Guide to Treasury Management Services

Maximize your business's cash through our great offerings.

Your time is valuable.

With all the great treasury management services that Security Bank & Trust Co. offers, you can run your business more effectively and efficiently from your computer and your phone. Take a moment to explore our treasury management solutions for your business.

 

  • Transform routine cash management tasks into strategic advantages
  • Simplify your workflows with automatic notifications and transfers
  • Manage user permissions in real time

Strategic Advantages of Good Cash Management

Treasury management is critical to your business's success. It can reduce stress, improve earnings, and automate tasks to free your time for improving sales and managing margins.

A commonly overlooked source of capital for any business is its own balance sheet. Through proper treasury management solutions planning and/or working capital optimization, any business will see more opportunities to achieve cash balance targets, reduce costs, increase shareholder returns and fund growth.

We all know that we want to bring in cash quickly as possible by billing promptly, following up on overdue balances consistently, and requiring upfront deposits when available. It's when we add another level of complexity that additional insights can help your business.

So what are some best practices to improve your business's treasury management?

Using Checking Accounts that match your business's activities

It's a regular occurrence to see new customers come to Security Bank & Trust Co. with account products that don't match the level of activity of their business. This can result in reduced or no interest earnings and/or increased monthly fee costs. Talk with a banker to discuss which account you are in and if there are better accounts for your business. It could save you hundreds or more a year in lost interest and increased fees.

Using ACH Services to collect Receivables and pay Payables

ACH Origination Services are a great way to reduce the cash conversion cycle and improve your balances. Each day businesses are becoming more comfortable with and accustomed to electronic debits and credits. Talking with your recurring customers and vendors to set up these services can be a great way to reduce the manual processing times.

Using Zero Balance Accounts and Cash Sweeps

If your business is sitting on cash and is also borrowing from a line of credit, it would make sense to work with your banker on a sweep between your line of credit and your business checking account. You'll reduce the interest you pay and over a year, this could mean hundreds or thousands to your bottom line. Likewise, tying a savings account and checking account can also be way to maximize interest earnings by concentrating balances in a savings account earning interest.

Using Merchant Services and Business Credit Cards

Accepting credit cards at your business is another way to speed up funds availability and fund the growth of your business. Our Merchant Services partnership allows eligible customers with a Security business checking account to get next day availability on the credit cards they process for payment. Furthermore, working with cash back rewards credit cards are a great way to delay cash payment and earn rewards for your business. 

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Streamline Account Activities

Simplify your workflows with automatic notifications and transfers

A common practice to streamline regular and frequent activities is to set them up automatically. Using automatic notifications will reduce manual monitoring and free up time for higher value activities. We're always on the lookout for new tools and tips, so please feel free to contact our cash management solutions department today to learn how we can save you some time.

Examples include recurring ACH services, automatic loan payments, bill payment, ZBA/sweeps and text or email alerts on your accounts.

Manage user permissions in real time

If you're a small business owner or growing tech entrepreneur, you may have an accountant, controller or other finance manager that doesn't need the full access to your account. They may even only need view only access to your business account. At Security Bank & Trust Co., we've got you covered with cash management solution services that allow you to choose who gets access and to what. Fully customer managed, you choose and manage the access to your accounts.

Products & Services

Boost productivity with treasury management services.

ACH Origination Services

ACH Origination is an online tool that lets you take greater control over your payables and receivables. You save money by eliminating much of the manual work associated with your payment and collection processes.

  • Same day ACH processing of credits and debits.
  • Make payments or collect payments.
  • Pay your employees (direct deposit).
  • Schedule recurring ACH transactions.
  • Reduce fraud exposure by reducing check activity.
  • Streamline cash flow.

Online Banking Services

Great tools available at your fingertips and unified customer experience across multiple digital platforms (desktop, mobile and tablet).

  • Online wire transfer initiation.
  • Monitor your account 24 hours a day, 7 days a week.
  • View check images.
  • Download statement/transaction history into an Excel Spreadsheet, Microsoft OFX, Quicken or QuickBooks.
  • Transfer funds from one Security account to another.
  • User management tool, give users the permissions that they need to perform their jobs.
  • Take advantage of strong encryption and authentication.

Drawdown / Reverse Wire Transfer

Reverse wires, also known as wire drawdown or draw-down requests, allow you to authorize another party to withdraw funds directly from your bank account. This other party is often your payroll provider, who needs reverse wire capabilities for accurate payroll processing.

