EXPEDITE YOUR WORKDAY WITH CASH MANAGEMENT!

Candace Britton - Corporate Services

The achievements of an entrepreneur come after many years of hard work and dedication. The average business owner works anywhere from 50 to 60 hours per week according to a survey conducted by the New York Enterprise Report. Between creating business plans, arranging financing, hiring staff, reviewing sales, developing marketing strategies, overseeing daily activities, and identifying business opportunities, an owner should also have a hand in the company's accounting practices.

That is where South Atlantic Bank can step in and lend a hand to our business customers. We have in-house cash management services and advisors ready to mange your business needs. Here is a indepth look at our time-saving products:

1. ACH SERVICES:

The nationwide Automated Clearing House (ACH) network allows you to transfer and receive funds quickly and reliably.

By making electronic transfers, business owners reduce the risk of potential check fraud and save time by eliminating data entry errors. The expense of issuing stop payments is also eradicated.

A major benefit is the opportunity to pay employees via direct deposit. This means rather than spending money on check stock, a simple file containing payroll information can be uploaded to our online banking website, NetTeller, and initiated electronically. Employees' paychecks will be directly deposited into their bank account at the financial institution of their choosing. This option is available for vendors and other payees of the business' choosing.

Not only can businesses transfer funds electronically, but also receive agreed-upon payments for services rendered. ACH makes collecting payment faster and more efficient.

You can sign up for ACH services with South Atlantic Bank and be set up within the next week!

2. WIRE TRANSFERS

South Atlantic Bank's wire services allows businesses to initiate wire transfers from anywhere. The best part, assigned users never have to leave their computer. All actions taken to create and initiate a transfer happen within our online banking website, NetTeller.

We offer both repetitive and non-repetitive transfer capabilities within and outside of the United States. Additional benefits include:

- No fee for incoming wires

- Time and money saved

- Ability to process large dollar amount transactions

- Telephone notification to verify transmission

- Optional email notifications

- Increased security measures

3. POSITIVE PAY

This is the financial industries longest withstanding fraud prevention method. Positive Pay works to reduce the risk of financial loss to businesses by matching the account number, check number, and dollar amount of each check presented for payment against a list of check information uploaded by the business. Users are required to upload a new list of authorized check information as necessary to our online banking website. No accounting software is required. This allows South Atlantic Bank to detect mismatched or unauthorized check activity.

4. REMOTE DEPOSIT CAPTURE

Commonly referred to as RDC, this service is ideal for businesses who accept a large number of checks or who can't make it to the branch within typical business hours. The benefits include everything from a secure scanner installed at your workplace to extended deposit hours and reduced travel time.

5. SWEEP SERVICES:

The goal of a sweep is to keep your money working 24/7. Below are three different products:

Credit Line Sweep - allows a business to link their checking account with a line of credit. Funds then transfer between accounts to cover transactions and maintain balances.

Investment Sweep Account - helps a business earn more interest. Excess collected balances are automatically transferred to a higher interest bearing account overnight.

Zero Balance Account (ZBA) - automatically pools all business funds into a central operating account. Subsidiary accounts maintain a zero balance and funds are transferred from the central account as needed. This eliminates the need to manually fund accounts and minimizes overdraft risk. Excess funds can then be invested to increases returns.

Ready to Learn More?

Contact your local branch or reach out to our Corporate Services team to get your money working harder!

Email: cbritton@southatlantic.bank

Phone: 843.839.4418

Online: SouthAtlantic.bank

SouthAtlantic.bank