Cash Management

At Drummond Community Bank we focus on what matters most “Your Business." Our Cash Management Products & Services will allow your business to run more efficiently with up to date technology in a secure environment. We build your Cash Management Products & Services around your business needs.  

ACH Origination

ACH Origination offers a business the ability to generate electronic transactions in a safe and secure environment.

  • Direct Deposit of payroll to employee's accounts
  • Direct payments from customers
  • Pay vendors or contractors

Business Credit Cards

With our Visa Business Credit Card, you can simplify the way you spend and manage your expenses and cash flow- so you get back to business.

Track Spending Easily

  • Spending Analysis by Vendor Category with Comprehensive Reporting
  • Monitor Activity Electronically by Account with 24/7 Accessibility
  • Online Statement with Various Payment Options
  • Individual Spending Limits by Employee

Additional Visa Benefits

  • Embedded Chip for Enhanced Security
  • Purchase Security/ Extended Protection
  • Auto Rental Collision Damage Services
  • Emergency Card Replacement
  • ScoreCard Rewards Points
  • Travel Protection

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Business Online Billpay

Business BillPay users can define a new speed of business. Bill Pay empowers business owners to pay bills faster while integrating seamlessly with online banking through a secure website. Reduces the time spent managing invoices and schedule payments to avoid missing important due dates.

  • Track spending
  • Create alerts and reminders for payments due to ensure all payments are delivered on time and business cash flow remains accurate

Merchant Services

Merchant Services allows your business to accept credit card payments to help establish your business and increase your cash flow. Accepting credit cards will

  • Increase your business cash flow
  • Boost sales
  • Eliminated risk of getting bad checks
  • Provide your business with a level playing field with competitors

Remote Deposit Capture

With Drummond’s fast and secure Remote Deposit Capture (RDC) service, businesses have more time to do business.

  • Deposits are made electronically from your place of business to save time, reduce the risk of theft, and eliminate trips to the bank
  • Deposits are processed the same business day if received by 7:00 pm
  • Remote Deposit Capture offers businesses of all sizes a safe and convenient way to do business banking
  • Unlimited deposits from your office for a low monthly fee

Sweep/Overdraft Protection

Sweep accounts automatically transfer amounts of funds that exceed, or fall short of, a certain level into a higher interest-earning account, pay a line of credit based on your business at the close of each business day. Commonly the excess cash is swept into a money market account.

  • Sweeping funds provides you an avenue to move money and cover accounts automatically based on your business needs.
  • Increase revenue and cash flow for your business

Wire Transfers

Move funds quickly to parties in the U.S or other countries with ease. Establish a Wire Transfer Agreement to speed up the process for wire transfers your business sends on a regular basis.

  • Wire transfers are immediate, reliable and safe
  • A wire transfer is an electronic transfer of money from one bank to another. Drummond Community Bank takes the extra steps to ensure that your wire transfer is safe with added layers of security
  • Common uses might be, loan closing, loan payoff, company to company transfer, large purchase, etc.
Business

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