Commercial Treasury Management
At Progressive Bank, we offer a wide range of affordable Treasury Management solutions to take the worry out of managing your cash flow. From paying your employees, to remote check deposits and beyond, we have secure and convenient solutions for every business need.
Business Online Banking
Our Business Online Banking services give you immediate access to your accounts from anywhere.
With our ACH (Automated Clearing House) Services, you can safely and efficiently pay or collect money electronically while eliminating losses from check fraud, reducing costly check stock, reducing processing and collection costs and time, and eliminating check-writing errors that may delay processing.
Commonly Used Services
Offer your customers an array of secure, convenient payment choices and run your business from anywhere. Accept all forms of payment from cards to cash through our merchant partner with a suite of payment solutions featuring multi-layered security, data analytics to help you understand and grow your business, and smartphone and tablet integration to meet your customer where they want to do business with you.
Scan checks and electronically deposit them from the comfort of any of your locations 24/7, expediting deposit availability. Eliminate the time and hassle of completing deposit tickets, balancing items, and making trips to the bank. Our online repository stores check images and gives you full access to all check and deposit details right from our Business Online Banking platform.
Reduce fraud exposure and save yourself time and expense with Positive Pay. This automated fraud detection tool checks both automated items and items presented in our branches against a list of items previously authorized and issued by your company. Items coming through your account much match those parameters or will be researched and decisioned before they are paid. Positive Pay helps you identify unauthorized and counterfeit transactions before they become losses.
These Sweep Services ensure that there are no idle balances in your business accounts. An Investment Sweep allows commercial customers to have excess funds in an operating account automatically transferred into an investment account administered by the bank's Investments Department. And, a Credit Line Sweep allows commercial customers to have excess funds in an operating account automatically transferred to pay on their lines of credit. The Credit Line Sweep can also work in the opposite direction and act as a means to transfer available funds from the credit line to the operating account.
Our Zero Balance Accounts (ZBAs) provide commercial customers more efficient use of their checking dollars. With ZBAs, one or more subsidiary accounts are tied to a master account. At the close of each business day, the subsidiary account disbursements and deposits are totaled. Funds are then transferred to or from the master account as needed to bring the subsidiary account to a zero balance.