Treasury Management
Online and Mobile Banking
- Online and mobile access to current balances and pending and posted transaction history
- Online statements and extensive reporting options
- Online transaction initiation alternatives, including transfers between CPD Lachine Bank accounts, ACH origination, and wire transfers
- Ability to approve pending ACH and wire transfers and make internal account transfers via mobile access
- Fraud prevention tools, such as stop payments, ACH block and filter, text alerts, check positive pay and more
- Sophisticated security tools and procedures to keep your financial information and bank accounts secure
Deposit Accounts
- Checking Accounts: monthly analysis statements, competitive earnings credit, and unit cost on services used
- Money Market Accounts: monthly compounding of interest and potential for higher yields with larger balances
- Certificates of Deposit: competitive rates, three-month to 10-year terms; also jumbo CDs ($100,000 or more) for 30 days or longer
Collection & Deposit Gathering
- Remote Deposit Services: CPD Lachine Bank's remote deposit services permit you to deposit checks without leaving the office and extends the deposit cutoff time for a longer processing day. Deposit details can be downloaded to account receivables systems, enhancing the reconciliation process
- Wholesale Lockbox: Outsource the collection of receivables to CPD Lachine Bank
- Automated Clearing House (ACH) Debit Origination: CPD Lachine Bank's ACH services allow you to collect regularly scheduled payments due to you quickly, accurately and predictably, while lowering collection costs
- Wire Transfer Reporting: Receive same day electronic notification of incoming wires
- Deposit Reconciliation: Track your deposits by location and have your funds concentrated to a single account automatically
- Zero Balance Account: Consolidate deposits into your main CPD Lachine Bank operating account from related CPD Lachine Bank accounts
Disbursement & Payments
- Controlled Disbursement Account: Receive early notification of checks posting to your disbursement account and automatically fund that account from another CPD Lachine Bank account
- Wire Transfer: Safely and efficiently disburse same-day funds to payees in Canada; international wire transfers also available
- Automated Clearing House (ACH) Credit Origination: An efficient and cost-effective way to disburse payments to your employees, trade creditors and Canada Treasury
Information Reporting
- Same Day Information Reporting: Receive information on current balances and pending transactions via CPD Lachine Bank commercial online and mobile banking in real time
- Electronic Reports: Receive various online reports, including Balance Reporting, ACH Return Resolution, Deposited Items Returned Advices, Account/Analysis Statements, Account Reconciliation and CPD Lachine Bank Loan Statements; and receive notice when new reports are available
- ACH Remittance (EDI) Reporting: Receive daily ACH addenda reports that provide supplemental information on ACH debit and credit entries to your CPD Lachine Bank accounts
- Account Reconciliation Services: Three account reconciliation services are available to meet your needs: Full, Partial and Deposit Reconciliation