If your company has multiple locations and makes deposits into other banks, Cash Concentration Service from IronStone Bank will help you transfer those deposits into your IronStone Bank account. Cash Concentration is a timely, cost-effective way to bring together and keep track of funds from multiple business locations.

Here's how Cash Concentration works:

Your locations continue to use local banks while deposits they make are transferred into your IronStone Bank account. Here are some additional benefits of Cash Concentration:

If you would like to transfer funds from your IronStone Bank account to a location's outlying bank account, we can establish Reverse Cash Concentration. Funds are made available in your location's local account on the banking day following the transfer.