Cash Management Services
We offer a full array of Cash Management products and services that are customized to meet the unique needs of your business. The following services will help maximize your working capital position, cut costs, become more efficient, and optimize debt.
Demand Deposit Accounts – A Demand Deposit Account (DDA) is a bank checking account used to receive or transfer funds via check, Automated Clearing House, or a wire transfer. A required component of any cash management system, York Tradition’s DDA offers competitive pricing and a competitive availability schedule.
Sweep Services – Our automated Sweep Services will help you reduce borrowing costs or increase investment income. Excess funds in your checking account can be used to pay down a line of credit, invested into a money market, or invested through a family of money market mutual funds managed by Federated Investors.* We will take care of maximizing the use of your cash, saving you time and preventing overdrafts.
Zero Balance Accounts – Our Zero Balance Account (ZBA) service consolidates balances from multiple sub-accounts into a single master account. This allows you to take advantage of investment opportunities with surplus funds in the master account. It also allows you to segregate deposit and disbursement activity. The process requires no time or effort on your part, since the funds are transferred automatically each business day and the sub-account balances are returned back to zero.
Wire Transfer – Our Wire Transfer service enables you to quickly transfer funds directly from your bank account to another account. We offer multiple delivery channels to provide you with quick, secure initiation of both domestic and foreign transfers.
Automated Clearing House – The Automated Clearing House (ACH) payment system enables you to streamline and automate disbursements and collections by electronically transferring funds between two accounts. ACH transactions are initiated through our Online Banking system or by your own software package. Common ACH applications include: payroll, vendor payments, tax payments, cash concentration, membership dues, and more.
Remote Deposit – With Remote Deposit you can deposit your business’s checks right from the comfort of your office, saving you time and letting you run your business more efficiently. A scanner converts images of your checks that are sent to us electronically. The check images are validated, the funds deposited in your account, and then the images are sent electronically to your customer’s bank. You’ll have the added benefit of a 6 p.m. cut-off for funds to be credited on the current business day; online access to images, deposits, and reports for 24 months; faster access to your money; and fewer trips to the bank. It’s quick, simple and open for business 24 hours a day, 7 days a week.
Merchant Services – Our Merchant Services program enables your business to accept all major credit card payments through terminals, telephone or Internet. We offer state of the art equipment and processing features with competitive pricing. We will work with you to customize a program that meets your needs, helping you increase sales and cash flow.
MasterCard® Business Check Cards – Our Business Check Card is a convenient way to access your Business Checking account. The card can be used for any type of business expense – from travel and entertainment to materials and office supplies. York Traditions Bank Check Cards can be used at millions of locations worldwide. You can also get cash at any ATM that participates in Star®, Plus, Cirrus®, Interlink® and MasterCard® ATM networks. And, transactions are free of charge at Rutter's Farm Store ATMs. For a list of participating stores, click here.
Night Depository – York Traditions Bank offers Night Depository service to our business customers at all of our branch locations.
Courier Service – Our branch is your office. Convenience now has a new meaning. Where it makes sense, we will have our Courier pick up your deposits – no more running to the bank.
Safe Deposit Box – A Safe Deposit Box gives you safekeeping for your important documents. We have several different sizes available with low annual fees.
*Money Market Mutual Funds are not FDIC insured, not bank guaranteed and may lose value.