Cash Management
Is your cash flow working as hard for your business as you do?
At Rockland Trust our group of relationship advisors has advanced financial tools at their disposal to help you improve cash flow, maximize investments, lower costs, and better control your company's funds.
Efficiency
- 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.
- Zero Balance Accounts (ZBA's) - disbursement accounts can be automatically funded by a concentration account to cover daily clearings.
- 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.
- Wire Transfer Services - provides an efficient mechanism for moving money on a same day basis.
- Check Images on CD Rom - receive a CD-ROM which contains images of the front and back of checks paid for the month. Images can be sorted, printed or emailed.
Security
- 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 in mitigating fraud.
Convenience
- Remote Deposit - expedites funds availability and eliminates trips to the bank. Subject to approval.
- 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.
- 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.
Commercial Checking
Commercial Checking is the ideal type of checking account for those clients with high transaction volume or who are in need of cash management services. Service charges may be off-set by balances maintained in your Commercial Checking Account.