Treasury Management
Renasant Bank can help eliminate the guesswork and stress from your routine, making your business more efficient and your time and money more manageable. We offer a wide variety of Treasury Management services designed to help you improve cash flow, maximize profit and increase efficiency.
We want to help you Save Money, Save Time and Make Money. Here's how Treasury Management can help.
 Save Money |
 Save Time |
 Make Money |
Call or Email a Treasury Management Specialist in your area to learn more.
ALABAMA
Terri Odum, Treasury Management, Birmingham Grandview
TOdum@renasant.com
205-968-5632
MEMPHIS
Larry Sistrunk, Treasury Management, East Memphis
LSistrunk@renasant.com
901-684-0672
MISSISSIPPI
Beth Ikerd, Treasury Management, Tupelo
BIkerd@renasant.com
662-680-1522
Jan Carnathan, Treasury Management, Tupelo
JCarnathan@renasant.com
662-680-1580
NASHVILLE
Jim Gardner, Commercial Loan Officer/ Treasury Management, Nashville Downtown
JGardner@renasant.com
615-565-8612
Susan Rainey, Treasury Management, Nashville Downtown
SRainey@renasant.com
615-234-1658
Turn your business into your bank.
With Business Check Express you can spend more time with your business and less time at your bank. This service allows you to scan your customers' checks "on location" at your place of business and post them to your Renasant business account.
- Helps businesses save time and money by eliminating trips to the bank to deposit checks
- Clients scan customers' checks "on location" using a Check Scanner
- Generates deposit reports
- Gives access to retrievable images of deposited checks
- Extended deposit cut-off time for same day ledger credit
- Check Scanner and web browser can be set up anywhere with web access
- Eliminates cost in preparing deposits and photocopying checks
A more efficient way of funding control.
ACH Origination is an efficient and secure way for your company to collect recurring payments from customers, make electronic transfers to or from other companies' accounts, and distribute funds for electronic payroll deposits, tax payments and other miscellaneous payments.
- Allows businesses, both large and small, to issue credits to employees, vendors and state and federal government tax collection entities
- Saves processing costs of issuing and mailing physical checks
- Eliminates the risk of lost or stolen checks
- Secure web site is used for initiating electronic debit and credit transactions
- Recipients of ACH credits are ensured of timely posting and availability of funds even if on vacation or otherwise away from their place of business
- Use in debiting payments owed gives the business client more control of its cash flow
Tired of writing all those checks on payday?
Payroll cards are a great add on to the ACH Origination service. Save yourself the time of signing pay checks all day on payday and avoid the hassles of lost checks.
- Allows business clients to pay their employees by crediting individual employee card accounts (debit cards) via ACH
- Affords considerable savings on payroll expenses to the business client
- Eliminates the hassle and expense of lost or stolen payroll checks
- Offers the replacement of lost or stolen cards with the remaining prepaid balance intact, unlike cash
- Employee card account holders can obtain cash, make purchases and pay bills using their cards
- Provides monthly statements to employee card holders detailing their monthly transactions
- Eliminates off-site trips by employees to pick up and cash checks
- Provides employee cardholders with access to toll-free number and Internet website for support
- Enables employee cardholders to track spending via website and monthly statements
- Cards are honored wherever VISA debit cards are accepted
- Employees can use Payroll Card as an ATM card or a debit card
- Business clients can sign up employee users online
- Employee cardholders can get 24/7 support online or by calling 1-866-353-1269
This service gives you the ability to have your company's receivables mailed to a bank-assigned post office box. Don't tie up your staff time and money with handling checks and invoices.
- Payments collected and processed by the bank
- Payments deposited into business banking account
- Report created from imaged payments and sent to client along with stubs for payment verification and account reconciliation
Retail Lockbox is for businesses that receive a large volume of mail-in payments and have an automated accounts receivable system.
- Payments taken from post office box, processed and deposited
- Electronic files then transmitted to business client for electronic posting
- Electronic files allow to research and document customer payment dates and amounts without the hassle of searching through paper trails.
Reconcile accounts faster with your customers' information readily available.
If your company has a substantial volume of checks and needs a faster way to reconcile accounts, this service allows your business to reconcile your company's accounts using CD-ROM. Your time is valuable and shouldn't be spent flipping through papers.
- Monthly statement on CD-ROM includes statement image, front and back check images and images of items your have deposited
- CD-ROM also includes file which can be downloaded to your reconciling program
- Save on storage space
- Convenient research tool for your business
In order to reduce the likelihood of fraudulent checks posting to your account, you submit a file indicating the check numbers and amount of checks that you have authorized. The bank then provides you with an electronic exception file of those checks attempting to post to your account that you have not authorized. You are given a time to notify us in order to know the disposition of the exception checks and whether to pay or return the checks.
Let your money work for you.
We offer a variety of sweep accounts that put your money to work earning interest on your deposited funds without limiting your check-writing and deposit capabilities.
- A Repurchase Account (Repo)* allows business customers with excess balances to effectively earn interest on their funds while still maintaining their liquidity. Daily excess funds are automatically swept from the operating account to the Repo account or vice-versa. A "target" balance is set in the operating account to provide enough balance to offset the service charges. The bank automatically moves the money back and forth as needed to cover checks or if there is a surplus in the operating account.
- Reliance Trust Account
Enhanced Business Internet Banking
Monitor your business accounts at all times.
Enhanced Business Internet Banking allows you secure around-the-clock access to your business accounts. Don't waste time going to the bank when it's only a click away. With internet access you can:
- Obtain current information on account balances
- Transfer money
- Pay bills
- Verify checks
- View checking images
- Authorize wire transfers
- Import data into certain accounting programs
- Eliminate the need for writing checks, addressing envelopes and making trips to the post office
Let us handle your information flow from one place.
Outbound Data Exchange provides balance information and transactional information on your accounts from Renasant to another financial institution on your behalf. This would allow you to obtain information on your Renasant Bank accounts through the internet banking service of another financial institution so multiple accounts at different institutions can work together. Note: this service is dependent upon the ability of the financial institution where we are sending the information.
Work with other financial institutions through Renasant Bank.
Renasant Bank can receive balance information and transactional information from your accounts at other financial institutions and provide this information to you through our Enhanced Business Internet Banking.
Note: this service is dependent upon the ability of other financial institutions to send and receive Renasant Bank the information.
*Repurchase Accounts (Repo) are:
- Not FDIC Insured
- Not a deposit
- Not guaranteed by any bank
- Not insured by any federal government agency
- Subject to investment risk, including possible loss of value
