Treasury management is a set of capabilities layered onto your Live Oak business checking account. Some come standard at no additional cost. Others are treasury management services you add when you need them.
Treasury Management Services for Growing Businesses
Move money, get paid, and see your cash clearly from one place, with a banker who supports you along the way.
Treasury services available to Live Oak business checking customers.
What is treasury management?
Treasury management is the set of banking tools a business uses to move money, collect payments, protect against fraud, and see its cash position in one place. If you’re running payroll, paying vendors, invoicing customers, and trying to keep track of what’s available to spend, you’re already doing treasury management. You’re just doing it by hand. Live Oak pairs you with a banker who helps you choose the tools your business needs — and skip what it doesn’t. Explore what’s available below.
Treasury management services are subject to approval and additional fees.
Pay vendors and run payroll
Send ACH batches and online wires instead of one-off transfers — payroll, vendors, and recurring bills from one place.
- ACH payments and EFTPS
- Same day ACH
- Online wire originations
- Business Bill Pay
- Payroll drawdown
- Approval workflows
Collect what you're owed
Pull recurring payments automatically instead of chasing invoices. Scan checks from your desk or deposit from your phone, accept cards in person and online, or have mailed payments go straight to a lockbox we manage for you.
- ACH collections
- Remote deposit capture
- Lockbox
- Mobile deposit
- Merchant services
Protect your account
Positive pay holds checks and ACH debits that don’t match what you authorized, so exceptions wait for your review instead of clearing automatically. Customizable permissions limit what each person on your team can do, and you can require more than one approval before a payment leaves.
- Check positive pay
- ACH positive pay (credit and debit)
- Customizable permissions and access controls
- Transaction limits
- Multi-party approvals
See every account and balance in one place
See what’s in every account, set the alerts you want, and send the numbers straight into your accounting software. QuickBooks connects directly, and most other accounting and ERP systems connect securely too. If you’d rather receive your data as files, we can deliver them to your own systems on a schedule you set.
- Balance reporting
- Custom alerts
- Multi-company view with single login
- Direct QuickBooks integration
- Connections to other accounting and ERP platforms
- Custom SFTP file delivery
Put idle cash to work
Once money is moving reliably, the next question is what it earns while it sits. Automated sweeps keep your operating account funded and the rest earning. Additionally, we offer extended FDIC coverage2 through the IntraFi network at no additional cost.
- Automated sweeps
- Zero balance accounts
- Extended FDIC Insurance2
- Multi-account positioning
Four Signs Your Business Needs Treasury Management
You don’t need a treasury department to need treasury tools. Most businesses hit these four moments first.
1. You're approving payments by text message
Someone asks “ok to pay this?” and you reply from your phone. There’s no record, no second approver, and no way to prove who authorized what.
2. Payroll and vendor payments take a full afternoon
Individual transfers, one at a time, from a login that wasn’t built for it. ACH batches turn that afternoon into ten minutes.
3. You're still driving deposits to the bank
Or mailing them. Remote deposit capture turns a stack of checks into a scan at your own desk.
4. You can't answer “how much can we spend this week?” in under a minute
If the answer requires opening four tabs and a spreadsheet, the problem isn’t your bookkeeping. It’s your reporting.
Treasury features by checking account
| Business Essential | Business Plus | Business Plus Analysis | |
|---|---|---|---|
| Best suited to | Day-to-day banking for a lean team | Growing operations with real money-movement needs | Significant daily balances, complex or multi-entity operations |
| Available with every account at no additional cost | |||
| Business Bill Pay | Included | Included | Included |
| Direct QuickBooks Integration | Included | Included | Included |
| Customizable permissions and access controls | Included | Included | Included |
| Extended FDIC Insurance2 | Included | Included | Included |
| Mobile deposit | Included | Included | Included |
| Single login across multiple entities | Included | Included | Included |
| Treasury management services (additional fees may apply) | |||
| Check positive pay | Included | Included | Included |
| ACH positive pay (credit and debit) | Included | Included | Included |
| ACH payments and EFTPS | — | Included | Included |
| ACH collections and EFTPS | — | Included | Included |
| Online wire originations | — | Included | Included |
| Remote deposit capture | — | Included | Included |
| Lockbox | — | Included | Included |
| Payroll drawdown | — | Included | Included |
| Custom SFTP (secure file transfer) | — | Included | Included |
| Automated sweeps | — | Included | Included |
| Merchant services | Included | Included | Included |
| Combined account analysis | — | — | Included |
| Earnings credit | — | — | Included |
| Monthly fee | |||
| Monthly service fee3 | $10 monthly maintenance fee, waivable with a $1,000 average daily balance. | $25 monthly maintenance fee, waivable with a $25,000 average daily balance. Treasury services subject to additional fees. | $100 monthly maintenance fee; contact us to learn how you can offset monthly fees. Treasury services subject to additional fees. |
Treasury management FAQ
Remote deposit capture lets you deposit checks by scanning them from your own office, rather than bringing them to a bank. It’s available as an add-on on Business Plus and Business Plus Analysis accounts.
Yes. Live Oak offers a direct QuickBooks integration at no additional cost. Most other accounting and ERP platforms connect through a secure data connection via Plaid.
A lockbox is a mailing address the bank manages on your behalf. Your customers mail their payments there, and we receive, process, and deposit them, then pass the payment details back to you. It’s worth considering if a meaningful share of what you’re owed still arrives as checks in the mail, since it removes the opening, recording, and depositing from your team’s day. Lockbox is available on Business Plus and Business Plus Analysis accounts.
No. Live Oak is a digital bank. Deposits, payments, and reporting run through online and mobile banking.
It moves at your pace. Straightforward setups are often complete in a matter of days. More involved ones depend on how quickly you can provide what we need, and we tell you what that is up front. Onboarding is fully digital, with no paperwork to print and mail.
Banking built on people, not just platforms
Live Oak works with small businesses every day, and that’s given us a close look at how they actually manage cash.
Let's Get Started
Treasury management takes the manual work off your plate — the transfers and approvals your team does by hand today. Here’s how we work together to get you set up.
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Open Your Account
Open a Live Oak business checking account completely online.
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Tell Us More
Fill out the treasury interest form, and a banker will be in touch to learn how your business moves money.
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Review the Proposal
Review your proposal, agreement, and fee schedule before any service is turned on.
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Set Up and Go
We’ll configure your users, permissions, and approval limits with you. Then it’s yours to run.