Treasury Management Services
Seacoast National Bank’s Treasury Management Services are designed to help you run a smarter, stronger business, meet competitive challenges and maximize your profit potential. Our technology-based products are designed to maximize cash in-flows, provide information control and facilitate investment opportunities. Contact us to request information.
Our Treasury Management Services include:
Balance Reporting
Having daily information about your accounts will better prepare you to determine your cash position and use your available funds more effectively. Providing you with your current day’s balance, as well as detailed transaction information, will facilitate funds analysis, account reconcilement, funds transfer and investment.
Direct Deposit
No matter what size your company is, Direct Deposit is a convenient and cost-effective way to manage your payroll. Electronic payments to employees, retirees and other recurring payment recipients can reduce the cost of paper checks and distribution and eliminate stop payment charges for lost or stolen checks. In addition, employees gain quicker access to their money and the convenience of scheduled electronic deposit.
Pre-Authorized Electronic Debits, Cash Collection & Disbursements
If your company or organization typically receives or makes repetitive payments, you can realize considerable savings and enhance cash flow with our electronic money transfer service.
- Eliminate cost of bill preparations
- Make prompt, timely payments and disbursements
- Gain better control over your disbursement funding operation
- Faster conversion of receivables into available cash
Electronic Cash Concentration & Depository Transfer
We provide the capability to electronically move funds deposited at other banks into your account at Seacoast National Bank. Businesses or organizations with multiple deposit locations can transfer funds electronically and have them available on the next business day. Electronic concentration can eliminate costs associated with wire transfers, idle balances and burdensome internal processing.
Business Sweep Account
You can help maximize your return on investable cash with Seacoast National Bank’s overnight investment service. The surplus balances from your operating account can be automatically invested overnight. Funds are then transferred back and forth as necessary, to cover checks and invest new excess funds, ensuring that every extra investable dollar is working for you.
Zero Balance Accounts
Replace routine transfers between accounts with Seacoast National Bank’s Zero Balance accounts. Disbursement accounts can be funded automatically as checks are presented for payment, eliminating the need for routine transfers and the build-up of idle balances. Zero Balance accounts can also automatically move funds to a concentration account, preventing the build-up of funds in collection accounts.
Account Reconciliation
Whether you need a simple listing of paid checks or a more comprehensive reconciliation of your account(s), this valuable and cost-effective service helps businesses and organizations with staffing and/or time constraints. Bank-prepared paid check listings can be created and delivered to you electronically. With full account reconciliation, deposit and check issued information is matched against credits and checks paid.
Lockbox
Enjoy same-day processing and deposit with our lockbox mail collection processing. We will receive and deposit items for you, then send you a daily listing of deposits and payees via email or fax. Not only will you save the time and work required to process deposits, with our aggressive check availability schedule, you’ll also have cash from checks available sooner.
Positive Pay
With disbursement losses from fraud rising each year, Seacoast National Bank’s Positive Pay service can help you detect and protect your disbursement accounts from unauthorized payments. By matching your check issued information against checks presented, we are able to create a report of possible suspect items for you to access via the Internet and make pay or no-pay decisions.
Wire Transfers
Seacoast National Bank’s electronic funds transfer system can eliminate the time and cost involved with paper-based transactions. Transfer requests are processed on a same-day basis. Wire transfers allow the time-critical movement of funds between an account at Seacoast National Bank and an account at a destination bank. With appropriate documentation, wire transfers can be initiated by phone, fax, or online.
CD-ROM Statements
Our check image storage and retrieval system gives you the ability to view and access your Seacoast National Bank monthly checking account statements and/or cancelled checks. With our Check Organizer CD-ROM, you can display the image of the front and back of each check. Images may be printed or faxed with appropriate software. You can also sort the images by date, check number or amount.
Business Internet Banking
With Business Internet Banking, you can access your accounts 24 hours a day, 7 days a week from any PC with an Internet connection. Available in a secure environment using 128-bit SSL encryption, this no-fee service is modular in design, may be customized to your business’ specific needs and allows you to:
- Monitor current balance information and transactions on deposit accounts
- Reconcile accounts
- Place immediate stop payments without forms or phone calls
- Transfer funds between Seacoast National Bank accounts (some restrictions apply)
- Make payments to vendors or suppliers
- Generate bill payment activity reports
- Loan inquiry, advances and pay downs (some restrictions apply)
- Correspond via e-mail with Seacoast National Bank
- Customize multi-user security levels
- Wire money to other financial institutions
