• Security Alerts • Locations & Hours • Contact Us
Provident State Bank, your local bank, is proud to serve companies that want to manage interest expense and improve profitability. These companies can achieve this through our automated cash collateral/loan sweep service.
Deposits are made into an Operating Account.
As deposited checks clear, collected funds are applied to the outstanding balance of the line of credit, reducing interest cost.
When checks are paid from the Operating Account, a line advance request will be made the same day to cover the total dollar amount required. Loan advances are made in $1,000.00 increments from your line of credit.
The checking accounts and the loan account can be made available online using PSB Business Online Banking from Provident State Bank, your local bank.
Checking accounts are established as analysis accounts and activity will be combined for service charge purposes, reducing service charge expense.
NOTE: This process can help eliminate potential overdrafts, further reducing service charges.
Your privacy is very important to us. We would like to advise you that Internet email is not secure. Please do not submit any information that you consider confidential. We recommend you do not include your social security or account number or other specific identifying information.
You are leaving Provident State Bank's website and linking to a third party site. Please be advised that you will then link to a website hosted by another party, where you will no longer be subject to, or under the protection of, the privacy and security policies of Provident State Bank. We recommend that you review and evaluate the privacy and security policies of the site that you are entering. Provident State Bank assumes no liability for the content, information, security, policies or transactions provided by these other sites.