Remote Check Deposit
Presidio Bank is pleased to announce its Remote Check Deposit product, a new solution to help you meet the growing demand for remote deposit solutions.
How does Remote Check Deposit work?
Remote Check Deposit is a solution that is specifically designed to enable your business to make bank deposits directly from your offices. Captured images are uploaded to a server, analyzed for image quality and routed through the bank's clearing house. This product not only saves on transportation costs but also enables you to receive faster credit deposits.
Sweep Product
Presidio Bank's Sweep Accounts optimize your end-of-day balances by automatically moving excess funds to a Money Market account or paying down a loan. These accounts use collected balances to determine your daily distributions, and then "sweep" your funds accordingly. The result is more efficient, less time-consuming cash management.
Zero Balance Accounts
A Zero Balance Account ensures that funds do not sit idle in multiple accounts by moving excess funds into a single account overnight. This account is particularly beneficial if your business has high check volumes or cash/coin servicing needs.
Account Reconcilement
This service saves you time and money by automating many of your reconciliation activities and providing flexible reporting options to best suit your needs. Since our dedicated posting and reconciliation systems perform many of your reconciliation tasks, you save time and labor expense. This also increases cash control by monitoring the activity in all of your Presidio Bank checking accounts and setting up optional reports on a daily, weekly or semi-monthly schedule. Unlike a regular checking account, all stop payment activity on your account is reported on your statement. All check transactions are reported back to you on your statement - whether voided, stopped, or outstanding.
Wire Transfers and Account Transfers
Presidio Bank's Wire and Account transfers are flexible, secure, and backed by extraordinary customer service. Initiate transfers easily through a variety of options, and receive detailed reports on all transfer activity.
Positive Pay
Review checks presented against your accounts prior to disbursing funds. Positive Pay and Reverse Positive Pay work with your reconcilement system to identify potentially fraudulent checks, enabling you to pay or return the item. Add customized features to your plan to increase efficiency and security.
How does Positive Pay work?
You transmit check issuance information to the bank on the day your disbursement checks are printed and released. Presidio Bank will provide electronic notification of daily exceptions to your list. You may pay or return exception items by early afternoon.
Reverse Positive Pay
How does Reverse Positive Pay work?
No need to submit check issuance information to the bank. Instead, each business morning, the bank will provide you with a list of paid checks. You perform your daily reconciliation and have until early afternoon to notify the bank if any checks need to be returned.
ACH Origination
ACH Origination is a flexible electronic service that automates payments and collections so that you can forecast and optimize cash flows and simplify accounting procedures. Whether your customers are businesses or consumers, our services are designed to speed collections and reduce float times, manual data entry errors, and costs. Some uses of ACH Origination are; direct deposit payroll, federal and state tax payments, vendor payments, and collections.
E-Statements with Check Images
Easily monitor, verify and reconcile activity on bank accounts and view your account statements conveniently online with all your check images.
Tax Deposits
Presidio Bank's on-line tax payment service makes it convenient to deposit payroll taxes and keep tax payment records. Depositing payroll taxes on time is critical for avoiding late penalties and keeping reliable records of those payments is vital in the event of an audit inquiry.
