|
|
Service Group: Collection Services
Types of Collection Services:
- Wholesale Lockbox Services - Increase security by designating payments
to a unique address using the services of a Lockbox. Lockbox services
allow you to take advantage of the earliest possible use of funds.
Imaging technology provides deposit detail, and our daily electronic
reports can eliminate manual accounting to post receivables.
- ACH Collection Services - The automatic scheduling of transfers has
become a preferred mechanism for collecting cash from customers and
other business accounts. ACH collection means your funds are available
faster, with less expense – and makes cash forecasting more precise.
- Merchant Card Services - Ideal for mail order, telephone order, the
Internet, or at the point of sale, credit cards permit efficient,
electronic collection of money from your customers. Let Rose Rock Bank
equip you with the tools collect.
- Electronic Check Collection - The cost and hassle of collecting
returned customer checks can be eliminated with our electronic check
collection service. All fees are paid by the check writer. Collection
rates can be as high as 80%, and your business receives 100% of the
collected check’s face value.
Return
to the Top
|
|
|
Service Group: Cash Disbursement Services
Types of Cash Disbursement Services:
- ACH
Disbursement Services - ACH funds transfer is a low cost means of
assuring your payments move quickly and efficiently, meeting your
payment schedules without trying up funds for the ordinary check
clearing process. You have absolute control over timing disbursements to
match cash availability in your account. ACH transfers can also help
decrease check fraud.
- Card Payment Services - Maintain separate business and personal
expenses with a Visa Business Credit Card. Great for traveling and
off-site employees.
- Fedwire Services – Enjoy the assurance of timely funds transfer with
Rose Rock Bank’s Fedwire services. This service is useful when moving
funds as a payment or collection. You receive immediate access to funds
wired to your account.
- Bill Payment Services - Electronic Bill Payments save you time and
costs compared with traditional check reconciliation. Bill payment
services allow you to schedule and manage payments electronically while
protecting against the unauthorized use of checks.
Return
to the Top
|
|
|
Service Group: Information Management Services
Types of Information Management Services:
- Analyzed Business Checking Accounts - Reconcile banking activity with
your company books more easily with a Rose Rock Bank business account
and receive information to help manage company cash for service
compensation. Your account balances will receive credit at our Earnings
Credit Rate to help offset or eliminate service charges, maintenance and
transaction fees.
- Business Online - View account activity and loan balances Online at
your convenience. Password protected access permits downloading of
information for direct interface with your accounting software. Our
online services also include account transfers, Fedwire transfers and
draw requests, ACH collection and payment transfers, vendor payment
initiation with Electronic Bill Pay, and stop pay orders.
- Check Image
Services – Images of cancelled checks, deposited checks
and deposit slips are available on CD-ROM for convenient access and
storage.
Return to the Top
|
|
|
Service Group: Investment Services
Types of Investment Services:
- Corporate Sweep Services – Let us manage your excess cash daily with
our overnight investment options. Your funds are always available by
accessing your checking account, but you’ll enjoy the benefit of
maximizing the return on your excess cash.
- Zero Balance Accounts – Rose Rock Bank can automatically transfer
funds into your zero balance account to cover payments. Other funds are
invested leaving a zero balance, an efficient audit trail and protection
from overdraft.
Return
to the Top |
|
|
|
