For decades Sterling National Bank has been helping
law firms operate more efficiently with targeted cash management services and comprehensive responses to
a variety of financial and administrative needs.
Specialized Accounts and Services
Sterling simplifies your processes and compliance requirements when holding qualified funds on your clients' behalf. As a participant in the New York State Interest on Lawyer Accounts (IOLA) program, Sterling can establish an account separate from your operating account for smaller or short-term client deposits that do not require individual attorney trust accounts.
For your firm's Master Attorney Escrow Accounts, Sterling takes care of all management details, including preparation of year-end 1099s. Each client has a sub-account that is linked to the firm's master escrow account for efficient recordkeeping and authorized fund transfers.
If your practice requires a high volume of certified checks, EZ-Cert enables you to issue them right from your desktop through a secure Sterling Internet site.
We provide the dedicated encrypted printer, modem and security check paper stock. For more information on EZ-cert click here.
Convenient Fund Access and Account Management
Sterling Cash Management Internet Banking lets you do all your banking functions - from operating and escrow accounts - right in your office. Check real-time balances, transfer funds, review the day's transactions, all from your desktop. Security is assured through the most up-to-date technology and administrator functions that determine employees'
level of authority.
Corporate Bill Pay lets you pay all your bills electronically. Once you set up a payee in the system you can send one-time or recurring payments on the date you designate. Transactions can be downloaded to your accounting software, and payment history remains available online for quick analysis.
Daily Fax Service - Receive a morning fax with the previous day's closing balance and account activity. Keep track of daily payments coming in so you can reconcile your books in a timely manner.
Customized to the Needs of Your Practice
Sterling can help you address the unique cash management needs of your firm. For example, firms with multiple offices may benefit from Cash Concentration to consolidate funds from different locations or Zero Balance Checking to provide just-in-time operating cash to your branch locations.
Merchant Services
Offer your clients the ability to pay by credit card, a convenient alternative to speed payment for services rendered and to deliver funds directly to your account, cutting paperwork and improving cash flow.
Other Cash Management Services
- E-Statements
- Payroll Direct Deposit
- Automated Reconcilement Processing
- ACH origination
- Lockbox
- Controlled Disbursement
- Account Reconcilement Processing
- EZ-Access 24 Hour Telephone Banking
A Full Range of Financial Solutions
As a full-service bank, Sterling also offers a full line
of commercial financing services. Our commercial lines of credit, equipment leasing, asset based, factoring,
DIP and commercial real estate financing are available to support the business needs of you and your clients. Sterling is also ready to provide for the personal financial needs of you and your clients by offering private and professional banking, trust and estate management, personal lines of credit and residential mortgages.
For 75 years, Sterling National Bank has provided the highest level of personalized service from our experienced banking officers that know your industry. Just as law firms provide a broad array of services that are tailored to each client's needs, Sterling provides solutions specifically customized to your law firm's needs. At Sterling, there is no voicemail, you always have a person to speak to that will provide you with the right answer when you need it.
