Manage your cash less and your business more.
HomeStreet Bank understands the time-sensitive needs of property management companies and community/homeowner associations. We provide exceptional customer service, along with a wide range of competitively-priced, user-friendly, flexible services tailored specifically to your company’s requirements. We help you with the most critical aspects of your business finances: collecting funds, disbursing funds, managing funds, fraud protection services, and staying informed regarding your company's cash position.
Cash Management Solutions
All of our business banking accounts include our Cash Management solutions to help you better manage your cash flow and business finances.
Collecting Funds
- ACH Origination - Use the Automated Clearinghouse (ACH) network to quickly and easily collect rent payments, maintenance fees, or HOA dues. (Credit approval required.)
- Branch Deposits - Make deposits at any of our conveniently located bank branches during regular banking hours, or use our night drop to make deposits after hours.
- Cash Vault/Armored Car - Armored car service is available on a regular schedule ranging from once a month to seven days a week, based on your needs. NOTE: this service is available in select areas. Please contact us for more information.
- Lockbox - Customizable payment processing is available to help speed the collection of payments and streamline reporting. We provide electronic delivery of detailed processing reports and posting files that are configured to integrate with your accounting software.
- Merchant Bankcard Services - Accept and process credit card payments in person, over the phone, or on your website. (Provided by a third party vendor.)
- Remote Deposit Capture - Use a special check scanner and website to securely scan and transmit check images to HomeStreet Bank for processing. Learn more.
- Mobile Remote Deposit - Ideal for lower volume deposits – just download our Business Mobile Banking app and deposit checks using your smart device (Android phone, iPhone, and/or iPad).
- Check2ACH - Converts paper Bill Pay checks to ACH transactions. We provide daily transaction reports that allow you to view and decision incoming payments. We provide a daily posting file that integrates with your accounting software.
Managing Funds
- Automatic Cash Sweep - Earn interest on excess account funds by setting up a Cash Sweep account. At the end of each business day, funds are automatically transferred between your business checking account and a special bank money market account.
- Interest Bearing Accounts - In addition to our competitively priced Money Market accounts and Certificates of Deposit (CDs), we can also provide additional options for FDIC insurance coverage through CDC Money Market accounts and brokered CDs.
- Lending Solutions - Specialized financing options for property owners, property managers, and community/homeowner associations, including construction loans and term loans with flexible rates and terms.
View our additional Cash Management services to learn more about disbursing funds, staying informed with your accounts, and fraud protection.