Commercial Cash Management Checking is designed for businesses with comprehensive transaction and reporting needs that require a broad range of options, including sophisticated online account tools.
Benefits:
- Complete flexibility for customers with more complex needs
- Variable pricing based on service options selected
- An earnings rate is applied to balances, which generates a credit that can offset service charges
- The ability to group accounts together on Account Analysis to take advantage of combined balances
Interactive Reporting & Initiation Services (IRIS)
The IRIS treasury management system is Sovereign's state-of-the-art, Web-based information reporting and transaction initiation system.
With IRIS, any computer can be your virtual bank by providing a continuously updated view of your business's financial position, and instant access to a full range of transaction initiation capabilities. And because IRIS offers you the ability to assign user privileges, you can maintain security and delegate work easily, efficiently, and effectively.
Added-Value Features
Once you select the right core business checking account, enhance it with the following added-value services:
- Three automated sweep services that can offer greater return on idle cash than traditional, interest-bearing bank accounts.
- A 1% interest rate discount on small business lines of credit or loans when you have payments made automatically from your Sovereign business checking account.
- A no-annual-fee Sovereign Business ATM Card or Debit Card, including 24-hour banking at Sovereign and other financial institution ATMs.
- Free access to Sovereign's online tax payment service to make convenient state and federal tax payments.
- Faster payments and collections through access to online ACH and wire transfer systems.
Additional Business Services
When your needs go beyond checking accounts, Sovereign has the following selection of business services that can help you manage your finances more smoothly:
