At United Republic Bank we tailor our products and services to meet individual relationship demands. The result is a relationship that is custom-designed for your success.
ACH Origination
Automated Clearing House (ACH) transactions are electronic debits and credits used to send or collect dollars from any financial institution in the United States .
Your business will realize greater operating efficiencies with this modern collection and payment method.
All transactions sent through ACH via the Federal Reserve today are received at their destination tomorrow.
ACH Credit Features:
- Reduces postage costs
- Ensures prompt payment of wages, pensions, and dividends
- Funds are available on the deposit date at the receiving financial institution and through automatic teller machines
ACH Debit Features:
- Improves cash flow forecasting
- Provides your business with a fixed schedule of charges to customer accounts
- Practically eliminates collection calls through arranged payment schedules
We provide Internet Banking and Cash Management that will allow you to develop and maintain a file of ACH transactions. This file is electronically delivered to the bank for processing through the Federal Reserve system, and transactions can deliver to any financial institution in the United States the next business day.
We can also set up recurring ACH transactions, allowing the files to be sent every week or month without any client input.
Cash Management
Cash Management (Online Business Banking) extends our bank into your office with services like Wire Transfers, ACH originations, and account inquiries.
Cash Management (Online Business Banking) Capabilities
- Account Inquiries
- History Searches
- Wire Transfers
- Make payments on your United Republic Bank loans
- Send payments to anyone in the U.S. (one-time payments or recurring)
- View check images
- ACH Origination
- Federal and State Tax Payments
- Stop Payment requests
- Transfer funds between accounts. Schedule recurring transfers.
You gain access to the same information available in the bank, all day long!
Business Credit Card
Business customers can apply for a VISA© Platinum business credit card, with the following features:
- Grace period on purchases, none on cash advances
- Travel insurance
- Travel & Emergency Assistance Service
- Warranty Manager Service
- Zero Fraud Liability
- Merchants around the world
- 24/7 account access
- Annual Summary Statement
- Annual Fee: Varies depending on rewards program
- Rewards Program Features:
- Earn one point for every dollar in retail purchases
- Variety of point redemption option
- Earn points for airline tickets, hotel stays, rental cars, cruises and vacation packages
- No blackout dates on airline tickets
- Secure online account access and points management
Lock Box Service
United Republic Bank Lock Box Service is a bookkeeping service for accounts receivables. It's almost like having a bank in your office. This service accelerates your company's cash flow by collecting your receivables at the post office, depositing the funds directly into your account at the bank, and providing you with the necessary information to update your receivable records. This is an excellent product for time and money management!
How it works:
- You bill your customers and direct them to send their payments to a Post Office Box controlled by United Republic Bank.
- Our bank messenger picks up the mail and delivers it to our Lock Box Department.
- The bank records the payments, endorses the checks, prepares the deposit and sends you the receipt, along with and customer correspondence, every business day.
- All documentation can be mailed to you, available for pick up or a courier service is available for an additional fee.
Advantages to your business:
- Reduce time between when you bill your customers and when you have the money to use.
- No personnel to hire and train for routine bank deposits.
- More immediate use of receivable funds for your business.
The process is efficient, dependable and saves both time and money.
Merchant Capture
No longer will you have to rush to the bank to make your daily deposit. With United Republic Bank's convenient Merchant Capture service, checks are deposited right from your desktop. No hassle, no waiting!
This new electronic check-clearing initiative helps improve cash flow by accelerating customer payments into deposits faster. It allows us to take the inefficiencies, costs and time associated with manual deposit processing, and replace it with a scanned image processing technology. What does this mean to you? Your valuable time is not spent traveling to and from the bank, allowing you to focus on growing your business.
Your business objectives to reduce costs, and improve cash flow are important. Let us show you how United Republic Bank's Merchant Capture can meet all your business needs.
Merchant Credit Card Program
Discover how easy it can be for your company to accept debit and credit cards for payment. We are always looking for ways to better serve our business customers. That's why we partner with PowerPay to provide merchant card processing.
We provide:
- Competitive rates for all types of merchants
- Program tailored to each merchant's unique needs
- Easy-to-read merchant statements
- Online access to your reporting information
- Immediate credit within two business days for VISA/MC transactions, 3-4 days for all others.
- Receive credit for 100% of all transactions and a monthly bill for your fees or the discounted amount, your choice.
- A wide variety of terminals and computer software is supported, including wireless and online terminals.
- Reasonable rates for your processing equipment, lease or buy, your choice! Or if you have equipment, it can be reprogrammed.
- 24/7 customer support
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