Treasury Management
Quick Links for Current Customers
How to Get Started
To learn more about Community Bank’s Treasury Management Services or to sign up today, contact your local Community Bank Branch or the Treasury Management Specialists at 724-966-3222 or email CBTreasuryManagement@communitybank.tv
Internet Banking Plus+
Community Bank’s secure and reliable Internet Banking Plus+ service provides account and information management 24 hours a day, 7 days a week.
Examples of Internet Banking Plus+ services include:
- Mobile and Online account access
- View deposit balances and transaction history
- View loan balances and transaction history
- View check images
- Initiate ACH and Wire Transfers
- Initiate Stop Payments
- Bill Payment services
Contact your local Community Bank Branch or the Treasury Management Specialists at 724-966-3222 or email CBTreasuryManagement@communitybank.tv
NACHA Operating Rule Changes Effective Starting March 20, 2020
March 20, 2020
Same Day ACH per Transaction Increases to $100,000
The Rule increases the Same Day ACH transaction dollar limit from $25,000 to $100,000. Both Same Day ACH credits and Same Day ACH debits will be eligible for same day processing up to $100,000 per transaction limit.
April 1, 2020
New R11 Will Differentiate Unauthorized Return Reasons
Rule to better differentiate unauthorized return reasons goes into effect. Up until this time, return reason R10 with the description of “Unauthorized” has been a catch-all for various types of ACH debit returns including those when the originator has made an error. R11, a re-purposed reason will going forward have the description of “Customer Advises Entry Not In Accordance with the Terms of the Authorization”. R11 will be used to return an ACH entry when a receiving financial institution receives a claim from their account holder that the ACH entry has an error such as the wrong date or the incorrect amount. R11 will have the same 60-day extended return time frame and requirement for a Written Statement as with R10 and the sender of the ACH debit will not be required to obtain a new authorization if the error is corrected. R11 returns will be covered by the Unauthorized Entry Return Rate reporting requirement as with R10 returns. The Unauthorized Entry Fee for R11 returns will take effect on April 1, 2021.
June – Supplementing Data Security Requirements for Large Originators, Third-Party Service Providers (TPSPs) and Third-Party Senders (TPSs)
This change to the Rules is intended to enhance quality and improve risk management within the ACH Network by supplementing the existing account information security requirements for large-volume Originators and Third-Parties. Participants are required to protect deposit account information collected for or used in creating ACH transactions by rendering it unreadable when it is stored electronically.
This change will be implemented in two phases:
- Phase one. The rule initially applies to ACH originators, TPSPs and TPSs with ACH volume of 6 million transactions or greater annually. An ACH originator, TPSP or TPS that originated 6 million or more ACH transactions in calendar year 2019 would need to be compliant by June 30, 2020.
- The second phase would apply to ACH originators, TPSPs and TPSs with ACH volume of 2 million transactions or greater annually in the 2020 calendar year and compliance is required by June 30, 2021.
See Additional Changes Coming Soon
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Merchant Services
Credit card processing is an integral part of a company’s day-to-day activities. With the increase of credit card issuance, the need for merchants to accept MasterCard/VISA has never been greater.
Community Bank offers credit card, debit card, check processing, and support of Point of Sale systems for merchants who want to grow.
Companies who use Community Bank’s Merchant Services Program will receive a review of current costs, a free cost analysis, a local reference list, education on Community Bank’s products and services, and local support and service. Community Bank offers ongoing personal support, as well as highly competitive discount rates and equipment costs.
The Merchant Service Program is a fast and simple operation with programs designed for specific industries with customized programs for:
- Restaurants
- Health Care
- Auto Industry
- Point of sale systems
- Internet based programs
- Utilities
- Schools and Universities
- Wireless
- Supermarkets
- Mail/Phone
- Processing services include VISA, MasterCard, Discover, American Express, PIN Debit, Private Label and Gift Card and Check Guarantee
Contact your local Community Bank Branch or the Treasury Management Specialists at 724-966-3222 or email CBTreasuryManagement@communitybank.tv
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Remote Deposit Capture
The Convenient Way to Manage Your Deposits.
Take advantage of the convenient Remote Deposit Capture services at Community Bank to expedite your check depositing processes.
With our Remote Deposit Capture, clients can easily scan checks, capture images, MICR and other data, and securely transmit a digital deposit to Community Bank- eliminating the need to physically transport checks.
Almost any business that accepts checks for payment can benefit from Community Bank’s Remote Deposit Capture services:
- Manufacturers and distributors in all types of industries
- Real estate property management firms
- Health care providers - physician offices and hospitals
- Financial companies- insurance and brokerage firms
- Utilities
- Government entities and other tax collection agencies
How You Can Benefit
- Convenience-Funds can be deposited into your Community Bank business checking account quickly and easily without ever leaving the safety and security of your office.
- Accelerated Funds Availability-Deposits can be delivered to Community Bank sooner, giving you quicker access to your money.
- Extended Deposit Window - Make deposits after traditional banking hours and on weekends. In addition, weather and transportation issues no longer slow down your check deposits.
- Reduced Deposit Preparation Costs- Manual deposits preparation time is eliminated, and research time and storage is reduced through the use of stored digital images.
- Streamline Operations- Consolidate regional or nationwide deposits into a single account, thereby reducing deposit collection costs. Consequently, courier expenses associated with check deposits are dramatically reduced or eliminated entirely.
- Reduced Risk of Fraud- Accelerated check clearing allows returned items to be identified sooner, thus enhancing the collection process.
Features
- Tracking - The entire clearing and deposit process can be viewed on line.
- Archiving - Check images are archived and easily available for retrieval and viewing.
- Reporting - Management reports can be created to help streamline cash management functions.
How It Works
- It’s easy to get started with Community Bank’s Remote Deposit Capture services. All you need are a computer with an internet connection, a small desktop check scanner and our internet based application.
- Checks are passed through the check scanner which creates a digital image of the check.
- The image file is transmitted through a secure encrypted internet connection to Community Bank for clearing.
- Cleared funds are quickly deposited into your Community Bank business checking account.
Contact your local Community Bank Branch or the Treasury Management Specialists at 724-966-3222 or email CBTreasuryManagement@communitybank.tv
Learn More
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Wire Transfers, ACH / Electronic Payment Services
Community Bank offers wire transfers and ACH/Electronic payment services that are secure, convenient and easy to use
These services allow our business customers to:
- Wire money safely around the world
- Set up electronic drafts or credit transfers to or from your account
- “Paperless” way to pay bills
Contact your local Community Bank Branch or the Treasury Management Specialists at 724-966-3222 or email CBTreasuryManagement@communitybank.tv
International Wire Instructions
Domestic Wire Instructions
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