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Cash Management Services

Remote Deposit Capture(Merchant Capture)

Remote Deposit Capture or Merchant Capture, allows you to deposit checks without physically taking them to the bank; no need to mail checks or make a trip to the branch during banking hours. Just scan your checks, submit the information, and the checks are processed and deposited into your account. To learn more about Remote Deposit click here.

Positive Pay

Positive Pay is an automated fraud detection service that matches the account, check number, and dollar amount of each check presented for payment against a list of checks that have been authorized and issued. It can also manage ACH debits and credits via filters and blocks. To learn more about Positive Pay click here.

Automated Clearing House (ACH) Origination            

Enables you to initiate electronic drafts from your customerís accounts for payments due and also allows you to send payments to vendors and suppliers.  Common applications of this feature are:  membership dues, giving/tithing programs and utility payments. To learn more about ACH Origination click here, and navigate to the ACH section of the video.

Direct Deposit Payroll

  • Reduce payroll disbursement costs by quickly and easily originating fund transfers electronically to your employees' accounts.
  • Employee payroll earnings can be directly deposited into several accounts and financial institutions throughout the United States.
  • Payroll data can be imported from most payroll software.
  • Transmission of data can be made 24 hours a day, 7 days a week.
  • Local Preferred Bank staff provides training and support.

EFTPS Origination

Electronic Federal Tax Payment System (EFTPS).  This system permits you to pay your federal taxes electronically.

ACH Origination Import

Uses the National Automated Clearing House Association (NACHA) format to import debit and credit batches from a third party software program.

WireTransfer

You initiate the domestic wire request allowing you to move funds quickly, reliably and securely. To learn more about Wire Transfer Origination click here, and navigate to the Wire section of the video.

 

Regulation D Transaction Limitations - Federal regulations require banks to limit the way withdrawals and transfers may be made from a savings or money market account. Click here for additional information on restricted transactions and applicable fees.