Beyond everyday banking to help your business thrive.

Business Sweeps feature and Treasury Management Services are designed to optimize your cash flow, enhance efficiency, and give you greater control over your finances. Whether you’re looking to maximize returns, automate transfers, or streamline operations, our tailored solutions provide the flexibility and security your business needs. Explore how REV’s additional services can support your success and keep your business moving forward.

Treasury Management Services

ACH
Automated Clearing House

ACH is a network that allows electronic funds transfers (EFTs) between financial institutions, enabling businesses to make and receive payments electronically.

Instead of using checks or wires, businesses can initiate payments or collect funds from customers or vendors by using the ACH network

RDC
Remote Deposit Capture

RDC is a technology that enables businesses to deposit checks by scanning them with a computer and sending the scanned images to their bank for processing.

By utilizing a scanner and an internet-connected computer, businesses can digitally scan checks and securely transmit them to their bank. The bank then processes these checks as if they were physically deposited.

Positive
Pay

A fraud prevention service that helps businesses verify and control check and ACH transactions. It flags any discrepancies between issued details and presented payments for further review or potential rejection.

Businesses provide their financial institution with a list of issued check details (check number, amount, date, payee) and/or ACH transaction details (amount, vendor, etc.). When a check or ACH transaction is presented for payment, details of that transaction will be compared against the provided list. If there’s a mismatch, the payment is flagged for review by the business.

Merchant &
Payroll Services

Merchant and payroll services assist businesses in managing their finances, optimizing payments, and reducing financial risks through various tools and strategies.

Merchant services facilitate the acceptance of payments via credit cards, debit cards, and electronic payment methods. Payroll services handle the processing of employee wages, including tax deductions, benefits, and other withholdings.

Wire
Transfers

Wire transfers are a secure and rapid way for businesses to electronically transfer funds, commonly used for large-dollar or international transactions between different financial institutions.

Businesses initiate a wire transfer through their financial institution, providing the recipient institution’s name, account number, and the amount to be transferred. The transfer instructions and funds are then sent

electronically through a secure network to the receiving institution, and funds available immediately upon transfer.

Sweep Transfers

A powerful tool that optimizes the management of your funds, sweep transfers are especially valuable for businesses with complex cash management needs or those with significant cash flow activity. Operating within the same account, sweep transfers automatically move funds between shares based on predetermined target, maximum, and minimum balance levels, and offer a more advanced solution when standard overdraft protection alone isn’t enough.

For more information on the types of transfers available, product eligibility, and how sweep transfers can boost your profitability, reach out to our Treasury Management team today.

Smooth Cash Flow Management. Sweep transfers will automatically move funds between shares to maximize interest earnings, ensure liquidity, and streamline financial operations.

Time Well Saved. By automating the cash management process, sweep transfers save valuable time previously spent on manual fund transfers or balance tracking.

Cost Reduction. Help reduce fees by maintaining optimal balances, preventing overdrafts, and low-balance charges.

Streamlined Cash Management. Excess funds are automatically moved from designated shares at the end of each business day, optimizing liquidity management without manual intervention.

Maximize Profits. Idle funds are automatically allocated into higher interest-bearing shares, increasing returns over time so your money is continuously working for you.

Frequently Asked Questions

Treasury management services are a structure of business banking products and services that are about optimizing your cash flow.  Beginning with collections to disbursements, reporting and liquidity, a well thought out treasury management program is cost efficient, prevents payment and collection fraud, maximizes investment returns and could reduce fees. With these specialized banking solutions, you get access to a wide array of tools and resources. Think secure electronic payments, clever ways to catch and stop fraud, accurate cash flow predictions, and so much more. It’s all geared towards boosting your financial efficiency and ultimately helping your business become more profitable.

Treasury management services are key when it comes to optimizing cash flow and managing your business’ liquidity. These services are tailored to help you spot any gaps in your cash flow and give you actionable strategies to make it more efficient. They also make it easier to keep tabs on your available cash, making it simple to meet your financial commitments. In addition, an effective treasury management structure will include a balance and transaction reporting system that will interface seamlessly with your internal branded accounting system and enable you to download debits, credits, and business card transactions to avoid the need for manual data entry. You may also be able to upload transactions to your primary financial institution from your internal accounting system for payment fraud prevention services. As an additional benefit, if you maintain relationships with multiple financial institutions, the balance and transaction reporting system may also allow the linking to other external financial institutions for reporting purposes. With these tools at your disposal, you’ll enjoy better overall financial stability and be well-equipped to manage the challenges of cash flow and liquidity.

Treasury management are products and services that were created and implemented specifically for businesses. They’re crafted to simplify business financial tasks and give businesses more control over their money.

As with any financial service, there is always the potential for fraud. But don’t worry!  REV works with you to implement payment and collection fraud prevention services that are both cost and processing efficient to detect possible fraud. We’ve also put in place multi-factor authentication. These measures are designed to minimize the chances of any fraudulent activity happening. Safety first!

How long it takes to set up treasury management services depends on which services you’re interested in. Typically, our team will have a diagnostic discussion with you to figure out exactly what you need, develop an implementation strategy and then lay out a timeline for getting everything up and running to your satisfaction.

Our business solutions are accessible through any device connected to the internet. Our team will go over any requirements that are specific to your needs.

We are ready to help. Reach out to us at 843.832.2695 or send us an email at SAlfano@REVfcu.com to discuss how our solutions can fit the needs of your business.

Ready to get started?