Treasury Management

ACH, or Automated Clearing House Network, electronically issues payments to or from an external account. This secure process takes away the guesswork of when a transaction will post to another account. Streamline your cash flow and say goodbye to manually issuing checks. Rest easy knowing you have dual-control processing to help safeguard against fraud risk.

Accounts payable

ACH automates your payables, helping you manage payment timing while also reducing costs. You can pay your employees, pay vendors or manage bank to-bank transfers safely and securely. 

Accounts receivable

ACH helps you expedite your collection process, schedule recurring payments for a more accurate forecast of your cash flow, and consolidate deposits from multiple locations. It’s an efficient solution for recurring payments, such as rent collection, pledge payments for nonprofits, membership dues and more.

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Keep Your ACH Transactions Compliant with NACHA Requirements

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Harness the power of remote deposit for businesses. When you have multiple checks to deposit, Remote Deposit Capture lets you scan them using a machine connected to your computer. Save the hassle of needing to go to the branch and take advantage of your 24-hour deposit window.

Plus, Remote Deposit Capture logs check images and creates virtual deposits that make it easier for you to go back and pull deposit logs and reports.

Managing Cash Flow

Effective Receivables Collection

Projecting Your Cash Flow Calculator

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Are you looking for a way to transfer funds between your First Federal Lakewood account and another bank, whether domestic or international? It has to be safe, secure and easy. With Online Wire Transfer, it is.  

Dual controls help keep your accounts safe while transfer confirmations and alerts help you keep track of every transaction.

5 Ways to Protect Against Fraud

Accepting Payment

Positive Pay helps prevent fraud before it happens. Based on the information you’ve provided, the system compares which companies, vendors, and individuals are authorized to receive payments from your account and alerts you and your banker if the information provided does not match an attempted transaction.

Available with your Business Online Banking account, Positive Pay is a second set of eyes watching over your account.

When you’re writing checks, Positive Pay detects fraudulent checks right when they’re presented, so they can be stopped before they’re paid. It matches checks clearing your account to a “checks issued” file you present to the bank. When you initiate electronic ACH transactions, you’ll designate specific transactions that are allowed into the recipient’s account. Payments that don’t match your criteria are put on an exception list for you to approve or deny. 

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Positive Pay: A Powerful Tool to Protect Your Company Against Check Fraud

5 Ways to Protect Against Fraud

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Rather than move funds between accounts manually, let Sweeps do it automatically.

Sweeps are a great way to handle daily reconciliation flows between lines of credit, checking accounts and savings accounts. They allow you to put a threshold in your account and then sweep the money into other accounts to stay at that same threshold.

Zero Balance Accounts

Easily track your business finances with a Zero Balance Account. A Zero Balance Account maintains a zero balance at the end of each day. It automatically transfers funds from your primary account to cover your daily payments.

When your business uses multiple accounts for operating transactions, payroll and other miscellaneous payables, a Zero Balance Account can give you better account insight and management.

Investment/Savings Sweep

Maximize your investments by automatically transferring balances above a determined amount into higher-yielding accounts, helping your business generate valuable, short-term investment income.

Line of Credit Sweep

Protect yourself against overdraft with a line of credit sweep. Your predetermined line of credit will automatically cover withdrawals that go over your account balance.

Discover how Treasury Management services can help your business thrive.

When you bank with us, you gain access to automation and fraud prevention tools all in one place. Learn more by watching our video series and downloading our free guide.

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