By state law, the Shelby County Trustee serves as the banker for Shelby County Government. In addition, the Trustee coordinates banking services for approximately fifteen different county offices, including various elected officials and the Shelby County Board of Education.
Banking services include proactive cash management strategies that identify cash concentrations and control disbursements. The Trustee's office provides fraud detection and payment services for more than 117,000 disbursements exceeding $721 million each year from various county offices.
Banking for Results
The Shelby County Trustee oversees a cooperative effort among the elected officials, Shelby County Schools, and Shelby County Government to maximize interest earnings and streamline banking costs. Centralized banking functions and the latest industry technologies offer efficiencies with:
Image Cash Letters (ICL) to expedite cash flow and research
Electronic Positive Pay Services to detect fraudulent checks
Remote Deposit of check images instead of paper checks
Electronic Debits for outgoing payments
Online Transactions via the website and the phone app using "payit901"