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Cash Management Services

Providence Bank & Trust can help with solutions to improve cash flow, streamline payables, manage liquidity and mitigate unnecessary risk exposure.

Making Payments | Receiving Payments | Account Management Solutions | Risk & Security

Collection Services:

Services to help accelerate and simplify your deposit collecting and processing.

Disbursement Services:

Services to help simplify your payment processing.

Sweep Services:

Services to maximize earnings and minimize expenses.

Online Banking Services:

Services to retrieve current financial information to enable efficient management of your business. We offer a variety of online services designed to save you time and money in a secure environment.

Remote Deposit:

Streamline your business’ check deposit service.

Merchant Services and Card Processing:

Offering your customers the convenience of electronic payments with debit and credit card processing has never been easier. Your business will benefit from the quick, efficient and secure payment options our payment processing can provide.

Our solutions offer the capability of accepting a variety of payments.  Whether your business is in retail, restaurant, health care, service, mail order or e-commerce, Providence Bank & Trust Merchant Services has the tools to optimize your payment processing.

Fraud Protection Services

Offering you more control to safeguard your business financial information.

Click here to view our Fraud Exposure Checklist


Click here to view our 2020 Holiday processing schedule


Collection Services

A variety of services to assist your company in managing day-to-day cash flow receivables:

Providence WebRDC (Remote Deposit Capture)

Most businesses require an employee to gather checks received, create a deposit and deliver to the bank.  Web Remote Deposit Capture (Web RDC) will streamline this process for your business by allowing you to scan checks in your own offices and then deposit to your Providence Bank & Trust account via the Internet.

To log into Providence WebRDC, click here:


ACH Payments

Quickly manage a variety of transactions through Providence Bank & Trust Online Banking.  ACH Payments enables you to create electronic transfers to or from accounts of other companies or individuals, directly to your business account via ACH. ACH Debits move funds from the accounts of receivers and credit them to your corporate account. It is a low-cost alternative for the collections of recurring payments, such as club dues, condo fees, rent, and donations.

NACHA Operating Rules Online

Zero Balance Accounts (ZBA)

Eliminate excess balances in separate accounts by using ZBA’s.  It provides an easy fully automated way to separate specialized disbursement or depository activity into distinct sub accounts while retaining cash in a single master operating account.

Wire Transfers

Providence Bank & Trust can receive wire transfers into corporate accounts and report the receipt to clients.

To find out more about Providence Bank & Trust’s Cash Management payment collection products and services, contact your Commercial Relationship Manager or Cash Management Specialist.
Click here to connect with a Cash Management Specialist

Disbursement Services

With Providence Cash Management Services, you will be able to select from an array of methods to control how and when your funds are disbursed.

Controlled Disbursement

Assists your business in calculating daily cash positions and planning the most efficient use of funds.

Zero Balance Accounts (ZBA)

ZBA accounts are used to transfer deposits from sub-accounts to primary accounts. With our ZBA, funds can be transferred as needed from the primary account to subsidiary accounts. For example, funds can be transferred from your general account to your payroll account as payroll checks are presented.

ACH Payments

Enables you to create electronic transfers to or from accounts of other companies or individuals, directly to your business account.  ACH Credits, funds are distributed from your account to the accounts of the receivers. Common uses include Direct Deposit of Payroll to employee accounts, Electronic Tax Payments and Financial EDI payments.

NACHA Operating Rules Online

Click here to connect with a Cash Management Specialist

Sweep Services

Providence Bank & Trust offers a full array of Sweep solutions designed to help your company automate investment and/or borrowing functions to maximize investment earnings, minimize idle balances, and reduce interest expense while allowing you to maintain complete control of your liquidity needs at all times.

Investment Sweep

This service automatically transfers excess checking account balances over the specified target balance into an investment instrument that earns a competitive rate of interest. If funds are drawn below the target balance, the funds are matured from investments and re-deposited to the checking account.

Loan Sweep

This automated service ensures that funds are borrowed from a Providence Line of Credit  only when necessary, and the line of credit is paid down as soon as funds are available, reducing your interest expense. Payments to the line of credit have no minimums or increments. At the end of each day, your checking account is analyzed to determine whether you require funds to pay disbursements or whether the line of credit can be paid back with excess funds in the account. Since payments are automatic, your interest expense is kept to a minimum.
Click here to connect with a Cash Management Specialist

Providence Bank & Trust Online Banking

By offering the convenience of the Internet coupled with a powerful set of tools, Online Banking enables you to manage all of your banking needs. No software needs to be loaded on your computer and you can access your information any time, from anywhere and from any computer with an Internet connection and a browser. Providence Bank & Trust uses advanced encryption methods to protect your personal information.

Providence Online Banking is based on Need; you purchase and use only the components that are of value to you. Different employees within your company can be assigned rights to only the information they need to perform their individual jobs.
Online Banking

Experience our services:

  • Balance Reporting
  • Transfers (Internal & External)
  • ACH Payments
  • Financial Electronic Data Interchange (FEDI)
  • Wire Transfers
  • Stop Payments
  • Positive Pay
  • Statement Images
  • Mobile Deposit
  • QuickBooks Direct Connect

Providence Bank & Trust Online Banking reaches a broad client base. Generally, the more active an account is the more benefit a client would gain from our Online Banking functions. Clients using other Cash Management services such WebRDC can use Providence Online Banking as an excellent companion piece to improve the client’s ability to monitor their accounts. Clients using other Cash Management services, such as WebRDC, can use Providence Bank & Trust Online Banking as an excellent companion piece to improve the ability to monitor their accounts.

Providence WebRDC (Remote Deposit Capture)

No need to make special trips to the bank! Scan and deposit checks to your business account1 from your home or office at your convenience using a scanner connected to your personal computer.

Enjoy these great benefits

Control of your check deposit

Scan and capture multiple checks for a single deposit, review check totals and make any necessary error corrections before submitting the complete deposit to the bank. You also have the ability to review your deposited check images up to 120 days after they are deposited.

Management of Company Deposits for Multiple locations

For companies with more than one location, Providence WebRDC allows multiple users to make check deposits from various locations through one single database.

Click here to connect with a Cash Management Specialist

  1. Deposit accounts and Web RDC are subject to separate terms and conditions.

*    Deposits by 5 p.m. CT are considered as same business day. Deposits are subject to verification. Saturdays, Sundays and federal holidays are not business days.

Providence Bank & Trust Fraud Prevention Services

Offering you more control to safeguard your business financial information.

We will help you evaluate your internal business processes and enhance your current risk management plan. By combining your unique cash management needs and business requirements with the appropriate safeguards, you can take a proactive approach to reducing your exposure to fraud.

Positive Pay

Reduce the risk of check fraud with Providence Bank & Trust Positive Pay.  With this service, you submit an electronic file each day detailing the checks your business issues.  As each check is presented for payment, the Positive Pay system electronically compares it to the information in your file.  Any discrepancies are flagged and reported through a special email alert and can be viewed through our online cash management where you can see an image of the checks and make an online “pay/no pay” decision.


Positive Pay

Click here to view our Fraud Exposure Checklist

Protecting your Small Business


Click here to view our 2020 Holiday processing schedule


Eric J. Holtrop

Vice President – Cash Management


Email*: Eric Holtrop

Daniel P. Faragoi

Daniel P. Faragoi

Vice President – Cash Management


Email*: Daniel Faragoi

Erminia Williams; Cash Management Representative

Erminia Williams

Senior Treasury Operations Specialist


Email*: Erminia Williams

*Do not send sensitive personal information via email, including account numbers, social security numbers, date of birth or any information that is intended to be kept private.