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Treasury Management

You need to spend more time running your business and less time managing your cash flow. With STAR Bank, we have a premier suite of business solutions designed to help you optimize your accounts receivable and payable functions. Whether it's payroll services, merchant processing or wire transfers, STAR offers innovative solutions that will benefit your business. It's all about creating and cultivating strong partnerships.

Business Banking Solutions:

 


ACH Origination

STAR has one of the most advanced Automated Clearing House (ACH) systems in the country. Our service allows customers to initiate and manage a wide variety of transactions quickly and conveniently. All you need is a STAR checking account and we'll take care of the rest. Businesses can use ACH services to automatically deposit payroll checks in employees' accounts, charge tenants for rent, charge membership dues and consolidate or disperse funds. Transfers can be made to any of the 15,000 banks, savings and loan institutions or credit unions that are members of the National Clearing House Association (NACHA). With ACH services, paperwork is reduced, cash flow is regulated and you and your employees make fewer trips to the bank.

Direct Deposit
Offers you the convenience to deposit net pay, reimbursements, commissions, retirement plan payments, pension benefits, dividends and other payments into the checking or savings accounts of employees, retirees and shareholders. Employees experience the convenience and security of uninterrupted, paperless payments while spending less time on personal banking.

Collections
With ACH Collections, you can electronically debit from your customers' account directly without paper invoicing or billing statements.

Payments
With ACH Payments, you can electronically pay vendors directly while tracking the funds and receipts.  

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Account Reconciliation Origination

Our Full and Partial Account Reconciliation service saves you time and money by automating many of your reconciliation activities and providing flexible reporting options to best suit your needs. 

  • Enjoy customized service. With optional reports, flexible sorting and subtotaling, and a variety of input and output media, you can easily adapt the account reconciliation ARP service to meet your company's operational needs. 
  • Reduce accounting costs. Because our dedicated posting and reconciliation systems perform many of your reconciliation tasks, you save time and labor expense. 
  • Increase cash control. Monitor the activity in all of your STAR checking accounts by setting up optional reports on a daily, weekly or semi-monthly schedule. 
  • Strengthen your internal controls. Unlike a regular checking account, all stop payment activity on your account is reported on your statement. And with Full ARP, all check transactions are reported back to you on your statement - whether voided, stopped or issued. 
  • Simplify deposit reconciling. Add Deposit Location Reporting to either your Full or Partial ARP account, with a tailored Deposit by Location report containing additional detail and summary deposit information also available. 
  • Utilize Account Archive and eliminate the need to store checks. 
  • Receive quick responses. Gain online access to more than 100 days of history for all posted transactions. 
  • Enjoy complete convenience. A change in your STAR account number is not required to start this service. 
  • Tie in Positive Pay with Full ARP for the ultimate in fraud protection.


Electronic Data Interchange

STAR can help you make the most of today's sophisticated data technology options. Our innovative and industry-leading electronic commerce, information reporting and other technology solutions will make your treasury management more efficient. At STAR, we will help you find the best solution for your business.

BAI-2 Format
Receive reconciliation data transmitted daily in this widely accepted standard format.

Text Files
Receive only the information that is important to you with customized files for your reconciliation process.

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Equipment Leasing

STAR provides a variety of business leasing services that make good business sense. You get the equipment you need now, and you preserve your capital. STAR can structure your: 

  • Lease Line of Credit 
  • Operating Lease 
  • Finance Lease
  • Sale Lease Back 

Learn More

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ExpressWay Pay Card

Offer your employees the convenience of a checking account without the worry of overdrafts. These reloadable cards do not require credit and offer cash access at ATMs, plus purchasing power at MasterCard® merchant sites.

Learn More

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Lockbox

Lockbox is one of the most beneficial cash management tools for companies that accept large volumes of payments because it's fast, accurate and flexible. Companies of all sizes use this state-of-the-art remittance processing system to optimize mail payment processing and to improve the flow of information. With our online browser, electronic images of checks and remittance documents can be viewed by you or your designated employee online.

If timely collection of payments is critical to your business, contact a STAR business banker to see how a comprehensive, flexible remittance banking service can substantially streamline your accounts receivable function.

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Merchant Processing

Give your customers the convenience paying by debit or credit card while your business grows. Merchant Card Processing enables you to accept debit or credit cards online or at point of sale. Your business can accept credit and debit cards from MasterCard® and Visa®, with the option of adding Discover®, American Express® and Diners Club®.

