Comerica’s Deposit Reporting and Cash Concentration Services was designed to merge deposit information from multiple sites and accounts into a single concentration account. It’s a cost-effective and convenient solution to improve your cash flow by freeing up cash resources for investing or debt reduction.
Features include
- Concentrate funds automatically
- Separate funds by location
- Consolidate all deposits into a single concentration account
- Allow multiple site depositors to make deposits close to their locations
- Eliminate idle funds at outlying banks
- Increase funds availability
- Improve cash flow information management and control
- Optimize opportunities to use your cash resources to invest funds or reduce your line of credit