Cash Management Services from Sterling National Bank provide the right solutions to help Unions monitor and control their cash flow. Our experienced team of Professional Bankers understands the difficult challenges Unions face in a dynamic environment and are dedicated to helping you make the most out of managing your funds.

Security Where You Need It

For retirement and employee benefit plans, each participant's interest in the plan is insured by FDIC "Pass Through Insurance" providing up to $100,000 per participant regardless of the accumulated balance in the plan accounts. Sterling's Trust Services can provide demand account services under the Trust Umbrella ensuring that your funds earn interest while remaining fully secure.

Electronic Funds Management From Your Desktop

With state-of-the-art Sterling Cash Management Internet Banking, you can manage your accounts safely and securely 24-hours a day, 7 days a week. Cash Management Internet Banking provides full wire transfer and inter-bank transfer capabilities as well as transaction and balance reporting. All transactions can be downloaded effortlessly for application to your accounting system for reconciliation purposes. For added security, a designated administrator can set the appropriate authority level for each user.

Reconciliation Made Simpler

Sterling's Account Reconciliation Processing (ARP) streamlines the reconciliation process allowing you to devote more time to other business areas and reduce overall monthly administrative costs. Sterling will provide you with a report of outstanding checks, opening and closing balances and a summary of activity on the account. Reports can be customized to your specific needs. In addition, for your protection, we offer Positive Pay Service, an effective fraud deterrent service, which matches up your checks issued against what is clearing daily. Items you have not reported create an exception allowing you the option to return them before they are paid, protecting you from check writing fraud.

Electronic Recordkeeping with Less Paper

If you rather not wait for your account statements to arrive in the mail, you can benefit from Sterling's E-Statements. With E-Statements, electronic statements are delivered right to your desktop the first day after the statement cut-off. E-Statements include paid check images and they can be easily printed when you need them. Sterling's CheckingPlus provides a monthly CD-ROM with your account statements and paid check images as well as images of deposited checks delivered to your location. You enjoy the convenience of having a permanent record of your transactions with the option to search for and print transactions when needed.

Quicker Collections with Customized Reporting

Sterling's Lockbox Services save you the time and trouble of collecting and processing your check deposits and reduce the processing costs associated with these incoming payments. Checks from your clients are sent directly to a post office box administered by Sterling. Deposits are frequently picked up, processed and credited to your account daily. Sterling can report the information to you in a format which suits your needs and can even provide images of the checks that are credited to your account.

Timely Payments in Less Time

Sterling's Corporate Bill Pay, an accounts payable management system, helps unions manage float, save time, reduce costs and streamline record keeping by using the Internet. You can schedule one-time electronic payments for specific amounts on specific dates or choose auto-payment for recurring payments. Each set of payment instructions can include key remittance data, enabling the recipient to easily identify your account and credit it properly. In cases where electronic payments are not possible, we send a check on your behalf. Online access lets you analyze payment history by date range, payee or amount at any time.

Financial Services the Way You Need Them

At Sterling, no solution is too large or too small. We provide customized solutions for your specific needs tailored especially for your Union.

For more information, contact Debra Washington, Vice President at 212.935.3480 or email to debra.washington@sterlingnationalbank.com.