ZBAs - Zero Balance Accounts are separate checking accounts that are tied to a general operating account.

• Most common use is with payroll accounts
• Eliminates the need to fund the account through deposits
• Funds are automatically pulled from the general operating account as checks are presented for payment on the ZBA
• Retains its own account number with monthly itemized statements
• Monthly Maintenance Fees
  • $25.00 monthly fee

Lockbox - The lockbox agreement authorizes the Bank to establish a P.O. Box in the Company's name and then retrieve the mail and process the deposit

• Monthly Maintenance Fees
  • $100.00 monthly fee
  • $.20 per item handling fee ($75.00 minimum)
  • $ .10 per line of data (if entered on a spreadsheet)
  • $ 1.50 per faxed page
    
    

Trust Sweep - A tri-party agency agreement, which moves funds to and from an interest bearing investment account set up in the Company's name with the Investment Agent.

• Is tied to the Company's general operating account
• A minimum collected balance is established as the threshold at which excess funds are swept to the account at the Investment Agent, or shortfalls are swept back to the account with the Bank
• Receive a monthly earnings credit for the average daily collected balance maintained in the Bank account (less the 10% reserve requirement), which is used to offset monthly charges. The earnings credit is based on a 13-week average of the 91 day Treasury Bill Rate.
• Earn a market rate of interest on swept funds (less Investment Agents fee). Funds are typically invested in Dreyfus Treasury Prime Cash Management Fund, an institutional mutual fund.
• Swept funds are held under fiduciary responsibility and are not subject to bank failure.
• The monthly Bank fee is charged against the Bank Account and is eligible for offset by the earnings credit
• Trust Sweep Fees
  • $100.00 monthly Bank fee
  • ½ of 1% or 50 basis points annual Investment Agent fee payable monthly against the fund
    
    

Cash Management  - A complete easy to use PC based software system that allows businesses and high net worth individuals to perform many banking functions from their own PC.

• Easy access to balance and transaction reporting
• Includes account reconciliation features
• Transfer funds between depository accounts
• $25.00 monthly fee, $7.00 per ACH File originated.

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