Treasury Management - Manage Your Money

Manage Your Receivables

• Automated Clearing House (ACH) – Collecting Payments
• Electronically collect payments from customers and vendors or other third-party relationships.
• Provides a convenient and efficient collection of recurring payments
• Pre-authorized debits collect money from your customers
• Receive your payments more quickly – Eliminate mail delays
• Reduce your cost of billing and collections
• Concentrate funds from your other bank accounts into your Prosperity business checking account
• Faster payment collection available with same-day ACH services, some restrictions apply.

Zero Balance Accounts (ZBA)

Make use of every dollar by concentrating funds at the end of each day from your separate accounts into your operating account. The objective of a Zero Balance Accounts (ZBA) is to centralize balances that would otherwise remain idle.

• Eliminate time and cost associated with manual account transfers.
• Maintain separate account deposit and payment record-keeping.
• Concentrate funds automatically at the end of each business day.
• Minimize idle cash in separate accounts.

Sweep Accounts

Automate your management of excess funds through a daily sweep service that automatically sweeps excess funds over a pre-determined target balance.

• Excess funds swept at the end of the business day.
• Maximize your interest income and/or minimize your interest income.
• Spend less time daily managing your funds’ needs.

Account Reconciliation

Simplify your accounting duties with account reconciliation services with Prosperity Bank.

• Automatically balance your accounts
• Accelerate your check research and more easily identify issues.
• Improve audit controls.

Lockbox Services

Simplify and expedite the collection and processing of your account receivables by having your business customers mail their payments directly to the bank for processing. The bank accesses and processes your payments, and deposits your payments received into your account on the same day.

• Online access to imaged remittances and checks along with flexible reporting options
• Eliminate trips to the bank to make deposits
• Increase audit controls
• Expedite availability of your funds and fast processing and timely same day remittance details
• Reduce your internal staff processing time
• Eliminate the need for paper copies of checks or invoices
• Medical Lockbox processing available.

Online Wire Transfers

Online Wire Transfers are a reliable and secure way to send or transfer funds electronically with same-day availability.

• Customize security settings with the flexibility to have single-user, multi-user, and assign dual-control authorities allowing for password and dollar-limit restrictions.
• Establish one-time wires or templates for routine recurring wires
• Make same-day payments to vendors
• Review incoming and outgoing wire detail information online
• Payroll Cards

One of your business needs may include a payroll card solution for your employees instead of issuing checks. Please contact treasurymanagement.support@prosperitybankusa.com for more details.

Merchant Services – Credit Card Processing

Payment solutions to accept card payments online, over the phone, or in person. Many businesses need to offer their customers flexible payment options and Prosperity Bank partners with TSYS^® to provide full-service payment processing solutions to businesses to meet their credit, debit and gift card processing needs. Additional merchant services available include Electronic Check Conversion and Check Verification.

Click here for more information about Merchant Services.

Remote Deposit Capture (RDC)

Streamline your banking by making deposits without leaving the office. Remote Deposit Capture (RDC) allows your business to electronically deposit checks securely into your Prosperity checking account using a scanner and software.

• Make more frequent deposits, improving your availability of funds
• Reduce trips to the bank and minimize liability and lost productivity
• Consolidate funds from multiple remote locations into your Prosperity checking account
• Scanner options to support your check volumes
• Allow multiple users to access the system with different levels of authorization.