Confirm that your service charges and interest rates make sense for the way your business banks today. Get a plain language review of all four cash management platforms from an objective, experienced commercial banker. Useful information that will help you to understand how the bank views your accounts and be informed before you negotiate with your existing bank(s) – or prospective new bank(s). After a confidential analysis of your bank statements an ICMS Cheque-Up! Report details which combination of service plan and savings account provides the best value for your business today at your existing bank – and at every other major bank. An ICMS Consulting Report provides a strategic analysis of your company’s four cash management platforms – Collection, Payment, Reporting and Investment.
A ccepting deposits, clearing payments and providing information reports all have hard costs associated with the delivery of service. As a commercial banking customer you ARE going to pay something, whether it is a direct cost like a service charge or an indirect cost like accepting zero percent interest on your cash balances. If you ever pay $0.00 in service charges in any bank account it means the bank is earning revenue from you in some other way. Earning at least as much revenue as the service charges would otherwise be. ALWAYS.