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Cash Management
Home > Business Banking > Cash Management
Successful cash management starts with accelerating your cash flow. Salin offers a variety of cash management solutions that help improve efficiency and timeliness of both your day-to-day and long-term operations.
Sweep Accounts
Salin offers Sweep Accounts so your business can earn higher returns on cash that might otherwise sit dormant in a checking account. Salin "sweeps" the funds daily that are in excess of the balance minimum. The money is automatically invested in an interest-bearing account that best suits your needs. When your checking account drops below its required balance, Salin automatically transfers back enough cash to bring your account up to its required minimum balance.
To set up a Sweep Account or to learn more, please contact us.
Lockbox Services
Salin Bank's lockbox service provides business clients with a very efficient, reliable, and cost-effective method of collecting and processing receivables. We utilize high-speed extraction equipment for opening mail and image-based technology for capturing, reconciling, and transmitting transaction information to your receivables system.
By utilizing Salin Bank's lockbox service, you can streamline back-office functions while taking advantage of benefits received from our processing of your incoming payments.
To set up Lockbox services or to learn more, please contact us.
Zero Balance Accounts
With Salin’s Zero Balance Account, it’s no longer necessary to make deposits into multiple accounts or transfer funds between accounts to cover payments. All deposits are made into your primary account, and Salin’s system monitors activity and automatically makes all transfers as needed. This arrangement works well for companies that utilize separate accounts for payroll, travel expenses, commission disbursements, or even petty cash.
To set up a new Zero Balance Account, or to learn more, please contact us.
