Cash Management
Essential financial tools to make your operation more efficient and prevent fraud, including Positive Pay, ACH Origination, Zero Balance Accounts, Remote Deposit Capture, and Wire Transfers.
Cash management services are an essential component of financial management for businesses of all sizes. These services encompass a range of tools designed to optimize the handling, collection, disbursement, and investment of cash within your organization. From streamlining day-to-day transactions to maximizing liquidity and minimizing risk, effective cash management services are essential for maintaining financial stability and driving business growth.
Features*
Cash Management Sweep
- Optimize your cash flow by getting higher returns on cash that might otherwise languish in your checking account.
- Automate processes by linking your checking account to our sweep product and set. predetermined balances to help you maximize your earnings.
- Money is conveniently swept back into your account when you need it most.
Zero Balance Account
- Zero Balance Accounts are designed for companies that maintain a general operating account and separate accounts for other purposes (payroll, petty cash, etc.).
- Disbursements are made from subsidiary accounts, which always maintains a zero balance or other user defined balance. This account system allows the company increased investment opportunities and reduced administrative expense.
ACH Origination
- Originate ACH Transactions easily from our secure online banking.
- Initiate ACH transactions in batches using built-in templates, adding convenience
for reoccurring payments or receipts. - Create best practice internal controls via multi-layered authorizations.
- Increase security while sending funds and save on cost of checks and postage.
Online Wire Services
- Initiate domestic and international wire transfers for same day payments easily from our secure online banking.
- Receive domestic or international wires into your account.
- Increase security while sending funds and save on cost of checks and postage.
- Create best practice internal controls via multi-layered authorizations.
Remote Deposit Capture
- New Valley’s Remote Deposit Capture scanners allow customers to make deposits from the convenience of your office, reducing the need to make trips to the bank – though we still love to see you in person!
- Deposit to multiple accounts within the same session with the same scanner.
- Track and manage deposit history, easily researching past deposits when needed.
- Expediate funds availability.
Online Banking Account Management
- Establish individual account access levels, including Information Reporting, ACH Originations, Wire Transfers and BillPay.
- Limit what users can view- such as details of one account, allow your accountant to view details of all accounts and make payments from a selected account, etc.
- Manage accounts for multiple businesses with one Online ID.
- Transfer funds between different business entity accounts linked to your profile.
- Perform all your online banking directly within QuickBooks and Quicken.
- Process real-time stop payments.
Positive Pay - Check or ACH
- Automated fraud detection tool, NVB&T offers to help you feel secure about your accounts.
- Compares each check presented for payment against check issue file and identifies checks that do not match. View images of check exceptions and decide which items to pay and return.
- ACH Block service prohibits unauthorized ACH activity on your account.
*Fees may apply. See Business Schedule of Fees for more information.