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Effective cash management requires a strategic approach to handling payables and access to innovative payment solutions. Our disbursement services will keep funds working on your behalf for as long as possible, while helping you control administrative costs. We offer the following services to help simplify payments to suppliers and employees:
Electronic Payments
U.S. Bank ACH Services
ACH is an efficient and secure method of sending electronic payments to your vendors. U.S. Bank offers many options for sending ACH transactions, including direct transmission, service bureau and our exclusive PC-based ACH transaction-initiation software. Our ACH software offers greater control over direct deposit of payroll, payments to vendors, employees tax payments and many other payments. Your cost for collection processing will be reduced, security will be improved, and cash will be managed for utmost productivity. Additionally, your company will reduce paper processing, check storage and account reconcilement costs by initiating ACH payments through a PC.
U.S. Bank Wire Services
In addition to speed, when moving large dollar amounts from bank to bank in the U.S. and abroad, U.S. Bank's Wire Services offers heightened security and impeccable accuracy. We offer a variety of options, including telephone, mainframe and PC, to initiate wire payments, enabling you to better manage cash flow.
U.S. Bank Credit Cards
U.S. Bank Visa Business Card offers detailed transaction reporting and expense tracking. You can also manage your business expenses and earn rewards at the same time with the WorldPerks Visa Business Card.
U.S. Bank EasyTaxSM
For automatic tax disbursements to the federal government and to all state revenue departments throughout the nation, U.S. Bank's electronic EasyTax tax payment service provides clear advantages. With this fully compliant EFTPS option, you gain control over tax payment transactions, plus you receive payment confirmation. These options are not available with other payment methods.
Check Payments
U.S. Bank Zero Balance Account
Monitoring multiple checking accounts can be difficult. Furthermore, idle balances in accounts may represent unproductive funds. U.S. Bank has an ideal solution. With our Zero Balance Account (ZBA), funds are automatically transferred out of second-tier ZBA accounts at the end of each day to your central concentration account. ZBA account balances are brought to zero. Control of disbursements is centralized, staff time and operating expenses associated with multiple accounts are reduced and funds are more readily available for use.
Global Payments
To make international payments, you need reliable methods that deliver payments on time and avoid currency-related delays. You also need access to timely reports that detail your transactions. U.S. Bank's Global Payment offerings, including foreign currency drafts, international wire transfer and other products, provide the solutions you need. Our experience in handling international payments for our customers is broad and varied. Put it to work for you.
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