pay your bills to other third parties such as vendors and suppliers or customers. It eliminates paper checks and provides a more efficient way to manage bill payments.
Wire Transfer
With Wire Transfers you can electronically send funds while still maintaining the efficiencies associated with the fast and secure movement of money.
- You can initiate domestic wires online with dual control availability, giving your business the opportunity to separate authority.
Business Bill Pay
When you’re in business, saving time is saving money. That’s why we created Business Bill Pay services that help your business save money by eliminating things that take time—like bill preparation and check writing. With Business Bill Pay, you can pay expenses quickly and easily online.
- Track payment history and account balances
- Set up and manage recurring payments
- Make person-to-person and bank-to-bank payments
- Pay individuals electronically by simply sending them an email/text message
- Receive alerts when bills are due via text, email, or both
Remote Deposit Capture
Remote Deposit allows you to scan images and deposit your checks electronically with a check scanner, saving you a trip to the bank. Additional benefits include:
- Speed, savings, convenience and security
- No need to purchase, install or maintain software
- Improve efficiency and profitability
SmartPay Express
SmartPay Express makes it easier for small businesses, nonprofits and other organizations to accept online payments or donations. It’s an ideal option for businesses looking to expand their revenue stream without access to or a need for shopping cart functionality.
- Provides a secure, hosted payment acceptance portal that can be custom-branded for any small business or nonprofit organization
- Requires minimal amount of technical setup to link from an existing website
- Allows processing of a variety of payment types: single or recurring payments from a checking or savings account or even a debit or credit card
- Permits your customers to view information about past payments or donations
Mobile Remote Deposit Capture
With Mobile Remote Deposit Capture you can deposit checks electronically into your business accounts without visiting a branch or ATM. The deposit can be done anywhere with the use of your Smartphone.
Merchant Services
Whether you accept payments online, by phone, in-store, or on the go, we have a solution that’ll fit your business.
Sweep Services*
Zero Balance Account
Manage the disbursement process with Zero Balance Accounts. Transfer money from the funding account automatically to cover disbursement made on the Zero Balance Account. Manage funds in one special purpose account conveniently.
A Loan Sweep provides an automated method of managing excess funds with a Line of Credit. Excess funds over a specified sweep point are swept from the checking account to pay down the loan. A loan advance will automatically occur if the checking account balance falls below the established sweep point.
*Swept funds may not be FDIC insured based on account structure.
VISA® Business Cards
We offer a variety of business credit cards to meet your business needs. Separate your business and personal expenses while you enjoy:
- Free 24/7 online access for managing your account. Your Authorized Company Representative can view transaction activity and history, pay your bill, set up your alerts and more.
- Free management reports to help you track expenses, monitor your spending, spot tax deductions, prepare your tax filings and forecast expenses more easily.
- Cash flow management with the flexibility to cover the cost of supplies, equipment, travel and more.
- Rewards for every dollar spent with no annual fee!
- Security Tokens
- Time/Day Restrict
- Email Alerts
- IP Restriction
- Dual Control
Business Online Banking
Online banking is one of the easiest and most convenient ways to do your business banking.
Online Banking for your business makes it easy to conveniently transfer funds between accounts and stay on top of your accounts by viewing current transactions, seeing actual images of checks and deposit slips.
- Access your statements from up to 12 months ago
- Download account information to most money management software, word processing document or even a spreadsheet
- Easily and conveniently make loan payments
- Set up email/text alerts
- Direct Connect with QuickBooks
- Order checks and much more!
Business Mobile Banking
Take your banking needs anywhere! It’s safe, secure and ready to use whenever and wherever you need it, anywhere you have internet access.
Online Banking makes it easy to:
- Conveniently transfer funds between accounts
- Stay on top of your accounts by viewing current transactions, seeing actual images of checks and deposit slips
- Access bank statements from up to 12 months ago
- Easily and conveniently make loan payments
- Pay Bills
- Set up email/text alerts
QuickBooks Integration
Eliminate tedious, manual data entry by automatically connecting to your accounts and download transactions. Data flows automatically into your books for you to review everything in one place.
eStatements
- Faster Delivery - you have access to your statements online as soon as they are available, not when the postal worker delivers them,
- Digital Statement History - You'll have access to your statements online for up to 18 months. Your eStatements are in PDF format, so you can easily save or print them.
- Flexibility - Have some accounts you still want delivered to your mailbox each month? With eStatements you have the ability to pick and choose which accounts you would like to view digitally.
- Lower Risk of ID Theft - Reduce the risk with no more paper statements sitting in your mailbox. Online Statements are protected and encrypted on your online banking platform.
ACH Positive Pay
Automated Clearing House (ACH) Positive Pay provides you with the tools to proactively prevent unauthorized transactions on your account.
- ACH Positive Pay involves maintaining a list of ACH transactions that you've "pre-authorized" that the system will compare and verify.
- Depending on your instructions, ACH debits and/or credits will be automatically stopped from unexpectedly settling against your account and returned to the initiator as unauthorized.
- ACH Positive Pay allows only ACH debits and/or credits transactions that you specify to be able to post to your account, while all others will be returned automatically.
Check Positive Pay
Protect your company against costly check fraud with our Positive Pay service. Each check presented for payment will be compared against checks you have issued, and we will notify you of any mismatches. You can view mismatches or exceptions online and direct us to pay or return items — all before any funds are exchanged.
- Reduce Potential Losses Due to Check Fraud— Positive Pay helps protect against altered and counterfeit checks by providing you the opportunity to return checks within the required 24-hour deadline
- Make Pay or Return Decisions with Confidence— See actual images of exception items via Online Banking so you can quickly and easily determine the correct disposition of any checks with discrepancies
- Funds Stay under Your Control— Timely return decisions allow funds to remain in your account, avoiding delays and the risk of loss associated with late returns
Insured Cash Sweep
With ICS, or the Insured Cash Sweep service, you can secure funds placed into demand deposit accounts, money markets deposit accounts or both with FDIC insurance eligibility well beyond $250,000.
- Rest assured knowing that your funds are eligible for FDIC insurance protections.
- Cash Management option that offers operational efficiencies.
- Receive just one regular, monthly account statement
CDARS
CDARS – the Certificate of Deposit Account Registry Service, offers multiple benefits to combine the security of access to FDIC insurance above $250,000 with the ability to earn interest.
- Work directly with Citizens Community Bank to make large deposits eligible for FDIC Insurance.
- Earn one rate for each CD maturity and enjoy the option of reinvesting funds through a simple process.
- Receive one statement summarizing all your CD holdings.