| Automated
Clearing House (ACH) |
| Ocean
Bank has added maximum security protection
to our Automated Clearing House (ACH) service.
Now, it’s safer than ever to make payments
and receive funds electronically. You also
eliminate check writing and decrease the time
you wait to receive payments through the mail.
With ACH you can: |
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Pay
your employees using direct deposit |
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Automatically
collect payments from your customers, tenants
or others that you collect
funds from on a
regular basis |
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Transfer
funds to Ocean Bank from your accounts at
other financial institutions |
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| Lockbox
Services |
| Let
Ocean Bank process your payments receipts. When the payments are mailed to Ocean Bank’s
payment post office box, your business
eliminates a lot of manual work. Deposits to
your account are immediate making cash available
quickly and efficiently. Our lockbox services
are not just for companies with high remittance
volume. Companies that collect just a few
checks a month can benefit too. Digital imaging
capabilities provide you with the level of
detail you need to get the control you need
to manage your accounts receivable. Features
of our lockbox services include: |
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Support
of MICR and OCR barcodes |
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Database
of payers |
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Electronic
and credit card payments |
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Reporting
summaries and details with deposit imaging services to meet your needs |
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| Positive Pay |
| Protect your accounts with automated check fraud prevention. Checks presented for payment at
Ocean Bank are matched against information you upload as frequently as once a day, including
account number, check number, issue date and payment amount. If the check does not match the
information you provided, you receive an exception notification and can view an electronic check
image to decide whether the check should be paid or returned. |
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| Positive Pay also features these benefits: |
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Research paid and returned checks |
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Generate customer reports that summarize check payment history with
customized
level of detail |
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Retrieve digital images of paid checks with just one click |
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Set up approval levels for issues and exceptions based on criteria you establish |
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Change online the issue and void status of checks |
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Learn
more |
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| Wire
Transfer |
| Move
funds with speed and security from any Ocean
Bank account to any domestic or international
account. Send a single payment order or set
up wire templates. All detail
related to your transfers is stored in your
personalized database, so it makes it easy
to recall the template you need to wire funds.
Whether you’re a frequent user or wire
funds only occasionally, Ocean Bank makes
it easy and safe. |
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| Remote Deposit Capture |
| Expedite check processing and deposits. Remote Deposit Capture makes it possible for you to make deposits from your office without having to visit a branch. Deposited checks are scanned and the images are electronically transmitted to the bank via the Internet.
With Remote Deposit Capture
you can expect: |
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Completely secure process |
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Time and money savings (No more trips to the bank) |
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Decreased paperwork |
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Later deposit deadlines – any deposit submitted before 5:00 PM on a business day
will be posted that day |
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Improved cash flow because funds are available sooner |
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For
a complete description of Ocean Bank’s
Cash Management Services, click
here.
For additional information on our Cash Management products, services and fees,
please call our Customer Service Center at 305-569-5000. |
