Knowing where your funds are and where they’re going is one of the most important aspects of your company. Our corporate services specialists work with you and your relationship manager to review your unique business needs and identify the services needed to streamline your operations and improve cash management.

Cash Management Services
Creating cash management solutions to make your money work harder.

Cash Management Solutions1
What cash management services do you need to run your company at peak efficiency? The best way to find out is to talk with one of our specialists. We’ll help you determine exactly what you need to maximize your cash management while minimizing the costs. For more information on Central Bank’s Cash Management Services, contact a Cash Management Officer at 859-253-8133 or 859-253-6368, or contact your Relationship Manager.
Commercial Online Banking Features
Commercial Online Banking provides a wealth of valuable and convenient features. Please call corporate services at 859-253-6368 for pricing information. With this version you can:
View deposits and loan account balances and activity
Receive eStatements
Access check and deposit images
Initiate stop payment orders and view history
Pay Central Bank loans
Provide multiple-user access
Receive business alerts
Choose dual-control option
Perform BAI exports
Report cash positions
Access and use Business Bill Pay to easily manage your business's bill payments
Download Central Business Mobile app to view daily, deposit checks and more while on the go
Originate ACH payments and wire requests
Features & Benefits
General
Users can be set up with rights to create, edit or release/approve ACH files; dual control may be established for any of these functions with company and User limits
Release of funds protected with the use of a Security Token
Build database templates, import NACHA files or direct file transfers
Reports available with 45 days of history
Central Business Mobile app gives you access to view daily activity, initiate transfers, approve the release of funds and deposit checks on the go
Commercial Online Banking Alerts notifies Users with approval/release rights of pending ACH that require action
ACH Payments Module
Use payroll direct deposit for employee wages, pay vendors and suppliers, send dividends or interest payments and even fund satellite bank accounts
Eliminate the time and expense of mailing checks
ACH Collections Module
Electronic payment collection for dues, donations, tuition and vendor payments
Control collection timing of your receivable payments and eliminate mail and delivery delays
Tax Payment Module
Federal Tax Payment templates
State Tax Payment templates for any state where you do business
Features & Benefits
Eliminate time wasted driving to the bank while improving employee safety and limiting company liability
Two scanner options available to fit your company’s needs: single-feed or multi-feed
Accelerate cash flow by depositing checks faster and more often
Create customized fields to export into a file to upload payment data into your accounts receivable system
Extensive reporting and research capabilities (180-day history)
Streamlined workflow processes with multilayered security guards against operator error, including duplicate-check detection
Receive same-day credit for deposits with extended cut-off times of 7 p.m. ET
Local support and service
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Features & Benefits
Manages all interaction and eliminates the need to install software through secure online interface
Notifies you automatically when check exception items or ACH activity are presented
Alerts you when unauthorized ACH activity occurs
Provides online exception management that allows you to make pay-or-return decisions online for both checks and ACH
Integrates with Central Bank's teller system to provide an additional front-line defense against check fraud
Allows you to view images of exception items via check-image integration
Eliminates manual intervention of submitted check files via automated processing of submitted check files
Quick Reference Guides
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Features & Benefits
Incoming Wire Transfers
View incoming wire transfers online within Commercial Online Banking current-day activity
Manual Outgoing Wire Options
In person at any Banking Center
Mail, fax or telephone your request to your Relationship Manager or directly to our Funds Management team (requires an executed wire agreement & PIN validation)
Standing wire orders or wire drawdown requests
All non-USD international wire orders
Commercial Online Banking Outgoing Wire Module
Initiate same-day domestic and USD international wire transfers until 4 p.m.
Set up wire templates for recurring and semi-recurring domestic and USD international wire orders
Future-date wire transfer orders
Your company administrator may establish dual control for wire transfer users to create, edit or release funds
Users granted the ability to approve/release wire transfers must use a security token in addition to their login credentials
Commercial Online Banking alerts notify users with Approval/Release rights of pending wires that require action
Features & Benefits
General
Your remittances are picked up at the Post Office each business day, opened, sorted and processed per your specifications
Lexington Post Office Box provides your customers with a Kentucky remittance address
Checks are deposited, remittance documents and nonpayment documents are imaged and reports are prepared
View images of completed work online with our Web Lockbox service
Items are imaged, endorsed and assigned tracing and identification numbers to ensure proper audit trail and to expedite item retrieval and reconstruction
Wholesale Lockbox
Typically low-volume/high-dollar remittance payment
Imaging of check and remittance documents
Imaging of correspondence and/or envelopes
Customized sorts and subtotals by payment type such as personal, insurance or business
Manual keying of payment details
Custom reporting and file format
Lockbox Remittance processing is completed daily by 3 p.m.
