Cash Management

Cash Management Services and Operating Accounts

Cash management services designed to control and monitor cashflows.

Electronic banking.

Pago a proveedores.

Cuentas de recaudo de exportaciones.

Accounts in foreign currency (21 currencies).

Deposits

Deposit accounts that allow to invest and maximize the use of cashflows.

Temporary cash investments and sweep accounts

Time deposits.

Money Market Accounts.

Overnight Investments.*

* This account is not covered or guaranteed by the FDIC (Federal Deposit Insurance Corporation).

Remote Deposit Capture

Online deposit system that enables customers to deposit checks into their BAC Florida Bank account, directly from their office or business location, without having to present the checks physically at the bank. Check images are scanned and a digital computer image is transmitted to the bank as part of a deposit.

Features

  • Free equipment.
  • Elimination of transportation costs and risks.
  • Shorter availability of funds.
  • Processing of deposits from the convenience of the office.
  • Free installation and training.
  • Secure platform transaction.
  • Fees to be arranged with the account officer.

Positive Pay Services

Positive Pay helps prevent check fraud by means of a digital confirmation of checks presented for payment. When used together with a highly secure check, Positive Pay can dramatically cut fraud losses.

Domestic and Foreign Wire Transfers

We offer the standard processing of domestic and international, outgoing and incoming wire transfers.

Features

  • Fast service.
  • Secure process through "call back" procedures
  • Competitive fees.

Cash Letter Services

Free daily pick-up of deposits of U.S. Dollars can be arranged. In addition we offer our service of remote deposit capture which allows the processing of deposits via imaging from the convenience of the office. Please refer to remote deposit capture under Cash Management for more details. Deposits received at our main office before 2:00 p.m. EDT are credited to your account on the same day.

Foreign Exchange Online (FX Online)

FX Online is a global, comprehensive and multicurrency web-based platform. It is designed to satisfy the international payment needs of corporate customers who trade and deal with different currencies other than the US American Dollar.

Features

  • 21 currencies available.
  • Consolidate all international payments in foreign currencies in one system.
  • Maintain deposits in foreign currencies.
  • Save on foreign currencies exchange costs. Incoming funds can be retained in that currency and be used for outgoing payments.
  • View, print and download statements.

DISCLOSURE

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT - To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.