Manage Accounts Payable

ACH Credit Origination

When you convert your small business from paper to electronic cash management, you can streamline accounts payable processes. Our business banking services reduce errors and fraud risk, decrease payment-processing time and cost, and improve cash forecasting. ACH Payments allow your company to initiate direct deposit of employee paychecks, consumer payments, business-to-business payments, and tax payments electronically.

Benefits:

• Increase Internal Efficiencies – Check preparation, processing and reconciling.
• Control Cash Flow – Improve forecasting, eliminate collection float and reduce delinquencies.
• Reduce Costs – Less postage and reduced check orders.
• Security Controls – Reduces your risk to fraud and minimizes the chance of lost or stolen checks.
• Expedite Services – Same Day ACH option available.

Wire Transfers

Using the power of the Internet, you can initiate Wire Transfer payments from your office, your home or wherever business takes you. Wire-transfer funds through our online banking platform, quickly and efficiently, whether you’re working domestically or abroad.

Benefits:

• Convenience – Submit wire requests from home or office.
• Cost Savings – Lower cost per wire.
• Domestic Same Day Settlements – Send wires within the U.S.
• Strong Internal Controls – Delegate wire transfer duties among several different employees (e.g. certain employees initiate wire requests, others confirm) for stronger controls.

One Card Corporate Credit Card

The One Card gives your organization unified processing, simplified management and maximized savings. Moreover, it provides access to the Visa® worldwide network with acceptance at millions of merchant locations and ATMs.

Use of the One Card ensures your employees access to goods, services and cash around the globe — eliminating the need for more costly alternatives such as petty cash or cash advances. Additionally, detailed transaction data is captured on every purchase. The One Card can be fully integrated with your electronic expense reporting (EER) system so you get valuable information to help you monitor T&E spending and aid in vendor negotiations.

Benefits:

• Gain Efficiencies – Consolidated invoices.
• Improved Internal Controls – Control merchant category and change purchasing authorization and spending limits easily.
• Reduce Costs – Reduces paper and check handling costs and can lower billing and collection cost.
• Optimize Cash Flow – Control payment timing.

Commercial Management Line of Credit

All businesses require working capital to smooth out ups and downs of the cash flow cycle. You may find from time to time your needs exceed the line available on your credit card – especially when you need to make larger purchases or investments to grow. WesBanco’s Cash Management Line of Credit can provide the flexibility you need to more effectively manage your cash flow.

Benefits:

• Automatically linked to any specified deposit account to provide overdraft protection eliminating costly overdraft fees;
• Funds short-term cash flow needs;
• Excess deposit balances can be applied to credit line on a daily basis;
• Approval granted by corporate banking dept. through normal underwriting requirements.

Foreign Exchange Services

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides a network that enables financial institutions worldwide to receive information about financial transactions in a secure, standardized and reliable environment.

WesBanco customers simply have to provide the following to the Foreign Originator or Bank:

• Beneficiary Bank: WesBanco Bank, Inc.
• BIC or SWIFT Code: WEBCUS33
• Bank Address: 1 Bank Plaza, Wheeling, WV 26003
• Beneficiary: (WesBanco Customer’s Name)
• Account #: (WesBanco Customer’s Account #)
• Beneficiary Address: (WesBanco Customer’s Full Address)

Benefits:

• Streamlined On-boarding – Requiring no change to your current banking account structure.
• Material cost savings from preferred pricing.
• Beneficiary Bank Address: 1 Bank Plaza, Wheeling, WV 26003
• Secure Transactions – Cleared through multi-national counterparties.
• User-friendly, client-facing trading portal, with live pricing in all time zones.