Business Treasury Service options.
As part of our focus of making a positive impact in Michigan communities, we support new and established entrepreneurs in our state through educational opportunities, access to resources, and contributions to business incubator spaces. We also help small business owners reach their financial potential by listening, planning, and walking on the journey of life and entrepreneurship together.
At Lake Trust, we offer four Treasury Service options: Remote deposit capture, ACH origination, wire transfer service, and Positive Pay fraud monitoring.
Deposit checks with remote deposit.
If you frequently receive checks for deposit from customers, clients, or tenants, then remote deposit capture could be an essential tool to helping you increase efficiency. With the ability to deposit checks right to your business account using a desktop check scanner, you can save a trip to a Lake Trust branch and deposit funds to your account faster to use for business expenses. And you can easily access check copies and deposit detail reports within Business Online Banking.
Send and receive payments with ACH origination.
For an easy way to electronically send and receive funds, you may find ACH origination helpful. This Treasury Service gives you the ability to pay employees through direct deposit or payroll, pay business taxes, pay company vendors, and more. You’ll save on the number of checks your business uses and improve cash flow by reducing amount of time between collecting funds and depositing them. Like remote deposit capture, you’ll also save time by reducing your trips to a Lake Trust branch. And with the ability to create templates for recurring payments, you can send funds in just a few minutes.
Learn more about the benefits of Treasury Services.
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Easily send funds with wire transfer service.
If you often need to send or receive high-dollar funds in your business account, you might want to consider adding wire transfer service to your account. This option allows you to securely send funds domestically or internationally right from Business Online Banking. Transactions are usually processed the same day, making this a good option if you need to send time-sensitive funds. This Treasury Service is secure and easy to use, and it can help you save a trip to your local branch.
Rest easy with Positive Pay fraud monitoring.
Though Lake Trust has a robust fraud monitoring system in place, you might be interested in adding an additional layer of security to your business account to protect your funds from ACH and check fraud. Positive Pay can protect against check fraud by blocking transactions on your account if you’ve designated it as an electronic-only account. If you use checks, you can also upload a file with information about recent checks written from your business account. As these checks attempt to clear your account, Positive Pay will verify that the check amount, payee, and date matches your records. In addition, you can set filters and blocks on ACH debits and credits from your account to ensure that only transactions that you authorized clear your account.
Positive Pay also allows you to set up personalized alerts on your account, giving you additional peace of mind.
Let's work together.
If you’re interested in adding any of the Treasury Services above to your business account at Lake Trust, just fill out our business contact us form and one of our Treasury Management Solutions Specialists will reach out to you. You can also give us a call at 888.267.7200 or stop by any branch and we can help you. Our team can help you determine which Treasury Services are right for your account and discuss pricing for each option. Let’s work together to help your business thrive.