Business Cash Management

Oak Bank is willing to do whatever it takes to understand the special needs of your business. We offer full line of cash management services to small to large businesses in the Fitchburg, WI and Madison, WI area. Contact a Business Banker today for a customized solution.

Sweep Accounts	Controlled Disbursement
Zero Balance Accounts (ZBA)	Payroll Processing & Direct Deposit

Sweep Accounts allow you to customize your cash management. Links between your Oak Bank checking accounts, money market accounts and lines of credit can ensure that you are maximizing your interest benefits, insuring against overdrafts and gaining earnings credit to offset your transaction fees. Our business bankers will analyze your account and set up target balances. Automatic transfers will then sweep money to and from interest bearing accounts based on these targets, ensuring that your money is working for your business.

Business Cash Management Strategy
Short Term Debt	Daily Operating Cash	Short Term Investment
Line of Credit	Checking Account	Money Market Account
Deposits through Courier Bank By Mail Lobby Visits Merchant Charge Card Deposits ACH Credits Wire Transfers

A ZBA is an account which maintains a zero balance but can still have checks written against it. As checks come through, funds are automatically transferred from a main account to cover the incoming items. Coordinating a ZBA with a sweep account relationship can ensure that idle funds are minimized and interest bearing funds are maximized.
 

We help you gauge excess cash levels accurately and take investment steps to maximize the yield you receive on your excess funds.

Avoid the expense and administrative burden of providing and reconciling paper payroll checks to your employees. AND, offer your employees the important benefit of having their paychecks deposited directly into their Oak Bank deposit account.
 
If you would like to set up these services or would like more information, please call 608/441-6000 or contact us.