RMO Bank offers treasury management solutions for businesses that need advanced tools to manage cash flow, optimize liquidity, and control payments.
Key Treasury Features:
- Cash Concentration: Automatically sweep funds from multiple business accounts into a central account to maximize interest earnings and simplify management.
- Zero-Balance Accounting: Maintain subsidiary accounts that automatically draw from or deposit to a master account, keeping operational accounts at a target balance.
- Commercial ACH Origination: Initiate batch ACH payments and collections directly through MyRMO for payroll, vendor payments, and receivables.
- Wire Transfer Management: Send and receive domestic and international wires with enhanced controls, approvals, and reporting.
- Positive Pay: Protect against check fraud by verifying checks presented for payment against your issued check register.
- Lockbox Services: Accelerate receivables processing with dedicated remittance processing and same-day deposit of payments.
Who Is It For: Treasury products are typically suited for BizExpand and BizEnterprise checking account holders with complex cash management needs. Custom pricing is based on your business volume and specific service requirements.
To discuss treasury solutions, schedule an appointment through MyRMO or by calling us to speak with an Expert.