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Kingdom First Checking Accounts
Kingdom First Investment Accounts
Kingdom First Credit Services
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Kingdom First Treasury Management Services
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Kingdom First Checking Accounts
ACTIVE CASH MANAGER – Providing churches & ministries with a convenient way to deposit cash and checks and disburse funds.
- Can be opened with just $100
- Well suited for larger organizations that have multiple account and cash management needs
- Insured by the Federal Deposit Insurance Corporation (FDIC) up to $100,000
- Account Information including check copies available 24 hours a day, seven days a week via Cass Internet Banking or the Cass Account Line
- Check images available on compact disk
- Unlimited deposits and withdrawals
- Collected funds can be withdrawn at any time without penalty via check, Internet, Cass Account Line or a phone call to Cass Customer Care Center
- Deposits available for withdrawal as soon as they become collected – generally in about two business days
- Five branch offices and 23 Quick Drop Deposit locations in the St. Louis metro area to serve you
- Pre-arranged courier service available to pickup your weekend contributions
- Monthly statement lists paid checks in numerical order, simplifying account reconciliation
- Monthly service fee and activity charges can be covered by balances maintained in the account or be deducted from the account each month
- Easy – to – use monthly statement is mailed to you by the 3rd business day after month – end
- Customized checks with scripture available
TIERED INTEREST CHECKING – Combining the convenience of an Active Cash Manager account with the interest – earning feature of a Money Market account.
- Can be opened with just $100
- Interest accrues daily and is paid monthly
- No charge for account inquiries or book transfers made via the Cass Account Line
- Monthly fee waived if a $5,000 average collected balance is maintained during the month
- First 25 deposits made during the month are free
- First 50 checks and other withdrawals during the month are free
- First 200 deposited checks made during the month are free
- Insured by the Federal Deposit Insurance Corporation (FDIC) up to $100,000
- Account Information including check copies available 24 hours a day, seven days a week via Cass Internet Banking or the Cass Account Line
- Check images available on compact disk
- Unlimited deposits and withdrawals
- Collected funds can be withdrawn at any time with penalty via check, Internet, Cass Account Line or a phone call to Cass Customer Care Center
- Deposits available for withdrawal as soon as they become collected – generally in about two business days
- Five branch offices and 23 Quick Drop Deposit locations in the St. Louis area to serve you
- Pre-arranged courier service available to pickup your weekend contributions
- Monthly statement lists paid checks in numerical order, simplifying account reconciliation
- Easy – to – use monthly statement is mailed to you by the 3rd business day after month – end
- Customized checks with scripture available
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Kingdom First Investment & Savings Accounts
MONEY MARKET – An investment account that allows you to make deposits and write checks, while you earn interest.
- Can be opened with just $100
- Interest accrues daily and is paid monthly
- Premium rate paid on balances of $1,000,000 or greater
- Variable rate account with check – writing convenience
- Insured by the Federal Deposit Insurance Corporation (FDIC) up to $100,000
- Easy – to – use monthly statement is mailed to you by the 3rd business day after month – end
- Customized checks with scripture available
- Account Information including check copies available 24 hours a day, seven days a week via Cass Internet Banking or the Cass Account Line
- Check images available on compact disk
- Pre-arranged courier service available to pickup your weekend contributions
- Five branch offices and 23 Quick Drop Deposit locations in the St. Louis area to serve you
- Collected funds can be withdrawn at any time with penalty via check, Internet, Cass Account Line or a phone call to Cass Customer Care Center
CERTIFICATES OF DEPOSIT – Providing another investment option for your organization.
- Minimum term 30 days
- Can be opened with $1,000
- Flexible maturity date to meet your needs
- Interest paid quarterly by check, automatic deposit to another Cass account or added back to the certificate
- Insured by the Federal Insurance Deposit Corporation (FDIC) up to $100,000
- Certificate issued in book-entry form thereby eliminating the need to present the certificate at maturity
- No monthly service charge or account maintenance fee
- Account Information available 24 hours a day, seven days a week via Cass Internet Banking or the Cass Account Line
- Written notice of pending maturity
- Grace period of ten calendar days after maturity date allows withdrawal of funds without penalty – see note below.
- Certificates automatically renewed at maturity with like term unless you notify us
Note: Early withdrawal penalties are 30 days of interest on a certificate of deposit with a term of less than one year, and 90 days of interest on certificates with a term of 365 days or greater.
