Treasury Management

Managing Cash Flow

Control your finances, speed up receivables, and keep your funds secure with cash management from Encore Bank

Encore Merchant Services

Remote Check Deposit

Lockbox Services

Encore Bank centralizes payments to a single post-office box and makes daily, strategically timed collections. We immediately process incoming payments using a proprietary, automated process – opening mail, processing payments, and depositing funds swiftly and securely into your account. Paper checks are securely imaged, archived, and then shredded for secure disposal. Deposits are made the same business day and are received in a fast, accurate manner.

Electronic Data Interchange (EDI)

Disbursements

Zero Balance Account Services

Sweeps

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.

Business Credit Cards

Business Purchasing Cards

Wire Transfers

ACH

Account Security

While managing your cash flow using Encore Bank’s solutions, it is very important for us to keep your accounts secure.

ACH Debit Blocks

ACH Debit Filter

Positive Pay

Reich & Tang

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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