Better cash flow helps business run smoother.
WesBanco Treasury Management Solutions are a smarter way to make sure your business
has the cash on hand to take care of business. Everyday.
We are dedicated to assisting you achieve your financial goals. Our services help
corporate customers manage their cash resources by helping them achieve maximum
efficiency and optimum interest earnings. And our Regional Treasury Management Officers
can provide a complete analysis of your deposit account structure to recommend and
propose Treasury Management Services tailor-fit to your businesses individual needs.
Cash Management Services
Sweep Accounts
Sweep Accounts are Treasury Management vehicles that enable your business to earn a
competitive rate of return on excess collected balances that may be lying idle in
your business checking account. Sweep accounts ensure all idle cash balances are
automatically invested, secure and working for you!
- Excess Cash Balances automatically invested on a daily basis;
- Liquidity is maintained as funds are automatically transferred if needed;
- Individual statements on accounts provide complete detail of account transfers.
Sweep accounts involve investments in repurchase agreements. These obligations are
not deposits, are not insured by the FDIC, not bank guaranteed, are not guaranteed in any way by the
United States government or any agency thereof, and are subject to investment risks,
including the possible loss of the principal invested.
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Payroll Direct Deposit
Through WesBanco’s Payroll Direct Deposit Service, employee’s wages and salaries
can be electronically deposited into their account at WesBanco or any other banking
institution on payday. Imagine eliminating standing in long teller lines on Friday
afternoons for your employees or alleviating their worry about picking up their
check while out of town or on vacation!
- Eliminates need to issue costly payroll checks and creates efficiency;
- Information can be sent by direct transmission in NACHA format via computer, tape
or disk format. (Software available if needed);
- Pay available at 6:00 AM payday morning.
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Treasury Management Line of Credit
All businesses require working capital to smooth out ups and downs of the cash flow
cycle. WesBanco’s Cash Management Line of Credit can provide the flexibility you
need to more effectively manage your cash flow.
- Automatically linked to any specified deposit account to provide overdraft protection
eliminating costly overdraft fees;
- Funds short-term cash flow needs;
- Excess deposit balances can be applied to credit line on a daily basis;
- Approval granted by Corporate Banking Dept. through normal underwriting requirements.
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Lockbox Services
Our lockbox service from WesBanco can enable a business to have access to incoming
funds faster and, at the same time, reduce the amount of clerical time allocated
by the business to process remittance payments. The lockbox arrangement reduces
the float time (time it takes a check to be processed through a company and the
bank) associated with accounts receivable.
- Directly increases cash availability by substantially reducing float time;
- Lockbox service may free up staff time that the company can devote to other projects;
- Payments are addressed to your Business at the post office address so the company
loses no identity.
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ACH Services
Through an Automated Clearing House (ACH) Network, a business can pre-authorize
the bank to make payments on their behalf or receive deposits electronically. This
service is helpful for businesses with routine payments or receipts.
- Eliminates time spent preparing checks and actual cost of checks;
- Convenient method for payment of routine expenses.
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Financial Calculator
Explore your own financial information in greater detail by using these powerful
tools for forecasting and assessing your financial choices.