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Treasury Management

Treasury Management your way.

Your business is unique, and your cash management services should be too. We specialize in providing the tools you need to manage your finances and save time and money efficiently.

Client Testimonial

“Working with Seaside has been a refreshing experience. Their personalized and attentive service fits with the busy professional lifestyle. Everyone plays a role in today's business and having a great banking relationship is on the top of the list.”

-Dr. Frank W. Bowden, III | Bowden Eye and Associates

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Information Reporting

Enjoy convenient access to your money and manage your business accounts in real-time with our information reporting solutions.
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Accounts Receivable

Your time is valuable. Streamline your collections and get some of that time back.
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Accounts Payable

Enjoy convenient access to your money and never be left in the dark. When you streamline your Accounts Payable services with us, you'll save time, money and headaches.
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Fraud Prevention

We offer multiple prevention tools to help protect your business, manage risk, and avoid the costly effects of check and electronic fraud.
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International Services

Manage all your international transactions with our Documentary Collections service. We'll ensure payments are collected quickly, the risk is minimized and documents are correctly exchanged.
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Merchant Services

Accept payments from credit and debit cards and provide the payment flexibility and ease your customers expect.
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Wire Transfers 

Our convenient wire transfer services allow you to move money to and from your Seaside Bank account. 

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NACHA Rule Changes - 2021

Below are two updates to the NACHA rules that pertain to ACH originators. The overarching purpose of these two rules is to deter and prevent, to the extent possible, the improper use of reversals and the harm it can cause. The two rules will explicitly address improper uses of reversals, and improve enforcement capabilities for egregious violations of the rules.
 
Reversals
NACHA has updated the rule for Reversals, effective June 30, 2021.
This is what it means for you:
  • If you need to initiate a Reversal, use the same fields for the initial origination and place the word REVERSAL in all caps in the Company Entry Description Field. 
  • The rule also allows for a reversal due to a wrong date if a debit entry was posted prior to or a credit entry was posted after the intended date.
 
Enforcement
NACHA has updated the rule for Enforcement, effective January 1, 2021.
This is what it means for you:
  • Use of ACH origination in violation of the NACHA Rules in a willful or reckless action involving at least 500 entries or multiple entries totaling at    least $500K will be considered an egregious violation. Such a violation would be reviewed by NACHA as a Class 2 or Class 3 Rules Violation. The sanction for Class 3 violation may lead to fines up to $500,000 per occurrence and suspension of origination access.

For more information or detail surrounding these or other NACHA rules, please visit https://www.nacha.org/rules/ or contact your Treasury Management teammate.

Learning Center

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