Cash Management Suite & Features

Running a business – large or small – requires detailed reporting, comprehensive record keeping and efficient time management. It can be challenging to keep it all straight! Royal Bank can help streamline your account management and payroll processes with our Cash Management solutions.

At the core of our services is Cash Management Online, a secure, multi-user Online Banking platform that provides critical information to make timely decisions. Explore the Cash Management Online tools below that can help you effectively manage cash flow, offers fraud detection services, and has the ability to securely make payments in a way that makes sense for your business.

Allow limited or full management access to employees or CPA
View check images and deposited items
Transfer funds between accounts
Monitor accounts with real-time alerts
Originate electronic transactions for payroll, accounts payable and accounts receivable
Receive ongoing training and support
One-on-one annual program reviews with our Business Banking team

Contact us today for a free, no-commitment conversation about how we can help simplify your business accounts. We take an objective approach to review your current process and work with you to discuss solutions to fit your business goals.

icon of person with an arrow pointing at a bank arrow pointed at another bank and an arrow pointing at a hand

ACH Origination

Convenient way to offer direct deposit payroll or collect funds.

icon illustration of a computer pointing at a bank

Remote Deposit Capture (RDC)

Scan checks to be deposited directly into your Royal Bank business account and manage and track deposits - all from your home or office.

icon illustration of a debit card, payment terminal and phone

Merchant Services

Stay on top of the latest trends in payment processing and streamline your cash flow for secure accounts receivable.

computer with dollar sign in middle of screen connected to people

Business Bill Pay

Offers vendor bill payment, employee payroll direct deposit, person-to-person payments and more.

icon of a dollar bill pointing at a bank pointing at another bank and then pointing at another dollar bill

Wire Transfers

The convenience of initiating domestic wire transfers within Cash Management Online Banking.

Icon illustration of a computer with checks on screen

Positive Pay

A fraud prevention tool used to help protect your account against check fraud.

ACH accounts payable and ACH accounts receivable are convenient ways to offer direct deposit payroll to your employees or to collect funds from customers such as utility bills or monthly rent. You can easily build your own template or upload a NACHA (National Automated Clearing House Association) file through your Cash Management Online Banking.

Accounts Payable (Disbursements)
- Direct Deposit- Payroll
- Vendor Payments
Accounts Receivable (Collections)
- Utility bills
- Gym memberships
- Rent

RDC is an advanced image-capturing system that allows you to send endorsed digital images of checks directly to Royal Bank without leaving the comfort of your own office. This secure, internet-based and easy-to-use service will save time, money, and hassle.

Deposit checks on your schedule
Save time and hassle of driving to the bank
No maximum number of check deposits
Conveniently access deposit reports and check images

Convenience in payment processing is what many customers have come to expect from a business of any size. Offer payment processing wherever your customers are, with mobile and online solutions:

In-store point-of-sale payment terminals including countertop, mobile, and online
Accept payments on your website with virtual, online and eCommerce solutions
Mobile tools for smartphone or tablet payment

Accepting payments with Royal Bank Merchant service program is easy, simple, and fast. We work with you to understand your individual goals, educate you on available options, and work with you to find a payment processing solution to meet your needs.

Free consultation and overview of solutions
Secure payment processing
At-will agreements that don’t penalize you if you need to terminate your services
Dedicated Business Banking team manager with direct access and fast responses
Around-the-clock support with a dedicated toll-free help line
Continual qualification monitoring so we can immediately recognize – and help fix – any aspects of your program that might be causing you to pay too high of a rate

Business Bill Pay allows you to quickly and conveniently pay anyone online that you pay today by check.

Three levels of tiered permissions for authorized users
Direct Deposit- Payroll
Person-to-Person payments
Link online statements to your Bill Pay account with eBills
Set up one-time or recurring payments
View payment history

Securely originate domestic wire transfers from Online Banking:

Mitigate check fraud loss by uploading a list of checks to the bank that you approve to clear. Checks that are not on your approved list are presented to you for a payment decision. Reporting occurs each business day, giving you immediate decision-making control on potentially fraudulent checks.

Upload a list of checks including dollar amount and check number
Positive Pay compares checks presented to your account against a list of checks you uploaded
If the check amount or check number does not match, an exception alert will be sent
Reconciliation occurs daily to give you immediate decision-making control on potentially fraudulent items