Treasury Management

To many organizations, smart treasury management simply means billing quickly, and making sure there's more money coming in than going out. But that's just the beginning. As Bank of Nevada clients know, there are many treasury management strategies that businesses can use to improve cash flow, and minimize fees and interest paid while optimizing cash balances and interest earned. Smart treasury management can help you get ahead of the game.

At Bank of Nevada, we have a highly experienced team of treasury management professionals who will work with you to determine the best strategies for your business. Our experienced bankers can analyze your account activity and balances, to recommend an optimum balance for offsetting your expenses.

Should we find that you have excess funds, we can work with you to determine how to best utilize these funds, investing in competitive CDs or money markets, or paying down loans. We offer tools to help you efficiently collect receivables, manage payables, monitor account activity and maximize investments to make your cash work harder for you. Following is a selection of cash management tools we offer.

To learn more about putting any of these tools to work for you, talk with a Bank of Nevada treasury management professional today.

e-Deposit

With e-Deposit, you can make deposits directly from your office through the use of a scanning device. Checks are scanned from your location, and each scanned check generates an electronic image that is transmitted directly to a central processing center and into your account without going to the bank or using courier service - streamlining operations and improving fund management.

Key features:

Extended deposit deadlines
View reports electronically.
Scanner equipment models are available to fit your deposit volume.
Bank of Nevada support specialists

For more information, please contact your Bank of Nevada banker or our Treasury Management specialists at 702-248-4200.

Lockbox

Nevada's only locally-based lockbox service

Bank of Nevada's Lockbox Service provides you with Nevada's only locally-based post office box for payments sent to your company. We retrieve, process and deposit funds daily so there's no delay in getting money into your account. All deposits are imaged, so that they're available for viewing via the web on the same day. If preferred, information can be gathered from check and remittance coupons and formatted in a data file. You can review deposit reports, on CD, to see who and what has been paid.

Lockbox Benefits to Your Business

Speeds the collection of your business's receivables
Reduces the cost of in-house receivables processing, and improves your company's cash flow
Provides same day reporting and remittance information (you can view and record payments made)
Record keeping provides outside audit controls
Eliminates need to prepare deposits and take to the bank

Cash Vault

Reduce Risk, Improve Productivity

Eliminate the risk of employees transporting large deposits to and from Bank of Nevada with our convenient Cash Vault service. Whether you need a one-time pick-up or a regularly scheduled delivery, we can work with you to schedule armored car deliveries and pick-ups of your cash, coin and checks for deposit to meet your business requirements. We'll immediately post transactions to your account ledger so you'll always have the most up-to-date balances.

For more information, contact your Bank of Nevada Relationship Manager.

Automated Clearing House (ACH) Services

Faster, more accurate payments and collections

ACH processing allows your company to take advantage of the speed, accuracy and efficiency of electronic payments and collections:

ACH Credit

Electronically disburse payments to consumer and corporate customers and suppliers.
Electronic tax payments

ACH Payroll Direct Deposit

Electronically credit an employees' checking or savings account.
Use for expense reimbursements, bonuses, pension and other employee payments.

ACH Debit

Collect payments electronically from consumer and corporate accounts. Streamline remittance processing, provide more accurate and timely collection of payments.

ACH Benefits to Your Business

Reduces the costs of processing, storing and reconciling manual checks
Reduces payroll costs and employee time - employees receive credit to account automatically, no time spent at the bank depositing checks
Less exposure to check fraud, no lost or stolen checks, reduces the need to place stop payments or reissue checks
Improves cash flow and forecasting by collecting payments more quickly
Provides audit trail of payments

Account Reconcilement

Balance your company's checkbook quickly and easily

Bank of Nevada's Account Reconcilement Service gives you an automated way to balance corporate accounts on a daily, weekly or monthly basis. We offer full or partial reconcilement services that may be customized to meet your individual needs and work with your specific accounting system.

Full Reconcilement

Company submits a check issued listing file. This information is compared against the captured check paid information. Next, reports are generated, including an outstanding check list. A detailed report includes all checks issued, paid and outstanding during the reconcilement period.

Partial Reconcilement

You receive a detailed list showing all checks paid during the reconcilement period. Items are identifi ed by check number, amount and paid date. This information is generated automatically, requiring no input from you.

Account Reconciliation Benefits

Saves time and money spent manually balancing accounts
Improves control over disbursements
Improves audit control by documenting, tracking and verifying disbursements

Positive Pay Services

Companies who are committed to avoiding check fraud losses and are concerned about the reconcilement process are taking advantage of Bank of Nevada's Positive Pay service. Positive Pay has proven to be the most secure and effective mechanism to date for controlling check fraud losses. Through a continuously updated issue file, Bank of Nevada is able to identify potentially fraudulent checks, making early detection and return of unauthorized checks prior to the expiration of federally regulated deadlines possible.

Additional disclosures will be provided at account opening.

Zero Balance Accounts (ZBA)

Simplifies fund consolidation and eliminates manual fund transfers

With Bank of Nevada's Zero Balance Account, incoming deposits are immediately moved to the concentration account you designate. For outgoing disbursements, via paper or electronic, funds needed will be pulled from the account you've designated.

Zero Account Balance Benefits to Your Business

No need to manually transfer funds between accounts to cover cash flow requirements.
Reduces idle balances by consolidating deposits to a concentration account you designate
Reduces risk of overdraft by automatic transfers from concentration account to disbursement accounts

Additional disclosures will be provided at account opening.

Corporate Investment Sweep Service

As part of its Treasury Management suite of products and services, Bank of Nevada offers a complete array of overnight Corporate Investment Sweep options. This service is intended as a secondary investment vehicle for the transactional dollars flowing through a corporation's operating accounts. The process is completely automated and requires no monitoring by you. For a nominal monthly fee, available funds are swept nightly into either a Bank of Nevada repurchase agreement or selected mutual funds offered by Federated Funds.

Product Benefits

Our Corporate Investment Sweep Service provides you the opportunity to earn interest on your checking account balances. Featuring competitive rates, Corporate Sweep offers a daily investment tool that requires no monitoring on your part! Every dollar that is qualified for investment is captured. Interest is paid at each month end.

How It Works

At the end of each business day, the Bank will post the daily activity for deposits, checks and other account activity affecting your account balance. Once these items have posted to the account, the system will determine if additional funds are required to pay checks or other debits and will draw those funds from the investment, or recognize that there are excess funds available for investing. These invested funds are made available each day to fund check activity flowing through the disbursement account. The process is repeated each night at the close of business. The daily activity will be reflected on your account and investment statements.

Investment Options

Bank of Nevada Repurchase Agreements — Our Repurchase Agreements are backed by AAA-rated agencies such as Fannie Mae and Freddie Mac. Interest is accrued and paid daily into the funding account. You receive a daily repurchase advice by e-mail as notification of your sweep transactions.

Mutual Funds — Bank of Nevada provides a full menu of mutual fund types offered through Federated Funds. Fund types include municipal, treasury, government obligations, prime cash obligations and tax-free. A prospectus on each fund type is available at the time of selection.

These services are:

Not FDIC insured
Not bank guaranteed
May lose value