Cash Collection and Concentration Services
Streamlining your incoming cash is rarely a bad idea. From opening a cash concentration account to setting up merchant terminals, we can make the process pretty simple.
eDeposits
Make deposits right from your office. Or your jobsite. Or your house. With a secure internet connection, all you have to do is scan your checks and send the images to us. Deposits made by 7:00 p.m. on any business day are available for use the following business day.
ACH Collections/Cash Concentration
With a cash concentration account, we can help you collect your receivables and transfer them into one place through Automated Clearing House (ACH). Use Business Express Internet Banking to securely transmit your transactions for processing
Pre-Authorized Debits
Pre-authorized debits let you speed up the collection receivables through Automated Clearing House (ACH). You’ll be able to improve forecasting and cash-flow control, maximize investments and reduce borrowings.
Lockbox Services
Quickly convert your check payments and reduce internal operational duties. With lockbox services, your receivables are mailed to a P.O. box managed by us. We collect, process, image and deposit your remittances into your account—all on the same day. And our detailed reporting provides up-to-date and accurate information on your balances.
Zero Balance Account (ZBA)
If you have multiple or sub-accounts, a zero balance account allows you to consolidate balances into one master account overnight. Once the automatic transfers are made to the master account, the other accounts return to a zero balance. This maximizes funds for investment and eliminates idle balances.
Deposit Escrow Sub-Account (DESA)
Easily manage client, tenant or other parties’ deposits in escrow. With a DESA, a “master” checking account will act as the hub for individual interest-bearing savings accounts. Business Express Online Banking is used to move funds in and out of sub-accounts, and we handle all annual tax reporting and notices for you.
Merchant Bankcard Services
Whatever the needs of your business, we expect we have the right solution. Our merchant services package offers state-of-the-art tech that’s customizable and competitively priced. For a more straightforward explanation, click here and head over to our merchant services page.
Contact our cash management team.
If you have any questions about our cash collection and concentration services, call 978-567-3552, email [email protected] or complete the form below.