DISBURSEMENT SOLUTIONS

You need a system that will allow you to satisfy payments when they are due, while eliminating the accumulation of idle cash. From our full suite of electronic- and paper-based solutions Presidio Bank's Cash Management specialists will work with you to develop a system of efficient and cost effective disbursements. Additionally, by pairing our payables products with our information products, you can increase your interest earned or reduce borrowing costs.
 
Bill Pay

Designed especially for businesses, our Bill Pay service offers all the capabilities and comfort of traditional bill payment, but with online speed and convenience.

It's the fast, easy way to pay vendors, creditors, or any other person or company in the U.S., without writing a check, buying a stamp, or addressing an envelope.

Benefits

  • Review payment history and view, modify, or cancel pending payments
  • Schedule single or recurring payments
  • Receive e-bills
  • Pay multiple invoices or bills from a single vendor with one payment
  • Include invoice and credit memo details with payments to ensure proper crediting of accounts
  • Maintain internal control over creation, approval, and viewing of payments
  • Pay bills from multiple checking accounts
Credit Cards
Choose Visa® rewards or no rewards. Presidio Bank offers a variety of solutions to meet the needs specific to your business.
Debit Cards
  • No need to write checks
  • 24 hour access, 7 days a week
  • Point of sale for purchases
  • Make purchases on the Internet or over the phone
  • Protection if card is lost or stolen
  • World wide acceptance — can be used wherever Visa is accepted
Electronic ACH Payments

Presidio Bank can meet the needs of companies that originate electronic funds transfers through the Automated Clearing House (ACH) and Wire Transfer networks.

What is ACH?
ACH stands for Automated Clearing House, a nationwide network through the Federal Reserve System that allows individuals to move payments electronically between financial institutions.

Features

ACH Payments
ACH Payments allow you to transfer funds to an account at another financial institution. Because we use the ACH payment network for this service, you reap the control benefits of sending money via ACH, such as specifying when the recipient actually receives the funds.

Payroll
Payroll is the ability to credit multiple recipient accounts, regardless of where those accounts are held. This feature is most commonly used to allow you to pay employees over the Internet (aka Direct Deposit). One of the efficient features of this service is that you can split a payroll amount between two different accounts at two different banks, giving you better control of your resources.

Collections
Collections is a useful tool to collect recurring dues or fees from members or customers. While ACH Receipts debit one account at a time, Collections allows you to debit multiple accounts outside the bank at the same time and credits your account inside the bank for the sum total of those debits. Examples include:

  • Membership fees
  • Dues
  • Assessments
  • Tuition
  • Recurring service payments
Electronic Tax Payments

Electronic tax payment service facilitates payments of your federal and state tax requirements. Utilizing Presidio Bank's Business eBanking Service, you will have complete control in the timing and disbursement of these funds. Presidio's online service also provides reporting capabilities for your tax payment records.

Positive Pay
Presidio Bank’s Positive Pay service is an effective tool to prevent check fraud. Checks presented to your account are reconciled to your previously submitted check issue data, and any checks missing or not matching the file are intercepted at the teller line or in our operations center and referred to you for payment instructions. Yesterday’s exception items and their images are presented to you daily via eBanking online access for pay or return decisions. Our alerts function can email you a notification any day there are exception items requiring your review.
Wire Transfer

With Presidio Bank’s electronic funds transfer service you can transact internal book transfers, initiate domestic and international wires easily and securely.  Send international wires in U.S. dollar or in foreign currency.  Transfers can be initiated through a variety of options and receive instant real time confirmation of transfers.

Benefits:

  • Option to initiate through ebanking, via facsimile or in person at one of our local banking offices
  • Real time confirmation of transfer via ebanking or facsimile
  • Multiple levels of security. Limit user access by transaction amount and payment type with a separate user for approvals.
  • The ability to create templates with pre-determined instructions or use a freeform template.
  • Competitive wire pricing
Zero Balance Accounts
ZBAs are designed to maximize cash flow for investing or operating needs. A ZBA is created to serve as a disbursement and depository account. You specify an operating account as the central clearing point for all transactions. At the close of each day, for example, the checks and debits presented to a disbursement ZBA are automatically covered by a transfer of funds from the operating account, bringing the ZBA to a daily collected balance of $0. Multiple ZBAs can be created and linked, allowing you to make the most of your discretionary funds.

For further information regarding Cash Management Services, please call or visit your local Presidio Bank office.