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Online Banking

When you run a business, every minute counts. STAR's business online banking and cash management will enable you to manage finances, transfer funds, pay bills, set user permissions and more from the convenience of your computer. Online Banking is easy to use and you can:

  • View accounts
  • View current transactions
  • Transfer funds
  • Send wires
  • Set up stop payments
  • Make loan payments
  • Check deposit and loan account interest rates
  • Originate ACH items
  • Download information to various popular software formats
  • Set up a payment schedule to automatically pay bills

Learn More

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Payroll

Payroll Services
Lower payment-processing costs, improve cash control and increase employee satisfaction by offering time-saving benefits, like direct deposit and other electronic services. Take the inconvenience out of payroll. Reduce time and money spent generating paper checks for your employee payroll. We work with all third party processors. 

Direct Deposit
Payroll Direct Deposit, part of STAR's Business Online Banking, is used by many employers to pay employees by directly depositing payroll funds into each employee’s personal account.

  • Save considerable expense when compared to paying by check.
  • Reduces lost check exposure, risk of fraudulent activity, stop payment, and check reissue expenses.
  • Offers your employees the convenience of making their funds available on regular pay schedules even during vacations, illnesses, etc.

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Positive Pay

Managing check fraud risk is increasingly important to today's treasury managers. Through the combination of our Account Reconciliation Plan and Positive Pay service, we offer effective solutions to manage the business world's fastest growing financial risk — check fraud. We match your check issue information with data captured from the checks presented for payment against your account. 

Benefits include:

  • Avoid reputational risk associated with fraudulent checks created with your company's identity
  • Steer clear of the potential burden of recovering from an identity theft event
  • Reduced exposure to fraud. Identify unauthorized transactions-including counterfeit or altered checks-before final payment.
  • Rest assured that Positive Pay at the teller counter of every STAR banking center helps protect against over-the-counter encashment of unauthorized items
  • Experience easy integration with integrated account reconciliation  
  • Flexible transmission options including direct transmission and ARP Register maintenance

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Remote Deposit Capture

Having a bank within your business is now possible with Bank Within™, the Remote Deposit Capture (RDC) system from STAR. The benefits of Bank Within are tremendous, including:

  • No more driving to the bank to make a deposit.
  • Maximize your cash flow, security and efficiency.
  • Deposit to any of your STAR Bank accounts.
  • Review deposit history per customer.
  • Recall deposited check images.
  • It’s fast and simple to use.


RDC may not be right for all businesses. That's why Bank Within™ features RightEval™, the no charge consultative process that helps you decide if RDC fits your situation. And Bank Within™ offers many features you won't find with other remote deposit capture systems including ContinuSure™, the automatic follow-up process that assures your company is utilizing Bank Within™ without difficulty.

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Sweep Accounts

Simplify. What if all of your account automatically deposited into one account...without having to keep a eye on them? STAR offers a variety of sweep options that will help you manage your assets.

Sweep to Line of Credit
STAR's Sweep to Line service helps optimize your day-to-day cash management by establishing an automated link between your business checking account and your line of credit. The Sweep to Line service automatically keeps your commercial checking account at the target balance you select and pays down or advances funds from your line of credit to meet daily cash needs.

Benefits include:

  • Maximum cost savings and convenience
  • Complete automation
  • Superior account reporting

STAR Investment Sweep Account
Collected balances are swept daily into an overnight repurchase agreement. Your selected target balance is maintained while excess funds are earning a competitive rate of interest.

Mutual Fund Sweep Account 
Collected balances are swept daily into Invesco Triple A rated Money Market Mutual Funds. Your target balance is maintained while excess funds are invested in market rate mutual funds.

Zero Balance Account (ZBA)
After deposits and checks are presented for the day, an automatic transfer initiates, sweeping excess funds to or pulling funds from a master account to restore all sub-accounts to a zero balance. It is a cost-effective way to concentrate deposits and fund disbursements by establishing subaccounts and target balances for each account.

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Wire Transfers

Wires are a safe, convenient and easy way to transfer funds quickly. The use of the Federal Reserve System allows for immediate access to funds.  Enjoy faster, simpler and more convenient processing of same-day and future-dated domestic and foreign wire payments. STAR's Wire Transfer service lets you: 

  • Send wires in US dollars or foreign currencies with real-time exchange rates 
  • Create multiple wires and initiate them with just a single click 
  • Approve or reject multiple wires from a summary view of your pending wires
  • Limit user access and also by amount
  • Create templates with pre-authorized, pre-defined instructions or use a freeform transfer 


International Wires
If you are seeking a resource to expedite the collection of international monies, looking to expand your international presence or simply thinking about getting into the international market…STAR can help. 

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Additional Options

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