Treasury Services

Convenient, easy and secure ways to move your money.

Piedmont Federal Bank offers you tailored solutions to protect your assets, save you time and manage your cashflow with confidence.

Features and Benefits:

• ACH Originations – Make ACH payments to multiple recipients. Pay or receive funds from individuals, vendors or suppliers.
• Wire Transfers – Transfer funds domestic and internationally for same day availability of funds.
• Remote Deposit Capture – Electronically scan your checks and securely transmit deposit data for posting to your accounts.
• Positive Pay – Enjoy peace of mind with fraud protection for checks and ACH.
• Sweep – Move money between Piedmont Federal checking, investment and line of credit accounts automatically.

Remote Deposit Capture

Piedmont Federal offers your business the convenience and cost savings of making check deposits from your office or store, on your own time and terms, rather than only when the branch doors are open.

• Scan multiple checks and transmit check images and data directly to Piedmont Federal.
• The only equipment needed is an internet-ready computer and a scanner that can be provided by the bank.

Positive Pay

Offers fraud protection for checks issued and ACH transactions, along with ability to upload account transaction data into your accounting software. Submit your file to the bank, and let the system do its work when an item doesn’t match.

Sweep

Want your excess balances to work harder for you? Automatically “sweep” leftover balances after daily processing into a bank deposit account for a better return, and/or into a business line of credit to help reduce interest costs.

Wire Transfers

Send domestic wires for same-day availability of funds.

Businesses can also send international wire transfers online through our secure platform, with multi-currency support and real-time tracking.

PayRecs is an international B2B payment platform that partners with financial institutions to offer secure, automated, and streamlined cross-border payments. It enables businesses to send funds in over 145 currencies, hold balances in 30+ currencies, and track payments in real-time.