Merchant Payment Processing

Whether you're just starting out or are already running an established business, we can help you find customized and precise industry specific payment solutions. Enjoy fast and easy electronic payments from one of the top merchant services processors.

  • Easy to use reporting tools.
  • Boost sales and decrease wait time.
  • Level the playing field with your competition.
  • Improve your cash flow.

Business Debit Card

A Mastercard® Debit Card will give you access to the money in your checking account without a paper check. You can use the debit card to make purchases anywhere Mastercard® is accepted and your checking account will be electronically debited for the transaction. The CardValet App also provides card alerts & the ability to turn debit cards on or off.

Positive Pay

Positive Pay is a fraud detection tool that can help protect your company against unauthorized ACH activity, altered checks and counterfeit fraud.

  • Take control of your business’s payment processing.
  • Secure your assets.
  • Streamline business operations.
  • Simplified reconciliation.

Business Credit Cards

A business credit card can help you manage your money, protect your personal assets from risk and gain efficiency. You can maximize your rewards by selecting a card that is tailored to your spending habits.

  • EMV smart chip technology for added security
  • Zero liability fraud protection
  • Mobile purchasing capability for added convenience
  • Fast and convenient way to make purchases and track expenses especially when traveling

ZBA and Sweeps

A sweep account automates the movement of excess funds to your advantage by consolidating into a master account or adding to investment vehicles.

  • Helps you maximize returns
  • Added control over your cash resources
  • Reduces idle balances
  • Inadvertent overdrafts can be reduced

Online Wire Origination

Save time and money using our online wire origination services for all your wire request needs. With just a few clicks, you can create and approve wire requests from anywhere.

EDI- Electronic Data Interchange

EDI can speed up your business cycles. Exchange transactions in minutes instead of the days or weeks of wait time from the postal service.

  • Receive a daily report that translates your multiple electronic purchase order and invoice payments
  • Improve data quality, eliminate errors from illegible handwriting, lost faxes/mail and keying and re-keying errors

Remote Deposit Services

Remote Deposit Capture allows you to submit check deposits right from your office PC saving driving time and eliminating potential risk & liability issues.

  • Accelerate receivables by collecting funds sooner
  • User friendly process, all you need to get started is an existing PC with internet access and a check scanner
  • Deposit history, our remote deposit software allows you and authorized co-workers to view previously scanned deposits for check research and deposit reporting purposes.
  • Comprehensive web based training and customer support

 

Additional FDIC Insurance

Protection of Every Dollar with ICS Cash Sweeps

You can access multi-million dollar FDIC protection by working directly with just our bank.

Peace of mind. Know that deposits well into the millions are eligible for FDIC insurance protection - all through a single bank you know and trust.

Protection against market loss and money market mutual fund restrictions. Funds placed1 using ICS are not subject to floating net asset values, liquidity fees, or money market mutual fund liquidity gates, so you can rest assured knowing that market volatility will not negatively affect account value. No one has ever lost a penny of an FDIC-insured deposit.

Earn interest at a rate set by us. Put cash balances to work in demand deposit accounts and money market deposit accounts.

Time savings and ease. Work directly with us and say goodbye to managing multiple bank relationships, tracking collateral, or having uninsured deposits to footnote in financial statements.

Keep it simple. Stay confidently in control with statements that show balances, transactions, interest, and other important details associated with your deposit accounts. Enjoy 24/7 online access to account information.

Liquidity. Enjoy access to funds.

Support your local economy. Feel good knowing that the full amount of funds placed through our extended insurance network can stay local to support lending opportunities that build a stronger community.2

Keep it simple. ICS is the nation's most widely used FDIC-insured deposit product, combine the institutional strength of Wall Street with the community presence of Main Street. With ICS, you can enjoy the largest pre-depositor FDIC eligibility available through a single financial relationship.

Contact us to learn more.

David Brockpahler, DayCo Concrete Company, Inc.

When we first moved to Waconia over 30 years ago, local community members recommended Security Bank as a capable, friendly bank with good people from top to bottom. We couldn’t agree more, this relationship has made managing our finances much easier!

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ADDITIONAL FDIC INSURANCE DISCLOSURE:

1 If a depositor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the depositor to determine whether the placement of the depositor’s funds through ICS, or a particular ICS transaction, satisfies those restrictions.

2 When deposited funds are exchanged on a dollar-for-dollar basis with other institutions that use ICS, our bank can use the full amount of a deposit placed through ICS for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor's consent, our bank may choose to receive fee income instead of deposits from other participating institutions. Under these circumstances, deposited funds would not be available for local lending.