MBS Deposit Processing

MBS offers a complete solution for Commercial deposit account processing. Our commercial deposit product has been designed to work as a supplement to your existing core system instead of as a replacement for it. This means that there is no impact to your existing account database, and no need to change processes for your consumer members.

Our product sits along side of your current software, and is accessed by a simple click of the mouse. Tellers are able to perform consumer and commercial transactions without the need to “sign on and sign off” the respective platforms. Teller transactions from your existing system and ours are performed using one cash drawer, using one teller terminal, and cash needs to be counted only one time at balancing.

Commercial deposit account totals are included on your General Ledger, are included in your Call Reports, and your Credit Union keeps all income that is generated from service fees.

Our Commercial deposit process allows your Credit Union to compete head-to-head with independent and major banks in your service area, and win! You will be able to provide the following products and services:

• Commercial Checking (with full proof of deposit)
• Certificates of Deposit
• Savings and Money Market Accounts

Our products include:

• Account Reconciliation
• Online Banking Package - integrates with your existing Web product
• Bill Payment
• Cash Management Customers will be able to:
  • Originate ACH Transactions
  • Order Money
  • Create Wire Requests
  • Import ACH
  • Positive Pay
  • Transfer funds between accounts

Your Credit Union will have the ability to perform:

• Long Form Account Analysis
• Sweeps Processing
• Zero Balance Accounting
• Bank Card Services
• Concentration Account processing
• Electronic Statements
• Image Statements
• Overdraft Line of Credit
• Payroll Services
• Remittance Processing / Lock Box
• Cash Vault
• Foreign Item Collection
• Fed Tax Deposit Processing

Savings

• Statement Savings
• Money Market Checking

Certificates of Deposit

• Bump-Up Certificates (Member can change rate)
• Step-Up Certificates (Rate changes by amount on deposit)
• Variable Rate (CD Rate tied to an index)
• Single Renewal (7 days to 5+ years)
• Auto Renewal

MBS performs all back-office functions for you. We balance the core system to the General Ledger, and certify accounts daily.

MBS processes and clears NSF and OD’s, Deposited Items Returned, Proof and Teller Adjustments, and performs certain account maintenance. MBS will act as your Security Administrator for Commercial Accounts, and will insure that new accounts are properly entered on the system.

MBS uses state of the art fraud detection software that guards against loss by:

• Verifying 100% of check signatures
• Checking serial numbers for duplications
• Checking serial numbers for “out of range”
• Checking backgrounds and fonts on checks

MBS has full reporting capabilities that will allow your management to see the results of your deposit products and services, and to plan and budget future growth.

Our deposit product integrates with our commercial loans package, is reasonably priced, and easy to use. We invite you to contact us for more information or to arrange for a visit to our facility.+