Topic_22_E1 - Topic 22 Exercise 1 Cash Management Services...

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Topic 22, Exercise 1 Cash Management Services at Commercial Banks Commercial banks provide large and small businesses a variety of cash management services. The banks often provide considerable detail about their cash management services on their web site. Bank One provides an excellent review of a variety of cash management services for small and large businesses. Select “Cash Management” from the “Small Business” menu and enter your zip code. Then, review the various cash management services provided to small business by Bank One and answer the following questions. 1. What areas of operations could the small business outsource (let them handle it) to Bank One? Bank One provides a variety of cash management services related to paying and receiving funds, usually checks. Several of the services, such as check imaging and lockbox services, outsource record keeping functions to the bank that has the equipment/computing ability to reduce costs for the business. Other cash management
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