Treasury Services

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Treasury Services—BOLD Solutions for Your Business

You want to do more for your business — to be bold and to grow into the limitless dreams you've always had for its potential. To get there, partner with Meritrust for the treasury services that have the power to help streamline, protect, maximize and elevate your business.

With our ACH Origination Services, you can manage payables and streamline collections with ease.

Our Automated Clearing House (ACH) services can move your money without paper checks, credit card networks or cash—and our same-day ACH makes payments faster than ever.

There are multiple benefits to utilizing ACH:

  • Direct deposits: Allow your employees to access their funds faster and without the hassle or expense of cashing checks — while you save time and money on issuing checks.
  • Payroll cards: With the Money Network Electronic Payroll Delivery Service, we can help you achieve 100% electronic payment of wages, optimize payroll processes and reduce administration costs.
  • Speed: Electronic ACH transactions allow faster processing times, so your transactions, including direct deposits and direct payments, will process quickly with the following and same-day settlement.
  • Lower costs: ACH transactions can be more cost-effective than accepting credit cards or checks.
  • Security: With ACH transactions, fewer individuals can access personal or financial information, so your security is greater.
  • Convenience: No more check writing or paper invoices; you are free to focus on your business.

Conveniently send domestic and international wire transfers through business online banking.

Wire transfers can be done quickly, efficiently and securely using Meritrust business online banking. You can process both domestic and international wires (fees may apply) with ease.

Domestic wires sent through business online banking will be sent the same business day if they are submitted by 3 p.m. CST. Otherwise, they will be sent the next business day. International wires submitted by 2 p.m. CST will be processed same day.

Reduce fraud risks and simplify budget management with Zero Balance Accounts.

Zero Balance Accounts (ZBAs) link to your main business account to receive disbursements for the exact amount needed to cover the day's transactions, returning to a $0 balance at the end of each business day.

Zero Balance Accounts:

  • Streamline operating accounts and maintain separate accounts for payroll, vendor payments, departmental expenses and operating expenses.
  • Maximize balances in main operating accounts to keep cash working for your business.
  • Help reduce overdrafts by making the right amount available for each transaction.
  • Save time through automated account service.
  • Limit access to main operating account funds to reduce the chance of fraud.

Make the most out of your account balance with our Account Sweep Services.

With the Account Sweep Service, you select a set amount on your account balance to automatically transfer at the close of each business day.

The Account Sweep Service

  • Investment Sweeps: Funds in your main account that exceed your set balance amount will automatically transfer to a higher-interest earning account.
  • Line of Credit Sweeps: Excess or idle funds in a deposit account are used to pay down short-term debit under a line of credit, minimizing interest expense.

Our Positive Pay tools are designed to elevate your security and protect your business against fraud.

Check Positive Pay matches the specific criteria of each check presented for payment against a list of previously authorized checks submitted into the Positive Pay system by your business.

ACH Positive Pay screens all ACH activity to identify unauthorized transactions. You have the power to review and make payment decisions for transactions that do not meet your criteria.

Conveniently deposit checks right from your business with Business Remote Deposit Capture.

Business Remote Deposit Capture (BRDC) allows you to scan checks and conveniently transmit images for posting and clearing. All you need is an internet connection, check scanner and service provider to start depositing checks digitally.

With BRDC, you can:

  • Enjoy robust reporting with deposit images.
  • Access funds the same day deposits are made before 5 p.m. CST.
  • Make unlimited deposits 24/7.
  • Deposit multiple items at once.

Reach your business growth goals with Merchant Services by Clover.

Many businesses are looking for ways to increase sales, deepen customer relationships and drive repeat business. Meritrust has partnered with Clover®, a global leader in payments processing, to provide a variety of business solutions that can be tailored to your business needs.

Learn more about Clover

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Terms and conditions apply. Meritrust Credit Union is a contracted Reseller of the First Data (and/or Clover) Solutions. This web page or website is not an official page of First Data Corporation, Clover, its subsidiaries, or affiliated businesses. © 2020 First Data Corporation. All rights reserved. The Clover name, logo and related trademarks are owned by Clover Network, Inc., a wholly owned subsidiary of First Data Corporation, and are registered or used in the U.S. and many foreign countries. Enrollment in Point of Sale services is subject to approval.