Security State Bank

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Balance Information Reporting

Through your own computer, you can access your accounts at any time to check balances, verify transactions or do reconcilements. This easy access provides you with timely accuracy for forecasting and decision-making.

Wire Transfers

This service is the fastest, most efficient method for transferring money from one bank to another. Transfers improve your security and allow for immediate use of collected funds at another institution.

ACH Origination

Companies can pay electronically through the Internet using the Automated Clearing House.

Check Imaging

A statement is delivered to you with images of all your canceled checks.

Funds Transfer

Funds may be transferred between any of your Security State Bank accounts.

Cash Concentration

Through the Automated Clearing House (ACH), Security State Bank offers this service to give companies with multiple outlets the ability to accumulate funds rapidly. Each outlet is able to make deposits in a local bank, and with the use of the ACH network it will credit your concentration account. Cash Concentration Service reduces the clerical functions and costs associated with funds gathering, and accelerates the collectability and availability of your money.

Stop Payment

A stop payment order may be originated from your office.

Tax Payments

Using the Electronic Federal Tax Payment System (EFTPS), companies can make payroll and estimated income tax deposits quickly and efficiently.

Zero Balance Accounts

These commercial checking accounts contain no cash balances. At the close of each business day, funds from your master account are transferred to the Zero Balance Accounts to cover payments, or excess funds in the Zero Balance Accounts are transferred to the master account.

Lock Box

With this service, your receipts are sent to the main local post office from locations across the city, region, or country. We pick up the receipts and process them, deposit the checks in your account, and forward the remittance information.

A lock box speeds up delivery, reduces the float period and accelerates the conversion of your receivables into cash. It saves time for your employees by eliminating the need to open the mail, prepare the deposits and deliver them to the bank. The added security of knowing your money is going directly to your account, along with improved control and funds availability, makes this program an excellent benefit for business owners.

Direct Deposit of Payroll

This service allows your company to quickly and efficiently transfer funds into an employee’s checking account, no matter where they bank. This provides significant time and cost savings and eliminates the preparation and processing of checks. Direct deposit also strengthens your company’s cash forecasting ability by minimizing the risk of lost, stolen or forged checks.

Account Analysis

Security State Bank attempts to structure your services to maximize the profitability of your banking relationship. Through analysis, your accounts will be grouped together to get the credit you deserve for all collected balances in all your accounts. This reduces the expense for those companies required to keep multiple accounts.

* A Security State Bank Representative will be happy to assist you with the details regarding the above features.

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