Automated Clearing House
As a secure, private network, ACH is a smart choice for any commercial enterprise, non-profit organization, association or governmental body that makes deposits to a bank or payments to contractors or vendors. With electronic processing, funds move faster, the risk of errors and fraud drops and you maintain optimal cash control with fewer resources.
Convert paper-based transactions to West Bank ACH and we’ll show businesses how to:
- Decrease processing costs
- Improve employee satisfaction by offering direct deposit of payroll to save them time and money
- Reduce exposure to check fraud by eliminating paper checks
- Increase payment predictability
- Utilize excess balances in multiple locations with electronic cash concentration services
- Control ACH payments received using electronic data interchange translation
ACH is a decidedly different solution.
Give yourself the luxury of having more time to concentrate on your business. Put ACH state-of-the-art technology to work for you as a paperless electronic funds transfer solution. To find out more about West Bank ACH services, contact Paige Sterling-Sitroneto, treasury management expert, at 515-222-5753.
eDeposit
Deposit checks without leaving your place of business
eDeposit is a new product that allows businesses to deposit customers’ checks electronically from a computer at their location, virtually eliminating the need for deposit trips to the bank. eDeposit uses simple yet secure technology to give you more time, cost savings, and better security.
How it Works
Making an eDeposit is simple by using a desktop computer, software and a Web connection. A small scanner that fits easily on a desktop
copies the front and back of your customers' checks. View images of your scanned checks and total amount to be deposited right from your
PC. Send your deposit to West Bank through a secure online connection without leaving your business. Enjoy having funds available faster than ever!
Benefits
Save Time and Money- eDeposit allows you to scan your customers’ checks to be deposited electronically from your place of business into your bank account, giving you faster funds availability. Deposit funds from multiple business locations into one account to eliminate the need for costly couriers, employee travel, and bulk deposit preparation.
Increases Fund Availability- You may deposit funds any time of day, as frequently as you’d like, to provide you with funds faster than traditional deposit processing.
Reduce Security Risks- eDeposit virtually eliminates security risks associated with carrying checks to and from the bank. Your business checks cross fewer hands on their way to being deposited, decreasing fraud opportunities.
24-hour-a-day deposits, 7 days a week- Have checks you need deposited after bank hours? No problem. eDeposit can be used any time of the day, seven days a week. Deposit funds as frequently as you’d like, whenever it’s most convenient for you.
Deposit from remote locations- No matter how many business sites you have, you may deposit funds into your accounts from various locations. No need for couriers, employee travel, and bulk deposits.
Security Features
- Authorized Users- you identify personnel authorized to make deposits and review account information
- Password Protection- Your private and secure login information provides access only to authorized personnel
- 128-bit Encryption- The highest level of online data protection
- Review Account Activity- All deposits are automatically logged in an administrative audit file and account history may be reviewed at any time.
A decidedly different way to make commercial deposits.
eDeposit can save your business time and money, and make your funds available faster than before. To find out more about eDeposit, contact Paige Sterling-Sitroneto, treasury management expert, at 515-222-5753.
eCorp
Businesses that need real-time cash management reporting will benefit from eCorp, West Bank's advanced internet-based information network.
Efficient and Secure with Real Time Account Information
This advanced, Internet based transaction and information network gives you control of your activity with West Bank. With eCorp, you can make immediate and accurate decisions based on real-time information. This efficient and secure cash management solution displays account information in convenient and easy-to-navigate formats.
eCorp provides you with a full range of desktop computer capabilities with easy access to the transactions and information you need to manage your banking activity. Click here to see a demonstration of West Bank’s eCorp Service.
- Self-service functionality provides instant access to account balances and cash position, as well as loan maturity, payment and interest information.
- Monitor up-to-the-minute transaction activity, transaction history, account access and review.
- Sophisticated and custom security features give you more control over levels of security in a multiple-user environment.
- Establish employee rights via access options, time-of-day access, password control or transfer limits.
- View your paid checks and deposits online.
- Provide online initiation of wire transfers (domestic and international) and online initiation of stop payments.
- Allow online viewing and printing of check images
- Export transactions to accounting programs for quick reconciliation
- ACH origination services save accounting dollars and create internal efficiencies, while direct deposit of payroll provides a fringe benefit that employees value.
A decidedly different way to access your business account information.
West Bank's eCorp provides businesses with a full range of desktop capabilities with easy access to the information needed to manage banking activities. To find out more about eCorp, contact Paige Sterling-Sitroneto, treasury management expert, at 515-222-5753.
Card Services
Merchant Card Services
We make it easy for you to accept credit cards, and we'll guide you through the process step by step:
- Analysis - At no cost to you, West Bank will conduct an evaluation of your business to determine the best and most affordable processing method.
- Hands-on Installation & Training - We offer flexible processing options to meet your price and performance requirements. We’ll provide support for program implementation and staff training.
- On-going Support - Responsive customer support distinguishes West Bank as a local, reliable provider of merchant services. We partner with SHAZAM in offering a 24-hour local customer service help line.
