Corporate Services
Corporate Share Drafts
Corporate checking at Catalyst offers fast and simple account reconciliation and interest-earning account balances.
At Catalyst, credit unions can have the convenience of writing checks drawn directly on their credit union’s Catalyst settlement account.
One of the benefits of this arrangement is that—unlike other financial institutions which generally hold funds in compensating balance accounts—Catalyst pays dividends on those funds until the corporate checks clear. In addition, Catalyst provides explicit, fee-based pricing, so that there’s no guesswork concerning soft-dollar, balanced-based or hidden-dollar charges.
Credit unions using Catalyst’s corporate checking service enjoy:
- Imaged check processing
- Simple pricing without compensating balances
- Free online access to check images
- No-fee “Positive Pay” online account reconciliation
- Interest earned on account balances until drafts clear
- Online account management, including stop payments, photocopies and adjustments, through TranZact
To put this service to work for your credit union, email an account executive at contactus@catalystcorp.org or call 800.442.5763.
|
Overview
Cash Concentration/Automatic Transfer
Corporate Share Drafts
Settlement
Contact Us
|