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.
INDUSTRY SOFTWARE INTEGRATION
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.
ONLINE AND MOBLE BANKING
With Online and Mobile Banking you can:
Check account balances
Deposit checks (with Mobile Banking and/or Remote Deposit Capture)
Make North State Bank loan payments
Confirm checks that have cleared
Transfer funds between North State Bank accounts and other financial institutions
View check images
View, print or save eStatements which are identical to our printed and mailed statements, including check images.
Cash management services
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.
Remote Deposit Capture
With Remote Deposit Capture, you can deposits checks in three simple steps:
Scan a check using the bank-provided DepositScan scanner.
Upload the image to the secure bank website.
Follow the prompts to deposit your funds.
To get started, you need a North State Bank business checking account, a computer with high-speed Internet access, and a DepositScan check scanner.
Fees may apply.
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.