Funds Management

The foundation of any smart funds management strategy, Business Online and Mobile Banking give you access to:

• Detailed account information
• Real-time funds transfers
• Easy online bill payments
• And much more!

Our digital business banking platforms help you save time, improve cash flow, and streamline internal financial management processes. Go to our product page to learn more about this powerful cash management tool.

ACH services offer a cost-effective and efficient way to stay flexible with payables and receivables.

• Save money by depositing employee payroll through direct deposit.
• Save time by using ACH to transfer funds between financial institutions.
• Save effort in pursuing receivables by collecting payments electronically with direct payment.

We love having you stop by, but we also know your time is valuable. Remote Deposit gives you the power to deposit checks from your workplace using a scanner and your computer.

• Eliminates trips to the bank and delays due to mailing deposits
• More efficient and potentially faster access to funds
• Eliminates the need to hold deposits
• Desktop scanner is easy to install and easy to use
• Extends deposit cutoff times
• Reduces preparation cost, no need to order deposit tickets

We would be glad to demonstrate this service to you in person. Please contact Treasury Services at 608.301.8655 to schedule your demo.

Another way to help protect your business accounts is Tokenized Enhanced Security, a unique, self-expiring identifier. This ID is required to perform many of the sensitive transactions and tasks within our Business Online Banking system.

Do you do business in the international arena? Park Bank is a local partner for your global financial needs. We use a network of correspondent banks to provide a wide array of services for international banking efficiently and securely:

• Currency exchange (spot and forward transactions)
• Foreign currency (bank notes) “ordered or redeemed”
• Foreign check conversion to U.S. dollars
• Foreign currency traveler’s checks
• International letters of credit
• Documentary collections
• Foreign draft issuance
• Foreign and domestic wire transfers, our online link to the Federal Reserve, lets us handle wires directly; domestic wire transfers give you same-day availability of funds to receiving bank accounts.

Don’t let unused funds sit idle! Our Zero Balance Accounts help you maximize funds and centralize control of your cash in one place. Here’s how it works:

• All funds are deposited into a central operating account.
• Additional accounts set up for payroll, petty cash, or other similar needs always maintain a zero balance; these are your ZBAs.
• Each day, the total for all checks presented against each ZBA is offset by a debit to the central operating account.
• Transfers from the central operating account to the subsidiary ZBAs are cross-referenced by account number on the bank statement.
• If you accidentally make a deposit to any of your ZBAs, the funds will be automatically transferred to the central operating account.

You can make business deposits after banking hours at most Park Bank locations. Deposits are secure and credited to your account on the next business day. Secure deposit bags are also available.