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Cash Management Services
| Information Services
| Collection Services
Disbursement Services
| Investment Services
| Fraud Management
Information Services
ACCOUNT ANALYSIS
Account analysis is an essential reporting resource for all monthly activity on a corporate account. A statement can be provided capturing the average ledger and collected balances, itemized activity charges, the earnings credit allowance, and the balances required to offset all fees. Account analysis aids your company in its review of effectiveness of selected services. If multiple accounts are analyzed, United Bank can also prepare a combined analysis statement offering a complete relationship overview.
ACCOUNT RECONCILEMENT
Account reconcilement provides ease and automation during the monthly reconcilement of higher volume accounts. United Bank offers two reporting options detailing disbursement:
- Partial reconcilement supplies a numerical listing of presented checks.
- Full reconcilement supplies a numerical listing of presented and outstanding checks.
CHECK IMAGING
Check imaging supplies a monthly compact disk of images of checks presented for payment. The compact disk can be searched by any check field, and all images may be printed. Check imaging reduces document storage requirements while increasing productivity of retrieval of your checks. Additionally, check images are available on United Bank's Business Online Banking service.
CONTROLLED DISBURSEMENT
Controlled disbursement provides early notification of the current day processing of check clearing totals from the Federal Reserve System. This valuable notification provides an opportunity to project your cash position and maximize your investments on a daily basis.
DATA EXCHANGE
Data exchange makes possible a single access to all account information at multiple financial institutions. This unique reporting system will become your single resource to vital financial information needed for daily account reconciliation, cash flow forecasting, and cash positioning. United Bank provides a standard BAI file format that can be easily downloaded directly to your PC and integrates with most financial software.
EDI (ELECTRONIC DATA INTERCHANGE)
EDI provides the important information attached to ACH payments. EDI aids your company's accounting department in accurately recording payments. Information is delivered via fax copy and contains all relevant addenda information for incoming ACH payments.
ESCROW MANAGEMENT
Escrow management provides an effective reporting resource specifically designed for escrow deposits that simplify bookkeeping and tax reporting. A separate account is established for each escrow deposit and is linked for reporting capabilities to a single designated master account. A comprehensive statement is supplied monthly itemizing account numbers and names, activity, balances, and interest paid. Additionally, 1099 Forms are prepared and mailed directly to all of your clients at year-end.
