The cash management services at Lafayette Savings Bank can help you collect your cash quicker, disburse it in a timely fashion, and manage it while you have it.

Contact Jeff Love, CTP at 765.429.2946 for more information and to determine which solutions are right for you.

Collect your cash quicker

Remote Deposit Capture - Is a web-based check image capture, storage and processing solution that enables you to deposit paper checks electronically.

ACH Services - The Automated Clearing House (ACH) is a funds transfer network of regional associations (many operated by the Federal Reserve), inter-bank associations and private sector processors. ACH provides a safe, efficient method to move collected funds on a next-day basis without the expense of paper check stock or a wire transfer. Money can be moved to and from any financial institution that participates in the ACH network. Once approved, businesses can use ACH functions to initiate:

• single or multiple transactions
• direct deposit entries
• ACH receipts
• cash concentration entries
• NACHA files created on other ACH software
• certain types of Federal and State tax payments

Lockbox Services - This service allows you to get your money into the bank quicker by providing you with a P.O. Box, owned by you, and maintained by Lafayette Savings Bank’s agent. When customers and business partners write you a check, you need to get those payments into the bank so that you can use the money. Utilizing a lockbox decreases your collection float, improves internal controls and can decrease paper in your office. We offer wholesale, retail and wholetail options of this service. Customized solutions for property management and healthcare organizations are also available.

Get more information on your disbursements

CD Images - Check storage has long been a necessary component of the account reconciliation process, but one that has caused many frustrations. We have invested in equipment to alleviate that burden for our customers by providing images of paid checks on a CD-ROM.

Positive Pay - Positive Pay is a fraud prevention tool that assists with the identification of unauthorized checks that are drawn against your commercial account. Examples of unauthorized checks include counterfeit or altered checks. Our Positive Pay service includes account reconciliation services.

Manage it while you have it

Online Banking - Your business is your baby...and no one helps take care of it better than we do. We’re a local business owner just like you and we understand the pressures and opportunities you face running the show. This service provides exciting capabilities like information reporting and electronic funds transfer services that will enable you to manage your account the way you want - anytime, anywhere! Click here for our demo.

Non-Profit Interest Checking has been specially designed to meet the needs of some of our largest depositors - not-for-profits and governmental entities. This account offers high short-term rates and has an optional sweep feature.

Zero Balance Account - A Zero Balance Account (ZBA) is a business checking account that maintains a set balance at all times. The balance maintained could be zero or any other balance desired. ZBAs allow customers to consolidate balances so that they can be used for investment or to pay down loans.

Product Guides

Click here to view a guide (PDF file) containing all of the Cash Management products.

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