Transaction Services

The Cash Management Solutions You Need…and More

Spend more time running your business and less time managing your cash by using cash management solutions linked to your Merrill Lynch Working Capital Management Account® (WCMA® account). With a WCMA® account, you receive a host of solutions to ensure your funds are in the right place at the right time to optimize your earnings.

 

Check Writing

Save time and money with fee-free check writing for the first 200 checks per month through your Merrill Lynch WCMA account. Make payments directly from your WCMA account to pay bills, file taxes, fund payroll and more. More

Electronic Transactions

Put your money to work with a minimum amount of time and effort. Move funds quickly and securely using electronic wire transfers, automatic bill payment and Automated Clearing House (ACH) transactions. More

Electronic Transfers (Sweeps)

Maximize the earning power of your money by investing excess daily cash balances into money fund accounts. Transfer excess funds to sweep against a loan or to a money market investment, or from external accounts to your WCMA account. More

SubAccountsSM

Automatically allocate business assets among individual accounts. Use WCMA® SubAccountsSM to segregate working capital from funds available for investment, divide funds by department or division, or designate monies for special purposes. More

 

Related Products & Services

For your business financial needs:

For your personal financial needs:

For more information call at 1.866.4ML-BUSINESS (465-2874) or e-mail us at AskMLBiz@ml.com.

Merrill Lynch, Pierce, Fenner & Smith Incorporated is a registered broker-dealer, not a bank, and the WCMA account is not a bank account. Banking services are provided by licensed banks or by third parties through arrangements with licensed banks. Unless otherwise indicated, investment products are not FDIC-insured, not guaranteed by a bank and may lose value. 

Lockbox Solutions are offered through PNC bank, an independent provider not affiliated with Merrill Lynch.  Merrill Lynch refers lockbox inquiries to PNC Bank and may receive a fee for such a referral. 

The Merrill Lynch Private Sales Referral Network is a service through which Merrill Lynch clients are referred to independent third party investment banking firms.

Working Capital Management Account  and WCMA are registered service marks of Merrill Lynch & Co., Inc.

The WCMA® account is a product of Merrill Lynch, Pierce, Fenner & Smith Incorporated.