SOLUTIONS TO IMPROVE YOUR CASH FLOW
At Bank of Southern California, your banking needs and activity are analyzed by our experienced bankers to help you find the best solutions to maximize your time and cash flow.
Online banking provides you with 24/7 real-time access to your accounts, to help you monitor and reconcile account activity and manage cash disbursements and collections.
With online banking, you can:
Remote Deposit Capture
Remote Deposit Capture allows you to make deposits from your business and speed up the collection of your funds without leaving your office. You will be provided with a Remote Deposit Capture scanner free-of-charge that allows you to securely scan and electronically transmit your checks to the bank for processing.
Wire Transfer Service
Wire Transfer Service allows you to transmit funds quickly and conveniently. Whether it’s domestic or foreign transfers, we make it easy to initiate wires through our online banking service, e-mail, fax, or in-person at our branches. We also provide e-mail notifications, so you always know the status of your transactions.
ACH Services greatly increases the speed, accuracy and efficiency of your payments and collections. Whether you are looking to offer direct deposit to your employees, pay your vendors electronically, process your Federal tax payments, or receive payments from your customers, ACH processing allows you to handle payments electronically.
Sweep Accounts maximize your balance by establishing automatic transfers between accounts to cover expenses, minimize unnecessary fees, and boost interest earnings.
- Zero Balance Accounts – Generally used for payroll accounts, money is transferred into these accounts only to cover the outgoing payroll checks; thereby maintaining a zero balance and maximizing the funds available in your operating account.
- Excess Balance Sweep – Automatically transfer balances above an established amount from your business checking account into an interest-bearing money market account to maximize interest earned.
- Overdraft Protection – We ensure your check payments are honored with automatic overdraft protection from available funds in another deposit account or from a line of credit.
- Expanded FDIC Insurance – Ideal for companies or non-profit organizations required to fully insure funds. Excess funds deposited with other financial institutions are automatically transferred as needed to insure your funds and maintain liquidity.
Positive Pay helps to monitor and protect your business against potential fraudulent activity. You submit an electronic file of checks issued, which is matched against items that have been submitted for payment. Any exception items are presented to you for your review and approval, and unauthorized checks are returned without risk to your business.
Cash Vault Services
Cash Vault Services with armored carrier allow you to securely deposit and receive higher cash volumes without visiting the bank. You also have the option to receive same day credit for cash deposits with safe deposit technology.
Courier service allows you to have your bank deposits picked up daily or on a regular schedule to save you and your staff valuable time.
Our lockbox service gives you a powerful tool to streamline your receivables with improved cash flow. Your check payments and related documents come directly to us for processing and are automatically deposited into your account. Through a simple online interface, you are able to view check images and related documents and correspondence, and retrieve reports and posting files.
Business Payment Automation
BPA helps automate your company’s payment activities. From managing invoices and related documents, to streamlining approvals and generating electronic payments, BPA saves you time, improves control, and helps secure your payments. With BPA, you can:
Click here for more detail and to view a brief demo.