As one of California Bank & Trust’s Treasury Management solutions, Electronic Funds Transfers (EFT) let you initiate electronic transactions to distribute funds from your checking accounts. It also eases the way for efficient collection of customer payments. That saves you and your organization significant time and money while streamlining operations overall. And it’s all so easy to do.

Improve Payables

With EFT, you streamline the entire accounts payable processes. You can:

• Initiate electronic transactions to distribute funds from your accounts
• Collect funds from your customers’ accounts
• Eliminate the need to prepare and send paper checks and invoices
• Schedule disbursements for any kind of payment
• Lower your administrative costs
• Reduce the need for check preparation, mailing, reconciliation and stop payments
• Eliminate reissue costs for lost or stolen checks
• Avoid interest and late charges by scheduling payments to post on time
• Make salary, travel, expense and other benefit payments directly to employee accounts
• Support your organization’s liquidity and account management

Improve Operations

By streamlining payables with EFT, you help improve your entire business operation. And it’s not a major operation to implement.

• Payment instructions are sent in an industry-standard NACHA format
• Future-dating of transactions is available
• Daily ACH[cite::125::cite] activity can be viewed online
• ACH Return Reports are transmitted through:
  • Treasury Internet Banking
  • FAX
  • Secure File Transmission (SFTP)