Treasury Services

Deposit money without ever leaving your office. With our remote deposit solution, you just scan your paper checks and send the scanned images electronically to Inwood National Bank for deposit into your checking account.

Remote Deposit

Mobile Remote Deposit

As items are deposited or presented for payment, money is moved to/from the company’s operating account. This account will increase cash flow and make reconciling easier.

Wire Transfers facilitate the sending or receiving of available funds between two parties. Funds are moved directly from one bank account to another. They are a quick and convenient means for funds transfer with a high level of security. Wire requests may be accepted by phone with the use of a security code and signed agreement. For more information about our fees, cut-off times, and preferred methods to request a wire, please contact Treasury Services at 214.351.8710.

Positive Pay is a tool that helps minimize check & ACH fraud. With Positive Pay, you pre-authorize items prior to payment and as each item is presented for payment, the Positive Pay system electronically compares it to the information provided. If an item does not match a record you provide, it is flagged as an exception and referred back to you for a payment decision.

Reverse Positive Pay gives business customers protection against altered check amounts, unauthorized drafts and most counterfeit items. With Reverse Positive Pay, business customers perform a daily audit by reviewing the information on all of the items presented and then decide which items should be paid.

Lockbox Services expedite funds availability and reduce in-house deposit processing costs. Through a Post Office Box arrangement, remittances are received, processed and deposited directly at Inwood Bank on your behalf. Image copies of deposited checks are available for viewing via online reporting.

A convenient, time-saving solution that enables you to make bank deposits without leaving your office. Inwood Bank arranges for a messenger to pick up deposits which are delivered to the bank.

Benefits:

• Convenience
• Safety
• Time-saver for you or your employees

Send and receive payments in over 80 currencies worldwide, and settle conveniently via wire or draft. Protect your profits from sudden market fluctuations with a full suite of hedging products including forward contracts, foreign currency options, option-combination strategies and non-deliverable forwards.

A payroll card allows you to offer direct deposit to those employees who do not have a traditional bank account or would prefer not to have their pay deposited to their existing bank account. In addition to decreasing your company's payroll costs and risk of check fraud, it allows your employees to access funds everywhere Visa is accepted. And, with their payroll card and PIN they are able to access cash worldwide, saving them time and costly check-cashing fees.

An ACH is an electronic payment made through the Automated Clearing House network. The most commonly known form of ACH is a Direct Deposit, which is a credit to an account, but ACHs can also be debits or as they are sometimes called collections. ACH replaces the need for paper items, such as checks, allowing for faster processing times and greater control.