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| Cash Management |
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MetroBank understands that time is vital to the successful operation of any business.
We respond by offering an array of cash management services that:
- Help you keep track of your daily transactions
- Provide optimal availability of funds
- Make cash forecasting easier for you
- Help reduce your processing costs while improving your cash flow
- Charge low service fees
MetroBank's Corporate Cash Management Services include:
MetroBank Online Banking
MetroBank Online Banking features user-friendly software that puts all your banking needs at your fingertips 24 hours a day, 7 days a week. Using the Online Banking service, you can review your account activity, transfer funds between accounts, download account information to Quicken™, make loan payments, and conduct two-way e-mail communications.
Electronic Transfer (ACH)
ACH service saves you time, is efficient and secure. It allows you to deposit payroll directly to your employees' checking accounts, and initiate debits for recurring payments such as dues, rent, or installment payments. In addition, ACH can gather deposits electronically for businesses with multiple banking relationships.
With ACH service you can rest assured that all your payments and dues are received in a timely manner.
Lockbox Service
MetroBank's Lockbox service is designed to help you reduce processing costs and increase the availability of funds. MetroBank will collect and deposit your accounts receivable remittances daily. A detailed notification of deposits and image copies of checks will be sent to you daily.
Depository Transfer Checks (DTC)
Depository Transfer Checks (DTCs) offer your company a quick and inexpensive alternative to moving funds from outlying banks to a central or cash concentration account. DTCs are non-negotiable; they are pre-printed with an outlying bank's routing numbers, and they are only payable to the designated company account. No signature is required; however, only the account holder can authorize the issuing of DTCs via telephone or PC Banking.
Combined Account Analysis
If your company has multiple commercial checking accounts, MetroBank can consolidate all your account activity charges and earnings credits to one master account. Combined Account Analysis enables you to use excess earnings credits from one account to offset part or all of the charges on another account. Just one statement from your master account will give you a detailed report on all your charges and earnings credits.
With Combined Account Analysis service, you eliminate the hassle of multiple statements and charges. It is simple and easy to understand.
Sweep Account Services
MetroBank offers Sweep Account service to help you maximize your cash flow management. MetroBank will set up the Sweep Account parameters, according to your specific requirements, to initiate repetitive automatic transfers, cash flow control, as well as funds disbursement. You can set up zero balance accounts to credit your daily deposits into different accounts, and then sweep the total amount into one master account for better cash flow control. In addition, Sweep Account service can control the disbursement of funds, such as payroll accounts, on a daily basis from a master operating account. By pre-setting your specific date, amount, and other requirements for automatic transfer, cash management is at your fingertips with the multi-functional Sweep Account service.
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