Cash Concentration is the perfect tool to maximize your business cash flow. Use Merchants Bank’s Cash Concentration to bring cash from multiple accounts and banks together into a central account so you can better manage it and put it to use. We use low-cost, electronic Automated Clearing House (ACH) transactions to consolidate your balances efficiently and cost effectively. 

How does Cash Concentration Work?

• Initiate Cash Concentration using Merchants Bank Commercial Online Banking. ACH transactions are created that automatically debit your outlying accounts and move the funds to your concentration account. 
  
• Funds in the main checking account are available for use.
  
• You can print detailed reporting on your concentration activity. 
  

Benefits of Cash Concentration

• Eliminate or reduce idle balances in outlying accounts; may also be used in conjunction with a Loan Sweep to minimize interest expense 
  
• Pooled cash maximizes overnight investment opportunities and reduces the need for short-term borrowing
  
• No more waiting for mail processing and float delays
  
• Save money by using lower-cost ACH transactions instead of wire transfers
  

Which businesses should use Cash Concentration?

Your business would benefit from using Cash Concentration if you:

• Have multiple locations, subsidiaries, branches, or lockbox locations depositing to accounts at multiple banks
  
• Are interested in increasing control over their cash resources
  
• Use available cash for overnight investment or daily loan pay down 
  

To get started, contact a Treasury Management Specialist or Commercial Banker. Discover the Merchants Bank difference.