Banking for government
comes with some unique needs and responsibilities. Both at the
state and municipal level, government employees have a duty to ensure
taxpayer dollars are used responsibly and correctly. Often, this means
banking for municipalities needs to allow for maximum transparency,
convenience and efficiency.
Guidance, knowledge, and support—that’s what we deliver to every
government entity we serve. We understand municipal and government
banking and investment objectives and we'll work closely with you to
create a customized service package.
We provide checking accounts, loans and lines of credit, cash sweep
accounts, leasing, merchant services, investment options and more. We
make it easy for municipal governments to work with committees and teams
to bank together while allowing for maximum accountability for each
individual person using a government bank account.
Best of all, each of our services is designed for the best possible use of taxpayer dollars.
Our Government Checking account offers:
- No Minimum Balance Requirements
- Business Debit Card
- Free Basic Online and Mobile Banking1
- Tiered Competitive Interest Rates2
- Full Collateralization Above $250,000 FDIC Coverage
- Act 72 Coverage
1 Internet service provider/mobile carrier rates may apply.
2 Tiered rates to be determined.
2 Tiered rates to be determined.
In
addition, we have banking solutions customized to meet the needs of
your county, borough, township, or municipality. If you're a government
agency or municipality in Pennsylvania, we can provide:
Loans & Lines of Credit
Municipal governments must support local residents, take care of
infrastructure and handle any needs that arise. However, municipalities
often have to wait until tax time or even collection action to collect
the revenues they need to pay for basic services. Loans, letters of
credit and lines of credit from West Bank can help you close the gap
and can help you fully support the people in your community.
West Bank can help with your lending needs for financing capital
projects or refunding General Obligation Bonds. Let us help manage your
cash flow for ongoing expenses. Our lines of credit can help you avoid
fluctuations in your annual budgets caused by large-expense items. Ask
about our competitive interest rates.
Leasing
Most municipalities have a need for equipment — whether it is
computers for an office or machinery to support your community. While
you have the option of contracting what you need or purchasing, leasing
is an affordable solution that can help you manage cash flow and
revenues. Leasing has the benefit of freeing up more cash by requiring
less upfront investment and allows you to upgrade equipment as needed.
Leasing your purchases allows your essential equipment to pay for
itself thanks to the savings you will realize when compared to
purchasing your equipment.
Plus, you can avoid your equipment becoming obsolete with
trade-ins. Rather than holding onto purchased equipment for an extended
period of time due to the high cost of replacement, leasing allows you
to trade in your equipment as it becomes obsolete, so your municipal
residents always have the newest technology they deserve.
Leasing with West Bank offers several advantages for your municipality:
- Up to 100% financing of equipment
- Fast, local credit decisions
- Flexible financing with a fixed rate on terms up to 60 months
- Sales and use tax paid monthly
Digital Deposit
Remotely and securely deposit checks for fast availability with our
digital check scanner. Our specialist will install the equipment and
teach you the process so your team members can bank at any time and
without having to come into a financial center.
Merchant Services
Make it easier to provide card payment processing services with
competitive pricing and programs. Your municipality can take advantage
of merchant services to give residents another way to pay property
taxes, utility bills, parks and recreation reservations, fines and other
costs to your municipality. This can help your collections process and
make it easier for you to collect revenues outstanding.
ACH Debit Blocker
The Automated Clearing House (ACH) lets you initiate credits and
debits electronically. If you have an account where tax, pre-authorized
or payroll debits are made, ACH Debit Blocker allows you to gain more
control. The system automatically filters out unrecognized debit
attempts and only accepts debits from those ACH originators you have
authorized.
Positive Pay
Help prevent fraudulent checks with Positive Pay. This software
scans information from each check and either accepts or rejects the item
for payment. Positive Pay can be part of your strategy to avoid
fraudulent checks and subsequent long-term collections practices.
Savings Options
Call today for our latest CD and Money Market rates. You may also be interested in the CDARS®
(Certificate of Deposit Account Registry Service) program, which allows
you to combine the convenience of working with one financial
institution with the security of FDIC insurance. Our savings options
allow you to maximize your revenues and grow them so you can meet your
budgetary needs.
The Bank for Municipalities
West Bank has been providing banking services to meet the needs
of government entities for years. We understand how local governments
work and the types of financial services they need. Whatever the size of
your entity, we offer the robust financial services you need to serve
your constituents and honor their tax dollars with action and
efficiency. Contact West Bank.