Business Banking Services
Deposit and Cash Management
Line of Credit Sweep
Link your Line of Credit (LOC) with your Business Checking account and let your idle balances work for you! The LOC Sweep automatically sweeps excess funds from a checking account to pay down a LOC, minimizing borrowing and interest expenses. The LOC will also sweep to the checking account, based on a desired peg balance, improving cash flow, and reducing overdrafts.
Zero Balance Accounts
The Zero Balance Account (ZBA) provides you the ability to concentrate all company funds into an operating account and make disbursements out of subsidiary accounts, which always maintain a zero balance. The subsidiary accounts are funded as needed from the operating account, assisting in maximizing funds available, the reconciliation process, eliminating the need to track balances and funding requirements, and reducing the risk of overdrafts.
Fully FDIC Insured Deposits
Five Star Bank’s CDARS® (Certificate of Deposit Account Registry Service) and ICS® (Insured Cash Sweep) products enable you to maintain FDIC Insurance on Deposits up to $50 million in a CD or a Money Market Account while earning competitive interest rates. More information on this service and current rates are available upon request.
Business Debit MasterCard®
With the Five Star Bank Business Debit MasterCard®, make purchases anywhere MasterCard® is accepted and have the funds automatically deducted from your business checking account. It's safe, easy…and convenient!
Payable and Receivable Management
Remote Deposit Capture
Five Star Bank offers all of the conveniences of banking the way you choose. Our Remote Deposit Capture Service allows your business to process check deposits directly to your deposit accounts right from your office. Save time and risk traveling to the branch. This service includes robust reporting on your deposits and our service includes supplying equipment at no extra cost to you!
With Five Star Bank’s ACH Origination Service, you can electronically debit and credit your customers, individuals, businesses, vendors, suppliers, employees, etc., as an alternative to paper checks, eliminating the need and expense of checks and postage. Customers can be set up for reoccurring payments any time during the month, reducing collection expenses and challenges. With ACH Origination, you have the ability to know exactly when you will be paid, and pinpoint exactly when a vendor is paid, bridging that timing difference and to take advantage of payment terms and discounts.
Electronic Data Interchange reporting provides you with additional ACH detail records sent by your payor. Information like invoice numbers and descriptions are included, so you can efficiently update your records.
Lockbox Payment Processing
Improve your funds availability and streamline record keeping with Five Star Bank's lockbox payment processing service. We will collect and process payments made to your business, depositing the collected funds into your account each day. You will receive a customized detail report to save you time in reconciling payments.
Ready to take your business to the next level? Five Star Bank's merchant services program allows you to accept debit and credit card payments from clients and vendors at your store, online, or anywhere you need to be! We provide clear, simple statements and 24-hour support for any questions you have, anytime you have them.
ACH Debit Filter and Block
Protect your accounts from unauthorized electronic debits with ACH Debit Filter and Block. Provide us with who you want to debit your account and we’ll place an ACH Filter on your account to only allow those specified to debit the account. With ACH Debit Block, we can block ALL debits from your accounts, giving you the comfort in knowing your accounts are safe from unauthorized electronic debits.
Help mitigate potential check fraud with Positive Pay. Simply provide us with your issued check details via NetTeller and as those items clear your account, we will verify the check details against the issued check file you provided. If a violation occurs, an item not matching the issued file, you will have the opportunity to review the check details and determine if the check should be paid or returned.
MasterCard® Gift Card
Need to award or give one of your employees a gift for a job well done? Visit a local Five Star Bank branch and purchase a MasterCard® Gift Card for them. Gift Cards are available in any denomination between $10.00 and $750.00.
Register Your Gift Card or Check Your Balance
Night Depository Box
Enjoy easy, safe and convenient access to the bank with our night depository box. Make your deposits when it is convenient for you and your business - available 24 hours a day, seven days a week!
Re-order Business Checks
Save yourself a trip to the bank—re-order your checks right online.