Control your finances, speed up receivables, and keep your funds secure with cash management from Encore Bank
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.
While managing your cash flow using Encore Bank’s solutions, it is very important for us to keep your accounts secure.
For clients in need of additional FDIC coverage above the maximum, Encore Bank can provide a money market daily sweep solution that enables them to receive FDIC insurance backed by the full faith and credit of the federal government. Encore Bank utilizes the Reich & Tang Demand Deposit Marketplace (DDM) service to insure clients’ accounts up to $30 million in additional FDIC coverage. By utilizing this service in a money market account, you are guaranteed access to your deposits at any time.
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