Cash Management Products

Investment Sweep

The sweep service uses an end-of-day process to calculate your daily cash position. If the collected/investable balance exceeds any predetermined target balance, the funds from the checking account are automatically transferred into an investment account. All funds are fully available each morning and interest is paid monthly.

The investment account is an FDIC insured money market account. Stable Custody Group, LLC acts as your agent in maintaining the Bay Cities Bank Investment Sweep Account. FDIC insurance on each Bay Cities Bank Investment Sweep Account is limited to a combined total of $250,000 for all deposits held in the same legal ownership category for each depositor per bank, which includes the Bay Cities Bank Investment Sweep Account.

Credit Sweep

As an alternative, excess balances over any predetermined target balance may be swept to a business line of credit at Bay Cities Bank. Balances are recalculated daily based on account activity and collected deposits and disbursements are considered in the daily calculation.

Max Sweep

Maximize your earnings and interest expense by combining Investment Sweep and Credit Sweep. After end-of-day processing, Bay Cities Bank determines the most efficient use of your cash. If your account contains an excess balance over the predetermined target balance, funds are paid on your outstanding line of credit first, then, all other cash is invested. If your account contains a deficit balance, funds are swept from the investment first, then, pulled from your line of credit.
 

Save time and money by using Remote Deposit Capture  instead of making trips to the bank. 

Bay Cities Bank provides approved customers with quality scanners that remain property of the bank therefore you never need to worry about replacement or repairs. Pricing for this service is determined from the type of business checking account you have along with your monthly collected balance. Flexible pricing typically varies from "no" monthly charge to $40 per month. 

Click here to watch an instructional video.

Bay Cities Bank provides Payments Processing and Lockbox Service for businesses or organizations that have a significant flow of receivables or donations.  Our service is designed to save your organization time and money.

We’ll process any type of payment and eliminate exceptions:  Many traditional Lockbox Services are unable to process some types of transactions, and actually create more work as a result.  Bay Cities Bank can process all types of payments, including those that are typically troublesome exceptions, such as:

• Full page documents 
• Incorrect document sizes
• Un-encoded documents
• Incorrect payment amounts
• Group payments
• Check only payments
• Credit/debit card payments

There’s no need for manual posting, data entry, photocopying and reconciling – or the typical resulting delays -- so you get more accurate, efficient, dependable, fully automated processing for all transaction types.

Call Kathy Vanater at 813-281-3488 for a no-obligation appointment or stop by Bay Cities Bank when you've outgrown the big banks!
 

Secure online access to your accounts. Enhanced security features are included to give you peace of mind about banking online.

Secure online access to your accounts with real time balances and account reporting, stop payments, account transfers, bill pay, check images and wire transfers. Make commercial loan payments, view loan history or advance on your Line of Credit.    

• View current balances and transaction history
• Make online transfers at your convenience
• Online stop payment access   
• View and print front & back of cleared check images
• Download transactions into Microsoft^© Money or Quickbooks^© software
• Pay bills online & avoid those trips to the post office