Treasury Management
Nothing is simple about running a business. Fortunately, Orrstown can help you simplify your treasury management. From collecting what your customers owe you to paying your bills, we have tools to help you every step of the way.
Collect Money
Take control of your receivables. Orrstown’s services help you offer your customers flexible payment options, collect your money faster, and expedite your cash flow.
Maximize Money
You never stop working to grow your business – your money shouldn't either. Orrstown’s treasury management solutions reduce idle funds to make the most of your cash and improve your bottom line.
Pay Money
Managing payments and controlling expenses is crucial to running a business. Orrstown helps you simplify your payables processing to better manage your spending, extend your cash cycle, and increase your payment efficiency and security.
Protect Money
Fraud is a serious threat and more prevalent than ever, but Orrstown offers solutions to prevent loss. Don’t take a passive approach, let us put protection in place for you and be certain your cash is protected.
Your cash is in good hands.
Be at ease when running your small business.
Orrstown can help your business with Treasury Management.
Orrstown can help your business with Treasury Management.
What Is Treasury Management?
Treasury management services encompass multiple aspects of corporate finance, including raising essential business funds from multiple sources, managing currency and cash flow, and developing and implementing organizational monetary strategies. Helping you manage and mitigate your financial risk is another key aspect.
What Are the Benefits of Outsourced Treasury Banking Services?
When you outsource the treasury management process to an experienced, reputable financial institution such as Orrstown Bank, you'll gain several valuable business advantages:
- Increased account efficiencies: You can consolidate multiple accounts, which saves time, maximizes efficiency and reduces service fees.
- Maximized cash flow: Treasury services cash management functions such as an account receivables lockbox can improve your business's cash flow by processing and posting deposits more quickly.
- Faster processing: By automatically entering your business's invoices into a centralized lockbox, treasury management cuts down on processing delays and enhances your cash forecasting capabilities.
- Better decision-making: Bank treasury management services enable you to integrate financial data into your company's enterprise resource planning (ERP) or accounting systems. You'll have easy access to the information you need to make faster, more informed business decisions.
- Enhanced fraud protection: Treasury management includes access to advanced fraud detection and prevention products and services, helping you meet regulatory compliance requirements and giving you more peace of mind.
Why Choose Us for Treasury Banking Services in PA and MD?
Orrstown Bank is a local financial institution headquartered in Shippensburg, Pennsylvania. Although we're a smaller bank, we can provide a host of sophisticated treasury management services that make it easier for your business to:
Collect Money
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ACH Collections – Automated clearing house (ACH) collections minimize hassle and get you paid faster by electronically collecting payments from your customers or tenants. -
Remote Deposit Capture – Using our remote deposit services, you can scan and deposit checks right from your office – it’s simple, efficient, and secure.
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Wire Transfer Processing – Our online system lets you transfer funds quickly and securely.
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Merchant Services – Orrstown Bank has partnered with Elavon to deliver industry leading payment processing solutions. You can accept all credit card types with technology that works with any kind of payment system. As the fourth-largest payment processor in the U.S., Elavon offers near 100% network uptime, high-speed transaction processing, enhanced security, and superior customer service.
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Lockbox – Eliminate time-consuming and costly processing of payment remittance. Orrstown Bank’s processing solution includes collecting and opening remittance, processing payments, crediting your bank account, and providing payment information online, or through data transmission, same-day.
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Cash Handling Services – Orrstown Bank partners with Dunbar to provide secure cash and coin handling services for businesses. Services include armored pickup and delivery of currency, other safekeeping solutions, and daily reporting.
Maximize Money
Sweep Services automatically transfer your cash balances for investment or to reduce expenses. Our Sweep options include:-
Money Market – Maximize interest earned by sweeping excess funds into one of our higher yield money market accounts. 1
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Repurchase agreement – Offers security for funds above FDIC insurance limitations and earns interest. Funds may be swept into Products that are not insured by FDIC, subject to investment risks, including possible loss of the principal amount invested, and are not a deposit or other obligation of, or guaranteed by, Orrstown Bank.
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Line of Credit – Protect your checking account from overdrafts and minimize interest expense. Orrstown’s line of credit sweep service will automatically borrow from your line of credit to smooth out cash shortages, then pay down balances when excess cash is available.
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Combination – A comprehensive treasury management approach to maximizing your money. Offers protection from a Line of Credit during cash flow shortages with the power of investment in interest-bearing accounts during periods of excess cash flow.
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Zero Balance Account – Simplify accounting and maximize idle balances. Funds automatically sweep to maintain a zero balance, eliminating the need to make manual transfers to a payroll account, line of credit, or savings account.
Pay Money
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ACH Payments – Automated Clearing House (ACH) payments minimize hassle and streamline your payments processing, enabling you to focus on growing your business.
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ACH Payroll – Eliminate paper checks and reduce payroll processing time and expense.
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Wire Transfer Processing – Our online system lets you transfer funds quickly and securely.
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Business Credit Cards – Orrstown Bank has partnered with Elan to deliver a business credit card solution that is right for you. Whether you are a small business, mid-sized business, large corporation, or nonprofit entity – we have a credit card solution for you.
Protect Money
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Positive Pay – Positive Pay ensures that payments from your account are authorized. Orrstown strongly encourages the service for check and ACH transactions to ensure that only legitimate transactions are posted to your account. It is the equivalent of having a lock on the front door of your house rather than leaving your home accessible to anyone at any time. This is the single most important service offered to businesses and one that every business should adopt. It is low-cost protection for hard-earned cash.
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Security Features – Orrstown Bank believes that layers of security features are key in shielding your cash from criminal activity. In addition to Positive Pay, Orrstown offers online banking with ample protection. Security tokens, IP address restriction, dual control capability, user time restriction, transaction and activity alerts, user control settings and transaction controls are examples of the mix of online features available to business customers. Securing your cash is our number one priority.
Every Orrstown Treasury Management Setup Includes These Benefits:
 Extra security provided by security tokens for user multi-factor authentication. |
 Exclusive access to the Electronic Services Customer Care Hotline. |
 No setup fees. |
Orrstown Bank’s Enhanced Online Banking Platform
It provides a safe and secure way for customers to access their accounts 24x7 anywhere they have access to a computer and the Internet. The following services and functions are available through our Online Banking platform2:
Would you like to learn more about the many benefits of our treasury banking services in Maryland or Pennsylvania? Our professional consultants are ready to help. We offer three convenient ways to get support: |
Obtain statement transaction detail on your account
Transfer funds between accounts and make loan payments1 Federal regulation prohibits you from making more than a total of six convenient transfers or withdrawals per month. Transfers and withdrawals that are considered "convenient" for this purpose are those made by preauthorized, automatic, telephonic agreement, order or instruction, or by check, debit card, or similar order made by the depositor and payable to third parties.
2 Fees may apply
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