Cash Management
Community Bank officers can assist you in selecting the right cash management system for your business.
- Direct Deposit
- View check images on line
- Merchant BankCard Services
- Telebanking
- Corporate Credit Cards
- Sweep Accounts
- Zero Balance Accounts
- Account Analysis
- Courier Service
- Lock Box Service
- Cash Sweep Account
Cash Sweep Account
Community Bank offers a powerful cash management tool - a checking account that performs like an investment account. This program provides access to conservative money market investments seeking high current income. Your excess checking balances are automatically invested in an institutional money market fund distributed by Goldman, Sachs & Co. through its Goldman Sachs Money Market Funds.*
- Convenience - Save time through the automatic daily sweep of cash balances - without the paperwork.
- Earning Potential - Automatically earn money market rates on excess cash. Dividend income is declared daily and paid monthly.
- Liquidity - Earn income without committing your operating cash to term investments.
- Quality - Excess operating cash balances are conservatively invested - and always earning interest.
- Choice - Select taxable, tax-advantaged, or tax-exempt money market funds tailored to specific investment objectives and tax requirements.
- Information Access - Easy-to-read monthly statements.
*Not FDIC Insured. No Bank Guarantee. May Go Down in Value. Not a Deposit. Not Insured by Any Federal Government Agency.
Loan Sweep Account
We also offer a cash management tool designed for select business needs - a checking account linked to your Line of Credit. This program provides an automatic advance from your Line of Credit when your checking account needs additional funds.* Principal payments on your Line of Credit are also automatically made when your checking account has excess balances.
*No advance will be made when the Line is fully drawn or matured.
Zero Balance Account
Community Bank's Zero Balance Account allows your company to consolidate balances from separate checking accounts. It provides an easy, fully automated way to separate specialized disbursement or depository activity into distinct accounts while retaining cash in a single "master" checking account.
The service automatically transfers funds to or from the "master" account at the end of each business day to offset the net activity in each zero balance account.
- Funds Consolidation is Made Easier
- Automated Transfers Save You Time and Money
