Services for Religious Organizations
Additional Services for Religious Organizations
Our specialty group dedicated to serving Religious Organizations - from houses of worship, schools and social service agencies to health care providers - is widely regarded for the personal care and attention they provide for our clients. Our Religious Organizations group understands the issues and challenges facing many types of religious organizations and works closely with clients to meet their financial needs. We can help with construction loans for new buildings or renovations funded by capital campaigns, seasonal working capital lines of credit bridging to tuition or dues collection, financing accounts receivable from a variety of payment sources, and other creative solutions for your special needs.
We also offer many customized deposit services for Religious Organizations, including cash pick-up after weekend collections and tuition payment programs. Let us help you manage your financial health.
Services for Religious Organizations
Cash Deposit Pick-Up
Religious Organizations can take advantage of our highly personalized and convenient Cash Deposit Pick-Up services. For clients who find it difficult to leave their offices to go to the bank, the Bank provides a messenger to pick up deposits at their place of business and deliver them to the Bank. Deposit pick-ups can be arranged on a regularly scheduled or as needed basis whenever the Bank is open for business. This service is available throughout the metropolitan area. Regardless of geographic location, religious organizations and businesses can benefit from Sterling National Bank’s high quality products tailored to their needs and exceptional personal service.
Sterling National Bank’s Cash Deposit Pick-Up Services are:
- Easy to implement & use
- Reliable, accurate & confidential
* Cash pick-up services require a signed agreement
** Under New York State Banking Law, cash pick-up not available in Sleepy Hollow, North Tarrytown or Mahopac
School Tuition Accounts
Sterling National Bank offers a simple yet effective program for private colleges, high schools and parochial schools to collect tuition. The Bank acts as collecting agent to accept monthly tuition payments directly by mail, in person at any Sterling National Financial Center or through Preauthorized Direct Deposit. Payments come directly to the Bank for deposit in the school’s operating account. Schools receive weekly statements showing all tuition payments received and other account activity. Sterling National Bank will also provide tuition coupon books for each student listing the school name, Sterling National Bank account number, the amount of the student’s monthly tuition and due date. Payments can be mailed in monthly or made in person at any Sterling National Bank Financial Center. Sterling National Bank clients can also choose to have the amount automatically deducted from a checking or savings account. This service is convenient for parents, guardians and students for paying tuition and makes funds available faster for schools.
Sterling National Bank's School Tuition Accounts provide:
Convenient methods of payment
- Coupon books
- Automatic deduction
- In person at any Sterling National Bank Financial Center
Benefits for schools
- Eliminates the need to collect and deposit payments
- Improves cash management
- Facilitates accurate record keeping
- Provides safety, convenience and efficiency
Nursing Home Resident Accounts
Sterling National Bank provides a convenient and effective program to assist nursing homes with the management and tracking of resident accounts. Our Nursing Home Resident Account program offers nursing homes the option of three different types of dedicated checking and/or savings accounts for each resident, as well as easy-to-read monthly reports and concise statements for each account. Nursing homes benefit from Sterling National Bank’s expertise and experience, as well as its highly personal service and responsiveness.
Resident sub accounts
- Resident ACH Sweeps – Tracks all incoming pension and Social Security payments
- Resident Savings – Tracks all monthly transfers (debits and/or credits) as directed by the nursing home
- Resident Burial Funds – Tracks funds for burial expenses
- Concise, easy-to-read reports: Comprehensive monthly status reports for each sub-account identifying incoming ACH Sweep activity, as well as current Ancillary Savings and Pre-Need/ Burial balances
- Resident Sub-Account Statements: Optional quarterly or yearly Ancillary Savings and Pre-Need /Burial statements
- Accurate, reliable and responsive service
- Efficient processing and monitoring systems
- Streamlined recording and maintenance of resident accounts
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For additional information about the benefits of banking with Sterling National Bank, please contact the Financial Center nearest you.