NCB Offers Virtual Vault for Business Customers Nationwide
Business Banking Gets Faster and Securer with Innovative Financial Network
Washington, DC (June 30, 2009) — NCB, a leading financial services company, introduces
Virtual Vault with Safepoint®, the newest addition to the Bank’s latest cash management services, in part of its ongoing mission to provide business banking customers with the most complete and convenient suite of products and services. The
Virtual Vault, NCB’s coin and currency services platform, provides users with deposit acceptance, shipment and processing, cash preparation and change order fulfillment. This service is offered in strategic collaboration with LOOMIS and SafePoint®, giving customers access to a national cash distribution network, complimented by an integrated one-source solution designed to serve all cash needs and reduce risk to businesses.
One of the unique and advantageous features offered by this partnership with Loomis/SafePoint, is the ability for business owners to deposit funds in a Tidel safe, which counts the money and provides provisional same day credit, allowing immediate access to the funds. The opportunity to utilize funds without delay is a distinct part of the NCB program, and allows businesses to run smoothly and effectively, with access to its full operating capital at all times.
“As part of NCB’s ongoing commitment to providing a comprehensive array of products and services to meet all of our business customer’s financial needs, we’re pleased to offer the Virtual Vault product, further increasing the Bank’s high-level of security and efficiency for customers in our network,” stated Charles E. Snyder, President and CEO of NCB. “We take great pride in our ability to provide superior service and Virtual Vault, along with the provisional, same day credit, is another way we can enhance our customer’s banking experience.”
NCB, FSB is participating in the FDIC’s Transaction Account Guarantee Program. Under that program, through December 31, 2009, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC’s general deposit insurance rules.