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Cash Management

Citizens State Bank provides our business customers with a full range of products and services that will give you more control over your collections and disbursements and will maximize the overall effectiveness of your financial needs.

With the basic online Cash Management program from Citizens State Bank, you can manage your money online. You will have access to track account balance information, view and download transaction information, and transfer funds between accounts. You will also have the ability to make stop payments on checks.

Disbursement Services

An important part of Cash Management is the ability to handle payables and to deliver them to vendors and employees. CSB has the following services available to help you control and simplify the payment processes.

Online Bill Payment
Save time and money when you pay your bills online. Through our easy-to-use NetTeller online banking system, you can schedule a payment to anyone. You can always be assured that payments will be made in a timely and accurate manner.

Internal Transfers Between Accounts
You can easily move your money between CSB accounts with this feature. CSB's online banking services offers you speed, convenience, and security when you transfer money.

Direct Deposit Payroll
Find it even easier to pay your employees with CSB's Direct Deposit Payroll service. By creating your own payroll file, your business will only have one transaction to reconcile!

Domestic Wires
In addition to speed and convenience, having the ability to make outgoing wire transfers from your internet banking account offers better security and accuracy.

Collection Services

It is vital to collect payments in a timely and efficient manner in order for funds to work for you. CSB has various options that will give you the ability to collect funds in a way that best suits your needs.

Recurring Payments
You can collect payments electronically on an ongoing basis. This allows you to create a consistent revenue stream and it ensures on-time receipt of payments. It will also speed up your funds availability. Not only will it save your business money by using less paper and postage, but it will also require fewer employee resources.

Cash Concentration
There are instances where it may be necessary to have accounts at different financial institutions. Cash Concentration gives your business the ability to move money from your own accounts at other banks to your account at Citizens State Bank.

Remote Deposit
Deposit checks into your account without leaving your office. This service offers many benefits including improved funds availability, increased efficiency with onsite processing, and increased speed, convenience and security to deposits. There is also the added flexibility with same day processing until 7:00 p.m. For more information, click here.

Reconciliation

Online Stop Payments
There is no need to call or stop by the bank when you want to stop a payment. Through the online system, you have the capability to make stop payments on checks.

Positive Pay
Through this web-based check verification service, your business has the ability to verify the validity of all checks presented for payment before funds are released. The system verifies that the serial number and dollar amount of each of the checks matches the information that was input. This creates improved control and security and decreases the chances of fraud.

Transaction Downloads
With this feature, you can view and download all of your transactions from the previous business day. You have many different download formats to choose from including Quicken and QuickBooks.

CD ROM
Keep all of your check images and statements on a CD ROM for easy access to your financial information. The software to run the program is included, and you will be mailed a CD at your request. There are many search fields and indexes that allow you to easily retrieve the information for which you're looking.

Cash Management Brochure

 

 

 

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