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Kingdom First Credit Services
BRIDGE LOAN – Interim funding for capital campaigns
CONSTRUCTION LOAN – To construct a new facility or rehabilitate an existing one.
- For new construction and rehabilitation of existing facilities
- Floating rate with interest only during construction
- Up to one year construction period
- Convertible to amortized mortgage loan at completion of project
CREDIT CARD – Providing a revolving line of credit for your church or ministry.
- Organization and individual business cards available
- No annual fee if one purchase is made during the year
- Rate floats with prime rate
- Monthly management report available that summarizes and details purchases by cardholder
- Consolidated billing statement option
- Payment can be made by using a touch-tone telephone or the Internet
- You set the credit limits for the church or ministry and individual cardholders
- Visa procurement card available
- Statements and other information available over the Internet
MORTGAGE LOAN – Providing your church or ministry with a way to acquire property or refinance existing debt.
- For acquisition of properties as well as refinancing existing debt
- Interest rate may be fixed or floating
- Maturity ranging from 3 – 5 years
- Amortization can be up to 20 years
- Principal and interest payments can be deducted from a Cass account
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Kingdom First Treasury Management Services
ACH ORIGINATION – Providing your church or ministry with an electronic alternative to paper checks.
- Multiple uses including direct deposit of payroll and payment of federal taxes
- Electronic payments reduce transaction processing time…allowing funds to be available in 2 days…at a lower cost than wire transfer
- Electronic payments reduce paper and save your staff time and effort
- Accelerates the processing of recurring payments such as loans, payroll and taxes
- Can be used in conjunction with cash concentration
- Warehousing capability allows items to be stored until the due date
- Reduced fees for low-volume users
- Payments can be originated via Cass Internet Banking
- Compensating balances may be used to offset fees
- Provides more direct control than paper checks when a transaction is debited or credited to your account
- Initial training and installation of system provided by Cass at no additional charge
AUTOMATIC INVESTMENT ACCOUNT – Providing your church or ministry with an automated way of earning interest on your excess balances.
- Idle cash is transferred to a Kingdom First Money Market account where it earns interest
- Daily review of account by Cass personnel ensures that idle cash earns interest and no overdrafts occur in the operating account
- Idle cash is maintained in the Kingdom First Money Market until it is needed to cover withdrawals in the operating account
- Automatic transfer between accounts
- Accounts linked by total relationship
- Deposit Accounts are FDIC insured up to $100,000
- Collected balances maintained in the operating account eliminate bank fees and other service charges
BOOK TRANSFERS – Providing your church or ministry with a convenient way to move funds between your Cass accounts.
CASH CONCENTRATION – Providing your church or ministry with a way to move funds from your non-Cass account to your Cass account.
- Funds can be moved electronically using Cass Internet Banking or with paper checks
- Funds moved electronically using Cass Internet Banking require minimal effort
- Transfers made only with your authorization
- Transfers can be initiated by you or a Cass staff member
- Can be used to move funds from most bank accounts located in the United States
- Concentration of funds in one account ensures that all available funds are used to offset service charges
- Well suited for churches & ministries located outside of the St. Louis metropolitan area
- Compensating balances may be used to offset fees
CASH ACCOUNT LINE – Providing your church or ministry with 24-hour / 7-day access to account information via a touch-tone telephone.
- Step-by-step instructions guide menu choices to information desired
- User guide with menu choices available at no cost
- Individual access code, chosen by you, restricts account access thereby ensuring that only you have access to your account information
- Local users obtain account information by calling 314-506-5544
- Toll-free number (888-964-4272) ensures non-local users can access account information and services without paying long-distance fees
- Users can obtain account balances and paid checks and verify deposits
- Users can also transfer funds between Cass accounts
CASS CD IMAGE – Providing your church or ministry with a convenient and secure method of storing and retrieving check images.
- Disk includes statement information
- Check images can be found and sorted by amount, check number or date paid
- Images include the front and back of each check
- Multiple accounts can appear on a single compact disk
- Each compact disk can store approximately 25,000 images
- Check images are legal proof of payment
- Check storage becomes more secure and less expensive
- Less time spent retrieving copies of paid checks
- Duplicate disks available
- 24-hour / 7-day access to images also available via the Internet
- Existing paper checks can be imaged and stored on a disk
- Paid check file can be exported from disk
CASS COURIER PICKUP – Providing your church or ministry with a way to get receipts to the bank without leaving your office.
