Commercial Banking

Cash Management

At CFG Community Bank, we recognize your need to efficiently manage your business cash flow. That is why we have designed a full suite of cash management products and services. Our cash management professionals will analyze your existing and future needs and craft a solution to ensure you have the products and services necessary to achieve your goals.

• Remote Deposit [-]

  With CFG Community Bank Remote Deposit Capture you can save time and money by reducing or eliminating extra trips to the bank to make deposits.

  • Peace of mind that CFG Community Bank provides multifactor authentication, encryption, and multiple security levels to afford you a high degree of security for your deposits
  • Enjoy the convenience of scanning your checks from your place of business
  • Take comfort in the ability to review the check images on your computer screen prior to submitting your deposit
  • Experience same day credit on deposits made prior to 5:00 pm EST
  • Provides flexibility in processing deposits around the clock, 7 days per week

• Online Banking [-]

  With CFG Community Bank Online Banking you can securely access your accounts, manage your investments, pay bills, view statements, and more. Online Banking allows you to bank from the convenience of your home or office, or on the road. When you log onto online banking, you can:

  • Access your account online
  • Transfer money between CFG Community Bank accounts
  • View information on deposits and withdrawals
  • Pay your bills
  • Schedule recurring payments to be made automatically
  • Request stop payments
  • Reorder checks
  • Download history into accounting software

• Bill Payment [-]

  Avoid late or missed payments, the added cost of stamps or delays in mail processing. Pay bills fast and easy with electronic bill payment.

  • Fully integrated with Online Banking, so you only need one User Id and Password
  • Allows you to schedule one time or recurring payments
  • You can receive and pay e-bills

• Wire Transfer Services & Notification [-]

  Wire Transfer is the only way to transfer funds to other financial institutions and achieve same-day availability. You can move money to other banks, virtually anywhere, with ease and security with CFG Community Bank’s flexible wire transfer service.

  • You can initiate domestic wires using CFG Community Bank’s Online Banking service
  • You will enjoy same day availability of funds
  • To help you manage your time more effectively you can establish templates for wire transfers done on a repetitive basis
  • You will receive real-time notification of incoming wire payments

• Direct Deposit Payroll [-]

  An easy and affordable solution for you to pay your employees. Direct Deposit can streamline payroll operations, increase productivity, and save money for your business.

  • Pay one, some, or all of your employees
  • Easily schedule Direct Deposit in advance, at least two days prior to the pay day
  • Eliminate lost or stolen payroll checks
  • Your employees will have instant access to their salary on pay day without a trip to the bank or waiting in line to have checks cashed

• ACH Origination [-]
  • Reduce costs while disbursing funds by eliminating paper checks
  • Initiate recurring payments to your regular vendors to ensure timely payment
  • Initiate debits from your customer accounts for faster payment of invoices
  • Reduced lost check and fraud expense
• Positive Pay [-]
  • You can securely import your check issue file into CFG Community Bank’s Online Banking service
  • As items are presented for payment, our matching and validation process quickly identifies checks that are inconsistent with the data provided
  • Digitized images of exception items are provided online to enhance your pay/return decision making
  • Allows you to review suspicious items efficiently and make timely payment decisions
• Account Reconciliation Plan (ARP) [-]

  Offers businesses that issue a high volume of checks a more efficient way of accounting for and reconciling bank statements and other transactions each month.

  • You receive consolidated reporting of individual checks paid during the statement cycle as well as those that are still outstanding - with totals of both categories
  • The result is reduced bank fees and operating expenses by eliminating multiple deposit accounts and funds transfers
  • And, you spend less time reconciling your accounts

• Zero Balance Account (ZBA) [-]

  Consolidate your company’s funds into a central operating account, from which subsidiary accounts (called Zero Balance Accounts or ZBAs) for payroll, petty cash or other similar needs, are funded automatically.

  • Simplify operations by eliminating manual funding of subsidiary accounts
  • Maximize funds available for investment
  • Minimize the risk of costly overdrafts
  • Ensure clerical time and expense savings

• Automated Overnight Investment (Sweep) [-]

  Maximize your earning potential on available funds by automatically investing excess checking account funds into higher yielding interest-bearing accounts, including Repurchase Agreements (REPOs).

• Business Sweep [-]

  For businesses that want to increase their earnings power by automatically investing excess checking account funds.

  • Maximizes investable funds
  • Automatic same day sweep
  • Convenient way to earn interest on excess investable balances

• REPO Sweep [-]

  Provides increased safety and security for funds that exceed FDIC insurance limit.

  • A collateralized (secure) investment backed 102% with U.S Government Treasury and/or Agency Securities
  • No investment cap limit

• Target Balance Management (TBM) [-]

  Manage your cash flow and interest expense more effectively. TBM provides the ability to automatically fund and/or pay down your line of credit based on maintaining a specific balance in your operating account.

  • Advances on the line of credit occurs as items clear your operating account
  • Automatically pays down your line of credit with any excess funds over the target balance
  • By utilizing excess funds to your advantage, you reduce your interest costs on outstanding loan balances

• Escrow Manager [-]

  For the attorney, CPA, real estate professional, property manager and others that manage escrow funds for their clients.

  • Allows you to simplify accounting procedures and decrease paperwork
  • Deposit escrow funds into a single account, eliminating the need to maintain separate accounts for each individual escrow deposit
  • Individual escrow subaccounts are established and tracked by CFG Community Bank
  • You receive consolidated statement showing the history and balances for the master account and all of the subaccounts
  • CFG Community Bank handles the IRS reporting and mails the 1099 forms directly to your clients

• Merchant Services [-]

  Enjoy state-of-the-art payment processing solutions, allowing your business to process credit and debit card payments with the same convenience and ease as accepting cash. Includes a full range of credit card services, such as online merchant reporting and immediate deposits for further ease.

• International Services [-]

  CFG Community Bank offers foreign currency services, including purchase and exchange.