Treasury Services

Mainstreet Community Bank offers comprehensive Treasury Management services to help you streamline your financial operations leaving you more time to focus on your business. Easily track checks, optimize cash flow, maintain liquidity, monitor and report on activity, and move money when and where you need it. Our Treasury Management services provide a full suite of customizable solutions designed to meet your business needs, giving you the ability to access banking information, perform critical daily functions, and utilize essential tools that help reduce fraud.

Payments

Move money electronically, take advantage of your vendor discounts, post payments accurately, and improve cash flow with tools such as:

• ACH Origination - A convenient low-cost electronic payment system using the ACH (Automated Clearing House) network. Establish ACH payments for payroll, vendor payments, and taxes. Businesses can send ACH payments entered manually or create pre-defined templates to automate the process; useful for recurring ACH payments.

• Wire Transfers - A secure alternative to checks. Send US currency through domestic online wire transfers through your Treasury Management login. Set alerts for incoming and outgoing wires. Create easy templates for outgoing wires and repetitive payments.

• Bill Pay - Reduce payment delivery time and decrease the cost of sending checks through the mail.

• Corporate/Purchasing Card - Improve and control cash flow by making one payment per month rather than sending several checks to vendors throughout the month.

Receivables

Speed up collection times and improve cash flow through a variety of services.

• Remote Deposit Capture - Remote deposit helps customers to access funds faster, save time, improve cash flow, and reduce risk of check fraud by depositing checks with a scanner at your location. Make multiple deposits into one or multiple accounts without leaving the office, with same day posting.
• Mobile Remote Deposit Capture - Make check deposits anywhere, 24/7. Mobile Remote Deposit checks are captured through the mobile MCB mRDC app. Log in for reporting tools which can be accessed directly within the cash management login or through a secure website portal.
• ACH - Receivables - Accelerate recurring receivables from businesses or consumers via preauthorized auto debits from their accounts.
• Merchant Services - Our partnership with RetrievR allows you to collect credit card payments your way, with next day funds availability!
• Lockbox - For businesses processing high volumes of check payments, Lockbox services can help increase accuracy, as well as improve the company cashflow. Reduce mail processing and collection times for your accounts receivable. By directing remittances to a unique post office box, companies can eliminate internal processing of incoming checks and maintain a complete audit trail.

Fraud Controls

Gain an extra layer of protection and reduce losses incurred due to fraud through Treasury services, multi-factor authentication practices, and dual control.

• Check Positive Pay - Check Positive Pay can help prevent unknown check transactions from clearing by allowing designated users to upload a list of issued checks that the Bank uses to automatically verify checks as they post. Check transactions that are not on the issued checks list will be available the next morning via an exception notification with images to pay or return. With Positive Pay, submit check issue files, receive alerts via text or email, view exceptions, and make decisions by 3:00pm to pay or return.

• ACH Positive Pay/ACH Filters - ACH Positive Pay offers additional protection from unauthorized ACH transactions. This online tool provides the ability to monitor and control which ACH transactions post to your account(s). ACH transactions sent from authorized ACH companies will post without the need for review. Any companies that are not on the approved ACH whitelist will be presented as an exception, must be reviewed and will be available online to pay or return. 

• Account Reconcilement Services - Our Account Reconcilement services provide check image archives, statements, and a variety of downloadable reports, giving you access to your information each day.

Liquidity

Ensure the ability to meet current and future financial obligations in a timely and cost-effective manner. Manage operational cash balances and optimize cash resources by investing excess balances, protecting principal, and/or paying down debt obligations to reduce interest expense.

• Zero Balance Accounts - Automatically sweep funds between a master account and a sub account which settles at $0 collected daily.

• Sweep to Line - Conveniently sweep money from one main account to others based on the target balances you select.

• Sweep to Investment/Money Market - Automatically sweep funds over a targeted balance, to earn interest on otherwise idle funds.

 

Downtown Premier Checking

Our Downtown Premier Checking offers account analysis designed for businesses with higher checking balances, higher transaction volumes, or more complex treasury management needs. This account provides detailed account analysis reporting along with an earnings credit rate (ECR) on qualifying balances. The ECR can be used to offset, reduce, or even eliminate treasury management and transaction service fees—helping you manage costs more efficiently.

Minimum Opening Deposit: $100.00

Ideal for businesses that:

• Utilize treasury management services such as ACH, Positive Pay, Wires, and Remote Deposit Capture
• Seek to optimize excess cash through automated sweep solutions