Account Reconciliation Services

Electronic Data Interchange (EDI):  CenterState Bank's EDI service automatically searches ACH files for financial EDI messages contained in addenda records of electronic payments. Our EDI service translates this payment and remittance information into human-readable reports then distributes the information to an email address that you designate. If your company has an EDI-compatible accounts receivable (AR) system, we can also provide you a machine-readable file that allows you to upload the payment information into the AR system. Benefits include:

  • Notification of ACH transactions early in the day
  • Improved transaction monitoring and information reporting
  • Match ACH payments to documentation such as invoices or payroll records
  • Speed and accuracy improvements associated with straight-through processing (STP)
  • Encrypted email service that transmits and stores your EDI reports

BAI File Reconciliation

Positive Pay / Account Reconciliation Processing (ARP):

Positive Pay is the peace of mind product that virtually eliminates the potential for fraudulent check altering or counterfeiting and also provides ACH blocking or filtering for all electronic items that are processed through your business account. CenterState Bank provides the leading method of check and Automated Clearing House (ACH) fraud deterrence available today with an online Positive Pay service. Items presented for payment are compared once daily against item information you have provided within the Positive Pay system. Items that do not match information you have provided are flagged as exceptions, and you are notified via email that action is required on those items. You have a defined window of time to log in to the system, review the exceptions and submit pay or return decisions.

If your bookkeeping department is spending hours reconciling your business accounts then CenterState’s Account Reconciliation solution will save you valuable management and clerical time by automating the reconciliation process and improving accounting accuracy and controls. CenterState Bank’s comprehensive ARP reporting tool enables you to automatically reconcile your account and create paid item, outstanding item, and detailed/summary reports based on a specific period. A complete reconcilement of both outstanding and paid checks is available by verifying paid items to an issued file that is electronically submitted by your company to CenterState. By supplying CenterState Bank with a list of all issued items, the reconcilement is fully automated. Reports will list all paid and outstanding items, as well as voids. Deposit reconciliation also allows clients with multiple depositing locations to generate reports by location and create a summary of all deposits.

CD-ROM Imaging: With CD-ROM Imaging, you can have at your fingertips monthly item images normally returned in your bank statement. You also have the option of having items deposited to your account saved to the CD-ROM. Within minutes, you can find a check or deposit image by keying in the information you know about the item, such as the check number or amount. You can retrieve an item, view the front and back, rotate and enlarge it for easier reading. You can also print or export a copy. Image viewer software and a complete user's guide are included on every CD. Benefits include:

  • Reduced storage requirements
  • Reduced paper handling
  • Faster record retrieval
  • Ability to export files
  • Annual CD archive available to monthly subscribers