Whether you’re saving for a large purchase for your business or other expenses, our Savings Account is just right.  An opening deposit of $100 gets you started.

• Interest is calculated on an Average Daily Balance and credited to your account quarterly
• No maintenance fee if you maintain a balance of $100 or if customer is under Age 18
• Monthly fee of $3 for balances under $100
• Over two (2) withdrawals per month – $1 each
• Quarterly statement

The Money Management Account offers a competitive tiered interest rate.  The higher your balance, the higher rate of interest you earn.   An opening deposit of $100 is required for this account.

• Interest is calculated on an Average Daily Balance and credited to your account monthly
• No maintenance fee if you maintain a balance of $2,500
• Monthly fee of $8 if balance falls below $2,500
• $10 per transfer over 6 withdrawals per month
• Monthly statement

Certificates of Deposit are a great way to get a better rate of return on your money. Bank of Cadiz & Trust Co. offers competitive rates on all terms of certificates from 3 months to 5 years. A minimum deposit of $500 is required on a term of one year or more and $2,500 for a term of less than one year. Monthly checks can be issued on certificates of $10,000 or more. A penalty is imposed if any part of the principal is withdrawn before the maturity date.

CDARS (Certificate of Deposit Account Registry Service®) is one of the safest and smartest investment vehicles for investors looking to protect their large-dollar investments.

This powerful tool enables you to manage your business accounts electronically and have secure access 24 hours a day, seven days a week. You can transact business from your office, home or anywhere with a computer and internet access.

Electronic Cash Manager is comprised of various service groups that let you purchase and use the products that are of value to you:

Collecting Cash
Accelerate your cash flow and speed collections

Disbursing Cash
Improve your cash concentration and collections process. Direct Deposit payroll solutions.

Cash Management
Solution to help maximize your cash flow and reduce expenses.

Account Reconciliation
Image solutions to help with account reconciliation.

Features:

• View current and previous day account information
• Balance Reporting provides information of transactions coming in each day to let you know how much you need to fund your account to cover checks which will clear that night
• Account information is available by 12:30 p.m CST each day and the account must be funded account by 4:00 p.m CST
• Online statements with up to 24 months of account history
• Transfer funds among designated accounts
• Make payments to loans and lines of credit
• Unlimited online bill payment transactions
• Alerts on account balances, transactions and more
• Download account information into Quickbooks which can reduce data entry time during account reconcilement
• Manage users with administrative controls that allows the business to establish specific account access privileges and restrictions for functions the employees handle
• Set transaction limits

Collecting Cash
The Bank of Cadiz & Trust Co. has a variety of products to help you manage your daily cash flow needs:

Electronic Office Deposit
Electronic Office Deposit is a service that enables a business to scan checks and transmit deposits electronically from any location with an internet connection. It allows your business to scan, image and transmit deposits electronically from your business. The benefits of Electronic Office Deposit are numerous and measurable.

Benefits:

• Offers convenience by reducing the number of trips to the bank
• Better availability of your funds – no more next day deposits
• Save on personnel time and transportation costs
• Employee safety
• Improved efficiency – depositing checks takes minutes instead of hours
• Consolidation of accounts if you have multiple locations
• Faster research – view deposited check images
• Collect faster on insufficient deposited items
• Maximum security – transactions encrypted from start to finish

How it works:
For more information about our Electronic Office Deposit product, contact us at  (270) 522-6066 for a live demonstration and pricing information.

Overview:

• Use a Windows-based PC with internet access to deposit checks to your Bank of Cadiz Business account at any time which makes funds available sooner
• Choose a scanner to capture check images and Bank of Cadiz provides the Electronic Office Deposit software to manage and balance deposited items
• Electronic Office Deposit system electronically transmits your deposits through a secure interface to Bank of Cadiz for processing

After deposits are posted to your account, you can retrieve images and verify account balances from Bank of Cadiz Electronic Cash Manager.

By using ACH (Automated Clearing House) you can create electronic transfers to or from accounts of other businesses or individuals directly to your business account via ACH. ACH debits typically represent accounts receivable transactions and moves those funds and credits them to your business account.

ACH is a reliable, accurate, confidential and convenient way to conduct business.

Benefits:

• Save time and money
• Improve cash flow
• Electronically debit customer accounts
• Increase funds availability
• Enhance accounts receivable processing
• Electronically transfer excess balances between accounts at different banks

Contact us at (270) 522-6066 for more information about the ACH product and pricing.

Disbursing Cash
With the Electronic Cash Manager you will be able to select from various products to control how and when your funds are disbursed.

ACH
With the ACH product you can initiate ACH transactions to or from accounts of other businesses and individuals directly to your business account. As with disbursing cash, ACH credits are typically thought of as payroll deposits to employees, electronic tax payments or employee expense reimbursement.

Benefits:

• Simplify your payroll process
• Time savings
• Reduce exposure to check fraud
• Make electronic tax payments
• Enable reimbursements, dividend payments and commissions
• Increase employee satisfaction

Cash Management
Our automatic Credit Line Sweep¹ helps your business control interest expense and simplifies the daily task of determining your cash position. The Credit Line Sweep will help maximize your earnings and minimize line of credit interest expense.

Credit Line Sweep
How it works:
On each banking day, the Credit Line Sweep will compare the actual collected balance in the designated account to a minimum and a maximum control balance to be established jointly by the bank and the business.

¹Lines of Credit are subject to credit approval

If the actual collected balance exceeds the maximum control balance, excess funds will automatically be transferred to the company’s line of credit balance. If there is no balance on the line of credit the excess funds will remain in the account.

Contact our loan department, 270-522-6066 for more information about the Credit Line Sweep product.

Account Reconciliation
Bank of Cadiz & Trust Co. offers check imaging solutions to help meet the needs of your business. This product is designed for the business that issues a high volume of checks a more efficient way to reconcile bank statements and other transactions monthly.

eDocuments – allows you to view and print your check images online up to 24 months

CD-Rom Check Image Archive

• Receive your bank statements, images of checks and deposit tickets
• Reports paid checks in numerical order including the date paid
• Improves accounting and reconciliation accuracy
• Offers a convenient and effective storage and research solution

Contact our Bookkeeping department at 270-522-1125 or 888-314-8044 for more information about the Account Reconciliation products.

Accept all Forms of Payment – providing convenience to your customer when purchasing goods and services. By having a Bank of Cadiz Merchant Services account, your customer can have the ability to make payments with all major credit cards.

Check Conversion with Guarantee – program that transforms check acceptance into a risk-free, electronic payment using the latest technology. The check guarantee payment program streamlines your check funds and eliminates your NSF check worries so you will receive all of your money.

Gift/Loyalty Card Program – a program for your business to offer gift and loyalty cards. This is a great way to increase the sales of your business.

• Superior Local Service and Support
• Professional 24-hour Customer Support
• Competitive pricing
• Offers almost all types of equipment applications, both hardware and software
• One point of contact

We realize the importance of our commercial customers having the capability to accommodate patrons who prefer to use credit and debit cards as a form of payment. We welcome the opportunity to serve you in this capacity.

To get started, we need to learn about your business. Our Merchant Service Representative will meet with you to analyze your current needs and determine opportunities based on your customers’ method of payment, your hardware and software and your input of what you expect. Then we will meet with you and provide a payment processing solution so you can give quality customer service.

If you would like to find out how Bank of Cadiz & Trust Co. and BancCard of America, Inc can help you with any of our Merchant Services, contact us at 270.522.6066.