Treasury Management Services

Expand your customers’ payment options while increasing your revenue with Extraco’s Merchant Services.  Our merchant services enable you to process VISA® and MasterCard® credit and debit transactions electronically with complete convenience and security.

Types of businesses who use our service:

• Restaurants
• Retail Stores
• Mechanical Trades
• Professional Trades
• Lodging

Put a teller window in your business with Extraco’s E-Capture Remote Deposit Service. An electronic check-processing tool, E-Capture allows you to make check deposits without having to leave your business. It is the ideal product for multiple business locations or businesses that process large amounts of checks.

All you need to get started is some counter space, a computer with internet access, and an Extraco business account.¹

The benefits of E-Capture are many:

• Shorter collection cycle
• Less trips to the bank; saves in courier fees
• Faster approval for improved cash flow
• Earlier notification of non-sufficient funds or fraudulent items
• Reduced storage and research time due to digital imagery storage
• Checks may be deposited all at one time or deposited as received
• It’s convenient and secure

Go electronic with collections and payments! Extraco offers a flat-fee ACH option for Small Business Checking customers that’s ideal for weekly payroll processing. Businesses with multiple payroll accounting systems and/or a desire for reduced complexity in accounts receivable/payable functions will benefit from our flexible ACH file generation and transmission solution.

Safe and fast, ACH Origination optimizes these important processes:

• Payroll — Makes funds available to employees faster and eliminates the possibility of lost or stolen checks
• Preauthorized debits/credits — Send single or recurring debit or credit entries to consumers or other companies to satisfy payment obligations
• Controls the timing of your payments — funds are available within 1-2 business days
• Streamlines your accounts payable and accounts receivable functions — and improves cash flow by eliminating paper checks
• Eliminates costs — associated with the preparation, delivery and reconcilement of checks
• Keeps account information up-to-date — with same-day or next-day reporting on incoming and outgoing entries
• Eliminates deposit processing costs — such as postage, handling, supplies, etc.
• Protects your account against fraudulent activity
• Converts paper checks into ACH debits for faster payment collection

Extraco’s Investment Sweep Account is a completely automated overnight investment service designed to convert your excess demand deposit account dollars into interest earning dollars. This service pays daily interest on otherwise idle funds while maintaining 100% liquidity.

How it works:

Each day, excess demand deposit collected dollars are transferred to an Automated Repurchase Account. These funds are invested in U.S. Government or Federal Agency Securities for high yielding assets and a safe return of your investment.

Positive Pay and Account Reconciliation Services are two new fraud deterrent services Extraco offers business customers. They help both the customer and the bank prevent fraud before losses are incurred.

Positive Pay

Reduce fraud by electronically sharing your check register of all written checks with the bank; we’ll only pay the checks listed.

Account Reconciliation Services

Automatic reconciliation of your accounts reduces your time and processing costs; you also receive detailed reports and audit controls