Concentration of Funds
NetConnect Concentration of Funds service provides several effective and inexpensive plans for collecting funds from your company's remote bank accounts for deposit to your company's concentration account at Bank of Oklahoma. The service employs the Automated Clearing House (ACH) to accumulate deposits made to remote financial institutions. The ACH guarantees one day availability of funds as items are processed electronically. This service allows your cash manager maximum use of funds in remote locations at the earliest opportunity.
Benefits
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High level of security
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Weekend and Holiday processing for Monday funds availability.
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Reports for improved audit control.
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Time and personnel currently occupied with concentrating cash may be reallocated to more productive activities.
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Less expensive than a wire.
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No Hassle Loan Payments |
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>> Ensure the accuracy of your loan payment. Click here to learn how. |
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Let Us Help Your Business |
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>> Looking for an easier, more efficient 401(k) plan for your business. Find out more. |
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