So, whether you are just starting out, or looking to expand your business, West Bank Merchant Services can broaden your payment options while giving your customers the choice and convenience of paying for their purchase with credit and debit cards.
Corporate Credit Card
Entertain clients, make travel arrangements or buy office supplies. A West Bank Visa® Rewards Business Credit Card can help you meet the everyday challenges of running your business.
- 0% APR for four months, then prime +4.95% floating!
- No first year fee!
- No Annual fee ever with four retail purchases per year!
- Turns qualifying purchases into points good toward
- Discounts on airline tickets
- Travel awards
- Dining and more
- Detailed individual monthly statements for each of your employees.
- Pre-set both the credit and cash advance limit of each employee.
- Worldwide acceptance and safer than carrying cash. Shop at more than 20 million Visa® locations worldwide, in person, on the phone or over the Internet or get cash at more than 675,000 ATMs around the world.
Business Debit Cards
are now available on any West Bank checking account. Debit card purchases are deducted directly from your West Bank account, so you no longer have to charge your business purchases on your high interest credit cards.
Decidedly different merchant card services.
Whether you're just starting out or expanding your business, we can help you give your customers the choice and convenience of paying with a credit or debit card. To find out more about West Bank merchant card services, contact Gary Moritz, merchant card services expert, at 515-222-2313.
Investment Solutions
To help fulfill the diverse and changing needs of business clients, West Bank and its affiliate offer a comprehensive range of investment options. Our investment services will assist any commercial enterprise, non-profit organization, association or governmental body that wants idle or under-performing assets to become more productive.
Investment tools available through West Bank
West Bank can help clients put idle cash to work by offering financial products such as Jumbo CDs, CDARS and sweep accounts. We also provide access to other
investment solutions such as hands-on customized portfolio management through our affiliation with
WB Capital Management Inc.
Complete Investment Strategies
WB Capital Management Inc. offers businesses a customized approach to portfolio management with hand-on attention. The firm provides investment strategies that identify and control risk while capitalizing on long-term economic, demographic and cultural trends and fundamental shifts in business practices.
Short and Long Term Investment Solutions
Jumbo CDs
Jumbo CDs offer flexible, competitively priced investments through tiered interest rates. Terms range from seven days to five years with a minimum deposit of $250,000 but not exceeding $5,000,000. CDs are a good choice for businesses looking for long and short term investments.
Flex CD
Unique in our market, a variable-rate, Flex CD gives businesses the guaranteed return of a traditional CD with the flexibility of a savings account. With as little as a $5,000 minimum balance, businesses can deposit funds at any time and withdraw up to 25 percent of the CD value quarterly. View our competitive rates
CDARS
By providing access to up to $30 million in FDIC insurance through a single bank, CDARS (Certificate of Deposit Account Registry Service) can help
simplify and improve the financial performance of businesses. With access to full insurance, businesses can say "goodbye" to surety bonds and
collateralization requirements. With CDARS, businesses get one bank, one rate and one statement.
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One Bank: Investors can access multi-million FDIC insurance coverage by working with just one bank.
One Rate: Investors negotiate one rate for each CD maturity and enjoy the option of reinvesting them through a simple process.
One Statement: Investors receive one easy-to-read statement summarizing all holdings.
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These benefits can reduce businesses administration burdens and provide organizations with more time to focus on profit-generating activities. West Bank offers this type of CD with terms of 13 weeks, 26 weeks, and one year and a minimum deposit of $25,000.
Daily Investment Solutions
Sweep Accounts
West Bank's corporate investment sweep service can automatically assist businesses in managing cash flow, saving time and resources, and increasing earnings on daily deposits. A sweep account is a way for businesses to automatically invest excess checking account balances to gain a higher return on their idle funds. These accounts may also help manage daily borrowing needs and reduce your interest expense and assist in retiring short term debt.
Enhance Your Earning Potential and Pay Down Debt
Each evening, after a business checking account activity has been posted, your checking balance in excess of a pre-determined target balance is transferred to an automated overnight investment* account that earns a higher return. If your line of credit has an outstanding balance, excess funds are applied from your checking account to reduce principal balance on the line of credit, thus saving you substantial interest.
West Bank Sweep Account
- 1. Automates the investment of idle checking balances
- 1a. Excess funds can be placed in overnight investments
- 1b. Reduce interest expense by paying down balances on your line of credit
- 2. Puts unallocated funds to work earning competitive tiered interest rates
- 3. Provides efficiency for daily utilization of excess funds
- 4. Invested funds are fully collateralized with a daily confirmation
- 5. Consolidated weekly statement with interest posting
*Available only for analyzed accounts. This collateralized product is only for business customers. It is not FDIC Insured.
Some decidedly different solutions.
Are your investments under-performing? Would you like to put excess checking balances to work earning competitive interest rates? We can help you get more from your money. To find out more about West Bank financial solutions, contact Paige Sterling-Sitroneto, treasury management expert, at 515-222-5753
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SECURITY ALERTS
