Centrix Bank's Cash Management Services are designed to present customized solutions for our business, municipality and not–for–profit customers to help with your day–to–day business management. Our products will assist you in the Collection, Disbursement and Investment of your funds.

Collection

• Wholesale and Retail Lockbox — expedites funds availability while reducing in–house processing costs of accounts receivables.


• Remote Deposit Capture — expedites funds availability and saves time and money by eliminating trips to the bank through an easy-to-use process.


• ACH/Receivable Processing — provides a mechanism for collection of funds electronically to effectively manage your cash flow.


• Deposit Reconciliation — facilitates the reconciliation of deposit accounts for multiple locations using specially-encoded deposit slips.


• Customer Payment Portal — enables organizations to accept online payments or donations.

Disbursement

• ACH/Bill Payer — allows for the disbursement of funds electronically, such as direct deposits of payroll, bill payments and/or tax payments.


• Zero Balance Accounts (ZBAs) — are disbursement accounts that can be automatically funded by a concentration account to cover daily check clearing.


• Wire Transfer Services — provide an efficient mechanism for moving money on a same–day basis.

Investment

• Automatic Sweep to Investment — accounts are designed for clients who seek to maximize their liquid funds with an automated investment vehicle.*


• Short-Term Investments — provide a host of options, such as high yield savings, money market accounts, and certificates of deposits, including FDIC insured Certificate of Deposit Account Registry Service (CDARS).

* "Not FDIC insured, not guaranteed, and may lose value”

Fraud Prevention

• ACH Block – protects against unauthorized or fraudulent ACH entries.


• Reverse Positive Pay – is a Check Fraud Prevention product that allows you to review and return fraudulent checks via CentriNet, our online banking product. With Reverse Positive Pay, you have the ability to view a list of cleared checks from your account, as well as any check you did not issue can be marked for return prior to noon. Please note: Reverse Positive Pay requires a CentriNet account. Together with ACH Block, Reverse Positive Pay serves as an enhancement to account security.

Other Services

• Centrix Bank CentriNet Online Banking — is an all–inclusive Internet-based platform to view daily balances and activity, initiate stop payments, internal transfers, bill payments, ACH and wire transfers, as well as the ability to print monthly statements.


• Corporate Credit Cards - The Business Edition® Visa® Card gives you the power to save money, manage your cash flow, track expenses, earn more rewards, and 24/7 online access to your account.

For more information regarding our Cash Management products and services please contact: