treasury Management

Help your business run more efficiently now, so you can succeed today, tomorrow and for many years to come. With Electronic transactions like Automated Clearing House (ACH) or wire transfers, you can save time, reduce expenses, and improve account security. Move funds quickly so you can maximize cash flow management, and keep your business moving in the right direction. 

ACH Payments

• Reduce the expense and hassle of writing paper checks by sending payments electronically
• Create and store payment information in templates within Business Online Banking
• Schedule one-time or repeating payments to individuals or businesses
• Great tool for sending direct deposit payroll, employee bonuses, employee reimbursements, commissions, disbursements, rent, pay vendors, etc.

ACH Collections

• Reduce the expense and hassle of writing paper checks by sending payments electronically
• Create and store payment information in templates within Business Online Banking
• Schedule one-time or repeating payments to individuals or businesses
• Great tool for collecting membership dues, fees, rent, charitable contributions, etc.

ACH File Upload

• Save time by uploading National Automated Clearing House Association (NACHA) formatted files created from your accounting or payroll software 
• Submit ACH Debit and Credit transactions with proper authorization 
• Schedule one-time or repeating payments to individuals or businesses
• Files are verified to ensure they comply with NACHA standards

Online Wire Transfer

• Reduce the expense and hassle of writing paper checks by sending payments electronically
• Create and store payment information in templates within Business Online Banking
• Schedule one-time or repeating payments to individuals or businesses
• Great tool for collecting membership dues, fees, rent, charitable contributions, etc.

Business is built on good relationships. With Peoples Bank as your financial partner, you can feel safe and secure knowing your business is protected from fraud and scammers. We offer services that help weed out any invalid transactions and enhance overall security, so you can have peace of mind knowing your finances are protected by Peoples. 

Check Positive Pay

When a check is issued an "issue file" is created, or information such as check issue date, check number, and dollar amount are manually entered into Business Online Banking. When checks come in, they’re matched with the issue file. Checks that do not match are considered "exceptions" and the account holder must decide whether to pay or return the items. 

Check Positive Pay with Payee Matching

As checks hit your account, we will also validate the payee name¹ as part of the issue file. Checks that do not match the issue file are considered "exceptions" and the account holder must decide whether to pay or return the items.

Remote Deposit helps you access your funds faster. Simply scan the check you wish to deposit and watch the funds electronically enter your account. Call or stop by your local Banking Center for more information.

Reverse Positive Pay

All checks presented to your account will be listed as "exceptions" to review and decide whether to pay or return.

ACH Positive Pay

Take control of your business finances and limit the ACH transactions debited from your accounts with ACH Positive Pay. Presented transactions that don’t meet your rules will be considered “exceptions” and questioned about payment. Rules can be created with the following criteria: 

• Originating Company ID
• ACH SEC (standard entry class) code
• Dollar Amount

ACH Debit Block

All checks presented to your account will be listed as "exceptions" to review and decide whether to pay or return.

This service allows you to block all ACH debit transactions from posting to your accounts. Every incoming ACH debit transaction will be returned to the originator. 

When payment services are running smoothly, your business runs more efficiently. Merchant Services through Peoples Bank allow your customers to pay with Visa® or MasterCard® debit and credit cards. Please contact your local Banking Center for more information. 

An automated Sweep Account can help maximize earnings or reduce loan interest expenses by transferring excess balances to an interest-bearing account or using them to pay down a line of credit each night. Funds are then transferred back to the checking account the following day. Call or stop by your local Banking Center for more information.

These tools allow you to resolve issues with your accounts through our Business Online Banking services, so you can keep your business running smoothly now, and for years to come. 

Full Account Reconciliation

Submit a check "issue file" and we will provide you with monthly account reconciliation reports detailing paid, outstanding, and voided checks along with any stop payment items.

Partial Account Reconciliation

Each month we will provide you with a list of paid checks and additional reports so you can reconcile the account.

Deposit Reconciliation

Keeping track of the deposits from multiple sources is easier with Deposit Reconciliation. This service assigns a unique location number to each business and organizes deposits in an easy-to-read report broken down by location.

*Fees apply for Treasury Management services.