TREASURY MANAGEMENT SERVICES

 

Efficiently Manage Payables, Receivables and Liquidity

Mercantil Bank provides solutions to optimize your working capital. With our payable, receivable and liquidity management services, you will have more control, receive detailed reporting and experience faster transaction processing. Our services are backed by a team of professionals who specialize in integrating treasury management into accounting functions and finance workflows.

• ACH Services

With our Business Bill Pay service, you have an easy and secure way to pay your business’ bills to anyone, anytime. Make the most of your cash flow by having payments withdrawn from your business account when they are due.


• Business Bill Pay

Improve efficiency, reduce costs, eliminate lost check issues and increase control over how and when you make payments. Originate ACH credit transactions, batch-processed, electronic funds transfers to your payee’s U.S. financial institution to pay fees, vendor invoices or third party accounts.


• Business Loan Sweep

A Business Loan Sweep is an automated treasury management tool that calculates available balance and compares it to an established target balance. Based on your net cash position, the Business Loan Sweep automatically advances to the business checking account or pays down the line of credit.

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• Lockbox Services

Our Lockbox Services accelerate the collection and posting of your receivables. Payments are sent to a unique lockbox address where mail is retrieved and processed quickly. The information captured is available same-day through our lockbox browser for you to update your receivables.

• Mercantil TreasuryConnect®

With Mercantil TreasuryConnect you can access your account balances and activity, place stop payments, initiate internal transfers, ACH and wires and review Positive Pay exceptions in a single, secure platform.

• Positive Pay Service

Positive Pay provides an effective way to guard against check fraud by comparing your check issue file to the checks received for payment,
matching the check number and dollar amount. Any exceptions will be reported to you through Mercantil TreasuryConnect for your review and decision to pay or return.

• Remote Deposit

Remote Deposit allows you to conveniently deposit checks from your office quickly and easily while reducing time, cost and risk related to trips to the bank. You scan your checks and the images are transmitted to the bank for deposit to your business account.

• Zero Balance Account (ZBA)

Manage your finances online anytime, anywhere. With 24/7 access to account information, you can make decisions based on a clear and concise view of business finances.

• Account Analysis
With Account Analysis, you have an easy and efficient tool to analyze your account activity and manage banking fees. A monthly account analysis statement gives you a summary of balances and activity in your business account. The account balances you maintain generate an earnings credit to offset the monthly service charge.

 
 
• Treasury Management Services, click here.