Products and Services

Banking designed for community association management companies:

DEPOSIT SERVICES

The core of most banking relationships starts with a deposit product, such as a checking account or money market.

LOCK BOX SERVICE

Our in-house lockbox service was designed to quickly and securely collect and post incoming payments.

INDUSTRY SOFTWARE INTEGRATION

We can integrate with many industry software packages, streamlining numerous day-to-day account functions

ONLINE AND MOBILE BANKING

Our digital services allow you to complete many common banking transactions from your computer or mobile device.

CASH MANAGEMENT

Take Online Banking to the next level with the addition of Cash Management Services.

REMOTE DEPOSIT CAPTURE

Deposit checks from your desktop with a bank-provided scanner and our Remote Deposit Capture technology.

PAYMENT PROCESSING

Our payment processing solutions can help expand your customers’ payment options and streamline your operations.

ICS and CDARS

With ICS® and CDARS®, your firm can access up to $50 million in FDIC protection (per association) through your banking relationship with CommunityPLUS.

Our community association management accounts are tailored to the needs of the community association management industry. Talk to one of our bankers to learn more about our deposit services.

Payments are processed the day they are received. We provide an easily downloadable payment data file, which enables your firm to automate the posting process. Plus, an image archive of processed items is available 24/7 through your CommunityPLUS online portal.

Enjoy the benefits of industry software integration, including¹:
• Downloading daily payment files
• Uploading homeowner validation and blocked files
• Reconciling bank accounts

¹ Integration features and functionality are determined by the industry software solution used by the customer.

With Online and Mobile Banking you can:

Cash Management services are designed to help you maximize cash flow and streamline operations. With it you can:

• Assign customized access and rights per user
• Electronically draft homeowner dues/fees
• Initiate wire transfers
• Require dual authorization to complete certain transactions, such as ACH activities or Wire transfers
• Detect fraud with Positive Pay, which helps detect altered or unauthorized checks.

Fees may apply for Cash Management services.

We offer flexible payment processing solutions, including:

• Lockbox services
• Automatic drafts through ACH
• Credit Card and eCheck processing

INSURED CASH SWEEP (ICS) AND CERTIFICATION OF DEPOSIT ACCOUNT REGISTRY SERVICE (CDARS)

ICS is a money market-style account where depositors may withdraw funds up to six times per month. CDARS is a CD-style account, where funds are considered a time deposit, meaning there is a specified period of maturity based on the term you selected.