Treasury Management

A comprehensive suite of business services to streamline payables and collections, manage global disbursements, and mitigate financial risk.

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We understand how cash flow management drives growth and profitability. Expect personalized, collaborative service from your BanescoSelect Relationship Manager in Puerto Rico and our Treasury Management specialists to provide the tools, technology, and solutions that support your liquidity strategy.

We offer a suite of available digital solutions to maximize efficiency. We guide you through the setup process and can adapt services as your needs change.

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Account Management

Innovative online and digital technologies streamline the management of your business accounts.

Assign authorized users to your accounts to facilitate transactions that meet the parameters you set, so you maintain control while increasing operational efficiency.

Workflow efficiencies are improved with data exports to QuickBooks^®, paperless statements, and account activity alerts, as well as the flexibility to transfer funds between your accounts online or in the mobile app.

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Payables Management

Services suited to align with your cash balances and financial forecasts.

Wire transfers seamlessly transmit electronic payments within Puerto Rico, and to and from the U.S. and internationally.

Our Visa Debit Card offers the flexibility to pay contactless for purchases online and in person, plus the ability to monitor transactions online to maintain cash flow.

Simplify business-related spending with a Visa Purchasing Card¹ that offers efficient expense tracking, customized spending limits, and real-time visibility.

Gain more buying power for your Puerto Rico business with Letters of Credit to help you strengthen relationships with a guarantee of payment.

Collections Management

Services that accelerate collections to strengthen your balance sheet

Zelle^® for your business, Merchant Services, and Apple Pay streamline availability of funds in your account. Remote Deposit Capture² expedites processing and eliminates a visit to a banking center to deposit paper checks.

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Risk Management

Banesco USA oversees your accounts to prevent fraud and protect you from cyber threats. Positive Pay detects potential fraud by matching your check payee and other information prior to processing.

Our Online Banking tools make it easy to add or remove authorized users, set up transaction limits, and view processing history. Account activity is monitored to detect potential fraud. Your historical transaction patterns are analyzed and any deviation is brought to your attention.

Two-factor authentication provides added protection when using our mobile app, and paperless statements are posted in your online accounts to view and download.

Banesco USA accounts are insured by the FDIC up to the standard maximum amount. Higher FDIC insurance coverage is available with CDARS^® and ICS^® for deposit balances above $250,000.

Service from your Puerto Rico based BanescoSelect Relationship Manager is complemented by secure email messaging available through Online Banking and the mobile app.

Account transaction and service fees apply. Refer to the Schedule of Fees and Service Charges.

¹Visa Purchasing cards are subject to credit approval. Additional conditions may apply.

²Equipment rental fees not included. For more information about Treasury Management products and fees, contact your Treasury Management Specialist or email TM@banescousa.com.

Quicken^® is a registered trademark of Rocket Mortgage, LLC, used under license. QuickBooks^® is a registered trademark of Intuit Inc.

Use of the ICS and CDARS services is subject to the terms, conditions, and disclosures set forth in the CDARS-ICS Participating Institution Agreement and applicable Deposit Placement Agreements. Limits apply, and customer eligibility criteria may apply. ICS program withdrawals are limited to six per month when using the ICS savings option. CDARS, ICS, Insured Cash Sweep, One-Way Buy, and One-Way Sell are registered service marks of Promontory Interfinancial Network, LLC, now IntraFi Network^SM. Floating-Rate Funding and Insured Overnight Funding are service marks of IntraFi Network.

Apple Payments Services LLC, a subsidiary of Apple Inc., is a service provider of Goldman Sachs Bank USA for Apple Card and Savings accounts. Neither Apple Inc. nor Apple Payments Services LLC is a bank.

Zelle^® is available in over 2,300 banking and credit union apps. To send or receive money with Zelle^®, both parties must have an eligible checking or savings account. Transactions between enrolled consumers typically occur within minutes. Check with your financial institution. Zelle^® and the Zelle^® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.