Cash Management

Philadelphia, PA

Built for business.

In business, there’s no room for error. We offer services to help run your business more efficiently, to free your time so you can focus on what’s important – growing your business.

Account Management

Managing your money starts with the right account. Meridian has accounts to fit every need: large corporate, mid-size business, sole proprietor, non-profit. Whatever your size, we have an account for you.

Free Business Checking

Basic account with no monthly service charge and no minimum balance requirement. 1000 free transactions/.40 per item over 1000

Analysis Checking

Account balances generate Earnings Credits to offset fees for high account activity and Cash Management services.

  • Combined Account Analysis
  • Reduce or even eliminate monthly service charges by combining the balances and activity in various accounts. This service allows your business to use the balance in one account to compensate for the activity in another.

Business Interest Checking (Non-Profits & Sole Proprietors)

Minimum balance requirement of $1,500 to waive $8 monthly fee, entire balance earns a competitive interest rate.

Business Money Market Accounts

The benefits of a checking account with the reward of higher interest rates. Minimum balance requirements and account restrictions apply.

Escrow Accounts

Set aside escrow payments in individual, interest-bearing sub- accounts. Use our online banking service, NetTeller, to monitor accounts, activity and to make deposits. 

Meridian IOLTA

Available to attorneys to safeguard client funds. Interest is paid to the state IOLTA Board on the attorney’s behalf.

Account TypePerfect forMonthly Service Charge 1 Minimum To OpenTransactions per statement cycleCoin and Currency Deposits
Free Business CheckingPerfect for most businesses with 1,000 transactions or less per month$0$251,000 FREEUp to $10,000 coin/currency deposited per statement cycle FREE
Business Interest CheckingDesigned for sole proprietorships and not-for-profits who will keep a minimum balance of at least $1,500Only $8 if the minimum daily balance falls below $1,500$251,000 FREEUp to $10,000 coin/currency deposited per statement cycle FREE
Analysis CheckingFor businesses with more complex banking needs$20$25Transaction items are just $0.10 each. Earnings credit may offset activity feesCoin and currency deposits just $0.50 each per $1,000

Fraud Protection

Don’t be a victim of fraud. Proactively protect your business and accounts from losses.

Positive Pay

  • Protect against check/ACH fraud by comparing approved checks to ones presented to be paid
  • A powerful tool in the fight against check fraud.
  • Simply provide Meridian with a list of checks you’ve issued. If a check presented doesn’t match the list, you’ll decide if you want to pay or return it.
    • ACH Positive Pay allows you to control debits and credits posting to the account to help guard against unauthorized electronic activity.

ACH Debit Block

Filters out unrecognized debit attempts. Prevents unauthorized electronic debits from hitting your account. You tell us who can charge your account and how much. We’ll block any unauthorized charges to your account

Balance Management

Maximize the return on idle account balances. Don’t let the money sit there, have it work for you.

Zero Balance Accounts (ZBA)

Consolidate balances from multiple accounts into one concentration account. Automatic transfers move excess funds to the master account. Typically used for payroll accounts and helps to reduce overdrafts.

Investment Sweep

Excess balances are swept automatically out of the account and into our Insured Investment Sweep account. Funds are FDIC insured by disbursing the funds to other banks through Reich & Tang (3rd party). Multiple tiers available with different rates

Loan Sweep

Excess balances are swept automatically out of the account and into our Insured Investment Sweep account. Funds are FDIC insured by disbursing the funds to other banks through Reich & Tang (3rd party). Multiple tiers available with different rates

Escrow Management

Generate interest on balances held for clients in Escrow accounts (e.g. security deposits for landlord). Interest can be paid to you or your client. We’ll also take care of the record keeping to free up your time.

Online / Mobile Banking

Meridian’s online banking services give you immediate access to your banking activity 24/7. You have real time information for real time decisions.

Online Banking

Meridian’s online banking service, NetTeller, will act as the control center for your daily banking and account management needs. It provides a platform for processing electronic transactions, including ACH, bill pay and wires.

Mobile App

Online Access through Meridian’s mobile phone app. Use your smartphone or tablet to access your accounts anytime, anywhere. View accounts, activity, make transfers, send ACHs & wires

Collection Services

Streamline your Accounts Receivable process to improve efficiency, free up resources and get money into your hands when you want it.

Scan checks with a desktop scanner to deposit checks  them right from your office when you receive them; no need to go to the bank! Detailed deposit reporting available to help you manage receivables. Learn More

Use your smartphone to take a picture of the front and back of the check, send it to us and the deposit is made.

ACH Collections

Payments/Receivables done electronically; next day availability. Collect payments from your customers electronically. ACH gives you control over when you collect your receivables, streamlines the billing process and protects both parties from fraud.

Credit Card Processing: mobile, physical, or virtual terminals available. Boost sales and expand your customer base by accepting credit cards for payments. Next day funding available as well as all the latest technology for processing cards through any channel.

Disbursement Services

Simplify the payment process to reduce costs, manage expenses and take control of your outgoing money.

ACH Payments

Safe and secure electronic payment method. Reduce AP/AR costs, save money on paper check and mail expenses, save time and protect your confidential account information. Enables better predictability of payments for cash flow forecasting and you can upload system generated payment files from your accounting software.

NACHA Upload

NACHA Upload

CSV Import

CSV Import

Manual ACH Payment

Manual ACH Payment

Bill Pay

Pay bills online from your computer or phone. Sent electronically or by computer generated check. Bill Pay reduces check and mailing costs and protects your confidential account information.

Wire Transfers

Domestic and International transfer of funds. Make critical payments same day, quickly and securely. Initiate Domestic or International wires online through NetTeller. Same day availability

Online Wire Processing

  • Send wire transfers quickly and conveniently using the online banking wire feature to process both domestic and international wire transfers.
  • For more information, please email wires@meridianbanker.com or call 484.395.2061

Business Debit Cards

Fast, easy and secure method to make purchases; easily track card purchases/reporting. Eliminate the need to issue checks or reimburse employees. Ability to limit POS amount for specific uses (gas, supplies, etc.)

Meet Our Team

Have questions? Reach out to Jason or Greg, or fill out the form below and we’ll get back to you.

Jason Rose

Treasury Services Support Specialist

484.586.3526

Gregory Herrmann

Treasury Services Support Specialist

484.540.9617

Contact Us

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