Manage your cash effectively and worry-free!
Reliance Bank offers a full suite of cash and treasury management services to assist our business clients to most effectively manage their cash flow. Our experienced staff of treasury management professionals will converse fluently about the entire cash cycle of your business and then consultatively tailor solutions to create efficiencies and benefits in the following facets of cash flow:
ScanFast Remote Deposit Processing –
Put Your Money to Work Fast – With Reliance Bank’s ScanFast remote deposit system, you can deposit checks directly into your account from your desktop at any time; checks don’t sit around your office, and are credited immediately.
Our Scanner and Your Computer – All You Need – It’s simple, all you need is a Reliance Bank ScanFast scanner, and you’re ready to start depositing directly from your computer. There are two different scanners available, depending upon the number of checks you process. The fastest scanner processes over 90 checks per minute.
You Keep the Checks – You never need to send your checks to the bank. Simply verify your deposits and after 90 days, you can destroy the checks. It’s that easy.
Safe and Secure – ScanFast remote deposit system is endorsed by all U.S. banking authorities, and all transactions are trafficked through the Fiserv Remote Deposit Capture Operating System. With ScanFast, you get:
Lockbox – Lockbox expedites the collection of accounts receivable and reduces your daily workload. Allow the Reliance Bank team to process daily deposits received through an assigned post office box held by the bank. Each banking day, we collect and process all mail from this post office box and make the deposits to your account. You receive a daily electronic summary of each day’s transactions and a customized report containing just the information you need to update your accounts receivables. Our Lockbox system is image-based, allowing you to view all of your deposit items and supporting documents the day of deposit via our website.
Merchant Services – Whether you’re accepting credit cards for the first time or looking to integrate an existing point of sale system, Reliance has several options including credit card processing, gift card programs, and point of sale terminals.
ACH Receivables – Drawing payments from client accounts or concentrating company deposits from other banks can create reconciliation efficiencies and more predictable incoming cash flow.
Wire Transfer – Initiate domestic wire transfers from your business account directly from your computer. Wire transfers initiated online are secure and less expensive than those initiated by other methods of submission.
ACH Payables – Leveraging Automated Clearing House (ACH) services to pay vendors, employees, and taxes can facilitate more predictable cash flow, decrease item processing costs, and reduce fraud by having fewer paper checks issued.
Positive Pay – With this fraud prevention product, the bank compares checks presented for payment to your check issue files to detect serial numbers and dollar amounts that don’t match. In the event a check has been presented for payment but was not issued by the company, you can choose to return the item immediately.
Business Credit Card – Click here
Business Interest Sweep – Daily automated sweep of funds to and from an interest-bearing account to maximize the rate of return on excess balances.
Repurchase Agreements* – A commercial service available to businesses that keep excess balances in their checking account. A target balance is established, which may provide sufficient earnings credit to offset any activity charges. Collected funds in excess of the target balance are invested on an overnight basis in a Repurchase Agreement, earning interest on those invested funds. These investments are not insured deposits, but they are secured by qualified investments owned by the bank.
CDARs – The Certificate of Deposit Account Registry Service (CDARs) is the most convenient way to access FDIC insurance on multi-million dollar CD deposits and to earn CD-level rates, which often compare favorably to treasuries and money market mutual funds.
*Some repurchase services offered by Reliance Bank involve non-deposit investment products. These types of products are NOT deposits or obligations of, insured or guaranteed by Reliance Bank, are NOT insured by the FDIC and involve investment risks, including possible loss of value.
Business loans – Click here
Working Capital Lines of Credit – Click here
Loan Sweep – Set a target balance in the account and pay down or draw from the business line of credit daily and automatically to ensure cash flow needs are met and interest paid is minimized.
Online Banking for Small Business (eCom) – Information reporting solution for single users with unrestricted account access. See real-time balance and transaction information, pay bills, transfer funds between accounts, place stop payments, and export data to your accounting software including Quickbooks.
Commercial Online Banking (eCorp) – Suite of treasury management services includes information reporting, ACH origination, wire transfer origination, and Positive Pay. Accommodates multiple users with varying levels of authority and access.
Zero-Balance Account – A reconciliation tool used to separate specialized transactions into secondary accounts that can be automatically funded to or disbursed from each day when paired with a primary operating account.
eStatements – Bank statements with paid check images are sent to your designated email address immediately after the end of your statement cycle. No more waiting on the mail in order to reconcile deposit accounts!