WesBanco’s Cash Management Services provide our corporate customers the ability to manage their cash resources helping them achieve maximum efficiency and optimum interest earnings. 

At WesBanco, we are dedicated to assisting you achieve your financial goals. Our Regional Cash Management Officers can provide a complete analysis of your deposit account structure to recommend and propose Cash Management Services tailor-fit to your businesses individual needs.

CASH MANAGEMENT SERVICES

Sweep Accounts

Sweep Accounts are Cash 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, 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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Cash 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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CheckPlus

WesBanco’s CheckPlus services provide images of cancelled checks neatly sorted, in check number order. All pages are three-hole punched and ready to store in a convenient binder, eliminating storage in shoeboxes and overstuffed file cabinets. All of our business checking accounts utilize our CheckPlus features and are available, optionally on a CD-ROM disk.

More organized statements that eliminate costly storage space;
Imaged copies are exact replicas of check documents and are fully acceptable by IRS, Courts of Law and Federal Reserve;
Allows for faster account reconcilement.

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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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Automatic Check Reconcilement

WesBanco provides Automatic Check Reconcilement for any business checking account that will assist you to reconcile and manage the check and deposit activity in your account. We can provide a listing of checks which still remain outstanding as of your statement date. An analysis can be performed to determine the cost effectiveness of this service for you.

Reduces clerical time spent reconciling statements;
Options are available for data transmittal;
Possibilities exist to interface with your accounts payable system.