For further information contact Treasury Management at (800) 272-1876 or email cashmgmt@mechbank.com.
Our Featured Products & Services:
|
Premium Business Checking
This Premium Business Analyzed Account allows for unlimited account activity; compensating balances may offset bank service charges in full or in part. Premium Business Checking customers will have the option of using our Treasury Management Direct View to access account information over the internet, at no additional fee.
Treasury Management Direct top
Treasury Management Direct offers you more ways to control finances with greater ease, accuracy and organization than ever before. It is accessible from a secured standard Web browser and requires no installed software. Treasury Management Direct lets you access balance and transaction information, initiate transactions and perform other cash management-related tasks without ever leaving your office.
Some of the features available through Treasury Management Direct are:
- Balance and Transaction Reporting
- ACH Origination
- Tax Payments
- Transfer Funds
- Payroll Transactions
- Wire Transfers
- Access Rights Control
Positive Pay -
Positive Pay is a service designed to reduce check fraud risk. Using the service, customers’ fraudulent checks may be intercepted before they clear business accounts.
Remote Deposit Capture top
Deposit Direct, our remote deposit capture solution, enables customers to scan checks and deposit items electronically from desktop to bank account. It reduces the need for mailing or delivering paper items, saves time and results in faster access to funds.
- Whether the business is in one office or multiple locations, customers can submit deposits 24/7
- Improve funds availability; most deposits are available and posted to the account the next business day.
- Real-time access to images of scanned check deposits
- Transaction reporting is available on the web in a variety of standard formats; upload the information to a receiveables system
For more information on Deposit Direct contact your Treasury Management officer at (800) 272-1876 or email cashmgmt@mechbank.com.
Lock Box Service top
Lockbox service is one of the fastest, most efficient ways to process receivables, and reduce float and remittance processing time. LBX Direct is our automated in-house lockbox program, designed for low to high volume remittance accounts. It receives, posts and deposits payment receipts for same day ledger credit. A receivables report with transaction detail for posting is sent to customers via e-mail, fax or U.S. mail.
Special LBX Direct services are available for the following:
- Home Owners Associations
- Property Management Companies
- Sanitation Companies
- Governmental Agencies
- Health Care Facilities
- Marinas
- Professional Service Companies
Business Market Rate Account top
The Mechanics Bank Business
Market Rate Account was developed to enhance our business
customers’ opportunity to maximize earned internet with a
premium rate on a Money Market Account as part of their
total banking relationship.
The Business Market Rate Account may be opened by meeting the
following criteria:
1. Open an analyzed business checking account and ...
2. Open a"paperless" Money Market Account with a minimum
opening deposit of $100,000 or more and ...
3. Use one or more business services offered by the Bank such as:
- Business Loan
- Treasury Management Services/Online Business Banking
- Investment Management and Trust Services
- Escrow Services
Earn Up to the 90-Day Treasury Bill Rate.
The Property Management Account top
The Property Management Solution Account is specifically designed so Property Management Companies can take advantage of high
Money Market rates by grouping their paperless Money Market Accounts to receive a cumulative rate.
Here’s What You Need:
- A Mechanics Bank analyzed business checking account
- A group of Mechanics Bank "paperless" Money Market accounts... while the accounts retain their individuality, they are grouped for
purposes of providing you with the highest eligible rate.
- Participation in The Mechanics Bank’s online banking service
Grouped Accounts Earn Up to the 90-Day Treasury Bill Rate.
Business Escrow Services top
The Mechanics Bank Business Escrow Services provide the personal and professional service required for business escrow. Acting as a third party, our Business Escrow Services objectively perform the duties under an escrow agreement, coordinate your entire escrow transaction process from beginning to end, and provide a sense of security to all parties involved. Our services include the following:
- Preparation and/or review of the escrow agreement and instructions
- Establish an escrow account as specified under the agreement
- Ensure escrow funding and disbursements as required
- Provide statements and reporting as required
- Prepare closing statement and escrow account reconciliation
- Comply with all escrow agent/depository duties required under escrow agreement
For more information contact Business Escrow Services at 1-800-933-6324 or click here.
Treasury Management Consulting Services top
The Mechanics Bank’s philosophy and commitment to personal, individualized service is the cornerstone of our banking mission and key to the Treasury Management department.
Our professional staff will guide you through our full range of flexible services and assist you in designing a custom program to minimize your paperwork, increase your efficiency, and reduce costs.
For more information on any of The Mechanics Bank’s Treasury Management services or to make an appointment with one of our Treasury Management Professionals, please call us at (510) 741-3583.
| 
