Zero Balance/Target Account
This account lets you concentrate all your funds into a single account while benefiting from the flexibility of multiple disbursement accounts for accounting purposes and audit control. You eliminate forecasting and funding guesswork and improve your funds control and productivity.

A Zero Balance Account concentrates funds into a Master Account which is used to fund disbursement accounts. One entry is made at the end of the day to fund disbursement accounts such as payroll, accounts payable, employee benefit payments, etc. Subsidiary accounts are maintained at zero (or target) balance to eliminate idle funds.

A Sweep Account is used to maintain a target balance in your corporate checking account while earning interest on excess funds or minimizing use of your line of credit. Excess funds move into an interest bearing overnight repurchase agreement or used to pay down your line of credit. When needed, the funds move back to your checking account or a draw is made on your line of credit.

With a Commercial Investment Account, your corporate checking account is linked to an overnight investment account. A target collected balance is established for your checking account and excess funds are automatically invested in an interest bearing account.

Another sweep account option is to link a Revolving Line of Credit to your corporate checking account. When you need additional money, it automatically gets transferred to your account. Excess funds are used to pay down the line of credit.

Positive Pay
This system allows you to identify and return fraudulent checks paid against your checking account on the same day they are received by Wood County National Bank. This is accomplished by comparing the check serial number and the dollar amount of each check presented against a file of valid issue items you provide us.
 

VISA & MasterCard Merchant Credit Card Processing
We can provide your business with full authorization and settlement processing for VISA and MasterCard transactions. We are also able to provide authorization for Discover, American Express, Diners Club and Carte Blanche (customer receives separate settlement directly from the vendor). We offer store card swipe merchant terminals with printer and also support touch-tone capture for low volume merchants. Wood County National Bank also has a PC-based product for mail order/phone order/Internet merchants. We can also support PIN pads for merchants who want to offer PIN based transactions at point-of-sale.

VISA & MasterCard Corporate Credit Cards
We can issue corporate credit cards to your business for use by your employees.

Wire Transfer Services
Large dollar transactions can be transferred anywhere in the United States or almost any foreign country. The funds arrive within a few hours and are immediately available to the recipient. We use the Federal Reserve Bank and Bankers’ Bank to execute these wire transactions. Transfers can be initiated by telephone or in person.

24-Hour Depository
Make deposits to your Wood County National Bank account anytime through our 24-Hour Depository. You receive a locking bag with two keys and unlimited keys to our depository. Our tellers open your bag in the morning under dual control and process your deposit. A receipt is placed in your bag and it can be picked up during regular bank hours.

Coin & Currency Service
You can obtain coin and currency for your business needs at any Wood County National Bank office. Save time by calling ahead and your order will be ready for pick-up when you arrive.

Commercial Lockbox Service
Accelerate the collection of your accounts receivables by having your incoming cash remittances sent directly to a lockbox at Wood County National Bank. We process transactions on a daily basis and provide you with a report showing the remitter, payment amount and other pertinent invoice information. You eliminate the handling of incoming checks and the preparation of bank deposits – plus accelerate your funds availability.

Anytime Banking Center
Using a touch-tone telephone and your Personal Identification Number (PIN), you can access your account information anytime from anywhere by calling (715) 422-0222 or toll-free (888) 422-4613.