|
Cash Management
At Tower Bank, we want your company to grow and prosper. That’s why we offer a complete line of cash management tools to help you get the most from your cash flow.
Sweep Account
With a sweep account, available funds in your account are automatically swept into your choice of a selection of investments* or bank insured accounts at the end of each business day. A sweep-to-loan (pay-down) option is also available. *Not FDIC insured.
Online Banking
The latest in banking technology is a mouse click away. With Tower’s online banking service, you can review account activity, make transfers and loan payments between Tower Bank accounts, print off imaged copies of your canceled checks, set up wire transfers, reorder checks, request stop payments, and more.
Automated Clearing House (ACH)
The Automated Clearing House service is a paperless system that utilizes an electronic alternative to checks and other traditional paper instruments. This service provides speed and efficiency in such functions as payroll, disbursement of dividends, retirement benefits, and other recurring payments. Tower’s ACH service is available from any Internet connection.
Lockbox Services
With Tower Bank’s lockbox service, we collect and deposit customer payments for you so they are deposited more quickly. Here’s how it works. Your customers mail payments to a post office box. Our courier picks up the payments. They are then processed and deposited to your account the same business day. All the payment information is forwarded to you. Payments reach your account earlier and your staff is freed up to focus on more important matters.
Zero Balance Account (ZBA)
A Zero Balance Account is a subsidiary account that is maintained at a specified balance—usually zero—and electronically linked to a master account. With a ZBA you maximize control of your balances and experience no float loss.
Courier Service
Our in-house courier service brings the bank to you. We provide pick up and delivery of deposits and withdrawals, receipts and correspondence, application forms, and more. We’ll pick up and deliver as many times per week as you need.
To obtain a customized quote or to learn more about Tower Bank’s full line of cash management products and services—including business credit cards and credit card merchant processing—call a Tower Bank professional today at 260.427.7134. |
