CASH MANAGEMENT SERVICES

Cash Management Internet Banking: All the features of internet banking with the following additional features: Ability to submit wire transfers Administrative authority to add employees with individual access rights Sterling Daily Fax: Allows customers to have their balances faxed to them daily. Sterling EZ-Access Phone Banking: Automated system that provides customers the ability to access their balances by phone, and perform internal transfers between accounts. Sterling Business Banking Card: A Visa Debit card issued to individual employees each with their own specified credit line. Controlled Disbursement: Provides the status of checks paid via Sterling Internet Banking by 10:00 a.m. allowing customers to view their checks prior to processing. E-Statements: Email sent directly to customers notifying them that their statement is ready and provides online access to the statement. Click here to sign up for E-Statements today. ACCOUNT RECONCILIATION If your business issues numerous checks daily, Sterling's automated reconcilement processing system (ARP) can provide you with full or partial reconcilement. PARTIAL ARP: A separate computer printout is provided to you showing all your checks. The checks are listed by check number and dollar amount. FULL ARP: A more complete package that includes: - Listing of issued and paid checks. - Monthly status and balancing of your account. - Printed report of all activity. - Processing by diskette or magnetic tape or electronic transmission. This service will eliminate hours and days spent by your staff performing a function that is better done by automation. Thereby, increasing staff productivity. For more information, call your account officer or Vivian Tarnowski, Cash Management Department at (212) 760-9627, e-mail Vivian.Tarnowski@sterlingbancorp.com. CASH CONCENTRATION Cash Concentration is a method by which a Sterling depositor with multiple collection points (sales outlets, lock box networks, etc.) can electronically transfer funds deposited in local bank accounts into a Master Cash Concentration Account at Sterling Bank. Advantages: 1) Funds are credited to your account the day after receipt by Sterling. 2) Reduces the cost associated with a manual collection system (cutting checks, envelopes, postage). 3) Funds are transferred through the Automated Clearing House (ACH) to the Federal Reserve Bank final credit to your account at Sterling National Bank. 4) It incurs a substantially lower cost than using Fed Wire Transfer Plus, we can arrange for Zero Balance Checking to deposit all your funds into a single cash concentration account and sweep from your cash concentration account to fund your accounts payable, payroll or other checking accounts. For more information, call your account officer or Vivian Tarnowski, Cash Management Department at (212) 760-9627, e-mail Vivian.Tarnowski@sterlingbancorp.com. DIRECT DEPOSIT OF PAYROLL Direct Deposit allows you to deposit your employees' pay directly into their bank account via the Automated Clearing House (ACH) network. Your employees fill out a form that you provide, authorizing you to make payroll deposits into their checking or savings account. Direct Deposit is a more efficient and effective method of issuing your payroll. Conservative estimates show that businesses utilizing direct deposit save anywhere from $5.53 to $1.51 on every payroll check processed. These estimates do not take into account the considerable money saved by keeping employees in the office and out of bank lines on your time. Your Account Officer will contact the Cash Management Officer who will handle all the details. For more information, call your account officer or Vivian Tarnowski, Cash Management Department at (212) 760-9627, e-mail Vivian.Tarnowski@sterlingbancorp.com. PAY TM CARD THE FACT: Nearly a quarter of all employees nationwide don't have bank accounts. THE CHALLENGE: No matter how efficiently your company handles the rest of its payroll, you still need to process, produce, distribute, cash and reconcile payroll checks for your employees who don't have bank accounts. THE SOLUTION: The PAYTM Card from Sterling National Bank. Paying employees who don't maintain bank accounts is simple with the PAYTM card. THE PAYTM CARD It Pays...In So Many Ways. The PAYTM Card from Sterling provides more than a complete, electronic solution to the payroll process. It also lets you automate a wide range of other employee payments and distributions, including: Cash Advances Travel, Transportation, and Per Diem Payments. THE RESULT: you can reduce idle balances, administrative burdens and the costs of producing and cashing paper checks. For many companies, finding a simple, cost-effective way to pay most employees is not an issue. Direct deposit of payroll can handle that task. The challenge is finding an equally simple, low-cost way to handle payroll for your employees who don't have bank accounts. This task places a great demand on your Accounts Payable budget and staff. Now, there's a solution: the PAYTM Card from Sterling - a debit card your employees can use at any time to get their pay from automated teller machines (ATM) and point-of-sale (POS) locations nationwide. With the PAYTM Card you can pay employees who don't have bank accounts with the same ease and convenience your ACH direct deposit program offers to those who do. And all of your employees - at all wage and salary levels - enjoy the benefits direct deposit brings, including the sense of confidence that comes from working for a company that cares about their finances and their futures. The benefits the PAYTM Card offers to your company are significant: You'll reduce the costs associated with producing, cashing, clearing, and reconciling paychecks. You'll cut down on the administrative burdens facing your treasury, accounts payable, human resources and payroll staffs. Your treasury will enjoy more effective cash management - especially, if like many companies, you have traditionally provided pay advances to employees going on vacation. You'll benefit from improved productivity by eliminating the need for employees to take time off to cash checks. And, you'll enjoy a reputation as a progressive employer providing an important employee benefit while reducing costs. The advantages the PAYTM Card brings to your employees are just as important: It's convenient. Because funds are available at so many ATM and POS locations, employees can access cash near work or home 24 hours a day. It's fast. With the PAYTM Card, employees won't have to take time off work or wait in long lines to cash their paychecks. It's worry-free. There's no need to make special arrangements to get paid if employees are ill or on vacation on payday. It's safer: There's never a need to worry about losing a paycheck or carrying large amounts of cash. It's cost-effective. With the PAYTM Card, your employees avoid check-cashing fees, which can cost them a significant percent of their take home pay. PUT THE PAYTM Card TO WORK FOR YOU TODAY The PAYTM Card can be a true strategic asset in your company's cash management and employee relations programs. To learn the many ways the PAYTM Card can benefit your company, contact: Vivian Tarnowski, Cash Management Department at (212) 760-9627. LOCKBOX Depending upon which area of the country you receive your funds, Sterling's Lockbox Service can convert your customers' payments into usable cash and provide availability sooner. We process retail payments with OCR scan lines and wholesale payments as well as provide a wide range of custom electronic and paper reporting. This means next day or two day availability of your money, so your money can work for you sooner. Sterling National Bank will handle all the details. We arrange for a special post office box, process the payments, deposit funds into your account, provide necessary documentation, and report to you the daily activity. So you not only make greater use of your cash, you drastically save on clerical time and labor costs. For more information, call your account officer or Vivian Tarnowski, Cash Management Department at (212) 760-9627, e-mail Vivian.Tarnowski@sterlingbancorp.com.