PRODUCTS & SERVICES
LOCK BOX SERVICE
Our in-house lockbox service provides efficient processing of your incoming payments. A post office box address is specifically dedicated to each management company. Payments are collected and processed on the same day that they are received and a payment data file is provided which can then be downloaded into your accounting software, thereby automating the posting process. An image archive of processed items is readily available on-line. This service provides a secure and efficient means of collecting and posting incoming payments, increasing cash flows and access to funds.
Electronic bank statements are available via secure email at the beginning of each month. Accounts can be reconciled earlier, your statements can be emailed to community associations and electronically stored.
Our Online Banking Cash Management service, part of NetBanker, enables you to initiate ACH transactions, such as preauthorized electronic debits for homeowner or other incoming payments. Electronic credits for payroll, vendor, tax and other outgoing payments can be initiated, as well. This reduces paper check handling, which provides more secure, efficient and effective payables and receivables processing.
Through Online Banking Cash Management in NetBanker, wire transfers can be initiated quickly and securely.
The convenience of making deposits from a computer desktop using DepositScan, is summed up 1-2-3:
- Scan a check using the bank-provided DepositScan scanner.
- Upload the image to the secure bank website.
- Follow the prompts to deposit funds.
All that is needed for you to get started is a North State Bank business checking account, a computer with high-speed Internet access, and a DepositScan check scanner.
Fees and credit restrictions may apply.
ONLINE BANKING WITH BILL PAY by NetBanker
With Online Banking, accounts can be accessed anytime and anywhere there is a secure Internet connection. With this service, you can:
- Check account balances
- Verify deposits
- Make North State Bank loan payments
- Confirm checks that have cleared
- Transfer funds between accounts
- View images of the fronts and backs of items that have paid on an account
- Make bill payments with the optional Bill Pay service
ONLINE PAYMENT PROCESSING
In just a few clicks, homeowners can make their payments online by both credit card and e-check.
Through CDARS (Certificate of Deposit Account Registry Service), your CD investments can be consolidated and remain FDIC-insured up to $50 million. This means investments for community association accounts can be placed at one bank with one 1099 report per owner.
“Competitive and responsive” is how customers refer to our ability to meet the lending needs of community associations and property management companies.