Enhancing your ability to make sound decisions and improve financial performance with customized treasury management solutions for your business is our priority.
Designed to provide maximum control, processing efficiency and convenience, our liquidity and management solutions – like everything else at Peapack-Gladstone Bank - can be tailored to meet the needs of your working capital structure and streamline your daily treasury functions.
Liquidity & Management Solutions:
Managing and maintaining your company’s liquidity is essential for your short-term operations and future growth.
- BAI Reporting
- Checking Account Sweep
- Insured Liquidity Sweep*
- Mobile Banking
- Online Reporting
- Online Escrow Management
- Zero Balance Accounts
Our Insured Liquidity Sweep program is one of the most flexible, multi-million-dollar FDIC insured cash management solutions available, ideal for individuals, joint account holders, business accounts and public funds. It offers account holders a unique opportunity to enjoy the safety of millions of dollars in FDIC insurance, earn interest regardless of account type and to consolidate multiple bank relationships into a single, comprehensive treasury management solution.
* Please carefully read the PGB Insured Liquidity Sweep program (“program”) Terms and Conditions before depositing any money into the program and for other important customer disclosures of information. The program itself, is NOT an FDIC-insured product. Rather, under the program, your funds are deposited into deposit accounts at participating banks or other financial institutions which are insured by the Federal Deposit Insurance Corporation (FDIC) for up to the current standard maximum deposit insurance amount (SMDIA) of $250,000 per eligible depositor, per receiving bank or institution, for each ownership capacity or category, including any other balances the depositor may hold directly or through other intermediaries, including broker-dealers. Please contact us to confirm the receiving institutions at which your deposits are held at any given time. If you hold any funds at a receiving bank or institution outside the program, when combined with your deposits held at that institution through the program, the total amount of your deposits at that receiving institution could exceed the SMDIA for an ownership capacity or category, and those excess funds will not be FDIC insured. The total amount of FDIC insurance available on your deposits under the program depends on the number of receiving institutions in the program. If the amount of your deposits in the program is greater than the maximum FDIC insurance coverage under the program, any excess funds will not be insured. To assure your FDIC coverage, please regularly review banks in which your funds have been deposited and notify us immediately if you do not want to allocate funds to a particular bank or banks. If you so exclude a bank from the program, the maximum level of FDIC insurance coverage available under the program may decrease. Please contact us for the maximum amount of FDIC insurance currently available on your deposits under the program.