DEPOSIT & INVESTMENT SERVICES
- ASSOCIATION NOW ACCOUNT
Earn interest on operating funds
- RESERVES
Premier money market and CD rates; tiered rates for higher balances
- DEPOSIT INSURANCE
Protection for reserve accounts beyond standard FDIC coverage through the CDARS network
PAYMENT REMITTANCE
- RETAIL LOCKBOX
Destin First can handle your association’s monthly payments through centralized collection at a local address. Deposits are made electronically providing your association with faster access to funds and system integration between our bank and your accounting software.
- REMOTE CAPTURE
Collect, scan, and deposit association payments electronically without leaving your desk. It’s like having a bank right in your office. Deposits may be uploaded to your accounting software for increased efficiency.
- CASH MANAGEMENT
Access accounts, create reports, and transfer between accounts at Destin First. Use the Destin First Cash Management System to make direct ACH payments, send wires, and make tax payments.
- TRANSMISSION
Reporting available daily and accessible to association management and board.
BORROWING
Operating lines of credit may be established for each association based on historical need.
Destin First will assist in drafting resolution language for the association’s annual meeting which would authorize and provide immediate advances for the following purposes:
- Insurance Premiums
- Emergency Repairs
- Special Assessments
To reach a member of our association banking team today, call 850.269.1201 |
