Concentration of Funds
NetConnect Concentration of Funds service provides several effective and inexpensive plans for collecting funds from your company's remote bank accounts for deposit to your company's concentration account at Colorado State Bank and Trust. The service employs the Automated Clearing House (ACH) to accumulate deposits made to remote financial institutions. The ACH guarantees one day availability of funds as items are processed electronically. This service allows your cash manager maximum use of funds in remote locations at the earliest opportunity.
Benefits
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High level of security
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Weekend and Holiday processing for Monday funds availability.
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Reports for improved audit control.
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Time and personnel currently occupied with concentrating cash may be reallocated to more productive activities.
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Less expensive than a wire.
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Plan for the Future. |
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>> Keep the privately-owned business growing. to see how we can help.
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