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Peoples State Bank

Maintain Control of Your Business Cash Flow

These cash management tools will help improve your business
  • Business
  • November 29, 2018
  • Gayle Boettcher

Don’t wait until you need a business loan to call your banker. Running a successful business requires the right employees, the right products, and the right bank. Yes, the right bank. Peoples State Bank can help you with cash management tools to solve your immediate business needs, as well as help you grow for your future. 

Whether you are a start-up, or you’ve been in business for decades, cash flow is critical to your success. From payroll distribution to depositing customer checks to processing credit card payments, your bank should be able to help you streamline your tasks, giving you—and your employees—more time to assist your customers.

On-Site and Business Mobile Deposits

How much time do you or your employees spend on taking deposits to your bank? Wouldn’t it make more sense to set up a remote deposit solution? One that allows you or your employees to scan the checks received and transmit the deposit without leaving your business? The benefits of On-Site Deposit include increased safety, less time away from work, and quicker access to your funds. 

Business Mobile Deposits give you the ability—if you meet certain criteria—to deposit a check into your business checking account from anywhere using a smart phone or tablet.

ACH Processing

Automated Clearing House (ACH) processing allows your business to send and receive funds without producing paper checks. Fast and easy, ACH processing helps your business increase efficiency while reducing costs.

Sweeps & Zero Balance Accounts

Putting your hard-earned money to work for you makes a lot of sense. A sweep sets up parameters to move excess money out of operating accounts into interest-bearing savings or money market accounts on a nightly basis. Or you can sweep excess cash from your operating account to pay down a line of credit. A daily line sweep can help to reduce interest expense and can help to pay down your line of credit more quickly. The line will then be available for other business purposes as needed. 

A Zero Balance Account can be set to move funds to and from secondary accounts like payroll or a wire account, providing a protection on your main operating account funds.

Fraud Protection

Fraud can happen to any business at any time. You can help reduce your risk by putting into place ACH Blocks and Filters, Positive Pay, and Online and Mobile alerts. There are a variety of tools that business owners in Wisconsin and beyond can use to protect their funds and bank accounts and receive alerts if fraudulent activity happens.

Business Bank Cards

There are many options for business debit, credit, and travel cards. You can set up 24-hour account access, view credit card balances online, and earn rewards with some cards.

Cash Flow Review

All these choices can be confusing. A good cash management team can sit down with you to go over the options, helping you determine what makes sense to maintain control of your business cash flow and daily cash management. If your business plans include growing, Peoples State Bank can help you achieve those plans.

Gayle Boettcher
  • Vice President Treasury Management

Gayle has more than 30 years of experience in the banking industry.  She is the Vice President of Treasury Management at Peoples State Bank, located at our Stewart Avenue branch.  She is always working towards giving her customers the best experience possible.