| Sweep
Accounts |
|
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 |
|
| Zero
Balance Accounts (ZBA) |
| 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.
|
| Controlled
Disbursement |
| We help you gauge excess cash
levels accurately and take investment steps to maximize the
yield you receive on your excess funds.
|
| Payroll
Processing & Direct Deposit |
|
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.
|
