Working Capital Management Account® (WCMA® Account)

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Money That Works Together Works Harder

The Working Capital Management Account® (WCMA® account) combines cash management and investing in a single account. As funds flow into and out of your WCMA account, they are automatically applied where they are needed for optimum efficiency.

  • Your funds work harder by working together to ensure that available cash balances are automatically invested
  • Invest in a wide range of investments that are appropriate for your investment objectives and risk tolerances
  • Spend less time managing your cash and more time running your business
  • Manage a wide range of business cash management functions through one account for your day-to-day operations
  • Work with your Merrill Lynch Financial Advisor to learn more about investment options for your WCMA account

   

Working Capital Management Account® Features

How It Works

As funds flow into and out of your WCMA account, they are automatically applied where they are needed for optimum efficiency.

  • Incoming funds: Incoming funds from clients or other bank accounts can be transferred into the WCMA account in a variety of ways, including checks, Fed wires and Automated Clearing House (ACH) transactions.
  • Within the WCMA account: Funds can be automatically swept into money fund accounts and can then be used for your choice of short-, immediate- or long-term investments.
  • Outgoing funds: You can make payments from your WCMA account to pay bills, pay federal and state taxes or make payroll payments. You can disburse funds through a variety of methods, including checks, Visa® debit cards, Fed wires and ACH transfers.

Additional Business Cash Management Solutions

The WCMA account offers the following cash management services for no extra fee:

  •  Automatic sweep of available cash balances
  • Deposits for the first 100 checks per month
  • Check writing for the first 200 checks per month
  • No-fee ACH (Automated Clearing House) transactions for the first 200 incoming and 200 outgoing per month. 
  • Comprehensive information reporting 24/7 on all your accounts
  • Incoming wires

Online Cash Management Solutions

Securely manage your account online through the Merrill Lynch Business Center, a 24-hour online cash management integrated with your WCMA account. You and your designated employees can perform a wide range of electronic cash management activities, including:

  • Information reporting: Monitor transactions, real-time portfolio performance and comprehensive current and historical balance reporting on all facets of your WCMA account.
  • Transaction processing: Initiate wire transfer disbursements to external bank accounts, transfer funds between enrolled WCMA accounts, automate collection of client receivables, automate the sweep of funds from external bank accounts, pay bills and file payroll tax payments.

Optional Services

Your WCMA account offers a variety of optional services that can add greater flexibility and efficiency to your cash management.

  • Merrill Lynch Visa®Business Signature Card: Monitor and control business purchases and travel and entertainment expenses while earning rewards through the Merrill Lynch Business Signature Rewards® program. Plus, the delayed-debit feature can help you keep your money working longer. With up to 99 individual cards per account, you can monitor and control business purchases, and travel and entertainment expenses.
  • Merrill Lynch WCMA® Business Access Visa® Card: Using this card can eliminate the need for traditional check writing, while providing direct debit and ATM access to cash. With up to 99 individual cards per account, you can monitor and control business purchases, and travel and entertainment expenses.
  • WCMA® SubAccounts: You can automatically link up to 999 individual SubAccounts to one full-service WCMA account to designate funds for special purposes, segregate working capital from funds available for investment or divide funds by department or division.
  • Additional services: Other solutions that can be linked to your WCMA account include:
    • Lockbox Services
    • Merchant Processing Solutions
    • Payroll Processing
    • Electronic Tax Payments
    • Remote Check Deposit Service

                       

                      Related Products & Services

                      For your business financial needs:

                      For your personal financial needs:

                      For more information call 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.

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

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

                      Business Investor Account and BIA are service marks of Merrill Lynch & Co., Inc.


                      The Business Investor Account is a product of Merrill Lynch, Pierce, Fenner & Smith Incorporated, which is a registered broker-dealer, not a bank, and the BIA account in not a bank account.  Banking services are provided through licensed banks or by third parties through arrangements with licensed banks.  Securities, mutual funds and other non-deposit investment products available through the account are not FDIC-insured, not guaranteed by a bank and may lose value. 

                      Financing, including the WCMA Reducing Revolver loan, is through Merrill Lynch Commercial Finance Corp., 222 North LaSalle Street, 17th Floor, Chicago IL 60601-California Loans made pursuant to a Department of Corporations California Finance Lenders license.  Programs, options and property types are not available in all states and are subject to change.  Certain conditions, restriction and costs may apply, Not all features are available with all programs.  All loans are subject to credit review and approval.