Cash Management Services

Our Cash Management services are designed to present a customized solution to our clients to help them in the day to day management of their business.

Commercial Checking

Commercial Checking is the ideal type of checking account for those clients with high transaction volume or are in need of cash management services. Service charges may be off-set by balances maintained in your Commercial Checking Account.

Collection:

Wholesale Lockbox - expedites funds availability while reducing clerical costs.
ACH/Cash Concentration - provides a mechanism for consolidating funds electronically to improve your overall cash position.
Remote Deposit - expedites funds availability and eliminates trips to the bank.

Disbursement:

ACH - allows for the disbursement of funds electronically, such as Direct Deposits of Payroll, Dividend Payments or Tax Payments.
Tax Payments - pay federal or state taxes with the convenience of a click from our Home Page or using a touch tone phone. Click here to enroll
Zero Balance Accounts (ZBA's) - disbursement accounts can be automatically funded by a concentration account to cover daily clearings.
Wire Transfer Services - provides an efficient mechanism for moving money on a same day basis.

Information & Investment:

Cash Management Online Banking - an all-inclusive internet based platform which shows daily balances and activity, enables initiation of Stop Payments and Internal Transfers, Tax Payments, ACH and Wire transfers and allows for the printing of monthly statements.
Automatic Sweep to Investment - designed for clients who seek to maximize their liquid funds with an automated, collateralized, investment vehicle.
Automatic Sweep to Line of Credit/Investment - monies will automatically fund an Investment Instrument or pay down a Line of Credit depending on the daily cash position.
Short Term Investments - a host of options such as Certificates of Deposits or Money Market Accounts.

Other Services:

Reconciliation:

Partial Reconciliation-Rockland Trust will provide a list of your checks paid in serial number sequence.
Full Reconciliation - Rockland Trust will produce an outstanding list of checks paid, matched against your check issue file.
Deposit Reconciliation - records store/department locations in accordance with your parameters.
Positive Pay - validates check number and amount against your check issue file. Assists to mitigate fraud.

Check Images on CD Rom - receive CD which contains images of the front and back of checks paid for the month. Images can be sorted, printed or emailed.