Business Deposit Sweep
Corporations, Partnerships and Sole Proprietorships can use excess funds to earn interest on excess balances by investing in Federated Funds.
- Automatically sweeps excess funds daily from your checking account to overnight investments and back when needed.
- Maximizes earnings while eliminating need to daily monitor balances.
- Prevents overdrafts and related charges caused by over-investing.
- Provides safe and secure investment of funds.
The PS Bank Commercial e-Banker provides 24 hour access to your accounts online and gives you the option of additional Commercial Services
EASY TO USE
- Monitor account activity and view check images online
- Export account data to QuickBooks, Quicken, or MicroSoft Money
CASH MANAGEMENT OPTIONS
- ACH Direct Deposit
- ACH Billing Services
- Wire transfers and account transfers
- Make loan payments
- Enter stop payments
- Your access and use of this system is validated and protected using Secure Socket Layer (SSL) and all communication to and from this system is encrypted for your security.
Merchant Card Service
Society is increasingly using plastic to pay for purchases. Along with being convenient for your customer, accepting MasterCard/VISA should curtail the need for you to carry any receivables on your books. Now you can accept credit card payments from your customers easily!
Accepting MasterCard or VISA as a merchant requires some investment, however the cost to you depends on your manner of processing, the average ticket sale, and your sales volume. A discount rate is assessed with a formula using your average ticket sale and sales volume along with the processing fees charged by MasterCard/VISA.
Processing your sales is handled through Electronic Draft Capture which requires an authorization terminal. PS Bank provides the terminal and supplies for your use as long as you process as a PS Bank merchant.
To obtain an application and more detailed information, please contact our Merchant Credit Card Service Department at (570) 746-1011.
Remote Deposit Capture
Bring our business to your business! With PS Bank's Remote Deposit Capture, you can conveniently deposit checks electronically without leaving the office.
SAVES TIME AND MONEY
- Make deposits at your convenience…any time of the day or night
- Improve your business cash flow…your deposits are available as soon as they are verified and posted
- Eliminate the time and travel expense of daily trips to make in-branch deposits.
- Capture money orders, consumer checks, cashier’s checks and commercial checks electronically.
EASY TO USE
- Converts checks into an electronic form which is sent directly to PS Bank.
- Referencing checks is easy because an electronic image is stored on the host site - no more photocopying checks!
- No need to purchase, install or maintain software
- Provides two user security levels to log-in.
- Account data is encrypted for secure transmission.