SIS Bank knows that a shift in life events are not always the easiest to deal with. As a funeral home director or advisor, you provide comfort and understanding as you guide your clients through the funeral planning process. SIS can help make sure you have the time to focus on a smooth transition for grieving families with a more convenient way of handling the financial piece of the process.
Funeral costs aren't typically at the forefront of a person's mind, nor is it something that someone wants to anticipate. However, it doesn't mean you can't be prepared. Mortuary Trust Accounts allow you to build a stable financial ground when the inevitable happens.
Your clients can establish an MTA by depositing money into an interest-bearing trust account. When death occurs, the trust funds will be disbursed to the funeral home, cemetery or other service provider that you have designated as the primary beneficiary in the trust agreement.
What you need to know:
- Your clients can continue to make additional deposits to your MTA over time.
- Clients can go to your funeral home to open the account, no need to come to the bank.
- Generally, after the funeral costs have been paid, any amount remaining in the trust will be distributed to the estate or the beneficiaries of the owner.
Making sure your clients remain the primary focus as they plan the passing of a loved one, you can now dedicate more time to doing that and less time putting money in the bank using SIS's Remote Deposit Capture technology.
With RDC, you can scan the checks you receive from your clients and make deposits electronically. This feature saves you time and money and is secure. It also reduces risk of deposit errors.
Other benefits of RDC:
- Make unlimited deposits from your place of business
- Perform your own research
- Increase funds availability
- Reduce the number of trips to the bank
Whether you're running a business or taking care of your own personal finances, paying bills or taking the time to manage payroll can take hours. ACH allows you to set the amounts and the preferences so your vendors, services and employees are paid on time, all without having to write a physical check.
ACH origination helps you originate payroll direct deposit files, as well as initiate wire transfers. You can also schedule payments ahead of time so you don't miss a deadline.