Everything you need to stay on track
Our Digital Services team specializes in finding the right products and services to fit your business or non-profit so that you have everything you need, and nothing you don't.
Automated Clearing House (ACH) Origination*▼
Gain financial control with direct deposits and direct debits
Streamline your accounts payable and receivable processes with ACH Origination. This service enables you to initiate credit and debit transactions for employee direct deposit, vendor payments, dues and more.
Contact our Cash Management Team today at onlinebanking@commencementbank.com or call us directly at 888.897.9330 to learn more about how ACH Origination can improve your cash flow and increase your overall business efficiency!
Credit Card*▼
Offered through our partner, Elan Financial Services
Find the Business Credit Card that is right for you!
View account activity, payment history, and even make payments online
Managing your business credit card has never been easier. Access your Commencement Bank credit card account online to analyze spending, review statements, pay your bill, and more.
*The creditor and issuer of these cards is Elan Financial Services, pursuant to separate licenses from Visa U.S.A.
Lockbox Remittance Processing▼
A coordinated service to handle all of your receivables
Lockbox is designed to accelerate the receipt and deposit of check and credit card payments sent through the mail by collecting customer payments at a centralized location instead of your business address. In addition to reducing mail, this service can dramatically enhance your business by:
• Improving cash flow by streamlining the receivables process
• Reducing overhead costs associated with manual processing
• Providing you with greater visibility and control of your payments
• Offering an added benefit for your customers
Our lockbox service can support a wide range of billing services. Contact our Cash Management Team at onlinebanking@commencementbank.com or call 888.897.9330 to learn more!
Positive Pay▼
Add an additional line of defense against losses due to fraud or error
When it comes to preserving your profits, it never hurts to have an extra set of eyes. Positive Pay gives you the ability to proactively authorize checks before they clear your account.
Upload your check issue file within online banking. Then, each morning, designated online banking users are presented with:
• Checks not included in the issue file
• Checks with duplicated serial numbers
• Checks without serial numbers
• Checks for which the paid amount differs from the amount on your issue file
If an unauthorized or altered check is identified, you will be notified electronically. By validating the dollar amount and check number of each check before it is paid, you shield your business from costly losses and gain peace of mind. Best of all, Positive Pay is integrated with our teller system, offering you further protection if a payee tries to cash an unauthorized check.
Contact our Cash Management Team today at onlinebanking@commencementbank.com or call us directly at 888.897.9330 to learn more!
Remote Deposit Capture▼
Deposit checks directly from your desktop
Eliminate trips to the bank with the power and conveniences of Remote Deposit Capture. With a scanner we provide, and web capability, you can securely scan and submit checks directly from your desktop computer. You won’t miss filling out deposit slips or endorsing every check as our scanners capture all of the necessary information using intelligent character recognition technology and send it directly to the bank.
Businesses with multiple locations can centralize deposits into one account while tracking deposits by location. It has never been easier to make deposits and manage your accounts than with Remote Deposit Capture. Checks clear faster, which means your money goes to work for you earlier.
Contact our Cash Management Team today at onlinebanking@commencementbank.com or call us directly at 888.897.9330 to learn more!
Sweep Accounts▼
Optimize your earnings potential
Our sweep services automate the management of your working capital by automatically moving money where you need it, thus minimizing your borrowing, efficiently managing the funding of payroll, earning interest on excess funds, and much more.
Contact our Cash Management Team at onlinebanking@commencementbank.com or 888.897.9330 to determine the sweep account that best suits your business needs!
