Cash Management Services enable you to expedite your accounts receivable process, manage funds more efficiently and conveniently control disbursements.
City's Web-based cash management solution allows unlimited concurrent users real-time access to account information.
Access your online banking information by logging in to bankatcity.com. Pay bills and transfer money with QuickBooks and download statements into Quicken through seamless integration with your City account.
For technical support with QuickBooks, contact Intuit at 1-888-859-4056 or http://www.quickbooks.com/support . For technical support with Quicken, contact Intuit at 1-800-811-8766 or https://www.quicken.com/support.
ACH Disbursements and Collections
ACH (Automatic Clearing House) disbursements enable you to originate ACH credits to vendors and employees for payroll direct deposit purposes. ACH collections enable you to originate ACH debits from your customers' checking accounts. The efficiency of ACH origination results in an improved cash position. Benefits include:
- Same-day ACH capability
- More reliable cash flow
- Increased use of funds
- Lower transaction costs
- Timely information
- Highly secure
- Enhanced customer service
- Ideal for recurring transactions
Merchant Services allows your business to accept payments in many ways - mobile, online, over the phone or contactless. Serving customers is your business and making that job a little easier is ours.
Through remote deposit, you can send electronic images of checks as the legal equivalent of original paper deposit items. Simply scan checks at your place of business and then send electronic images to the bank for processing. Candidates for remote deposit have fewer than 100 deposit items per day. Benefits include:
- Eliminating daily or weekly trips to the local branch.
- Improving cash flow - checks can be deposited immediately up to 7pm EST.
- Encouraging more timely deposits.
- Providing convenience 24 hours a day, 7 days a week.
- Integrating deposit information with your internal accounting system.
Through lockbox services, your customers remit payments directly to a specified post office box. City National Bank collects all incoming payments daily, posts them to the designated account and provides remittance data electronically. Benefits include:
- Eliminating in-house clerical work needed to make deposits.
- Reducing trips to the bank.
- Providing daily credits of all incoming payments.
- Crediting your account faster, providing you use of the funds at least one day earlier.
- Supplying electronic payment files for automatic posting.
Wire transfers can be sent for credit to an account or for an individual to accept at the receiving site with proper identification. In addition to wire requests being initiated at a branch, City's Corporate Cash Management will allow a business to initiate wire transfers online.
Sweeping funds between accounts helps you maximize your cash flow.
If your business has multiple locations, each can deposit into a consolidated account.
Account Reconciliation, commonly referred to as Account Recon, is the automated reconcilement of high volume checking accounts and generates timely reports that detail the disbursement of checks.
An automated fraud detection service that matches the account number, check number and dollar amount of each check presented for payment against a list of checks previously authorized and issued by your company.
Through the account analysis process, you earn credits for banking services, which may offset all or a portion of the month's end hard dollar charges.