As a business owner, safeguarding your financial operations is crucial to your success. Unfortunately, with the rise of sophisticated criminal tactics, fraud has become a growing threat. At BankProv, we are committed to helping you protect your business from these risks. Here are several ways we can assist in securing your finances:
Online & Mobile Banking: Whether you’re at the office or working remotely, our online and mobile banking is an easy, convenient way to manage your finances 24/7. Set up recurring payments to ensure bills are paid on time, initiate same-day ACH transactions, pay invoices, and handle disbursements with ease. You can also add multiple users with customizable access and connect your account to QuickBooks for seamless accounting integration. With Fingerprint ID or Face ID login and suspicious activity alerts, your accounts stay protected from unauthorized access.
Cash Management: Managing payables can be a challenge, but our cash management team is here to simplify the process. BankProv offers secure processing of transactions and supports all your remittance and payment needs, helping you to optimize cash flow while reducing the stress of day-to-day operations.
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- Check Positive Pay: One of the most effective tools in check fraud prevention, Check Positive Pay compares the details of checks presented for payment against a list of checks previously authorized and issued by the business. It works by flagging any discrepancies, such as mismatched check numbers, dollar amounts or payees, triggering an alert for further review and validation before payment is processed. You then have the chance to approve or reject suspicious checks before the payment is processed.
- ACH Positive Pay: Electronic debit fraud is on the rise, but ACH Positive Pay helps prevent authorized ACH transactions. This service allows you to easily monitor ACH activity and create rules around approved vendors and transaction limits. Should an ACH transaction fall outside of your established rules, you receive an alert allowing you to approve or deny the transaction.
- Remote Deposit Capture (RDC): If you frequently deposit checks, you might want to consider a remote deposit solution such as Remote Deposit Capture. With RDC, you easily deposit checks from your location with check scanning machines or your mobile device, which securely transmit electronic images of the checks to BankProv for processing. No need to for those end-of-day bank runs to deposit checks – this efficient solution gives you more time to focus on your business.
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Fully Insured Deposits: Since 1934, BankProv has provided 100% fully insured deposits at no additional cost or complexity to our clients thanks to the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). The combination of FDIC and DIF insurance allows us to provide our customers with complete peace of mind with insurance on all their deposit accounts above and beyond the $250,000 per depositor FDIC limit. No depositor has ever lost a penny in a bank insured by both the FDIC and the DIF.
Relationship with your Banker: At BankProv, we don’t just offer banking services – we offer a partnership. Regardless of the size of your business, you will have a dedicated account manager who works alongside you throughout your entire relationship with us. Your banker will help you navigate the right products and services for your needs, ensuring your business has the support it needs to grow.
Stay Protected with BankProv
For more tips on keeping your business secure, check out our blogs on Protecting Yourself Against Common Scams and The Rise in Check Fraud. As criminals continue to evolve, so do our cutting-edge solutions—ensuring your business remains one step ahead and protected with BankProv on your side.