Special Deposit Accounts
Zero Balance Payroll Account:
This account automatically sweeps the necessary revenues from your operating account into your payroll account as payroll checks are paid.
Money Management Account:
This account sweeps between a line of credit and the operating account. A minimum balance must be maintained in the operating account.
Investment Account:
This account sweeps excess balances from the operating account into an overnight investment account that earns market rates. A minimum balance must be maintained in the operating account. This account is collaterized by bank securities BUT IS NOT FDIC INSURED.
Currency Orders:
This account allows small businesses to deposit and withdraw currency orders.
Lockbox Services:
This service provides maintenance of accounts receivables with automatic deposits made to the operating account. Cornerstone picks up your remittance mail and processes it for you, reducing mail, processing, and check clearing times. This service also eliminates the time and cost of internal remittance processing.
Merchant Credit Card Services:
This service allows small businesses to accept all major credit cards at the retail or wholesale levels. We can process your debits for all the major credit cards: MasterCard, VISA, Discovery, and American Express. You will have a personal representative assigned to you for this service. You can ask for your contact person by name.