Collections Solutions

Remote Deposit

Save time and put your money to work the day you receive it with remote deposit. Our remote deposit scanners and online software enable you to instantly deposit receivables without leaving your office.

Automated Clearing House (ACH) Collections

With prior customer authorization, set up recurring collection of their fees, dues, donations, invoices, etc. Automate your collection process by electronically debiting their account via the monthly, quarterly or annual collection cycle you select.

2019 ACH Rules Update 2017 ACH Rules Update 2016 ACH Rules Update

ACH Receivables

It’s simple to be paid electronically for outstanding invoices! With prior customer authorization and account information, within 24 hours you can create an electronic debit in their account; specify multiple categories and payment dates; and issue an email confirming payment. Additionally, ACH receivables allows you to consolidate cash from accounts at other banks.

Lock Box Services

Cut internal overhead by directing customers to remit payments to a dedicated P.O. Box managed by St. Louis Bank. We process and deposit all checks to your account daily and offer a variety of reporting options. There’s also a web portal to enable you to review daily receivables data and reports.

Merchant Services

We partner with MSP Consulting to provide our commercial customers with cost efficient, customized payment processing solutions. MSP Consulting customizes best in class solutions that cut the cost of processing payments by an average of 25 percent. Their demonstrated track record, consultative approach, transparency in pricing and exemplary customer service level has had a positive impact on our commercial customers.

To learn more about MSP Consulting please contact Stacey Dohrman at 314-851-6223 or MSP at 855-890-4900 or visit MSP Consulting’s web-page: MSP Consulting

Courier Service/Night Depository/ATM Deposits

St. Louis Bank can schedule regular weekday courier pick-ups. For 24/7 convenience, our building has a night depository and ATM machine.