Combine Funds in a Centralized Account

Cash Concentration can put all available funds to work and meet the unique needs of your business.

Cash Concentration

If you operate multiple locations—even if you have accounts with more than one bank—TowneBank Cash Concentration services help you optimize available cash on hand by combining funds from various sources into a centralized account.  

Each location can make deposits at their local bank. Corporate funds from all locations are then deposited into your TowneBank operating account using Automated Clearing House (ACH) transfers. This lets you maintain valuable local banking relationships while fully optimizing available cash on hand. 

Benefits of Cash Concentration

Improve Cash Flow
Improve Cash Flow

  • Leverage full use of available corporate funds for business expenses or investments. 

  • Prevent cash from sitting idle in other banks. 

  • Position your business for growth through a comprehensive view of your cash on hand. 

  • ACH deposits are available the same or the next business day.

Reduce Risk
Reduce Risk

  • Various locations operate with no interruption to their business process or valuable local banking relationships. 

  • Effectively manage important financial transactions from multiple locations. 

  • Streamline deposits and reduce risk. 

Save Time
Save Time

  • ACH transfers are fast, secure, and extremely reliable. 

  • You don’t need to use valuable time writing checks or conducting wire transfers. 

Meet the Treasury Service Team

Banking by Industry

Whether you run a hospital, school, a major port or even a construction firm - we have banking services to fit your needs.
Banking by Industry

Tour Business Online Banking

Explore a complete library of Business Online Banking simulators to learn how to create reports, add a user and more. 
Visit The Library