Funds Management

Get the most from your money—and run your business more efficiently—with Park Bank OnLine, sweep accounts, account analysis, deposit pick-up and more from Park Bank.

Retail Repurchase (Sweep) Account

Earn interest on excess available balances. Park Bank’s Sweep Account maximizes the full earnings potential of available cash by “sweeping” excess funds to a full collateralized interest bearing investment vehicle each day. You receive a receipt daily confirming investment balance and collateral information.

Zero Balance Account (ZBA)

A Zero Balance Account (ZBA) is a disbursement account on which checks are written, even though the account balance is maintained at zero. As checks clear the account, funds are automatically moved from the main account to cover incoming items.

Automated Clearing House (ACH)

Park Bank's Automated Clearing House (ACH) is the most cost-effective and timely way to move money. Accessible through our online banking suite, Park24 ExecuBank, ACH lets you efficiently disburse employee payroll through direct deposit, move funds between banks, or electronically collect receivables through direct payment.

Electronic Banking

Park Bank offers several electronic business banking options. You can access account information, initiate stop payments, transfer funds and more through our secure direct-dial server or Internet connection.

Deposit Pick-Up

Park Bank will maximize your available funds—and save you time and money—with our unique Deposit Pick-Up service. Come rain or shine, make it to the bank on time.

International Services

Let Park Bank help you do business in the international arena. Through our correspondent banks, we provide the following services:

• Currency Exchange (spot and forward transactions)
• Foreign Currency (Bank Notes) "Ordered or Redeemed"
• Foreign Check Conversion to U.S. Dollars
• Foreign Currency Travelers Checks
• International Letters of Credit
• Documentary Collections
• Foreign Draft Issuance
• Foreign Wire Transfers

Wire Transfers

Park Bank provides an efficient and secure system for moving funds between banks, both in the U.S. and abroad. Our online link to the Federal Reserve lets us handle wires directly, without relying on other banks. Domestic wire transfers give you same-day availability of funds to receiving bank accounts.

Lockbox Services

Our Lockbox Service accelerates the collection of remittances through a reduction of mail float to improve your availability of funds. All remittances are verified, endorsed and deposited to your account on the same day, and you’ll receive a listing of receivables via email, fax or phone.

Night Deposit

You can make business deposits after banking hours at most Park Bank locations. Deposits are secure and credited to your account on the next banking day. Locking deposit bags are also available.

ATM Placement

Generate additional revenue and reduce the expenses associated with non-cash transactions. ATMs provide an attractive return on investment in a limited space.