Managing Cash Flow
Control your finances, speed up receivables and keep your funds secure with cash management from Encore Bank.
Merchant Services lets you accept major credit and debit cards – which can add more convenience for your customers, and more sales for your business.
Remote Check Deposit allows you to securely deposit checks into your Encore Bank account by using a portable scanner from the convenience of your office.
Lockbox services can maximize the efficiency of receivables because the system significantly reduces in-house processing. They use the latest technology to help provide the most efficient process for our customer. The customer will not physically have to touch or process the items themselves. The payments will go directly to the lockbox service to be processed. Simultaneously, the deposits are sent to the bank and the remittance files are sent to the customer.
Disbursements
A Zero Balance Account (ZBA) is a checking account in which a balance of zero is maintained by automatically transferring funds from a master account in an amount only large enough to cover checks presented. A ZBA is used by corporations to eliminate excess balances in separate accounts and maintain greater control over disbursements.
Loan Sweep: A Commercial Loan Sweep is an easy and secure way to automatically move money between your checking account and your line of credit. Idle funds in your deposit account are automatically used to pay down your line of credit balance, reducing your interest expense. Automatic loan sweeps from your line of credit into your checking account help you avoid overdrafts and associated fees. Simply set a target balance for your checking account and your line of credit will automatically maintain that balance.
Cash Sweep: A cash sweep is an automatic bank process. Through this process, funds are moved from a bank deposit account to an investment account or from an investment account to a deposit account.
When it comes to running any successful business, cash flow is key. That is why we are dedicated to delivering products designed to accelerate your receivables and control your payments.
Our Business Credit Card offers businesses the flexibility to manage all expenses – from everyday purchases to travel and entertainment – with a single card program that is supported by chip cards with both signature and PIN authorizations.
Our Business Purchasing Card can improve your organization’s performance by increasing your purchasing oversight, helping to reduce costs, and streamlining your payment process.
Encore Bank provides the functionality to send wires through our secure environment in Advanced Business. You can customize authorities and dual control options.
An automatic clearing house or ACH payment is an electronic means of either depositing or withdrawing funds from a bank account. ACH payment processing is used widely in numerous industries for both business-to-business and business-to-consumer transactions. When it comes to running any successful business, cash flow is key.
Account Security
While managing your cash flow using Encore Bank’s solutions, it is very important for us to keep your accounts secure.
R&T Deposit Solutions
Insured Cash Sweep (ICS) for FDIC coverage
Avoid the burden of dealing with numerous bank relationships and benefit from a high level of FDIC insurance through a single point of contact.
ACH Debit Blocks block all ACH debit and credit payments from posting to your account to prevent ACH fraud.
The ACH Debit Filter allows you to authorize specific debits to pass through the block and post to your account. Encore Bank allows you to approve items as they attempt to post on the online portal.
Positive Pay adds an extra layer of protection with this check fraud prevention feature that automatically compares details of checks issued each business day.