Treasury Services & Cash Management
Unlike any other time in history, your business operates in a fast-paced, high-tech environment. TowneBank Treasury Services can help you work faster and more efficiently, by optimizing available cash positions, streamlining account payables/receivables, and building automation and security into your transactions—all as part of an integrated, efficient, financial management process within your organization.
Strategic Partnerships
TowneBank has tailored custom solutions and expertise across various industries spanning from municipalities, property management companies, law firms, nonprofits, medical practices, and more! Through strategic partnerships we are able to offer software integrations to help you run a more efficient organization.
Your highly experienced and knowledgeable TowneBank Treasury team begins by getting to know your business, so they can tailor fit innovative solutions to accommodate your unique needs.
Meet the Treasury Services Team
Accounts Receivable
Expedite payment collection, provide flexible deposit solutions, and more!
More About Accounts ReceivableAccounts Payable
Optimize vendor payments, maximize cash position, and protect against fraud.
More About Accounts PayableReporting & Liquidity
Monitor cash position, ZBA/Sweep account monitoring, fraud monitoring, and more!
More About Reporting & LiquidityFAQs
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Treasury Services are a set of electronic banking services for businesses that can help to digitize accounts receivables, accounts payables, and reporting. Often banks will also provide fraud protection for businesses as part of these services, as well.
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Yes, our Merchant Services solutions allows your business to accept credit and debit cards from virtually anywhere and any time including mobile and online.
Call 866-462-9161 to learn more.
Your mobile carrier's web access and text messaging charges may apply. -
Yes! TowneBank offers Treasury Services to help your business better manage its cash.
Our Treasury Services are designed to help speed collections, control payments, reduce fraud and manage your time and company's funds more efficiently through:
• Receivables
• Reporting and Liquidity
• Payables
• and Sweep Accounts
You can also use our free Business Online Banking and mobile to keep track of your accounts, make payments and transfers, and get customized alerts. -
ACH Payments are processed through the Automated Clearing House Network, a secure centralized network, financial institutions can use to transfer funds safely and securely.
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Wire transfers are reliable and secure forms of transfer payments that are settled through the Federal Reserve, usually within minutes.
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An ACH is similar to a wire transfer, only it uses a batch-process. Transactions received by the bank are processed and funds are not available in the beneficiary account until the effective date.
A wire transfer is a real-time method of transferring immediate funds and supporting information between two financial institutions.
Make a Wire Transfer- Log in to Business Online Banking
- Navigate to the Money Movement tab
- Click Wire
- Fill in the following information:
- Wire Type
Funding Account
Send Date
Amount
Currency Type - Click Continue and follow the prompts to complete the wire
View a Video Demo -
Yes, as long as the transactions do not exceed the $100,000,000 limit and are submitted by the 1:30 PM cutoff time.
Normal Credit Approval Criteria Apply
Your mobile carrier's web access and text messaging charges may apply
All terms applicable to Online Banking apply to Mobile Banking