Hyde Park Bank: Cash Management

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	Account Reconciliation
	When you outsource the task of account reconciliation to Hyde Park Bank, you’ll save time and money and reduce the potential for errors. Our Account Reconciliation Service ensures up-to-date and accurate records. We offer several options, including weekly, monthly or quarterly reconciliation with either a listing of all paid checks, a listing of paid checks plus outstanding check numbers or full account reconciliation.
	Coin and Currency
	For retail businesses that deal in currency, our Coin and Currency Service can be an invaluable asset to the smooth operation of your business.
	Cash shipped: Currency packages and rolled coin can be sent via bonded courier on a standing order basis or as a periodic delivery, with a timetable that meets your specific needs. In addition, the option of automatic account debits can offset any fees incurred.
	Cash deposited: Our flexible fee structure offers you the ability to save time and money based on the preparation of your deposits. We can accept cash deposits as Fed-ready money (currency sorted by denomination and strapped in bundles of 100 pieces); sorted (by denomination, but less than $100 packages); unsorted (not sorted by denomination, often sent by pouch or sealed envelope).
	Foreign Draft
	When you need to conduct business with overseas partners, our Foreign Draft Service can facilitate financial transactions. A Foreign Draft reduces risk due to exchange rate fluctuations by allowing you to remit payment in a foreign currency. We provide you with a record of each transaction. Hyde Park Bank can issue Foreign Drafts in most of the world’s currencies.
	Lockbox Service
	Accelerate cash flow when you allow Hyde Park Bank to assume the tedious and time-consuming task of processing receivables. With our Lockbox Service, your receivables are sent to a post office box, which becomes your remittance center. We collect your receivables on a daily basis, process them and deposit the funds into your account. Photocopies of the checks, along with deposit receipts and other correspondence, are mailed or faxed to you the same day. At your request we’ll also notify you by phone of the amount deposited. All deposits are credited to your account the day they are received by the Bank.
	Merchant Visa/MasterCard
	As a retailer, you can enhance your customer service when you accept payment with Visa and MasterCard. Our Merchant Visa/MasterCard program helps to reduce your risk of losses by allowing you to hold less cash in your establishment and by giving you pre-approval of sales transactions. Cash flow is greatly improved, with Visa/MasterCard deposits available in your account the next business day. And accurate bookkeeping is simplified with a monthly statement that recaps all transaction activity.
	Payroll Direct Deposit
	We can arrange to handle the ACH transfer of funds to employee payroll accounts, saving you time and paperwork.
	Sweep and Zero Balance Accounts
	When you want to make your money work harder for you, our Sweep and Zero Balance Accounts may be the answer. With a Sweep Account, Hyde Park Bank monitors your operating account and automatically transfers (sweeps) excess funds into a designated interest-bearing account. We take care of timing the funds transfer, so that excess funds are not left in your operating account waiting for checks to clear. A second option is a Zero Balance Account, which carries no balance until a check is written against it. Hyde Park Bank monitors the account on a daily basis and transfers in funds from an interest-bearing account as needed.