Certificate of Deposit Account Registry Services (CDARS)
- CDARs offer the opportunity to maintain full coverage on CDs with balances over single FDIC institution limits.
Insured Cash Sweeps
- Earn interest, maintain FDIC coverage and retain liquidity of excess funds from your FVCbank checking or money market account. Excess funds automatically sweep into the security of participating FDIC insured United States financial institutions. Sweeping your excess funds allows you to maintain each account balance within the FDIC insurance coverage limit of $250,000.00. With ICS, you have the convenience of up to six program withdrawals per month.
Remote Deposit Capture
- Deposit checks from your office 24/7
- Eliminates daily trips to the bank
- Expedite check processing
- Faster access to funds
- Transparent reporting with detailed deposit and image reports
Armored Courier Service
- Accelerated cash availability due to same-day or next-day credit
- Reduced vulnerability to counterfeit money
- Increased security, reduced likelihood of theft
- Save staff time and money running to the bank branch
- Safely retain significant sums of cash awaiting deposit
Automated Clearing House (ACH)
- Accelerate accounts payable process and reduce costs by eliminating paper checks
- Accelerate and reduce cost of accounts receivable process by eliminating bill preparation and postage expense
- Accelerate collection of congregation pledge and program payments
- Reduce payroll processing expenses
- Reduce delinquent payments and late-billing procedures
- Reduce possibility of check fraud with Positive Pay
Merchant Card Services
- Accelerate cash flow and increase revenue by accepting credit or debit card payments
- Allows members to pay using their preferred method
- Reducestime spent with paperwork
Online Banking/Mobile Banking
- Save time—easily view or print account activity via secure Web access.
- Reduce risk—secure two-way data transmission and various employee access levels
- Make better decisions with 24/7 online availability of current information
- Save time—easily generate reports
- Feed information to your accounting software
- Save trips to the bank for initiating many types of transactions, including internal balance transfers
Lines of Credit
- Enables operations to continue during periods of slow receivables
- Interest charged only on the credit used
Sweep Services
- Save time—eliminate time spent transferring excess funds
- Increase earning power of idle balances when funds are invested
- Reduce interest expense when funds are used to pay down Line of Credit
Explore our faith-based banking solutions and start taking advantage of the benefits today! Contact one of our representatives today at 703.436.4740 or online.
