In addition to our Business Online Services, we offer a line of Treasury Services designed to help speed collections, control payments and manage your time and company's funds more efficiently.

Disbursement Services

• Direct Deposit - Save time and money while providing a valuable, low-cost benefit to your employees.
• Preauthorized Credit - Improve your cash flow and automate the disbursement process by making regular payments directly to your vendors' or customers' bank accounts.
• Tax Payments - Automate paying your company's state and federal payroll taxes online via Automated Clearing House (ACH).
• Zero Balance Account - Enjoy business checking without unproductive excess cash balances. Your Zero Balance Account will automatically fund to cover incoming debit transactions, and then reconcile to a zero balance once the transactions have posted.  Eliminate manual transfers, tracking of funding requirements and greatly reduce the risk of overdrafts.
• Online Wire Transfer - Move money quickly, safely and conveniently to any financial institution by initiating wire transfers at TowneBank Online.

Collection Services

• Remote Check Deposits - If you're looking for a time saving way to make your daily check deposits, you'll love TowneBank's new Deposit Wizard. You can scan checks right from your office and take advantage of extended hours for same business-day deposits. Learn more by viewing our online demo.
• Preauthorized Direct Debit - Automate the collection process by direct debiting your customers' bank accounts for recurring charges.
• Cash Concentration - Transfer funds from any of your other bank accounts directly into your TowneBank account(s) via the Automated Clearing House (ACH).
• Retail Lockbox - Designed to accelerate your company's remittance procedures and accounts receivable processing, while giving you access to funds sooner.  A variety of reporting options are available.

Credit Services

• Line of Credit Sweep Accounts - Sweep daily funds that exceed your predetermined target balance to pay down your line of credit.  Funds can also be debited from the line of credit to cover any funding shortfalls in the Master Account.

For more information on how you can take advantage of TowneBank's Treasury Services, please contact your Hometown Banker.