Sound Cash Management Services   First Sound Bank offers services to make your finances more manageable. Selecting the right Cash Management components can make more productive use of the two most critical components of your business -- your time and money. Sweep Accounts Information Reporting Automated Clearing House (ACH) Wire Transfers Stop Payments Zero Balance Accounts Account Reconciliation Positive Pay Lockbox Services Account Analysis   Sweep Accounts   The Sound Cash Sweep Account combines a business checking account with a FDIC-insured money market account. Funds in excess of your "target" checking account balance are automatically transferred daily into your money market account. Funds are automatically swept back into your checking account as needed to cover debits. Maximize the value of idle cash Enjoy convenient automated funds transfers Get competitive money market rates The Sound Cash Sweep Account is an attractive cash management option for businesses with surplus daily cash balances. FDIC Insurance on each First Sound Bank Cash Sweep Account will be limited to a combined total of $100,000 for all deposits held in the same legal ownership category for each depositor per bank, which includes the First Sound Bank Cash Sweep Account and any other balances held directly or through other intermediaries. The Sound Investment Sweep Account is similar in that it also automatically "sweeps" excess balances from your checking account daily. However, the Investment Sweep Account transfers the balances into a non-FDIC insured investment account that pays attractive money fund returns. Choose from treasury and tax-exempt money fund investment options. Call customer service at 206-515-2004 for daily rate quotes. You should carefully consider the investment objectives, risks and charges and expenses of a fund before investing. A fund's prospectus contains this and other information. A prospectus for any of The Reserve Funds may be obtained by writing to: The Reserve Funds, 1250 Broadway, New York, New York 10001-3701 or by calling 1-800-637-1700 and pressing "0." You should read the prospectus carefully before you invest. An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund. Money market yields may vary.   Information Reporting   First Sound Bank's Online Banking offers up-to-the-minute account information via the Internet. With access to the Internet, your account information is available 24 hours a day from your PC.   Balance Reporting View Current, Available and Collected balances (current and previous day) on all your accounts. View transaction histories. Up-to-the-minute information allows you to monitor and manage your daily cash position. Download account information to spreadsheets for analysis. Funds Transfers between First Sound Bank Accounts Make transfers between First Sound Bank accounts to maximize your cash flow. With "real-time" access, funds are transferred immediately. View your transfers as soon as they're made with Balance Reporting.  top ACH (Automated Clearing House) Payments   With ACH (Automated Clearing House) payments from First Sound Bank, your company can save both time and money. You'll enjoy the convenience and efficiency of processing transactions electronically.   With First Sound Bank Online Banking Cash Management, you may create ACH files for all types of payments or collections. If you already own software that creates files in ACH format, you can use Online Banking Cash Management to submit those files to us for processing. We do the rest!     Direct Deposit   Provide your employees with the benefit of receiving their paychecks electronically. As an employer, you'll enjoy the convenience and efficiency. Your employees will enjoy the security and on time delivery. Direct Deposits may be directed to any bank your employees choose. Saves your company time and money. Reduces the operating expenses associated with manual check writing. Allows employees to use their workday for work. No lunchtime trips to the bank to cash their paychecks. Once deposited, funds are available immediately for employee use -- no matter where they bank. No more waiting for checks to clear. Employees don't have to make arrangements to pick up checks when they're out of the office or on vacation. If payroll checks are mailed, eliminates the worry of having a check lost or stolen.   Consumer Payments (Automatic Deductions)   Collect payments from your customers by deducting the amount due from their account, wherever they bank. No more late payments from customers. Receive payments on-time for goods or services rendered. Recurring payments are made quickly and easily. No more worries about whether your customer's check will clear. B2B (Business-to-Business) Payments   Use ACH for payment of your invoices to your vendors and suppliers. Payments are made quickly and easily. Saves your company time and money. Reduces the operating expenses associated with manual check writing. Cash Concentration or Disbursement   If you have offices in other locations, utilizing multiple banking relationships, you may use this feature to consolidate funds from those accounts into your First Sound Bank operating account. Consolidate funds from other financial institutions. Transfer funds to other accounts. Tax Payments   Make your required Federal tax payments (payroll withholdings, quarterly estimates, etc.). If you're not currently participating in the EFTPS federal tax payment program, we can help you enroll. There are many payment options available. For more information, visit the EFTPS web site: http://www.eftps.gov/.  top   Wire Transfers   Wire Transfers at First Sound Bank are quick, efficient and safe. You can originate a wire transfer simply by picking up the telephone or logging into Online Banking Cash Management. Wired funds receive immediate credit. We notify you of any incoming or outgoing wires. Accurate beneficiary information means your payment goes only where it's intended. Wire funds on a regular basis? We can set up your account with repetitive wire instructions. All you need to provide is a special code and the amount you'd like to wire. We'll confirm your wire request against your repetitive wire instructions.  top   Stop Payments   Placing a stop payment order can be initiated either on-line or by telephone or fax. The stop payment status will be in place for a maximum period of 2 years.  top   Zero Balance Accounts   A Zero Balance Account gives you the ability to consolidate funds from special use accounts you may have (i.e., payroll, operating or expense accounts) into a single primary account. When a deposit is made into a special use account, the exact amount is automatically transferred at the end of the day into the primary account. Likewise, as checks are presented for payment against a special use account, the exact amount is automatically transferred from the primary account. The balance of the special use accounts will always be zero. All your company's cash is consolidated into a single account. Balances do not sit idle in special use accounts. Transfers are made automatically, eliminating the need to for manual transfers.   top Account Reconciliation   Full Account Reconciliation takes your company's daily check issuance information and compares it to the current paid check detail. You get a fully reconciled statement with a listing of checks outstanding and exception items.   Reconciling your account can take a lot of time, especially if your company issues a high-volume of checks on any given account. Account Reconciliation services from First Sound Bank can help reduce the amount of time it takes to reconcile your account with one of the following services: Downloading daily paid items into QuickBooks or Quicken. First Sound Bank provides a monthly account reconciliation statement from your daily check issuing file.  top Positive Pay   Designed to help businesses prevent fraud, Positive Pay verifies the checks you have written and pays only those you have authorized. An electronic file is created for the checks your accounting system generates. The file is then securely transmitted to the bank where it can be matched to the actual check when it is presented for payment. If the information on file is not a match with the check presented for payment, an exception report is provided for your review and payment decision. You have until 10:00 a.m. that day to make a paying decision or the "default paying" decision will be used.   top Lockbox Service   With this service, your receipts are sent to the main local post office from locations across the city, region, or country. First Sound Bank has added value by partnering with a Lockbox Vendor Provider. Your receipts are picked up from the post office and process each morning. The deposit is made into your account, and the remittance information is then forwarded to you. A lock box speeds up delivery, reduces the float period and accelerates the conversion of your receivables into cash. It saves time for your employees by eliminating the need to open the mail, prepare the deposits and deliver them to the bank. The added security of knowing your money is going directly to your account, along with improved control and funds availability, makes this program an excellent benefit for business owners.  top   Account Analysis Statement   First Sound Bank attempts to structure your services to maximize the profitability of your banking relationship. Through the account analysis statement, you will be able to combine all the accounts. This enables you to see all the balances and service detail in a customer summary as well as individual account statements. Your accounts will be combined together allowing the collected balances from all accounts to be used in calculating your earnings credit that will be applied to help offset service charges.  top     Home    Privacy Policy    Terms of Use    USA Patriot Act    Identity Theft      TEL 206.515.2004     FAX 206.515.2005 925 Fourth Avenue Suite 2350, Seattle, WA 98104   © 2008 First Sound Bank. All rights reserved.