Menu LOG IN OPEN SEARCH Home » Commercial » Cash Management Cash Management Part of being successful involves making the best use of your money and your time. Cash Management Services from Union Bank can help your organization operate more efficiently and effectively by better managing your funds, accelerating the collection of receipts and optimizing the timing of your outgoing payments. Customized Business Tools That Grow With You. Contact Our Commercial Lending Team Today. LET’S GET STARTED “Your system and Stacey Chase have made our lives easier and saved us money overall. She was local and is always there if we have a question and she can get things done! We are thankful we found her and your bank. Your folks clearly listen to your customers and make it happen!” — PHYSICAL THERAPY AND FITNESS CENTER IN ESSEX, MILTON AND ST. ALBANS, VT — Money Transfer Options ELECTRONIC FUNDS TRANSFER VIA ACH Union Bank can help your organization electronically send or collect funds nationwide using the Automated Clearing House (ACH). ACH is the economical way to gain fast access to funds while reducing some of the risks inherent in dealing with paper checks. The benefits of ACH are substantial and Union Bank’s ACH service lets you accurately, efficiently and economically transfer funds to or from individuals and businesses with accounts at any bank or credit union in the United States. BENEFITS OF ELECTRONIC FUNDS TRANSFERS WIRE TRANSFERS Wire transfers are a fast, safe and secure way to send money nationwide or internationally. Union Bank can initiate a wire order to transfer funds from your Union Bank deposit account through the Federal Reserve System to accounts at other financial institutions worldwide. Wire transfers initiated by 2 p.m. typically receive same day delivery to banks in the US. BENEFITS OF WIRE TRANSFERS SWEEP TRANSFERS BETWEEN ACCOUNTS Cash Sweep puts your money to work by sweeping idle funds from your commercial checking account(s) into interest bearing accounts or to pay down line of credit balances. Maximize interest earned and minimize interest paid by investing excess funds and borrowing only the funds that you need. BENEFITS OF SWEEP TRANSFERS 24/7 Banking on Your Schedule MOBILE BANKING Have your accounts at your fingertips wherever you may be with mobile banking from Union Bank. Learn More About Mobile Banking ONLINE BANKING ON YOUR PHONE OR IPAD: ONLINE BANKING Union Bank’s digital banking system offers you 24/7 access to view your accounts and transact business when and where you want. Learn More About Online Banking UNION BANK’S DIGITAL BANKING SYSTEM OFFERS YOU: REMOTE CHECK DEPOSIT Our remote check deposit service (also known as Remote Deposit Capture) provides you the flexibility to manage your business banking on your schedule. By scanning and electronically depositing checks from your office, you save time and stay focused on running your business. You can use a check scanner to deposit an unlimited number of items for one monthly fee. ** Along with Union Bank’s online and mobile banking options, our remote check deposit service is another tool to help you enjoy more efficient, less stressful banking. For smaller organizations with fewer items to deposit, we offer the option of a single-feed check scanner or depositing via our mobile banking smart phone app. Learn More About Remote Check Deposit OUR REMOTE DEPOSIT CHECK CAPTURE SERVICE OFFERS YOU: “As John promised it would be, my experience with their mobile app has been very positive. Although I am a relatively new customer of Union Bank, I am quickly becoming a loyal fan.” — INTERIOR DESIGN AND HOME CONSULTATION COMPANY, CENTER HARBOR, NH — Cards and Card Processing QUICK AND EASY CREDIT AND DEBIT CARD PROCESSING Merchant Services With decades of experience, Union Bank is a regional leader in providing credit and debit card processing services. We can simplify the process and quickly set you up to accept debit & credit cards issued by Visa®, MasterCard®, American Express®, Discover and Diners Club. We offer customized pricing with highly competitive rates, no hidden fees and no cancellation penalties. Choose from a variety of state-of-the-art equipment options to buy or rent, depending on your situation and transaction volume. We offer equipment that is compatible with the EMV security chip requirement. In addition to very competitive pricing, we offer