Treasury Management

You need to spend more time running your business and less time managing your cash flow.  With STAR Bank, we have a premier suite of business solutions designed to help you optimize your accounts receivable and payable functions. Whether it's payroll services, merchant processing or wire transfers, STAR offers innovative solutions that will benefit your business. It's all about creating and cultivating strong partnerships.

Experience efficient transaction management and reduced paperwork with STAR's advanced Automated Clearing House (ACH) system, accessible through your STAR checking account. Same-Day ACH and NACHA File submission.

 

Direct Deposit Convenience

Seamlessly deposit net pay, reimbursements, and other payments into employees' accounts, offering uninterrupted, paperless transactions for enhanced security.


Payroll Services

Lower payment-processing costs, improve cash control and increase employee satisfaction by offering time-saving benefits, like direct deposit and other electronic services. We work with all third party processors. 

Efficient Collections

Maximize fund availability by replacing paper invoicing with pre-authorized payments, electronically debiting customers' accounts for accurate and timely transactions.
 

Transparent ACH Payments

Enhance financial control by electronically paying vendors and suppliers, effortlessly tracking funds and receipts for payroll, rent, and fund consolidation.

If timely collection of payments is critical to your business, this comprehensive, flexible remittance banking service can substantially streamline your accounts receivable function. Use this remittance processing system to optimize mail payment processing and to improve the flow of information. With our online browser, electronic images of checks and remittance documents can be viewed online. Payments are mailed and processed to a local Indiana address.

Manage check fraud risk with a combination of our Account Reconciliation Plan (ARP) and Positive Pay service. We match your check issue information with data captured from the checks presented for payment against your account. Benefits include:

  • Avoid reputational risk associated with fraudulent checks created with your company's identity.
  • Steer clear of the potential burden of recovering from an identity theft event.
  • Reduce your exposure to fraud. Identify unauthorized transactions-including counterfeit or altered checks-before final payment.
  • Protect against over-the-counter encashment of unauthorized items.
  • Experience easy integration with integrated account reconciliation.
  • Take advantage of flexible transmission options including direct transmission and ARP Register maintenance.

At STAR, we work to make banking easier for you, so, what if all of your accounts automatically deposited into one account...without having to keep an eye on them? We offer a variety of sweep options that will help you manage your assets.


Sweep to Line of Credit

Our Sweep to Line service helps optimize your day-to-day cash management by establishing an automated link between your business checking account and your line of credit. The Sweep to Line service automatically keeps your commercial checking account at the target balance you select and pays down or advances funds from your line of credit to meet daily cash needs. Benefits include:

  • Maximum cost savings and convenience
  • Complete automation
  • Superior account reporting 

Zero Balance Account (ZBA)

After deposits and checks are presented for the day, an automatic transfer initiates, sweeping excess funds to or pulling funds from a master account to restore all sub-accounts to a zero balance. It is a cost-effective way to concentrate deposits and fund disbursements by establishing sub-accounts and target balances for each account.
Get a quick snapshot of your balances sent directly to your email at a specific time each day. Set up these customized alerts in your online banking portal. 

Full and Partial Account Reconciliation services save you time and money by automating many of your reconciliation activities and providing flexible reporting options to best suit your needs. 

  • Enjoy customized service. With optional reports, flexible sorting and subtotalling, and a variety of input and output media, you can easily adapt the Account Reconciliation Plan (ARP) service to meet your company's operational needs.
  • Reduce accounting costs. Because our dedicated posting and reconciliation systems perform many of your reconciliation tasks, you save time and labor expense.
  • Increase cash control. Monitor the activity in all of your STAR checking accounts by setting up optional reports on a daily, weekly or semi-monthly schedule.
  • Strengthen your internal controls. Unlike a regular checking account, all stop payment activity on your account is reported on your statement. And with a Full ARP account, all check transactions are reported back to you on your statement - whether voided, stopped or issued.
  • Simplify deposit reconciling. Add Deposit Location Reporting to either your Full or Partial ARP account, with a tailored Deposit by Location report containing additional detail and summary deposit information also available.
  • Eliminate the need to store checks with Account Archive. View statements, checks written and all deposited items for one or more of your business accounts using Account Archive, STAR’s document delivery service.
  • Receive quick responses. Gain online access to more than 100 days of history for all posted transactions.
  • Get the ultimate in fraud protection. Tie in Positive Pay with Full ARP. 

Electronic Data Interchange

STAR Bank can help you make the most of today's sophisticated data technology options. Our innovative and industry-leading electronic commerce, information reporting and other technology solutions will make your treasury management more efficient.
 

BAI-2 Format

Receive reconciliation data transmitted daily in this widely accepted standard format. 

Text Files

Receive only the information that is important to you with customized files for your reconciliation process.

Expand your payment options securely and conveniently, whether in-store or online, by accepting a variety of payment types. From contactless methods like Apple Pay® and Google Pay®, to traditional magnetic stripe and EMV® credit and debit cards, Merchant Card Processing empowers your business to grow by providing customers with the flexibility to pay with their preferred method. Learn more about the services we have to offer here.

Having a bank on your desktop is now possible with Remote Deposit Capture (RDC) from STAR Bank. The benefits of RDC are tremendous, including:

  • No more driving to the bank to make a deposit.
  • Deposit to any of your STAR Bank business accounts.
  • Review deposit history per customer.
  • Recall deposited check images.
Link a secondary business checking or savings account to your operating account. In the event of an overdraft, available funds will automatically transfer to cover your transactions. 
Courtesy Coverage is a discretionary overdraft service that strives to pay items based on account characteristics like account age and account balances for a $37 fee.  Ask your banker for details on account eligibility.