Cash Management

Cash Management

Cash Management

Running a business involves countless responsibilities and a never-ending attention to details, especially when it comes to managing business accounts and paying bills. Jersey State Bank is available to assist with all cash management processes — from automated bill pay to remote deposit capture to ACH Origination.

ACH Origination

As an ACH Originator you may initiate direct deposits of payroll to your employees’ accounts and automatically debit your customers’ accounts for the payment of products and services you provide them. ACH Origination has many benefits including reduced costs, increased efficiency, increased benefits to employees and service to customers, improved cash flow, and decreased delinquency rate.

Jersey State Bank can provide you with a secure, web based application to allow you to create and/or upload your ACH files directly to us for processing. Call for more information and to see if ACH Origination may be right for you. Since there is some credit risk associated with ACH Origination, we may require credit screening before approval.



Direct Deposit

Payroll can be credited directly to the bank and deposited to customer’s accounts per an established schedule. Take advantage of Direct Deposit service and enjoy the benefits of never having to deposit a paycheck again!


How It Works:

  • You obtain written authorization from employees to make electronic payments to their accounts.
  • You prepare and deliver payroll file to JSB one or two days prior to settlement date.
  • ACH files are transmitted into the ACH network, with employee’s accounts credited and your company's account debited on settlement day.
  • All data submitted must be in conjunction with NACHA Rules and Regulations.


Direct Payment

Preauthorized debits are ideal for electronically collecting recurring payments, memberships, dues, and periodic subscription fees. The transfer process is automated, convenient and predictable, giving you better control of your funds at less cost to your company.


How It Works:

  • You obtain written authorization from payers to draw regular electronic payments from their accounts.
  • You prepare and deliver collection data to JSB one or two days prior to settlement date.
  • ACH files are routed into the ACH network, with payers' accounts debited and your company's account credited on settlement day.
  • All data submitted must be in conjunction with NACHA Rules and Regulations.

Benefits to Your Company:

  • Lower Costs: You save money by eliminating much of the manual work associated with your payment and collection processes. This includes less check printing and processing, lower postal expenses and fewer losses due to stolen, forged or lost checks.
  • Improved Cash Flow: Quicker collection of payments means enhanced liquidity.
  • Simplified Forecasting: You know the exact date of your funds transfers, simplifying daily funding decisions.
  • Enhanced Benefits and Customer Service: ACH services benefit your employees/customers/vendors by eliminating manual work for them and lessening concern over timely payments.

Interested in learning more about ACH Origination?

Complete the questionnaire and return it to Jenny King or contact her at 618.498.6466 ext. 231.