Public Entities

The right people and access

Dime is a partner committed to the success of your public entity. Our Municipal Banking relationship manager will help you through every phase of your operation, promptly answer your questions and provide fast responses to all of your requests. Simply put, you have one dedicated person to contact, backed by our team of banking experts.

The right process and technology

We believe the best answers are those that come from understanding your unique requirements. We put in the time to get to know your public entity by listening to your needs, dreams and goals before offering a single piece of financial advice. And our latest technology makes banking faster, easier and smarter. Save time and money by managing your public entity's finances and accounts anywhere, anytime through Dime's digital channels.

The right products and solutions<sup>1</sup>

Your time, satisfaction and success are important to us. From a tailored mix of cash flow solutions designed especially for public entities, to technology that enables you to effectively manage check receivables and prevent check fraud, we develop custom banking products to assist you in achieving your goals.

Whether you want banking convenience and flexibility, improved profitability and cash flow, or streamlined check processing and ACH capabilities, we have the tools to help you succeed.

Smart Solutions for Your Public Entity

Whether your library, water district or fire district needs a basic operational checking account or you require a checking account with more benefits, Dime has solutions for all of your needs. A Dime Municipal Banking relationship manager will help identify which checking account is right for your public entity.

Steady, Secure Savings

For over 155 years, Dime has been the trusted partner for local businesses in Brooklyn and throughout the greater New York City area and Long Island. When you’re looking for options to grow your savings, you can trust Dime Community Bank. We’re in your neighborhood and are committed to the success of your municipality. Leverage any idle capital while still retaining access to cash when you need it. We provide competitive rates and the security of FDIC Insurance for Money Market Accounts and Certificates of Deposit.

Protect Your Public Entity from Fraud

To help protect your Library, Water District or Fire District from fraud, we provide ACH block and filter solutions that enable you greater control in preventing unauthorized ACH debits or fraud attempts. You can also provide a list of acceptable company ID numbers. We’ll match any ACH debits against that list.

Move Money Conveniently, Securely and Efficiently

When it comes to running a public entity, you need the right tools to run your practice or firm and manage your cash flow as securely and efficiently as possible. That’s why Dime Community Bank works with you to provide Automated Clearing House (ACH) services to help you process your credit and debit transactions without the cost and time related to paper checks. If you issue or receive a high volume of checks, make payments, or process payroll, Dime has the right ACH solution for your Library, Water District or Fire District.

Our Municipal Banking relationship manager will help customize our ACH services to meet the needs of your public entity.

Improve Operational Efficiency and Profitability

Does your Library, Water District or Fire District process a large number of receivables and payments by mail? Dime Community Bank has the right cash management solution for you. With our Lockbox Services, we’ll eliminate in-house processing costs, improve funds availability, and simplify your record keeping and reporting. Your customers simply send their payments to an address featuring your company name and lockbox number. We’ll deposit the check and provide the correspondence, remittance documents and deposit summaries to your public entity each day.

Your Dime Municipal Banking relationship manager will work with you to structure the right lockbox solution to meet your needs.

Protect Your Public Entity from Check Fraud

Managing payment processing and check reconciliation can be daunting for any public entity, especially at high volumes. Dime’s Check Positive Pay solution enables you to protect your municipality by mitigating check fraud and improving operational efficiency through automated check reconciliation. We’ll match each check processed and presented for payment against a list of checks issued by your municipality each day. If exceptions are found, we’ll report them to you for review, and you can make the final “go/no go” decision. We also provide ACH Positive Pay services.

Your Dime Municipal Banking relationship manager will help set up Positive Pay to protect your Library, Water District or Fire District for the future.

Save Time and Money When Depositing Checks

We understand you don’t always have time to run to the bank to deposit checks. Dime Community Bank’s Remote Deposit Capture enables you to scan and deposit checks whenever you want, right from the convenience of your own office. We’ll set you up with a Remote Deposit Capture (RDC) portable check scanner and software, so you can scan your checks, review the images, and transmit them through a secure website to us for processing.

At Dime, our Municipal Banking relationship manager will walk you through the process so you can get back to managing the operations of your public entity.

Provide Your Customers with Convenience and Flexibility

As the needs of your Library, Water District or Fire District evolve, you need banking and payment solutions that will evolve with you. With Merchant Services from Dime, you can provide point-of-sale payment services for your customers with debit and credit cards without putting a drag on your public entity’s profitability. Our Merchant Services are a more affordable and effective solution to large merchant services providers, and you’ll get 24/7 local support — not some 800 number and a long wait time.

Dime Community Bank is committed to helping you succeed, and your Municipal Banking relationship manager will help you build the right Merchant Services solution for your public entity.

Manage Your Public Entity’s Finances Your Way

When you’re running a public entity, you barely have time to sleep, let alone stop by the bank on a regular basis. Dime's Online Banking and Bill Pay takes the hassle out of municipal banking by enabling you to maximize your time while managing your bank accounts and bill payments when it's most convenient for you. With Dime's Commercial Center Online Banking, you can easily access balances and transaction histories, transfer funds securely between Dime accounts, pay bills and approve ACH and wire transactions.

A Dime Municipal Banking relationship manager will help you set up the right online banking and bill paying solution for your operation.

Manage Your Accounts On the Go

When you’re away from your office and need to manage your accounts or pay a bill, you need to be able to do your banking on the go. Dime's Business Mobile Banking app enables you to manage and monitor your accounts securely, check your balances and transaction histories, transfer funds securely between Dime accounts, pay bills, and approve ACH and wire transactions--all from your smartphone. You can even deposit checks anywhere, anytime with Mobile Check Deposit.

As the best business bank in New York, Dime will help you run a more efficient operation by putting access to your accounts in the palm of your hand.

1 Subject to Dime approval.

2 Must have Dime Online Banking for Business to use Dime Business Mobile Banking. The Dime Business Mobile Banking App is available for select mobile devices. Dime Business Mobile Banking is a free service from Dime. However, your mobile carrier may charge for data and text message usage.