Association Deposit Services

We offer a wide selection of customized association Services solutions for your firm including receivables and payables processing, reconciliation automation, and multiple accounting platform integrations. We relentlessly pursue our motto of, “Easy to Work with and Easy to Change to.” We have assembled an extraordinary team of bankers, technology experts, and consultants to take your management company to new heights.

Receivables

Lockbox processing
Remote Deposit Capture (RDC/ depositing checks with a scanner)
Scan to Lockbox
Multiple payment options – coupons, statements, credit card, ACH, e-check, mobile/device payment options
Daily electronic and image of deposits
Auto Check Reconciliation

Payables

Bill Pay
ACH
A/P Lockbox- Avid Exchange

Automated Account Reconciliation

Enterprise level integrated cash management / accounting solutions
Turnkey accounting solutions for community management firms such as Integrated Web Portals
Board portal – track work orders, violations, architectural change requests, and uploaded financials
Unit owner portal – view account ledger, submit a work order and architectural request, make online payments one-time or recurring via credit card, ACH and e-check

Homeowner’s Association Account Comparison

Association Checking

No minimum deposit requirement to open this account with a $5,000 minimum daily balance. (If balance requirements are not met, a $15 monthly maintenance fee will apply)

Enjoy 250 free items per month to include checks paid, checks deposited, ACH debits and ACH credits, POS debits, POS credits and ATM debits.

You’ll also be able to have up to $10,000 currency deposited per month free.

Association Analysis Checking

$50 minimum deposit to open the account.

$15 monthly maintenance fee.

Transaction item charges of $0.14 per item includes checks paid, $0.10 for checks deposited not drawn on us and $0.09 for checks deposited drawn on us, $0.12 for ACH debits and ACH credits, POS debits, POS credits, and ATM debits. Fee for currency deposited – $.50 per $1,000.

Association Interest Checking

No minimum deposit requirement to open this account with a $10,000 minimum daily balance. (If balance requirements are not met, a $15 monthly maintenance fee will apply)

Enjoy 500 free items per month to include checks paid, checks deposited, ACH debits and ACH credits, POS debits, POS credits and ATM debits.

Association Money Market

No monthly maintenance fee with $2,500 minimum daily balance. (If balance requirements are not met, a $15 monthly maintenance fee will apply)

Six withdrawals allowed per month. ($12 fee will apply to additional withdrawals)

$2,500 minimum deposit to open the account.