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Cash Management Services
| Information Services
| Collection Services
Disbursement Services
| Investment Services
| Fraud Management
Collection Services
ACH ORIGINATION - DIRECT COLLECTIONS
ACH Origination is an effective method of creating debit transactions assisting in the collection process of payments due to your company. United Bank offers two selections for ACH origination:
- ACH Direct will process an ACH file that is created by your company and transmitted to United.
- United Bank's Business Online Banking service will facilitate the ACH file creation process and offers enhanced reporting capabilities.
CASH CONCENTRATION
Cash Concentration utilizes United Bank's ACH origination service to consolidate funds from your other bank accounts into your United account. Our automated solution provides ease and promptness in collections of funds from your remote locations and facilitates your command of your daily cash position. Additionally, Cash Concentration can be facilitated by United Bank's Business Online Banking service.
LOCKBOX SERVICES
Lockbox is an invaluable collection service for your company's accounts receivables. Receivables are mailed directly to United Bank for processing and are deposited into your account. Our service is customizable based on the needs and requirements of your company. United Bank's lockbox service guarantees the fastest collection and availability of your funds, while reducing your clerical and administrative responsibilities.
REMOTE DEPOSIT
Remote deposit provides a comprehensive solution designed to enable your business to make deposits directly from your office or location. Remote deposit saves your business valuable time, eliminates deposit-balancing errors, and greatly improves your cash flow. A merchant capture device that connects directly to your office PC through browser-based software is all that is required to implement remote deposit processing.
WIRE TRANSFER
United Bank provides a comprehensive wire transfer solution. United offers convenience and same day credit processing to your account. We utilize added security measures for your account protection and can provide additional notifications via letter, fax and e-mail.
ZERO BALANCE ACCOUNT PROCESSING
United's zero balance account processing offers automated transfers between zero balance and master accounts providing consolidation and collection of funds. This automated process eliminates the need for manual transfers of funds between accounts. A master account aids in reconcilement and audit requirements, improving your company's cash concentration for daily reporting and investment opportunities.
