Cash Management

ACH DEBIT ORIGINATION

In the collection environment, there are two main reasons to use Automated Clearing House ACH Debit Origination -- Cash Collection and Cash Concentration. Cash Collection is the collection of funds from customers through electronic transfer. This method of collection allows for the fastest retrieval of money from customers. It can be used by companies to collect funds from nearly any U.S. bank associated with the Federal Reserve Bank. Cash Concentration is for businesses, like retailers and companies with multiple locations, which often maintain accounts at more than one bank.  The business can utilize this service to consolidate the funds in one depository account.

OFFICEDEPOSIT^® (REMOTE DEPOSIT CAPTURE)

Businesses that receive checks for payment now have the ability to deposit those checks through image capturing. Once the check is scanned, it is uploaded to our system for deposit. The system also allows for the scanning of remittance coupons or for the entry of additional accounting data that can be downloaded and interfaced to an existing accounting system. Using this system can eliminate most trips to a branch.

LOCKBOX PROCESSING - RETAIL & WHOLESALE

Instead of checks being sent to your offices, they are sent to a Post Office Box maintained by CNB. Each day the payments are removed from the P.O. Box and are deposited into your accounts. Check and remittance information received are reviewed and imaged. Once the information and images are captured, the details of each payment can be delivered to you through different methods. With this service, we will work with you to automate the flow of data and speed the deposit of your funds as much as possible.

EPARTNER™

Our business online banking system allows you to access information and process transactions from your computer. Our system is 100% Internet based making it accessible to anyone with access to the Internet anywhere in the world. The system is custom configured to include the modules you need to operate your business.

• Balance Reporting Module - Real time retrieval of account balance, activity information, and paid check images.
• Book Transfer Module - Allows the movement of funds between two accounts at CNB (including deposit and loan accounts).
• Stop Payment Module - This module to allows you to add a stop payment to a check.
• Wire Transfer Module - You can use this function to originate repetitive and non-repetitive wire transfers for both USD domestic and USD international transactions. It also provides detail tracking of incoming and outgoing transfer activity.
• Automated Clearing House ACH Module - This module allows you to create NACHA formatted files and originate ACH debit and credit transactions.
• Bill Payment - You can use this function to schedule bill payments from your designated bill payment account to businesses or individuals.

PLEASE NOTE: All City National Bank ePartner clients are required to download IBM^® Trusteer Rapport^™ to every computer where ePartner is accessed.  Trusteer Rapport is a free, advanced security solution that helps protect your computer.  To learn more about Trusteer Rapport, click here to visit our Trusteer page.  You may need administrative rights to install Trusteer Rapport on your computer.  We recommend you contact your Information Technology Department for a trusted technology provider for any questions about your ability to complete the installation.

RECONCILEMENT SERVICES

When you take advantage of these City National Bank of Florida’s services, the data within our systems can help you streamline the reconcilement of your business.

• Full Reconcilement Services
• Partial Reconcilement Services
• Deposit Reconciliation
• Check Images and Statements via CD-ROM
• Electronic Return Item Reporting
• Quicken^® and Quickbooks^® Integration
• Sub-Accounting Services

SWEEP SERVICES

In order to maximize idle funds, we can link a deposit account to a loan or investment account. This link will allow money to flow automatically between the deposit account and loan or investment account as needed. Investment products are not insured by the FDIC or by any federal government agency. They are not a deposit or other obligation of, or guaranteed by, City National Bank of Florida or any of its affiliates. They are subject to investment risks, including possible loss of the principal amount invested.

AUTOMATED CLEARING HOUSE (ACH) CREDIT ORIGINATION

Although not as fast as wire transfer processing, the cost and efficiency of using this service is superior when sending numerous payments.

CORPORATE PURCHASING CARDS - "ONECARD"

The OneCard allows employees who travel regularly or make regular corporate purchases to carry a special card for that purpose. The employer can control who is issued a card and what types of merchants are acceptable for payment.