Cash Management

Magic-Wrighter's Electronic Transfer of Funds software provides your business customers with the convenience of transferring their funds electronically. They can transfer funds 24 hours a day without having to call your customer service department. This can be done simply by using any standard touch-tone telephone or their personal computer via an "800" access number.

Funds may be transferred between accounts at your financial institution, transferred into your institution from other financial institutions, or transferred into other financial institutions if the need arises. This is not a wire transfer. Each transfer request must be made at least one business day before the effective date. All transfers are immediately verified and confirmed by sending your business customer a fax confirmation receipt. Some of your business customers may find a substantial cost savings by replacing wire transfers with your new Transfer of Funds service.

The latest encryption technology and multi-level password protection is used to assure that all electronic transfers are safe and secure. This provides your business customers with the highest possible level of security.

The Transfer of Funds program is a powerful tool to help sweep funds from other financial institutions into new accounts at your institution. Other services such as payroll direct deposit can be initiated for business customers without "forcing" them to change all of their accounts at once. Simply set up a payroll account at your institution and let them transfer funds directly from their general account that may be at a different institution.

The convenience and control that is given to your business customers will attract them to more and more of your Electronic Payment services. Cash Management for business customers is at a whole new level of financial services and you will see your customer retention increase.