Retail Lockbox
Typically high volume/low dollar remittance payments
Remittance document is standard size with scanline containing critical remittance information
Reporting and capture specifications must be reviewed, and implementation and service pricing will be quoted
Retail Lockbox automated processing with OCR capture of remittance data (consult with your Cash Management Officer for project assessment)
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Features & Benefits
Receive daily reports with detailed information on payments received via ACH
All payment detail information, such as invoices and purchase orders, included with the ACH transaction is provided to you
Paper or electronic reporting options
Email notification any business day when electronic activity is presented
Streamline account reconciliation process
Reduce the cost of processing paper invoices
Reduces errors that result from manual processing
Features & Benefits
Eliminate the time and expense of driving to your local banking center
Reduce the responsibility and risk of sending an employee to the bank with approved cash limits and checks
Same-day credit for deposits received at the banking center by 3:30 p.m.
Courier drivers are bonded
Fees will be quoted based upon distance and pick-up schedule
Sweep Options
Money Market Sweep
Earn interest on account balances by linking your noninterest-bearing checking to automatically sweep excess funds to and from your Money Market Account. When the collected balance in the checking account exceeds the maximum checking balance level, funds above that level are swept automatically into the money market account. If the checking balance falls below zero, funds from the Money Market Account are swept back to your checking account.
Features & Benefits
Reduce the time spent monitoring cash flow and manually transferring funds
Establish a target balance based upon your daily checking account balance and activity
Unlimited transfers from your checking account to your Money Market Account
Six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or other similar transactions from your account per monthly statement period. On the sixth transfer in any given month, all remaining balances in the money market account are swept back into the checking account and transfer activity is suspended for the remainder of the statement period. Excessive withdrawals may require the account to be converted to a business checking product.
Variable rate of interest paid at tiered levels
Money Market Sweep feature fee is $10 per month, charged to the checking account. This account is not subject to a minimum balance requirement after account opening. A fee of $10 for each withdrawal/transfer in excess of six per monthly statement period.
REPO Sweep
The Repo Sweep account provides daily automatic investment of excess collected funds in your Business Checking account, with the extra benefit of collateralization of the excess balances invested.
By linking your Business Checking account to a Repo Sweep, all activity (deposits, checks and other transactions) flows through your account, resulting in a net investment position at the end of each business day. The last transaction of the day automatically transfers the excess collected balances in the checking account to your Overnight Repurchase Agreement for investment. As funds are needed to cover items presented for payment in your checking account, such as checks or outgoing wire transfers, balances are automatically transferred from the Repo Sweep account to the checking account in order to pay those items.
Features & Benefits
Eliminate the time spent analyzing your cash flow, reconciling, monitoring and transferring funds in order to determine your daily investment position
Establish a target collected balance based upon your daily account balance and activity
Funds invested in your sweep account are not deposits and, therefore, Not FDIC Insured, but are collateralized by bank-owned government securities
Daily confirmation notices of the assigned collateral and investment balances are sent to account holders
Simple interest is accrued daily and paid monthly
Features & Benefits
Reduce the time spent monitoring cash flow
Establish a target collected balance based upon your daily account balance and activity
Automatic loan advances cover checking account deficits
Automatic transfers to pay down your outstanding loan balance when checking balance exceeds target collected balance
Unlimited transfers to and from your checking account and line of credit
Interest expense reduced
Features & Benefits
Reduces the time spent monitoring account activity and balances by automating the funding of auxiliary accounts and consolidating company operating balances
Eliminates manual funding of accounts and streamlines your account reconciliation process
Provides better protection of the funds in your central operating account
Eliminates idle balances and allows for investment opportunity of excess funds through an investment sweep or to pay down a loan