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Union Bank

Treasury Management Services for Businesses


Our Treasury Management team is dedicated to serving businesses of all sizes. We make it a point to understand you and your business so that we can offer the best solutions to meet your business’s unique needs. Our experienced professionals offer tailored solutions to maximize efficiency, improve cash flow, protect against fraud and enhance internal controls.

Treasury Management Solutions


  • ACH and Check Positive Pay
  • ACH Payment Services
  • Business Online and Mobile Banking
  • Cash Vault/Armored Car Services
  • Lockbox Services
  • Remote Deposit Services
  • Wire Transfer Services
  • Zero Balance Accounts (ZBA)/Sweep Accounts

Best-in-Class Business Banking Digital Platform


UBMich Treasury Management is a comprehensive and intuitive suite of tools that allow customized workflows, access to reporting and efficient payment management and transaction insight.

 


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Stop Fraudulent Checks Before They Clear


 

Checks remain the preferred method of payment for businesses, which also makes them the leading method of payment fraud. Check Positive Pay allows customers to monitor checks clearing daily and return fraudulent items conveniently through Union Bank’s business banking platform.


Check Positive Pay provides efficiency & peace of mind:

  • Unmatched checks are presented online and have automated reminders for daily pay/no pay decisioning
  • Checks clearing daily are matched against the issue file
  • If fraudulent, check can be returned
  • Quick upload of check issue files to UBMich TM
  • Convenient online access to unmatched checks

Transfer Funds Immediately for Both Domestic & International Payments



Initiating wire payments through Union Bank’s business banking platform provides a secure and convenient platform to send funds immediately through the SWIFT network. With the ability to manage company-assigned user asset, dual approvals and secure authentication with user ID, password and one-time passcode, you can be assured your security. 

Online Wire Transfers support:
  • Domestic transfers
  • International transfers
  • Addenda information that travels with the payment
  • Immediate funds availability for the recipient

Deposit Checks from a Desktop Scanner for Convenient Receivables Processing & Reconcilement



Remote Deposit Capture allows businesses to scan and deposit checks from their desktop through Union Bank’s business banking platform, making it easy to prepare and scan checks for deposit—all of which are imaged with MICR data capture. Deposits are balanced prior to transmission to the bank and accepted until 5:00 PM ET for same-day credit.

Remote Deposit Capture enhances convenience, security and reconcilement by:

  • Depositing from any location into one bank account or one location into multiple accounts under the same business banking profile
  • Mimicking segregation of duties between preparing, scanning and transmitting the deposit
  • Limiting user access to only the accounts and deposit function they need
  • Imaging all deposited checks for record keeping and research
  • Providing reporting and data for each deposit

Experience the Benefits of Electronic Payments



Automated Clearing House (ACH) payments through Union Bank’s business banking platform allows businesses to make electronic payments quickly and efficiently for a wide range of purposes. Experience the ease of ACH transactions through quick one-time payment initiation, saved templates and effortless ACH file uploads. Moreover, ACH offers enhanced risk management with features like payment approvals, comprehensive ACH history reporting and secure masking of account information, ensuring smooth and secure financial operations.

Common uses of ACH payments:
  • Direct Deposit for payroll
  • Expense reimbursement
  • Consumer collections and payments
  • Vendor payments
  • Federal and State Tax payments
  • Cash concentration
  • Same-day payroll, reimbursements and emergency payments

With Union Bank, you can also initiate same-day ACH payments that can be settled day-of with the convenience and security of ACH origination.
 

Same Day ACH is convenient and secure through:
  • Access through Union Bank’s business banking platform
  • Two daily processing windows: 1:00 PM ET and 5:00 PM ET
  • Reducing expense with payments previously sent via Wire
  • Flexible user and limit permissions
  • Dual control approval options for submitting and transmitting payments

What is a Same Day ACH credit or debit?

A Same Day ACH credit or debit, which is in the amount of $1,000,000 or less, is sent and received on its settlement date. Same Day ACH transactions are generally sent and received by different banks, and are received in the afternoon or evening, as opposed to the following morning.
 

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