Treasury Management

Freedom Bank helps you maximize your business’s cash flow by streamlining operating efficiency and protecting important assets. Our priority is delivering effective Treasury Management tools to our clients, so that you can focus on what matters - growing your business.

Improve your cash flow and minimize fees and interest paid, while optimizing cash balances and interest earned. With multiple options available for making payments and expediting collections, Freedom Bank is committed to helping you determine the most effective and efficient solutions for your company.

Freedom Bank’s full suite of Treasury Management products and services provides fast and flexible access for businesses of every size. Our dedicated Treasury Management team will engage with you in a thorough, thoughtful process to help you choose the best combination of products, tools, and services. Whatever the solution, we customize for your company, you can be assured that the safety and protection of your assets will be our top priority.

1. DISCOVER: To understand your goals

2. EVALUATE: To optimize your banking experience

3. DEPLOY: To implement or train for an effective solution

4. REVIEW: To fine-tune your banking experience

Take control of your cash flow with a fast and secure way to manage payments. With ACH Services from Freedom Bank, you can automatically direct deposit payroll, make vendor payments, and initiate pre-authorized bill payments anytime - quickly, securely, and efficiently. Freedom Bank ACH transactions support same-day origination, reduce errors, improve cash flow, and strengthen your vendor relationships.

• Simplify payments by enabling direct deposit of payroll and making company disbursements with ease.

• Accelerate receivables with one-time transactions or recurring file templates through Online Banking or imported from accounting software.

Online Wire Transfer Services from Freedom Bank give you the ability to transfer funds quickly between financial institutions via our Business Online Banking platform— in real time. Perfect for scheduled or one-time transfers, this convenient feature is designed for domestic as well as international transactions.

• Transfer funds without leaving your office

• Added security of Multi-Factor Authentication

• Automated alert confirmations via email, including Fed Reference Number

• Process transfers reliably and securely

Allows you to deposit checks remotely, 24/7. Simply scan, upload, and transmit a digital image of your check to your Freedom Bank account. We make the whole process easy with “single sign-on” through our Online Banking platform.

• Detailed reporting with a copy of each check

• Three years of deposits and deposited items details

Check deposits can be made up to 5:00 p.m. ET for same day credit to your account. All funds will be available at opening of business the next day.

A critical element in protecting your finances. With the rise of cybercrime and traditional check fraud, safeguarding your accounts has never been more essential. It’s crucial to have the right tools in place to protect your funds while still maintaining the flexibility to process payments seamlessly.

Freedom Bank is proud to be a local leader in offering Real-Time Payments to our personal and business clients. Through the Federal Reserve’s FedNow Payments and The Clearing House’s Real-Time Payments (RTP®), we deliver accelerated payment channels for your receivables. Real-Time Payments represent a new payment method that settles instantly, typically within 15 seconds of initiation. Real-Time Payments offer advantages over alternatives such as ACH or Wire transfers, including enhanced transparency and precision in the settlement processes.