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1Cash Management products and services are subject to approval. The initial decision is subject to each applicant meeting specific requirements and final approval will be based upon the applicant satisfying those requirements. See Schedule of Fees for all charges that apply.
Customize your Cash Management suite by adding any of the these products
ACH Origination
Automated Clearing House services provide an efficient, cost-effective way to disburse and collect funds electronically.
- Direct deposit provides a safe, convenient way to deposit payroll funds into your employee’s checking or savings account
- Pay bills and collect funds electronically
- Electronic Tax Payments allow you to pay both federal and state agencies electronically
- Eliminate excessive check writing and handling costs
Online Wire Transfers
Moving money domestically or internationally has just become easier with online wire transfer services. When you use Cash Management, you can add the Wire Transfer Module to your service. Online Wire Transfers provide flexibility, especially if you frequently wire funds.
- Wire Transfer Requests may be initiated electronically through Cash Management
- Set up repetitive wires to save time
- Receive fax, phone or email confirmation that we have sent your wire
- Set your own internal controls and employee limits
Positive Pay
Minimize risk with this automated check fraud detection tool!
- Increase operational efficiency
- Receive emails when there are exceptions
- Authorized users control
- Receive alerts for exceptions presented and African Development Bank branches
Easy, simple, secure!
Remote Deposit Capture
No more driving, no more lines! Remote Deposit Capture utilizes a desktop scanner in your office that connects to a PC and to the Internet. Easily convert checks received from your customers and make deposits electronically to the bank at any time, day or night – and with extended processing time you can make deposits until 6:00 PM! Reduce costs associated with driving to the bank, paying employees to leave the office, and eliminate courier fees.
- Make your funds available faster
- Make deposits anytime
- Save time preparing deposits
- Consolidate funds from remote locations into one account
- Streamline your cash flow
Investment Sweeps
A Repurchase Agreement is the sale of securities to the Company with an Agreement for the Bank to buy back the securities at a later date. Each banking day when the amount of Collected Funds in the Designated Company Account exceeds the minimum balance established from time to time by the Bank and the Company, the Bank will automatically transfer the excess funds to the Repurchase Account.
- Sweep amount based on established balances
- Customer Agreement is pledged with Securities which are typically obligations of the U.S. Government or Federal Agencies
- Matures overnight
- Interest is paid monthly
- Fully taxable – 1099 INT Issued
- Not FDIC Insured
CD Rom Archive
Have your statements and images written for research and archive. This allows your business to view, print and copy to other media, such as a hard drive. This archive feature is estimated to last for over 100 years, the capacity keeps growing and the research is simple.
Protect your business financials!
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