Other Treasury Management Services

Lockbox
Founders Bank’s Lockbox Service is designed to speed every aspect of your collection process by reducing your mail, processing and clearing float. When you use our Lockbox Service, most of your incoming mail receipts will be deposited to your account hours before they would normally reach your office.

• Maximizes availability of funds
• Reduces clerical time & effort
• Expedites movement of your mail
• Eliminates delayed deposits
• Enhances your cash position
• Strengthens audit control
• Provides timely deposit information
• CD-Rom and/or Internet Delivery

Positive Pay
Founders Bank's Positive Pay service provides the bank’s volume check disbursement customers with a mechanism for protection against Fraudulent check activity.

• Customers utilizing Positive Pay transmit to the bank, by means of software provided by the bank at no charge, an automated file consisting of information regarding all issued and voided checks for comparison by the bank against all checks submitted for payment against the customer’s account.
• Customers manually input their information into our software or the software can be set up to automatically import the required information from the customer's accounts payable software and create the file that will be sent to Founders Bank.
• The Founders Bank system compares each check with the customer's issue file. Checks may also be screened based on the dollar amount or the issue date of the checks. This matching process also applies to any checks presented at the teller window.
• Exceptions are identified and the customer receives an Exception Item Report by 9:00 a.m. This report can be accessed through our balance reporting systems.
• The customer reviews their records and sends to Founders Bank their "pay" or "no Pay" decisions by 12:00p.m. If no response is received by Founders Bank by this time, all exception items will be returned "Refer to Maker". Any item presented for payment at a teller window which was not on the file provided is considered to be a suspect item and rejected with the notification "refer to maker".

Zero Balance Accounting (ZBA)
Founders Bank’s Zero Balance Accounting (ZBA) Service is a cost-effective way to concentrate deposits and fund disbursements and allows your company to keep separate disbursement accounts for bookkeeping and/or management purposes while eliminating idle balances. This service is particularly useful for companies with multiple divisions or operating units that want automatic funds movement while maintaining a separation of accounts.
You establish "secondary" accounts for your company's plants, stores, offices or other units that need the flexibility to make deposits, write checks and/or maintain separate balances. You assign each secondary account a target balance and establish a primary concentration/ funding account to pool funds. At the end of each day, funds are swept into or out of the primary account based on what is required to bring each secondary account back to its targeted level.

Account Analysis
Account activity in all non-interest bearing deposit accounts owned by a business customer are combined when calculating service charges. The balance in one account can compensate for the activity in others, thereby lowering or offsetting service charges.

eStatements
Combines the latest in imaging technology with the convenience of the Internet to deliver monthly statements electronically directly to the employee authorized by your company to receive that information.

Visa® Business Debit Card
The convenience, acceptance and available controls of the Visa® Business Debit Card empower small business owners and their employees to manage company business purchases more efficiently. Your Visa® Business Debit Card is used like a credit card to make purchases, with the amount of your purchase deducted automatically from your business checking account.