Washita Bank treasury services.
Washita State Bank offers electronic options to streamline the daily cash management process for your business, detect and prevent fraudulent items from clearing your account, and enable you to make deposits into a WSB account right from your office.
Our experienced Treasury Officers are available to personally assist from initial set-up to weekly processing and account maintenance.
Allow us to compare your current merchant credit card services to our merchant services provider. We would love the opportunity to show you how Treasury Services at Washita State Bank is customizable to your business needs. To speak to one of our Treasury Officers, please call 580-562-4871 or email customerservice@washitastatebank.com.
Cash Management/ Receivables
Electronically collect payment for business transactions, product sales, or consumer services provided to your business clients. Our ACH Receivables process automates collection in an efficient, safe, and effective manner.
Benefits include:
- Convenient and timely collective process
- Paperless means of collecting and processing receivables
- Improved budgeting with a predictable incoming cash flow
- Provides accurate and thorough records and reports
Cash Management/ Payables
These services assist our commercial customers with products and solutions for making payments to employees, business partners, vendors, and suppliers. This service efficiently and securely automates the payables of your business. Benefits include:
- Provides a cost-effective and efficient method for disbursing funds
- Eliminates printing and mailing checks
- Eliminates cost of wire transfers
- Improves security and reduces risk of internal theft
- Eliminates paper remittance process
Remote Deposit Capture
Using a computer and an item scanner, our Remote Deposit Capture service enables your business to process deposits without coming to the bank. Just scan in your daily deposits consisting of checks and/or money orders. The deposit credits to your Washita State Bank Treasury Services Account at nightly processing.
Benefits of Remote Deposit Capture include:
- Eliminate trips to the bank
- Funds may be collected sooner
- Automated account reconciliation
Positive Pay
Businesses are often a target for fraud thru stolen or counterfeit checks presented against their account. The Positive Pay product at Washita State Bank can help detect and prevent fraudulent items by electronically screening and matching checks presented for payment to items in an electronic file submitted by the business. This process allows detection and prevention of fraudulent items before they clear your account by rejecting and returning those items.