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Use GuarantyNet® to view controlled disbursement presentments. Account Reconciliation Guaranty offers several reconciliation plans to simplify your internal bookkeeping procedures and meet your business requirements. These include:
CD-ROM Check Imaging At the end of each statement period, you will receive a CD with images of all the checks that cleared your account, enabling you to perform research in a timely and efficient manner. With CD-ROM Check Imaging, you reduce check storage requirements, improve efficiency of retrieving copies or images of checks, decrease administrative time required to manage check storage and increase responsiveness of research requests. Positive Pay Guaranty Bank's Positive Pay assists in the fight against losses due to check fraud by performing a daily reconcilement of your company's issued checks against checks presented for payment. Any checks that fail to match are rejected, and Guaranty Bank will notify you daily of the exceptions. You will then have the ability to make pay/return decisions on each unmatched/suspect check and see images of these items. Controlled Disbursement Account A Controlled Disbursement Account provides accurate, timely information on daily disbursement checks cleared. It eliminates idle or excess funds previously maintained in a separate disbursement account and provides your cash manager with early-morning notification of cleared checks. Zero Balance Account (ZBA) The ZBA automatically reviews and manages the cash position of your various disbursement accounts, eliminating the need for maintaining large working balances to avoid overdrafts. The ZBA automatically transfers funds from the master account to pay for checks drawn against your different disbursement accounts and keeps the disbursement accounts' ledger balances at zero. As a result, all available cash is readily identifiable in one easily managed master account. With the ZBA, you achieve centralized control over your cash balances and available funds, save time with fewer accounts to monitor through GuarantyNet® and avoid the expense of overdrawn accounts. Wholesale Lockbox The Wholesale Lockbox is a collection mechanism for your company's receivables to increase efficiency and provide you with daily notification of all checks deposited. Your customers mail payments directly to a Guaranty-assigned post office box. Guaranty then processes and deposits the total checks received for your company each day. With Wholesale Lockbox, you reduce mail float between your customer and your company and eliminate daily trips to the bank to make deposits of receivables. Sweep Investment Account1 The Sweep Investment Account from Guaranty Bank automatically moves idle funds in your corporate non-interest-bearing demand deposit account into a money market investment account. You can set the target balance in your demand deposit account to support bank services. Any collected balances in excess of the targeted amount will be swept into your investment account. Guaranty Bank offers a variety of money market mutual funds, both taxable and tax free, and all AAA rated by various rating agencies (ask for a current prospectus). All investments are calculated at the end of the business day for the next-day investment, ensuring all transactions have been included when determining the target and collected balances. Your sweep investment account remains liquid, and funds are invested and redeemed automatically. Investment dividends are paid on the first business day after the close of business of an investment month. A sweep account:
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