Enables businesses to disburse or collect payments on behalf of employees, vendors, merchants and customers.
What is Automated Clearing House
ACH
100
Business clients can offer their customers more payment options and simplify payment processing and end of day reconciliation.
What is Merchant Card Processing
100
Businesses that receive a large number of payments or receive monthly recurring check payments (i.e. homeowner's associations, property management companies, and healthcare organizations).
What is Lockbox Processing
100
The cut-off time for RDC deposit processing for same day credit.
What is 5:00 p.m. PST
200
What form(s) must be completed for Account Analysis?
What is OP0-156, Commercial Account Analysis Relationship
System Setup Form
200
Electronic transfer of funds from one institution to another domestically or internationally.
What is Wire Transfer
200
Business clients can conveniently process their check deposits any time without leaving the office.
What is Remote Deposit Capture
RDC
200
Businesses that want to offer direct deposit of payroll or that collect recurring payments from their customers.
What is Automated Clearing House
ACH
200
Where do you send completed Cash Management and Account Analysis forms?
What is Cash Management email
cashmanagement@silvergatebank.com
300
What is the current Earnings Credit Rate and where can it be found?
What is 1.25%
On the Proforma
300
Service in which customers use Business Online Banking to scan checks for deposit to their accounts.
What is Remote Deposit Capture
RDC
300
Provides easy access to cash management services through a single sign on platform.
What is Business Internet Banking
BIB
300
Businesses that frequently call or visit the branch to obtain account information, perform funds transfers or place stop payments.
What is Business Internet Banking
BIB
300
What is the fee for Business Internet Banking?
What is No Fee
400
Result if the charge for services analyzed exceeds earnings credit allowance.
What is Analyzed Charge assessed
400
Allows business clients to manage account balances to maximize earnings and minimize service fees.
What is Account Analysis
400
Saves time and increases office productivity by reducing unnecessary trips to the bank.
What is Courier Service
400
Business clients that are not conveniently located near a Silvergate Branch and make frequent deposits with minimal cash.
What is Remote Deposit Capture
RDC
400
When is it necessary to obtain a Wire Transfer Agreement for a business client?
What is When wires will be processed by the branch as part of the client’s regular business activity.
500
Provides a summary of all account balances, services used, and applicable fees.
What is Consolidated Analysis Statement
500
Allows business clients access to account information, transfer capabilities, bill payment, wires, ACH origination and more.
What is Business Internet Banking
BIB
500
Greater fraud prevention through early detection of unauthorized checks.
What is Positive Pay
500
Business clients that have a high volume of account activity and require cash management services for their daily operations.
What is Account Analysis
500
Used to provide a side by side comparison of banking services and fees.