Risk Management

Risk Management

Small and mid-sized businesses are highly vulnerable when it comes to fraud, loss, and other forms of business risk. We aim to provide local business owners and CFOs with valuable tools to support risk management and help mitigate the effects of fraud.

Texas Gulf Bank offers small business risk management solutions that are tailored to the specific needs of your business. For decades, we have helped businesses along the Texas Gulf Coast achieve ongoing success by leveraging our experience, stability, and financial strength to solve common business challenges.

Solutions for Business Risk Management

Forward-thinking organizations need strategies to protect and grow their resources. Consider our services that are specifically designed to safeguard your business.

Alerts and Controls

We will work with you to create parameters that trigger automated alerts about activity in your bank accounts. You can create personalized alerts based on things such as unusual activity, a high number of daily transactions, large amounts coming into your accounts or leaving your accounts, and other criteria.

This service is exceptionally useful to support internal controls in your business. You can utilize the alerts to prompt follow-up questions to specific teams or individuals in your company about activity that you noticed in the accounts. We make it easy to implement alerts and controls that support risk management.

Positive Pay

Positive Pay is one of the most popular features that our business banking customers utilize. This service is a fraud detection tool that reviews a list of your checks and detects problems (e.g. forgery) so that you can take responsive action.

As counterfeit check crime continues to rise, Positive Pay is an excellent tool to help protect your business from the risk of lost income due to non-payment. This tool is especially valuable if you engage with new customers that you are unfamiliar with or work with customers in other parts of the country that you cannot visit in person.

If a problem is detected with one of your checks, your company will be notified of the specific discrepancy. Then, a helpful member of our team will work with you to discuss the best course of action. Ultimately, we will follow your instructions on how you would like us to handle the exception that our tool detected.

Find Support for Small Business Risk Management

You don’t have to go at it alone trying to detect and address every possible source of fraud that could affect your business. We can close gaps by providing you with robust tools for risk management.

Contact Texas Gulf Bank to learn more about fraud prevention, as well as pricing for our fee-based services. Let’s get to work on providing you with the tools you need to mitigate risk. Complete our contact form below to get in touch with our team.

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*Services offered through the Treasury Services Department are fee-based and subject to approval.