Deposit & Treasury
LCNB's Business Cash Management is an online tool that gives any size business the tools necessary to maximize the efficiencies of effective cash management. LCNB has captured the ability to securely provide an internet based application that can help you with ongoing tasks such as account reconciliation, electronic payments or deposit processing through ACH, wire transfers and a positive pay service to help prevent check fraud.
LCNB's Business Cash Management is a secure module built into our LCNB On-Line product. This module allows businesses to create individual users in which you the business control the users and their level of security and abilities and authorizations.
The module is divided into three separate services. You can mix and match these services or use all three. They include Wires, ACH and Positive Play.
Positive Pay Service
Positive Pay is an additional service in the Cash Management family that helps you to reduce possible check fraud. Positive Pay provides you the ability to upload a file from your accounts payable software and match the check information to what is presented to LCNB for payment. You have the flexiblity of returning checks that become an exception item due to mismatched information. This helps protect your account and your funds against forgeries, alterations and counterfeit checks.
LCNB's Cash Management is available 24/7*** and once the setup is complete and the users have been crated, any of these services can be performed*** anytime, anywhere from any internet accessible work station.
*** LCNB Cash Management service may be down for brief periods for updating and maintenance. Any planned downtime will be indicated as a notification on the log in page of LCNB On-Line.
LCNB's Cash Management is very cost effective and user friendly and will help any size business continue down the road to success.
Effectively and efficiently managing your business is and can be very resource consuming. Let LCNB's Business Cash Management assist you today by providing you with the proper electronic tools to help you have more direct control over your funds and assist in your success.
For more information including fees and how to get signed up today, please contact an LCNB Branch Manager or Sales Rep today.
The wire service of LCNB's Business Cash Management allows you to manage your funds by having the ability to create and process any repetitive* wires for anywhere in the world. Being able to wire funds will help you expedite payment quicker and more effeciently.
* Repetitive wires are wires in which the wire information remains the same and only the dollar amount changes on a regular basis.
The ACH service included in the module provides you the opportunity to streamline your cash management even more. ACH is a safe, secure and easy way to process electronic payments and deposits. These types of transactions include direct deposit of payroll, payment of State and Federal Taxes**, child support payments, collect membership fees, collect donations and tithes and help with cash concentration.
ACH is an effective and efficient method of processing otherwise costly transactions.
Cost savings include but not limited to:
• Elimination trips to the bank.
• Saving time and expense with payroll processing including reducing expensive check stock.
• Saving time with check reconcilement.
** In order to process State or Federal taxes, you must be enrolled with the tax collecting agency to be able to process taxes electronically as ACH.