Treasury Management Products and Services - Freedom Bank of Virginia
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Treasury Management

Freedom Bank helps you maximize your business’s cash flow by streamlining operating efficiency and protecting important assets. Our priority is delivering effective Treasury Management tools to our clients, so that you can focus on what matters - growing your business.

Improve your cash flow and minimize fees and interest paid, while optimizing cash balances and interest earned. With multiple options available for making payments and expediting collections, Freedom Bank is committed to helping you determine the most effective and efficient solutions for your company.

Freedom Bank’s full suite of Treasury Management products and services provide fast and flexible access for business of every size. Our dedicated Treasury Management team will engage with you in a thorough, thoughtful process to help you choose the best combination of products, tools and services. Whatever the solution, we customize for your company, you can be assured that the safety and protection of your assets will be our top priority.

Flow Chart-Freedom Bank


Christina R Hjelmquist

Christina R Hjelmquist

VP, Treasury Management

chjelmquist@freedombankva.com

(703) 667-4199

(703) 328-1453

Fares Hakim

Fares Hakim

VP, Digital Banking Officer

fhakim@freedombankva.com

(703) 667-4101

(703) 434-0264

Our robust commercial online banking platform provides comprehensive reporting and electronic transaction initiation including:

  • Enhanced security features including token authorization and dual control for payment initiation
  • Summary Level Balance Reporting
  • Detailed Transaction Reporting (customize by date or specific transaction types)
  • Integrated QuickBooks and Quicken.
  • Transfer funds between accounts and related entities
  • Alerts and Notifications
  • E-delivery of depository statements
  • Online Stop Payments
  • Images of Paid Checks and Deposited Checks
  • ACH Initiation
  • Wire Transfer Initiation with customized e-mail notifications for incoming and outgoing wires
  • Single Sign On Remote Deposit
  • Single Sign On Positive Pay
  • Business BillPay

Our Mobile Banking lets you quickly manage your business account while on the go from your Smartphone or Tablet. It also features Mobile Check Deposit which allows you to deposit checks without leaving your office

  • Manage Your Accounts
  • Deposit Checks *daily deposit limits apply
  • Review and Approve Bill Pay, fund transfers and ACH transfers

*Note: Carrier’s data rates may apply

Allows you to deposit checks remotely, 24/7. Simply scan, upload and transmit a digital image of your check to your Freedom Bank account. We make the whole process easy with “single sign-on” through our Online Banking platform.

  • Detailed reporting with a copy of each check.
  • Three years of deposits and deposited items detail.

Check deposits can be made up to 5:00pm ET for same day credit to your account. All funds will be available at opening of business the next day.

Take control of your cash flow with a fast and secure way to manage payments. With ACH services from Freedom Bank you can automatically direct deposit payroll, make vendor payments and initiate pre-authorized bill payments anytime - quickly, securely and efficiently. Freedom Bank ACH transactions, support same day origination, reduce errors, improve cash flow, and strengthen your vendor relationships.

  • Simplify payments by enabling direct deposit of payroll and making company disbursements with ease.
  • Accelerate receivables with one-time transactions or recurring file templates through Online Banking or imported from accounting software.

Online Wire Transfer Services from Freedom Bank give you the ability to transfer funds quickly between financial institutions via our Business Online Banking platform— in real time. Perfect for scheduled or one-time transfers, this convenient feature is designed for domestic as well as international transactions.

  • Transfer funds without leaving your office
  • Added security of Multi-Factor Authentication
  • Automated alert confirmations via email including Fed Reference Number
  • Process transfers reliably and securely

With increase in cybercrime and traditional check fraud, there’s greater need than ever for effective tools to protect your accounts, without restricting your ability to process payments

Check Positive Pay

Freedom Bank’s Positive Pay service compares all checks presented for payment against all checks issued. We alert you to potentially fraudulent activity before debiting your account.

You decide which checks should be authorized or declined.

  • User friendly import items format
  • Reduce unauthorized transactions
  • Limit the risk of fraudulent duplicate checks
  • Receive suspicious activity alerts
  • Approve or decline payments
  • Reconcile accounts quickly and easily

ACH Positive Pay Service

ACH Positive Pay protects your account from ACH debit or credit fraud. It provides you the flexibility to identify which vendor is authorized to debit or credit your account.

You decide which ACH should be authorized or declined.

  • Eliminates ACH loss by returning unauthorized ACH activity
  • Flexibility to block all ACH debits or only allow authorized vendors to debit your account
  • The ability to limit the amount of an authorized ACH debit by an exact authorized amount or an authorized amount range

Tokens and Dual Controls

Token is a PIN protected device for identification of the Internet banking user, and its application provides confidentiality of your accounts and safety of transactions.

Adding Dual Approval can help strengthen your online controls and protect your business from several different types of operational risk, like payment fraud, processing errors, compromised credentials and internal fraud.

CardValet

Freedom Bank utilizes CardValet which is a mobile app that allows you to define when, where and how your cards can be used. With CardValet you can set preferences and alerts to quickly detect – and take steps to prevent – fraudulent activity.

Benefits of CardValet

Fraud Protection

  • Real-time alerts keep you informed when your debit card is used
  • Transaction controls allows your debit card to work only in specific locations or geographical areas
  • When your cards are "off," no withdrawals or purchases will be approved

Control Spending

  • Use transaction controls for merchant codes, locations, transaction types and thresholds to ensure employee spending adheres to company policies

Review Balances and Transactions

  • Monitor your finances anytime, anywhere by using the CardValet mobile app to check your account balances or review recent card transactions

Download the CardValet mobile app today!

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Note: E-mail is not a secure form of communication. Please do not send any confidential or personal information via E-mail.

Please Note: E-mail is not a secure form of communication. Please do not send any confidential information using this form. This includes account numbers, social security numbers and password or PIN information.

Member FDIC

10555 Main Street, Ste 100
Fairfax, VA 22030
(703) 242-5300
Map & Hours

502 Maple Avenue West
Vienna, VA 22180
(703) 667-4170
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11700 Plaza America Dr Ste 110
Reston, VA 20190
(703) 663-2300
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4500 Daly Drive Suite 240
Chantilly, VA 20151
(571) 395-4000
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4211 Pleasant Valley Road
Chantilly, VA 20151
(703) 766-6400
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