- Service available in the St. Louis metropolitan area
- Courier service saves you time
- Pickup time pre-arranged to fit your schedule
- Only bonded couriers are used
- Cash & checks accepts
- Locked bag provided at no cost
CASS DAILY SWEEP – Providing your company with a treasury management service that automatically pays down your line of credit by transferring excess funds from your operating account. When the line is paid in full or if you do not have a line of credit, excess funds are automatically invested in a money market mutual fund.
- Minimizes your interest expense by using excess funds to reduce debt
- Excess funds are automatically invested in an interest-bearing money market mutual fund when the line of credit is paid down to zero
- Daily transfers to and from the line of credit or investment account eliminates costly overdrafts and ensures excess balances are used to reduce debt or earn interest
- Service charges can be covered by balances maintained in the non-interest bearing accounts or deducted from the account each month
- Customer chooses the balance to keep in the operating account if fees are paid
- Choice of four money-market mutual funds including a tax-free fund
- Interest earned on your investment account is credited monthly and automatically reinvested
- Monthly operating account statement details daily transfers to and from the line of credit and/or investment account
- Daily balance reporting option via electronic mail
CASS INTERNET BANKING – Providing you with electronic access to banking services and account information via the Internet.
- Electronic access made easy
- Accessibility to your account information at your convenience...with up-to-date information downloaded next business day
- Easy access to up-to-date information on account balances and transaction history of all debits and credits
- Obtain copies of paid checks
- Move funds between Cass accounts at your discretion (subject to legal limitations) to maximize investment income and ensure funds are in the desired accounts
- Initiate electronic payments including wire transfers, federal tax payments and direct deposit of payroll
- Transfer funds from your non-Cass account to your Cass account via the ACH module
- Initiate stop payments quickly and easily, eliminating the need for follow-up documentation
- Order checks and deposit slips
- Online customer service feature
- File import and export capability
- Pay bills
- Extensive security measures include: user-defined security levels which provide daily limits at the operator and company level (for outgoing wires, ACH transactions and book transfers), and required verification and approval of outgoing wires
- Online user manual available at no cost
- Compensating balances maintained in the non-interest bearing account can be used to offset fees
- Reduced transaction fees for wire transfers, ACH origination, stop payments and book transfers
- 128 – bit encryption used
- Multiple firewalls used
FEDERAL TAX PAYMENTS – Providing your company with options to pay your federal taxes.
- Payments can be originated by you using Cass Internet Banking, or by the U.S. Treasury
- Same-day tax payments can be sent via Cass Wire Transfer up until 12:00 PM CST.
- Most federal taxes can be paid
- Balances maintained in the operating account can be used to offset fees
PAYROLL SERVICES – Providing you with alternative ways to pay your employees.
- Pool account arrangements with several leading payroll processors streamline bookkeeping resulting in lower payroll processing costs
- Direct deposit option available via Cass Internet Banking
- Payroll taxes can be remitted electronically via Cass Internet Banking or EFTPS®
- Payroll transactions clearly described on bank statements
QUICK DROP DEPOSIT SERVICE – Providing your company with yet another convenient, safe and inexpensive way to deposit checks into your Cass account.
- Convenient Quick Drop locations throughout the metropolitan area
- Quick Drop boxes located in safe, secure office buildings
- Funds become available for withdrawal or investment quicker because mail float is eliminated
- Can also be used to make loan and tax payments
- Transactions collected by bonded couriers
- Deposit receipt mailed to you on day of deposit along with new envelopes
- Deposits and payments posted to your account the same day they are picked up if they are in the deposit box by 12:00 PM.
- Service is free
ZERO BALANCE ACCOUNT – Providing your company with a method of centralized cash control.
- Consolidates funds, thereby reducing your overall cost of capital
- Can allow independent function of subsidiary(ies)/divisions
- Multiple accounts are reconciled externally, thus saving you clerical time and expense
- Saves time by automating inter-company funds transfers
- All balances insured up to $100,000 by the Federal Deposit Insurance Corporation (FDIC)
- Compensating balances maintained in the operating account can be used to offset fees
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