PREAUTHORIZED ACH DEBITS

Preauthorized Automatic Clearing House (ACH) Debits are custom made for businesses that need to collect payments from customers on a regular basis. Whether you collect utility payments, cable payments, membership dues, insurance payments, or any other type of payment, our Preauthorized ACH debits have benefits for you and your customers. These debits speed up your collection of payments and eliminate costly invoice preparation and mailing.

ELECTRONIC FEDERAL TAX PAYMENT SYSTEM (EFTPS)

Enjoy the convenience of paying your federal taxes online. Schedule your taxes to be paid online and the IRS will automatically deduct them from your checking account. This service is especially useful for businesses that need to pay taxes quarterly.

PAYROLL (DIRECT DEPOSIT)

With Direct Deposit you can deposit your employees pay directly into their checking accounts at their Financial Institution without having to purchase, sign and mail paper checks while limiting the chances of checks getting lost, stolen or counterfeited. You can even offer this service to your employees in conjunction with our Workplace Advantage Checking products that we offer to your employees. Direct Deposit statements show the total amount for the pay period so not only is payroll processing simpler, reconciliation is too.

CASH CONCENTRATION

Transfer funds easily from other banks into your CB&S Bank account for quick access to all your business capital. You can increase the control you have over disbursements, collections, and cash flow. You will also be able to consolidate cash to take advantage of maintaining smaller balances overall, identifying excess cash available for short-term investments, interest earnings, or expense reduction opportunities.

WIRE TRANSFER

When speed is essential, wire transfer facilitates the same-day transfer of funds. Initiateone-time or recurring domestic wire transfers online, over the phone, or at one of our many branches.

Product Features:

• Free-form wire entry
• Repetitive wire templates
• Dollar limits and user entitlements
• Transfers up until 4:00 PM CST

Contact your CB&S Banker or Treasury Management Sales Consultant today for assistance with any of these solutions.