Central National Bank offers a suite of
Treasury Management products designed to
assist you in efficiently managing your
company’s cash flow. Our goal is to
simplify the funds management process to
reduce the time and effort required, allowing
you to focus on your core business and on
making money rather than managing money.
The descriptions below are designed to
give you an overview of what we have to
offer and an indication of what might appeal
to you. However, since each company is unique,
if you see a product that interests you
or are curious about how our Treasury Management
services can help you, please contact us
at treasurymanagement@cnbwaco.com
for an analysis tailored for your business.
Deposit Accounts
Business Checking Account
- Our Business Checking Account structure
is the fairest way to charge you only for
the services you use and only to the extent
fees for such services exceed the value
of your deposits. Each month, an Account
Analysis statement is generated that summarizes
the activity in your account and itemizes
the associated fees. The report also analyzes
your account balance and calculates an Earnings
Credit based on the Investable Balance.
Any fees not offset by the Earnings Credit
are charged to your account.
Schedule
of Fees
Account Analysis
Frequently Asked Questions
Investment Account - Our Investment
Account allows you immediate access to your
funds while maximizing your interest-earning
ability. It also rewards you for maintaining
a higher balance with a tiered rate structure.
Current Rates
Sweeps
Our sweep functionality allows you to maintain
a designated balance in your Business Checking
Account by automatically sweeping any excess
funds into your Investment Account nightly,
maximizing your interest-earning potential.
CentraNet! Cash
Manager Online Banking
Our online business banking product –
CentraNet! Cash Manager – allows you
to manage your cash flow and your banking
relationship from the convenience of your
home or office. CentraNet! Cash Manager allows
you to view your account balances and transactions
in a real-time environment, view account
history and check images, reorder checks,
place stop payments, transfer funds between
accounts, advance on loans, make loan payments,
send bill payments, initiate wire transfers,
and initiate ACH debits and credits.
Automated Clearing
House (ACH) Services
Once you are a CentraNet! Cash Manager User,
you may apply to initiate ACH debits and
credits. How can this functionality help
you? Are you printing and signing a stack
of payroll checks during the month? With
ACH capability, you can pay your employees
via direct deposit, saving you time and
money and allowing your employees faster
and easier access to their funds. Do you
receive payments from your customers on
a routine basis? Collect your money faster
by obtaining a preauthorization to debit
their accounts for your payments, allowing
you faster access to your funds at a reduced
processing cost and reducing the hassle
of collecting. These are just some of the
applications of ACH services.
Positive Pay
Once you are a CentraNet! Cash Manager User,
you will have access to our Positive Pay
fraud prevention system at no charge. Unfortunately,
check fraud is on the rise. With Positive
Pay, you will send us a file of issued checks
daily (or as often as you issue checks)
to be compared with checks trying to clear
your account. Any checks that try to clear
which are not included in your file will
be rejected as exceptions for you to view
and approve. This process allows you to
identify unauthorized, counterfeit, or forged
checks before they clear your account, protecting
you from monetary losses as well as the
hassle of having to deal with fraudulent
checks and closing accounts that have been
the subject of fraud.
Lockbox Service
Our Lockbox Service efficiently handles
the check payments that you receive via
mail so that your employees can spend their
time focusing on your core business. We
would receive and process your payments
and provide you with a file of payments
received. This process accelerates the processing
of payments and thus funds availability
and allows you to reallocate your resources
(employees’ time) or reduce overhead.
Merchant Services
By utilizing our merchant services, your
company can benefit from being able to offer
credit cards as an additional payment option
for your customers.
ACH Blocking
With our ACH Blocking service, you can completely
block other companies from being able to
debit your account for payments. Or, if
you would like to allow a few vendors to
debit your account for payments, we can
allow those and block all others.
Express Deposit
With our newest treasury management product, Express Deposit, you are able to make your bank deposits from the convenience of your home or office, eliminating the need to travel to the bank and allowing you and your employees more time to focus on your business.
