Cash Management

Check it off your list.

We know you have plenty of things on your plate, let us help make a few of those chores a little bit easier.

Great Southern offers a complete line of Cash Management services designed for businesses of all sizes.

Great Southern Online Banking

If you have access to the Internet, then you have access to your Great Southern Bank accounts anytime, seven days a week. Online Banking is easy to use and you can:

  • View accounts
  • View current transactions
  • Transfer funds
  • Send wires
  • Set up stop payments
  • Make loan payments
  • Check deposit and loan account interest rates
  • Originate ACH items
  • Download information to various popular software formats
  • Set up a payment schedule to automatically pay bills

Great Southern Remote Deposit

From the security and convenience of your own desk, you can deposit checks into your Great Southern account 24 hours a day. The process is simple: checks to be deposited are scanned and electronically transmitted to the bank via a secure, encrypted Internet connection.

  • No more driving to the bank to make a deposit.
  • Maximize your cash flow, security and efficiency.
  • Deposit to any of your Great Southern accounts.
  • Review deposit history per customer.
  • Recall deposited check images.
  • Combine with Great Access Online Banking and conduct all you regular daily banking without leaving your desk.
  • It’s fast and simple to use.

Statement Imaging

Great Southern offers complete statement information on compact disc. The CD and provided software give you the ability to search for checks by check number or amount; view and print the front and back of transactions and view all items in each deposit. This state-of-the-art service provides the ultimate in account reconciliation, research and record retention.

ACH Origination

Great Southern’s ACH Origination Service gives you the ability to create electronic (ACH) transactions. ACH transactions are an effective way to handle payroll, cash concentration, disbursements and collections. Great Southern’s system makes this service easy to use, accurate and secure.

Payroll Direct Deposits

Payroll processing is used by many employers to pay employees by directly depositing payroll funds into each employee’s personal account.

  • Save considerable expense when compared to paying by check.
  • Reduces lost check exposure, risk of fraudulent activity, stop payment, and check reissue expenses.
  • Offers your employees the convenience of making their funds available on regular pay schedules even during vacations, illnesses, etc.
Disbursements

You are able to streamline repetitive payments to individual and corporate accounts by electronically depositing funds directly in a predetermined financial institution.

  • Replaces wire transfers
  • Reduces cost per item
  • Simplifies funding and cash forecasting
Collections (Pre-authorized Payments)
Pre-authorized payments allow companies to automatically debit customer’s accounts and maximize availability of funds by replacing conventional paper invoicing. This service insures correct payments are received in a timely manner.
Cash Concentration

Cash Concentration is an automated intra-company funds collection system. Use of this system enables you to consolidate deposits from accounts at multiple banks into one central operating account.

  • You have the ability to predict funds availability in order to improve your company’s total cash management capability.
  • Eliminates the cost of preparing depository transfer checks.
  • Automates transactions that were formerly processed with expensive wire transfers.

REPO Sweep

REPO Sweep provides corporate customers a convenient way to invest excess balances. Excess collected balances are invested overnight in Repurchase Agreements backed by U.S. Government or Agency obligations.

Lockbox Processing

Lockbox processing eliminates many of the time consuming functions associated with receivables and deposit preparation. Great Southern collects receivables from the customer’s post office box and prepares the deposit. Envelopes, enclosures, check copies and reconciliation data are delivered to you the same day.

Account Reconciliation

Account Reconciliation provides the customer a valuable tool at statement reconciliation time. All paid checks can be provided to the customer in list or electronic formats. In many cases, this information can be used very effectively to stream line statement reconciliation.

Positive Pay

Positive Pay ensures that items presented for payment against a customer’s account are verified against an issued file prior to being paid, thus reducing the possibility of fraud.

Zero Balance Accounts

A Zero Balance Account (ZBA) continuously maintains a zero balance. When a debit is presented against a ZBA, funds are automatically swept from a predetermined funding account. If deposits are made to the ZBA account, the funds are automatically swept to the predetermined account.

Merchant Credit Card Services

Great Southern offers Merchant Credit Card services. Our local representative and support staff give you the added benefit of personal service while helping you structure a program suited to your specific business needs.

Corporate Checking Account Analysis

Great Southern’s account analysis system captures all activity and analyzes your relationship based on services used and account balances. The cost of these services can be partially or completely offset by an earnings credit, which is based on the average collected balance.

CDARS®

CDARS® is the Certificate of Deposit Account Registry Service®. And it’s the easiest, most convenient way to enjoy full FDIC insurance on deposit amounts larger than $100,000.

Everything is handled through Great Southern Bank. Your larger deposit is broken into smaller amounts and placed with other banks that are member of a special network. Then, those member banks issue CDs in amounts under $100,000, so that your entire investment is eligible for FDIC insurance. By working with Great Southern Bank you can receive insurance from many.

You earn one rate on your entire investment and receive one regular account statement listing all of your CDs.

Payroll Direct Deposits and ReadyFUND$ Payroll Card

Payroll processing is used by many employers to pay employees by directly depositing payroll funds into each employee's personal account or to a ReadyFUND$ Payroll card.

  • Ability to provide electronic pay to 100% of your employees.
  • Save considerable expense when compared to paying by check.
  • Reduces lost check exposure, risk of fraudulent activity, stop payment, and check reissue expenses.
Offers your employees the convenience of making their funds available on regular pay schedules even during vacations, illnesses, etc.