Treasury Management - Controls

At West Michigan Community Bank, we understand that treasury management is a significant component for organizations of all sizes. Our people and solutions are focused on helping you optimize liquidity, manage risk, and maximize returns. Whether you are a small business, commercial enterprise, municipal entity, or non-profit organization, our team of experts will help guide and support your unique treasury needs.

controls/online administration*

Business Online Banking offers the ability to assign different levels of security per user for a more complete security system for sensitive information, all controlled by your organization's authorized administrator.

positive pay*

Safeguard your business account against unauthorized check and ACH transactions with Positive Pay. This electronic fraud detection tool, accessed through Online Banking, helps you monitor transactions posting to your account. Your organization will receive daily emails making you aware of any transactions you need to review and accept or reject.

checks positive pay*

When checks are presented for payment against a protected account, selected check information is compared to the file of issued checks. Checks presented for payment that fail to match are flagged and the Positive Pay Exception Module allows users to make a pay or return decision. This allows suspected check exceptions to be resolved before the bank authorizes final payment and the user retains the right to reject any checks it believes are fraudulent.

ACH positive pay*

When ACH debits are presented for payment against a protected account, the transaction is flagged for review with the Positive Pay Exception Module. This allows you to ensure the authenticity and accuracy of each payment prior to making a pay or return decision. Rules can be created for routine ACH transactions, allowing those items to post without review.

zero balance accounts*

Manage funds efficiently using a zero-balance account (ZBA).  Automate transfers from ancillary accounts such as payroll, receivables, or other special use accounts.  At the end of each day, the ZBA account will either be debited or credited from the main (parent account) to settle at $0 collected balance.

 

*Some Treasury Management services are offered at an additional fee, please refer to your Cash Management Officer for a price proposal and additional information.