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Cash Management

Fidelity Bank’s Cash Management professionals can help you manage your business’ cash flow, reduce costs, and increase control. We offer state-of-the-art cash management tools and will work with you to develop a solution that fits the unique needs of your business.

Fidelity Bank offers competitive prices for your Business Checking
Account(s) and provides you with customized cash management services, including: Wire Transfers, Automated Clearing House (ACH), Zero Balance, Controlled Disbursement, Sweep Accounts, Account Reconciliation, Stop Payment, and Lockbox. Through innovative design and integrated software, you can monitor your previous day's cash management activity and initiate transactions through your own PC.

Want even more convenience and flexibility? Consider Online Cash Management from Fidelity Bank. The powerful features of Online Cash Management allow commercial customers to do their banking from the comfort of their office or their home. With Online Cash Management, you can:

• Access transaction history
• Transfer funds and establish recurring funds
• Place stop payments
• Make loan payments
• Send domestic and international wires
• Send ACH files and import ACH files for processing
• Send Federal tax payments
• Access credit lines
• Reconcile accounts
• View an online account activity summary
• Review a list of in-clearing items
• Import data from other financial management applications
• Export data files
• View the front and back of recently cancelled checks

Cash Management Terms:

Wire Transfers

Action that allows a business to send and receive funds to/from another financial institution for same day payment.

Automated Clearing House (ACH)

Sending and Receiving funds electronically to/from another financial institution.  Payment based on effective/settlement date.

Zero Balance

Funds are transferred to an Interest Bearing account or Loan account at the end of day to maintain a zero balance and allow you to make the most of your hard earned money.

Sweep Accounts

Excess funds are systematically swept to an Interest Bearing Account or Loan; and funds are swept to fund a Zero Balance Account.

Controlled Disbursement

Controlled disbursement is designed to control the flow of checks through the bank to meet corporate investment and funds management requirements. Excess funds can be invested in the money market.

Account Reconciliation

Customer has the ability to export account history online to their check-writing program for reconciling purposes.

Stop Payment

Stop payments occur when an account holder instructs his or her financial institution not to honor a payment. Stop payments are only issued after a check has been delivered, but before the receiving party has cashed the check.

Lockbox

Lockbox banking is a cash flow improvement technique in which you have your customers' payments delivered to a special post office box instead of your business address. The difference between this special post office box and a regular post office box is that only your customers' payments are delivered to the box. Instead of you picking up the payments, your bank's couriers have a key to the post office box, and they remove its contents and deliver your customers' payments to your bank. Your bank opens the payments and then processes the payments for deposit directly into your bank account. Depending on the nature of your business, the contents of your lockbox can be removed and processed once a day, or more often if required.