 Correspondent Banking>Cash Vault Services
Carrying cash costs money. But with Sterling's Cash Vault Services, you can reduce your financial institution's costs while earning interest on an unproductive cash inventory. And you can be certain Sterling adheres to the strictest controls, allowing you to:
- Save on armored carrier transportation.
- Eliminate the expenses associated with your staff processing checks and cash.
- Achieve uncompromising accuracy and faster access to treasury management.
We've partnered with AT Systems, one of America's largest cash transportation and processing companies, to provide you our secure Cash Vault Services. With cash vaults located in Portland, Seattle and Spokane, Sterling is able to deliver services throughout our banking territory-Washington and Oregon, northern Idaho and eastern Montana. It also lets us pass on our carrier cost advantages to you.
You'll find our service responsive and convenient, with change orders handled online or by phone through the highly encrypted Money Manager system.
Deposits that reach Sterling's cash vault by 3 p.m. are credited the same day so you enjoy faster electronic access to your funds. If desired, your bank can additionally take advantage of Sterling's online treasury management services for correspondent banks. Sterling is also happy to provide sweep accounts in order to offset your cash vault service costs with an earnings allowance.
Sterling Cash Vault services can also be used to supply cash to your bank's off-site ATMs. For complete security, dual controls include ATM-card/PIN-only access and sealed cash canisters. In addition to swapping cash canisters, AT Systems personnel can print off and/or balance your ATM transactions as well.
Reduce the cost and the risk of carrying a cash inventory. For change orders and mixed deposit processing, request Cash Vault services from Sterling. It's just one more of the many services Sterling offers its Correspondent Banking partners.
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