Cash Management

If your business needs a faster, more efficient way of conducting various transactions related to your bank account, then Cash Management products and services is for you. This state of the art technology is available to help meet the ever-changing needs of your company. It has the ability to link your business checking account, line of credit, and other services together so banking is safer, easier and faster for you, when time is so scarce in today's fast-paced business environment. Let our Cash Management expert partner with you and your business today, so together you can meet the challenges of tomorrow.

Automated Clearing House (ACH)

We utilize a processing and delivery system to help expedite the completion of your financial transactions. This product provides for the distribution and settlement of electronic credits and debits between financial institutions. The benefit of ACH is that you gain faster completion time with a paperless transaction.

Account Reconciliation

Our Account Reconciliation services saves you time and money by reducing the hours spent working on bookkeeping procedures while at the same time increasing the amount of control you have over your checking account. Also available with this service is Positive Pay, which provides you with daily access for verifying check payments and protects your account from fraudulent activity. Our service is easy-to-use and offers a variety of reporting options to meet your needs.

Direct Deposit

This service gives you the ability to automatically deposit payroll into your employees' personal checking or savings accounts whenever your pay period exists. The convenience of this product will help save time for both you and your employees.

Electronic Tax Service

Electronic Tax Service allows you to pay your taxes whether it's federal, state, or local taxes, conveniently. Choose from a variety of options that work best with your business. This service is secure, reliable and confidential. You can use a PIN (Personal Identification Number) and an access code to send your information.

Enhanced Account Analysis

Enhanced account analysis looks at your checking account in two ways. First, this service reviews the activities associated with all of your checking accounts. Based on these activities, service fees are determined. Second, the enhanced part of the analysis reviews the combined balances in all of your accounts for the purposes of giving credits back to your account, which will help to offset the fees resulting from the account analysis.

Laser Check Ordering

Prosperity Bank has partnered with Clarke American to bring you convenience in your check writing capabilities. With the online Laser Check Ordering system, you print your checks as you need them. You no longer need to keep track of the checkbook. Instead, you can enjoy the benefits of saving time with this convenient service and adding additional security to your financial transactions.

Repurchase Agreement Account

As we mentioned earlier, Cash Management services link both your checking account and line of credit for the purpose of bringing additional benefits to you and your company. One more benefit is the repurchase agreement. This account helps you to increase returns by automatically investing your excess checking account balances. Excess funds are automatically transferred each evening in $1,000 increments into an investment account. ** With the excess balance, the system first looks to pay down any existing balance on the line of credit. If none exists, then the system places funds in the overnight investment account. Funds will sweep back to the business checking account as needed from the repurchase agreement account. You receive an email daily to confirm the overnight investments in your account.

Wire Transfers

This service allows you the flexibility to create domestic or international wire transfers in United States currency. In setting up your service there are many options on how your funds are transferred through secure and confidential methods.

*Purchased investments are not FDIC insured.

Click here for additional information on our Cash Management product.