customer service that is superior to what is typically found from other processors, including: a streamlined application process, in-person set-up, and access to 24-hour technical support. Learn More About Our Merchant Services BENEFITS INCLUDE: FULL-SERVICE UNION BANK BUSINESS CARDS Debit MasterCard Business Card: Enjoy increased purchasing flexibility, cash access, convenience and safety. With a Union Bank Debit MasterCard for Business you can better manage cash flow and record keeping. Learn More About Our Debit Business Card TAKE ADVANTAGE OF AN ARRAY OF OTHER BUSINESS AND TRAVEL BENEFITS. Visa Business Card Union Bank’s Visa® Business Credit Card is accepted around the world, offers 24/7 U.S.-based customer support, and provides multiple layers of protection that give you security, including Verified by Visa® for added protection with online purchases and free identity theft assistance. The card acts as a charge card with the monthly bill paid in full (vs. extending payment and incurring interest as with a credit card). With Online Account Access, you can make payments, view account activity and download statements using MyCardStatement.com. Learn More About Our Visa Business Credit Card Secure Banking Services POSITIVE PAY AND ACH FILTERING Our Positive Pay and ACH Filtering service enables you to detect and mitigate the risks associated with fraudulent checks and ACH transactions. POSITIVE PAY FEATURES NIGHT DEPOSIT BOX Safely drop off your check and cash receipts in our branch night deposit boxes instead of leaving your daily collections in your store or office overnight. You have the assurance of knowing that your funds are safely at the bank. Night deposits are removed from the depository and counted under the dual control of two bank employees. If you request, you have the option of having your night deposits counted in front of you the following business day. FDIC Insured Deposit Options CERTIFICATE OF DEPOSIT ACCOUNT REGISTRY SERVICE (CDARS ®): Conveniently access multi-million-dollar FDIC insurance coverage and earn CD-level rates (typically rates comparable to Treasuries and money market funds) while working directly with Union Bank. Earn one rate for each CD maturity and enjoy the option of reinvesting funds through a simple process. We provide you with one easy-to-read statement summarizing all your CD holdings. Deposits up to $250,000 are insured by the FDIC. When you open a Certificate of Deposit Account Registry Service (CDARS) CD with Union Bank, you can increase that FDIC coverage to millions of dollars. INSURED CASH SWEEP® (ICS) SERVICE: With Union Bank you can secure your large deposits while maintaining access to funds. With the ICS service, you can earn interest on funds placed into checking (demand deposit) accounts or money market deposit accounts, while receiving multi-million-dollar FDIC insurance. Access funds through unlimited program withdrawals(using the ICS demand option) or up to six program withdrawals per month (using the ICS money market savings option). WITH BOTH ICS AND CDARS, YOU BENEFIT FROM: “Its so nice to visit one website and be able to take care of all of these needs instead of having to log in and out of multiple other websites. In about 5 minutes I can pay our employees and the payroll taxes, and If I have any problems, Lacey Williams is always so helpful!” — EXCAVATION COMPANY, STOWE, VT — CONTACT ANY OF OUR COMMERCIAL LENDING TEAM TO GET STARTED OR STOP BY YOUR LOCAL BRANCH. Our Commercial Lending Team Our Branch Locations Cash Management Services VT Cash Management Services NH * If depositor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the depositor to determine whether the placement of the depositor’s funds through ICS or CDARS, or a particular ICS or CDARS transaction, satisfies those restrictions. Placement of your funds through the ICS or CDARS service is subject to the terms, conditions, and disclosures set forth in the agreements you enter into with us, including the applicable Deposit Placement Agreement. Limits apply, and customer eligibility criteria may apply. ICS program withdrawals are limited to six per month when using the ICS savings option. ICS, Insured Cash Sweep,and CDARS are registered service marks of Promontory Interfinancial Network, LLC. ** Commercial and Business Checking item fees still apply. 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